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  • Rio Tinto reports 'solid' production results in Q1
    Rio Tinto Group revealed in its first quarter production results update that it achieved solid results in terms of ore production. The company reported record copper production in March while Pilbara iron ore shipments declined due to extreme weather events.Pilbara iron ore output was 69.8 million...
  • Palantir CEO urges Japan-US AI defense partnership
    Palantir CEO Alex Karp in an interview with Nikkei called on Japan and the United States to speed up cooperation on artificial intelligence in defense, saying the two countries should develop an AI-powered targeting system together. Karp said Japan could provide hardware while US companies...
  • Palantir slumps 10% amid defense budget cut fears
    Palantir Technologies Inc. shares declined on Wednesday by more than 10% amid heightened concerns about the potential impact of defense spending cuts on the company.Defense stocks were affected by reports about United States Secretary of Defense Pete Hegseth instructing the Pentagon to...
  • Rio Tinto 2024 profit jumps 15% to $11.6B
    Rio Tinto Group revealed on Wednesday that net earnings or profit after tax attributable to owners jumped by 15% to $11.6 billion and earnings per share (EPS) were up 14.7% to 707.1 cents. Revenue for the full 2024 fell 0.7% compared to 2023 and stood at $53.6 billion.For 2025, the mining...
  • Palantir climbs 27% to historic high on robust Q4 results
    Palantir Technologies Inc. shares kept surging to a record high on Tuesday following strong fourth-quarter results. The company reported a 36% annual revenue increase to $828 million, surpassing forecasts, with net income rising 10% to $79 million and EPS at $0.03.The firm mentioned US revenue led...
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