Global stocks rise as trade fears ease eyed by China data
U.S. and European indexes gained while Asia markets advanced after Beijing reported a 3.3 percent rise in exports and a yuan bounce. Traders eyed U.S. tariff threats, central bank cuts in multiple nations, and hopes for stabilized growth amid currency shifts and policy signals.
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Northshore Mining upgrades anchor DR grade pellets in Silver Bay
Cleveland Cliffs announces a 100 million upgrade at its Silver Bay plant to produce DR grade iron ore pellets for direct reduced iron. The facility aims to supply 3.5 million tons annually and support a new Toledo iron plant. U.S. Rep. Pete Stauber called the day pivotal for northeastern Minnesota.
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Uber Posts Record Quarterly Loss Amid IPO Related Costs
Uber Technologies reports a 5.24 billion loss in Q2 mainly from 3.9 billion in stock based compensation and expenses plus 298 million in stock and cash to drivers tied to its IPO. Revenue rose 14 percent to 3.17 billion, while in after-hours trading shares fell.
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