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Tesla EVs recharge at a Tesla Supercharger station on July 2, 2026 in South Pasadena, California. Mario Tama | Getty ImagesDETROIT – The Iran war and high U.S. gas prices are causing a surge in demand for used all-electric vehicles, which is making the pre-owned vehicles more expensive, according to Cox Automotive.The company on Wednesday reported that its Manheim Used Vehicle Value Index for EVs — which tracks prices of used vehicles sold at its U.S. wholesale auctions — increased 12% last month compared with June 2025. That compares with a 1.7% increase for non-EVs over the same period.Wholesale EV prices…

July 8 (Reuters) – has hired veteran banker Michael Flynn to lead a newly created banking business, according to a memo seen by Reuters on Wednesday. Flynn joins as head of small-cap investment banking, which expands the bank’s existing mid-cap franchise to cover clients in commercial and specialized industries with enterprise values of roughly $100 million to $500 million. Wall Street’s biggest banks expect 2026 to be a strong year for dealmaking, driving investment in new teams and broader client coverage. Flynn, who has over 25 years of experience in investment banking, corporate development and private equity, joins from G2…

Some material also goes to an unnamed US technology and industrial company, under a deal penned in the first quarter of 2026. In the same quarter a year ago, the largest portion of MP’s sales by revenue—mined material, not NdPr—went to China’s Shenghe Resources. But MP has stopped selling to Shenghe as part of its deal with the US government. MP ultimately plans to produce its own magnets at scale, which would require it to consume much of what it produces. Mined rare earths are turned into oxides, which are used to make metals and alloys that go into magnets.…

Kentucky Gov. Andy Beshear on Wednesday asked the office of Sen. Mitch McConnell’s, R-Ky., to provide an update on the senator’s health, escalating public pressure for more information as the 84-year-old remains hospitalized more than three weeks after being admitted.”Over the last several weeks, Kentuckians have grown increasingly concerned about the health and well-being of Sen. McConnell,” Beshear, a Democrat, said in a statement. “As Governor — and a fellow public official who understands the commitment we’ve made to the people we serve — I am requesting the Senator provide an update on his current health status.”Beshear said continued speculation…

Jeff Bezos’ Blue Origin is raising about $10 billion, in its first outside funding round that will value the rocket company at $130 billion, sources told CNBC’s Andrew Ross Sorkin. Bezos is set to contribute $2 billion into the round, along with about $4 billion from hedge fund Coatue Management, according to people familiar with the matter, who asked not to be named because the details are private. The remaining $4 billion has seen significant demand, with several major investors expected to participate, the people said. The funding round comes hot on the heels of a blockbuster IPO by Elon…

Why is Definium Therapeutics stock rallying today? Source link

A line of Waymo robotaxis drives through North Beach on July 7, 2026 in San Francisco, California. Heather Diehl | Getty ImagesWaymo will begin rolling out its driverless vehicles in four new cities in the coming weeks, furthering its U.S. expansion and building on its lead over domestic rivals Tesla and Zoox, which is owned by Amazon. Alphabet’s robotaxi division will soon start offering fully autonomous rides in San Diego, Las Vegas, Tampa, Florida, and Denver, the company said Wednesday. While the launch will initially be for Alphabet employees, the rollout will then extend to the public.Waymo, which first announced…

Ruth Ellis, the last woman to be executed in the UK, has been granted a conditional posthumous pardon.Ellis was hanged at London’s Holloway Prison in 1955 after being convicted of murdering her lover David Blakely.Her family have campaigned for her murder conviction to be overturned, arguing she was a victim of domestic abuse and was physically and emotionally abused by Blakely before shooting him.Deputy Prime Minister David Lammy told MPs the King had granted the pardon, saying that the death penalty had been replaced with a sentence of life imprisonment.Ellis’ granddaughter Laura Enston welcomed the news and said: “The shadow…

A Delta aircraft taxis to Terminal A shortly before a deep orange winter sunset at Boston Logan International Airport in Boston, MA, on Dec. 22, 2025. Austin DeSisto | Nurphoto | Getty ImagesDelta Air Lines is dividing up the front of the plane into even smaller groups, offering a new “basic” fare for business and first classes that comes without perks like free seat selection and airport lounge access.The carrier is following United Airlines, which made a similar change earlier this year to its Polaris long-haul business class and other higher-tier cabins. Carriers are seeking to maximize what they can…

Glencore options trading surges with focus on July calls Source link