News

OpenAI announces new Guaranteed Capacity offering for customers to secure compute

OPENAI

Altman said OpenAI will make sure it leaves enough capacity available for its products like ChatGPT and its coding assistant Codex.

Here's Why Okta (OKTA) Fell More Than Broader Market

OKTA

Okta (OKTA) reached $85.81 at the closing of the latest trading day, reflecting a -1.41% change compared to its last close.

Williams-Sonoma (WSM) Gains As Market Dips: What You Should Know

WSM

The latest trading day saw Williams-Sonoma (WSM) settling at $171.83, representing a +1.58% change from its previous close.

MinRes Reboots Bald Hill Lithium Mine to Capitalize on Price Rally

ALB

Mineral Resources (ASX:MIN,OTCPL:MALRF) will restart its Bald Hill lithium mine in Western Australia following an 18-month freeze, moving rapidly to capitalize on a 50 percent year-to-date rebound in global lithium prices.The Perth-based miner announced that it will bring the fully owned Goldfields-region site back online after placing it on care and maintenance in November 2024.Now, a fierce price rally has altered the economics. Lithium carbonate prices have surged this year, breaking a multi-year downtrend as global markets grapple with structural supply bottlenecks, including widespread mine suspensions in China and sudden raw mineral export bans in Zimbabwe.“With strong and sustained demand for spodumene concentrate driving a significant recovery in prices, the time is right to restart operations at Bald Hill,” MinRes Managing Director Chris Ellison said in a statement.Site activity will ramp up in late May, with crushing and mining operations slated to begin in June. MinRes is targeting its first production of spodumene concentrate by July. To hit the accelerated timeline, the company will draw on existing site inventory and deploy its internal mining services division to handle the site's crushing, processing and haulage without relying on external contractors.Initial shipments out of the Port of Esperance are expected in the first quarter of fiscal 2027, with the mine reaching full capacity in the subsequent quarter. Once fully ramped up, Bald Hill has a production capacity of roughly 165,000 dry metric tons of 5.1 per cent spodumene concentrate per year, backed by a mineral resource of 58.1 million metric tons.“The combination of a high-quality, production-ready asset and the in-house capability of our mining services business means MinRes is well-placed to rapidly capitalise on the resurgent lithium market,” Ellison added.Once Bald Hill returns to commercial production, the company will also elevate its footprint to become the only miner globally operating three distinct hard rock lithium mines, each equipped with its own dedicated spodumene concentrate facility. MinRes currently operates the heavy-weight Wodgina and Mt Marion mines in joint ventures with Albemarle (NYSE:ALB) and Ganfeng Lithium (HKEX:1772,OTCPL:GNENF), respectively.Despite the growth posture, MinRes shares slipped 1 percent in Australian trading Monday (May 18) due to broader weakness across the critical minerals sector. The muted market reaction also follows recent disclosures that Ellison sold a block of his personal shares in the company — his first stock sale since 2017 — citing personal financial reasons.Don't forget to follow us @INN_Resource for real-time updates!Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

8x8 (EGHT) Q4 Earnings and Revenues Surpass Estimates

EGHT, BZ

8x8 (EGHT) delivered earnings and revenue surprises of +57.14% and +2.36%, respectively, for the quarter ended March 2026. Do the numbers hold clues to what lies ahead for the stock?

Dollar Rallies and Gold Falls as T-note Yields Climb

The dollar index (DXY00 ) on Tuesday rallied to a 6-week high, finishing up by 0.14%. The dollar moved higher on Tuesday as higher T-note yields are strengthening the dollar’s interest rate differentials. The 10-year T-note yield jumped to a 16-month high on Tuesday of 4.685%. Also, weakness in stocks...

Multilateralsim at work: Eurogroup President on G7 meeting, Europe's priorities and challenges

G7 finance ministers and central bankers wrapped up their two-day meetings in Paris as the war in Iran and the energy crisis continue to weigh on the global economy.  Eurogroup President Kyriakos Pierrakakis, who represented the 21-member euro area in the talks, told FRANCE 24's François Picard and Yuka Royer that despite some differences, there was a shared understanding that a multilateral approach was key to face the ongoing challenges. 

Crude Oil Prices Slip on Diplomatic Hopes to End Iran War

June WTI crude oil (CLM26 ) on Tuesday closed down -0.89 (-0.82%), and June RBOB gasoline (RBM26 ) closed down -0.0645 (-1.72%). Crude oil and gasoline prices retreated on Tuesday after the dollar index ($DXY ) jumped to a 6-week high. Crude prices also moved lower after President Trump late...

Seasonal Maintenance Curbs US Nat-Gas Production and Boosts Prices

June Nymex natural gas (NGM26 ) on Tuesday closed up +0.090 (+2.98%). Nat-gas prices on Tuesday added to Monday's gains, posting an 8-week nearest-future high. Annual spring maintenance has curbed US nat-gas production and boosted prices. However, gains were limited as the annual maintenance has also reduced US nat-gas exports...

Speculation Brazil Will Curb Sugar Output Pushes Prices Higher

July NY world sugar #11 (SBN26 ) on Tuesday closed up +0.28 (+1.90%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +4.50 (+1.03%). Sugar prices moved higher on Tuesday as Brazil's decision to announce new fuel subsidies to cushion the impact of soaring gasoline and diesel prices...