Full story: https://grafa.com/news/energy-li-s-energy-tests-lithium-sulphur-battery-in-uav-flights-307887 Li-S Energy (ASX:LIS) has completed preliminary tests for uncrewed aerial vehicles using its 12-cell lithium-sulphur battery pack. The tests aimed to show the viability of configuring lithium-sulphur cells into a functional battery pack, integrating it with a fixed-wing UAV, and executing a typical flight profile. The flight demonstrations included critical phases such as takeoff, ascent, and level flying, highlighting the potential for lithium-sulphur technolog

Full story: https://grafa.com/news/cryptocurrencies-fed-rate-cut-likely-as-election-approaches-297907 As the 2024 U.S. presidential election nears, financial markets are closely watching the Federal Reserve’s upcoming rate decision, scheduled just two days after Election Day on November 7.  According to the CME’s Fedwatch tool, there is a 99% probability of a quarter-point cut in the federal funds rate, a key benchmark influencing interest rates nationwide.  This anticipated cut reflects widespread market expectations based on futures data, although it’s impor

Full story: https://grafa.com/news/communications-aussie-regulator-drags-optus-to-ourt-over-alleged-misconduct-in-mobile-sales-298617 Australia's competition watchdog, the Australian Competition and Consumer Commission, has filed a lawsuit against Optus, owned by Singapore Telecommunications, alleging misconduct in the sale of mobile phones and plans, particularly targeting vulnerable customers. The ACCC claimed that Optus' sales practices had a "disproportionate" impact on consumers and were allegedly influenced by commission structures

Full story: https://grafa.com/news/cryptocurrencies-microstrategy-plans--42b-raise-to-boost-bitcoin-holdings-298183 MicroStrategy (MSTR) unveiled a new capital strategy on Wednesday, aiming to raise $42 billion over the next three years to increase its Bitcoin (CRYPTO:BTC) holdings and enhance shareholder returns.  According to the company’s Q3 earnings report, the “21/21 Plan” consists of generating $21 billion through ATM equity sales and another $21 billion from fixed-income securities.  “As

Full story: https://grafa.com/news/cryptocurrencies-russia-warns-of-global-impact-if-frozen-assets-are-used-294212 Russia has cautioned that utilising its frozen financial assets could lead to significant disruptions in the global financial system.  Deputy Finance Minister Ivan Chebeskov emphasised that leveraging these assets would have "profound systemic consequences" for international monetary stability.  He warned that the increased use of the US dollar as a tool in economic conflicts could prompt developing nations to seek alternatives for tr

Full story: https://grafa.com/news/auto-and-cars-autonation-s-q3-revenue-dips-to---6-6b-293727 AutoNation (NYSE:AN) has reported a slight decline in its third-quarter revenue for 2024, with figures reaching $6.6 billion compared to $6.9 billion in the same period last year. During the quarter, the company's net income came in at $185.8 million, translating to $4.61 per share. When adjusted for non-recurring gains, earnings stood at $4.02 per share. These results fell short of Wall Street expectations, where the

Full story: https://grafa.com/news/mining-sibanye-faces--522m-compensation-claim-over-terminated-brazilian-mines-deal-285479 Sibanye Stillwater (NYSE:SBSW), a leading South African mining company, is confronting a massive $522 million compensation claim from investment firm Appian Capital Advisory. The claim stems from the termination of a $1.2 billion agreement that would have seen Sibanye acquire Appian's Brazilian nickel and copper mines, the company disclosed on Monday.

Full story: https://grafa.com/news/transport-and-logistics-fedex-and-ups-gain-as-stifel-highlights-potential-benefits-from-port-strikes-280536 Shares of parcel service providers FedEx Corporation (NYSE:FDX) and United Parcel Service (NYSE:UPS) saw gains in today's trading session. FedEx shares rose nearly 3%, while UPS gained more than 1%, responding to ongoing U.S. port strikes tha

Full story: https://grafa.com/news/energy-cadeler-ink--200m-deal-for-asia-pacific-offshore-wind-projects-280400 Cadeler (NYSE:CDLR) has announced the signing of a Vessel Reservation Agreement (VRA) for offshore wind projects in the Asia-Pacific region. The agreement, valued at approximately 200 million EUR, underscores Cadeler’s strategic expansion in the rapidly growing Asia-Pacific market. According to the company, the pipeline of projects will meet the energy needs of roughly 1,360,000 househ

Full story: https://grafa.com/news/auto-and-cars-carmax-reports-5-1--sales-surge-and-13-3--eps-increase-in-q2-279318 CarMax (NYSE:KMX) has announced its financial results for the second quarter ended August 31, 2024, showcasing robust growth in retail used unit sales and a solid increase in net earnings per share. The company saw a 5.1% increase in retail used unit sales and a 4.3% rise in comparable store used unit sales compared to the same period last year. While wholesale units experience

