The LK-99 superconductor — a mixed compound allegedly created by South Korean scientists — is going viral on social media. Sources claim the superconductor can perform at room temperatures and under ambient pressure. What exactly does this mean? The Verge Science Reporter Justine Calma joins Yahoo Finance Live to explain the implications the alleged superconductor to could have for energy consumption and cooling in personal devices, machinery, and power grids. "It's important to note that this material rose to fame after it was described in a couple of research papers that were published without peer review," Calma tells Yahoo Finance's Rachelle Akuffo.
The LK-99 superconductor — a mixed compound allegedly created by South Korean scientists — is going viral on social media. Sources claim the superconductor can perform at room temperatures and under ambient pressure. What exactly does this mean? The Verge Science Reporter Justine Calma joins Yahoo Finance Live to explain the implications the alleged superconductor to could have for energy consumption and cooling in personal devices, machinery, and power grids.
"It's important to note that this material rose to fame after it was described in a couple of research papers that were published without peer review," Calma tells Yahoo Finance's Rachelle Akuffo.
Reuters
FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group in December 2021.
AP Finance
Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.
Bloomberg
(Bloomberg) -- Palantir Technologies Inc. faces a fresh test of whether it can justify the artificial intelligence hype when it reports earnings later on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaPayPal Launches a Stablecoin in Latest Crypto Payments PushThe data analysi
Reuters
Since China opened to foreign investment in 1978 under Deng Xiaoping, global firms have ploughed in hundreds of billions of dollars to buy and build factories for market access and cheap labour, bolstering the Chinese currency. A gentle downtrend in foreign direct investment gave way to a steep drop last quarter and inflows to China slammed to their lowest since records began 25 years ago, raising the prospect that the long-term trend is turning. "FDI has historically not been a huge swing factor in the exchange rate's value, because you typically had surpluses of $50 to $100 billion a year," said Logan Wright, director of China Markets Research at analytics firm Rhodium Group.
TipRanks
This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S
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