Groundbreaking for Tesla’s lithium refinery in South Texas
Construction vehicles roared and beeped this week as Tesla’s CEO Elon Musk and Texas Gov. Greg Abbott...
Construction vehicles roared and beeped this week as Tesla’s CEO Elon Musk and Texas Gov. Greg Abbott formally opened Tesla’s $375 million lithium refinery in south Texas.
It was seen as another effort by Musk to control more of the supply chain for the growing production of electric vehicles. The refinery is located in rural Nueces County and is the first of its kind in North America.
Construction is scheduled to be finished later this year, Musk said, and reach full capacity about a year afterward.
Former Prime Minister Imran Khan of Pakistan was arrested by paramilitary troops in a major escalation of a political crisis.
The arrest intensified a showdown between the government and Mr. Khan, a populist former cricket star...
The arrest intensified a showdown between the government and Mr. Khan, a populist former cricket star who was staging a comeback after he was ousted from office last year.
U.S. Energy Corp. Declares Quarterly Cash Dividend
U.S. Energy Corp.’s board of directors has declared a cash dividend of $0.0225 per share, according...
U.S. Energy Corp.’s board of directors has declared a cash dividend of $0.0225 per share, according to a May 8 press release.
The dividend will be available May 30 to all who become stockholders no later than May 19. U.S. Energy Corp. is an energy company based in Houston, TX.
Benchmark U.S. crude oilfor June delivery rose $1.82 to $73.16 a barrel Monday. Brent crudefor July delivery rose $1.71 to $77.01 a barrel.
Wholesale gasolinefor June delivery rose 8 cents $2.46 a gallon. June heating oilrose 7 cents $2.38 a gallon. June natural gasrose 10 cents to $2.24 per 1,000 cubic feet.
Yellen warns debt-ceiling breach would have ‘adverse impact’ on U.S. dollar’s status
Treasury Secretary Janet Yellen on Monday warned a breach of the U.S. debt ceiling could cause “financial...
Treasury Secretary Janet Yellen on Monday warned a breach of the U.S. debt ceiling could cause “financial chaos” and downgrade the status of the U.S. dollar as the world’s reserve currency.
Yellen spoke in a CNBC interview a day before President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet at the White House to discuss the debt ceiling. McCarthy, a California Republican, is insisting on spending cuts in exchange for raising the $31.4 trillion borrowing limit. Biden wants the debt ceiling to be raised without conditions.
Yellen said there’s a “very large gap” between Biden and Republicans on fiscal matters, and urged that the debt ceiling be raised and that the parties negotiate spending.
