United States Steel Today X United States Steel $42.30 -0.70 (-1.63%) As of 03:59 PM Eastern This is a fair market value price provided by Polygon.io. Learn more. 52-Week Range $26.92 ▼ $44.87 Dividend Yield 0.47% P/E Ratio 28.39 Price Target $41.32 The steel stocks in the basic materials sector have been benefactors of President Trump’s steel … Read more
How far are you willing to go to satisfy your children’s desires, however outlandish they may seem? For one Siti Nuraini binti Nuawi, it would be starting a F&B empire, bringing affordable halal Japanese cuisine to sate her kids’ cravings. “The inspiration came from my kids’ love for Japanese cuisine and a desire to create … Read more
The steel industry is back in the news again, courtesy of President Trump. The president is leaving his mark on the negotiations between Japanese company Nippon Steel OTCMKTS: NPSCY and United States Steel NYSE: X. So, what does Trump’s stance mean for U.S. Steel stock going forward, and is there ultimately still upside in this … Read more
Outgoing President Joe Biden dropped a bombshell when he issued an executive order last month blocking the purchase of United States Steel (USS) by Japan’s Nippon Steel, citing national security concerns. The decision has set off a rash of vituperative exchanges between Nippon Steel and Cleveland-Cliffs, whose earlier bid USS pushed aside in favor of … Read more
Transcript: Conway Gittens: I’m Conway Gittens reporting from the New York Stock Exchange. Here’s what we’re watching on TheStreet today. Tech stocks led Tuesday’s market decline as strong economic data decreased chances of a January rate cut. Growth in the massive U.S. services sector picked-up in December, according to the Institute for Supply Management. Meanwhile, job … Read more
Jaoan’s Nippon Steel has filed several lawsuits in US courts after the US administration led by president Joe Biden blocked the proposed $14.9 billion acquisition of US Steel based on, in part, national security grounds, according to a January 3 White House memo. ¬ Haymarket Media Limited. All rights reserved. … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Joe Biden has blocked a $15bn deal by Japan’s Nippon Steel to buy US Steel, delivering a setback to Washington’s relationship with its closest Asia-Pacific ally. Biden, who has long been … Read more
Nippon Steel NPSCY proposed granting the U.S. government veto power over reductions in U.S. Steel Corp’s X production capacity in a bid to secure approval from President Joe Biden for its $14.9 billion acquisition of the American steelmaker. The Washington Post, which first reported this story, noted the proposal is aimed at mollifying the Committee … Read more
Nippon Life Insurance, Japan’s largest private insurer, is spending $8.2 billion on global life insurance firm Resolution Life Group Holdings—marking the largest overseas acquisition in Japan’s insurance industry. This move underscores Nippon Life’s ambition to bolster its global presence amid a shrinking domestic market due to Japan’s aging population and low-interest-rate environment. Resolution Life, established … Read more
Japan’s Nippon Life has agreed to acquire global life insurance player Resolution Life for around $8.2 billion, according to a company announcement on December 11. In addition the firm has bought the remaining 20% of MLC Life from National Australia Bank (NAB) and will merge MLC with Resolution Life Australasia for A$500 million ($319 … Read more