Full story: https://grafa.com/news/cryptocurrencies-neiro-ethereum-rebounds-51---eyes--0-17-after-fed-rate-cut-276993 Neiro Ethereum (CRYPTO:NEIRO) has seen a notable recovery, rebounding 51% after a sharp 45% decline earlier in the week.  This drop was triggered when Binance listed a different token with the same ticker, leading to confusion among traders.  Based on positive market sentiment, fueled by the recent 50 basis points interest rate cut by the US Federal Reserv

Full story: https://grafa.com/news/cryptocurrencies-ethena-warns-users-after-domain-hack-and-front-end-exploit-276226 On September 18, Ethena Labs issued a warning to users after its website suffered a front-end attack caused by a compromised domain registrar account.  Ethena Labs urged users to avoid interacting with any site or application claiming to be associated with Ethena (CRYPTO:ENA) until the issue is resolved.  The website has been deactivated to prevent further exploitation.  Ethena Labs rea

Full story: https://grafa.com/news/cryptocurrencies-jpmorgan-ceo-warns-of-stagflation-and-recession-risk-in-us-economy-275098 JPMorgan Chase CEO Jamie Dimon has issued a warning about the potential for stagflation, despite some signs that inflation might be easing.  Speaking at the Council of Institutional Investors' fall conference in Brooklyn, New York, Dimon emphasised that the U.S. economy still faces significant challenges.  He pointed to rising government deficits and increased spending as factors that could continue to fuel infla

Full story: https://grafa.com/news/cryptocurrencies-analyst-predicts-bitcoin-could-reach-new-highs-273885 Cryptocurrency analyst Kevin Svenson has expressed optimism about Bitcoin (CRYPTO:BTC) as it trades at more than 20% below its previous all-time high set in March.  In a recent video shared with his 79,200 YouTube subscribers, Svenson stated that Bitcoin is "likely just a couple of months away from a new all-time high." Svenson notes that the correction Bitcoin is currently undergoing is a common feature of all market cycles.  He explained, “People may

Full story: https://grafa.com/news/technology-cleanspark-buys-seven-bitcoin-mining-facilities-273606 CleanSpark (NASDAQ:CLSK), known as America's Bitcoin Miner®, has announced a strategic expansion through the acquisition of seven bitcoin mining facilities and related land in the Knoxville area, for a total investment of $27.5 million, equating to approximately $324,000 per megawatt. This significant acquisition underscores the Company's commitment to enhancing its infrastructure and capitalizing on market-leading valuations. The deal, set to be finalized by September 25

Full story: https://grafa.com/news/mining-sun-silver-unveils-antimony-findings-at-maverick-springs-project-272763 Sun Silver (ASX:SS1) announced pXRF analysis results revealing high-grade antimony from a historic drill core in its 100% owned Maverick Springs Project, Nevada, USA. Multiple drilling holes showed significant antimony mineralisation, warranting further exploration to determine full deposit potential. Sun Silver reported anomalous Sb results over 1.3km apart within five historical drill holes. Notably, pXRF readings from hole MR124 indicated high

Full story: https://grafa.com/news/auto-and-cars-tesla-rises-on-record-china-sales-in-august-2024-272430 Tesla's shares (NASDAQ:TSLA) climbed 2.3% to $215.62 in premarket trading, buoyed by positive news from its key market in China. New energy vehicle sales in China surged 43.2%, accounting for a record 53.5% of total car sales. While BYD set a sales record, Tesla recorded its best month of the year, exporting 23,241 China-made vehicles in August. In another boost to Tesla, its supplier, Panasonic Energy, has completed preparations for mass-production of high-capaci

Full story: https://grafa.com/insights/mining-can-australia-s-lithium-industry-survive--271692 Australia produces lithium primarily from hard rock mining of spodumene deposits, not from lithium brine sources.  But there is a big problem emerging, in that lithium brine production is more cost effective and more environmentally friendly than spodumene mining. Spodumene mining, a traditional method that involves extracting lithium from hard rock, often requires extensive land disruption, heavy machinery, and the generation of significant amounts of waste.  Brine extract

Full story: https://grafa.com/news/united-states-saic--nyse-saic--sees-2--revenue-boost-in-q2-fiscal-2025-271188 Science Applications International Corporation (NYSE:SAIC) has disclosed its financial outcomes for the second quarter of fiscal year 2025, demonstrating steady growth amidst challenging market conditions. The defense contractor reported revenues of $1.82 billion, marking a 2% increase in organic growth. The company's net income was recorded at $81 million, with an adjusted EBITDA of $170 million, representing 9.4% of total revenues. Additionally,