PLS CEO on 1H Results, Lithium Outlook
PLS, Australia's biggest pure-play lithium producer, swung to a first-half loss amid low prices for the battery-making commodity and writedowns on investments in new growth platforms. However, PLS MD & CEO Dale Henderson said that he was "highly optimistic" about the lithium market's long-term outlook. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg: The Asia Trade". (Source: Bloomberg)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Tesla's Optimus robot VP is leaving the company
The head of Tesla's Optimus humanoid robot program, Milan Kovac, is leaving the company. Kovac said Friday in a post on X that he "had to make the most difficult decision" of his life to leave. "I've been far away from home for too long, and will need to spend more time with family abroad," he wrote. Kovac said that was "the only reason" and that his support for Musk and Tesla is "ironclad." Kovac's departure was first reported Friday by Bloomberg News. The departure comes as Tesla CEO Elon Musk has claimed the company will have "thousands" of Optimus robots operating in its factories by the end of this year. "And we expect to scale Optimus up faster than any product, I think, in history, to get to millions of units per year as soon as possible," Musk said last month. Kovac worked at Tesla for nearly 10 years, with much of that time coming as a top engineer on the Autopilot team. He was tapped to help lead development of Optimus in 2022 and became a vice president overseeing the program in late 2024. "I'm driving the Optimus program (Tesla's humanoid robot) & all its engineering teams," Kovac previously wrote on his LinkedIn profile. "Separately, I'm also driving the engineering teams responsible for all the software foundations & infrastructure common between Optimus and Autopilot." Ashok Elluswamy, the vice president of Tesla's AI software division, will take over the Optimus project, according to Bloomberg. This story has been updated with information from Kovac's X post about his departure.
Bloomberg
2 hours ago
- Bloomberg
Investing Africa: 'Verdict Is Out' on African VC Funding
Enygma Ventures Founder Sarah Dusek says that Venture Capital funding in Africa could get a boost in 2025 with investors potentially diverting their capital away from more traditional destinations. She speaks to Bloomberg's Jennifer Zabasajja. (Source: Bloomberg)
Business Insider
5 hours ago
- Business Insider
Deutsche Bank (DB) Considers Launching Its Own Stablecoin
Deutsche Bank (DB), Germany's largest bank, is considering launching its own stablecoin and creating a tokenized deposit solution to improve payment systems, according to a Bloomberg report that was published on Friday. The move comes as stablecoins continue to gain momentum in the financial world. In fact, Europe already has a clear regulatory framework through its MiCa law, and U.S. lawmakers may pass new stablecoin legislation as early as next week. Confident Investing Starts Here: 'We are seeing growing momentum for stablecoins, especially with a supportive regulatory environment in the U.S.,' said Sabih Behzad, Deutsche Bank's head of digital assets and currencies transformation, in an interview with Bloomberg. He added that banks have many ways to get involved with stablecoins, ranging from serving as reserve managers to issuing their own coins, either independently or in partnerships with other banks. For context, stablecoins are a type of cryptocurrency that aims to maintain a stable value by being pegged to real-world assets, such as the U.S. dollar or gold. Tokenized deposits, meanwhile, are regular bank deposits that are recorded on a blockchain, which allows them to move faster in digital transactions. Deutsche Bank's interest in both tools highlights the growing interest from traditional banks in using blockchain technology to modernize payments. Is DB Stock a Good Buy? Turning to Wall Street, analysts have a Strong Buy consensus rating on DB stock based on nine Buys, one Hold, and zero Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average DB price target of $29.27 per share implies 4% upside potential.
