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Another fire ignites at Ford aluminum supplier Novelis

Another fire ignites at Ford aluminum supplier Novelis

Novelis’ Oswego, New York manufacturing plant. Courtesy: Novelis Another fire ignited on Thursday at Novelis’ aluminum plant in Oswego, New York, that supplies Ford’s lucrative F-150 truck line, about two months after a blaze halted much of the facility’s production. Ford in October cut its profit forecast, citing a gross hit of up to $2 billion from the incident. The Dearborn, Michigan, automaker expects to…

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SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names

SoftBank sinks over 10% as Nvidia-fueled rout sweeps Asian chip names

The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.  Kazuhiro Nogi | Afp | Getty Images A sector-wide pullback hit Asian chip stocks Friday, led by a steep decline in SoftBank, after Nvidia‘s sharp drop overnight defied its stronger-than-expected earnings and bullish outlook. SoftBank plunged more…

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Japan October exports massively beat estimates on robust growth in shipments to Asia and Europe

Japan October exports massively beat estimates on robust growth in shipments to Asia and Europe

Shipping container loads dock at Tokyo Bay. Sopa Images | Lightrocket | Getty Images Japan’s exports in October massively beat expectations, government data on Friday showed, as shipments to Europe and Asia saw robust growth. Exports grew 3.6% year on year compared with expectations of a 1.1% growth by economists polled by Reuters. However, growth…

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