Why Is a $116B Mining Giant Backing a $10M Firm?

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

AP Business News Digest

JONEL ALECCIA
November 24, 2025

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

US--Thanksgiving-Food Prices

Stores keep prices down in a tough year for turkeys. Other Thanksgiving foods may cost more

SUMMARY: Bird flu and another disease have shrunk the U.S. turkey population to a 40-year low this year. Wholesale turkey prices are expected to be up more than 40% as a result. But shoppers preparing for Thanksgiving may not see higher prices themselves because many grocers are offering discounted or even free turkeys to get customers in the door. Market research company Datasembly expects the 10 holiday meal staples it tacks to cost 4% more overall. Canned cranberry sauce had the biggest price increase after drought impacted production and new tariffs on steel made cans more expensive. Pricing out a Thanksgiving dinner isn't an exact science, though, and the firm's tally differed from other estimates.

WORDS: 1072 - MOVED: 11/23/2025 9:19 p.m. EST

https://newsroom.ap.org/detail/StoreskeeppricesdowninatoughyearforturkeysOtherThanksgivingfoodsmaycostmore/5754f2e4c7ca8747b75a4b3efe15297f/text

___

Financial Markets

Wall Street points higher to kick off holiday-shortened trading week

SUMMARY: Wall Street was poised to kick off the holiday-shortened trading week with gains following last week's bumpy ride. Futures for the S&P 500 were up 0.5% before the bell Monday, while futures for the Dow Jones Industrial Average ticked up 0.2%. Nasdaq futures jumped 0.7%. This week, U.S. markets will be closed Thursday for the Thanksgiving holiday, which will be followed by the Black Friday and Cyber Monday retail rushes. Novo Nordisk shares tumbled 10% after the Danish drug maker reported that its Alzheimer's drug failed to slow progression of the disease in a trial.

WORDS: 461 - MOVED: 11/23/2025 11:20 p.m. EST

https://newsroom.ap.org/detail/WallStreetpointshighertokickoffholidayshortenedtradingweek/4aae117f7a02df19b82dcf1b5f58fd27/text

___

AS--China-Flying-Cars

Takeoff of China's flying taxis hits turbulence

SUMMARY: Chinese companies are rushing to deploy low-flying vehicles and drones for various uses as the country finds innovative ways to drive its economy. Flying taxis, once a sci-fi dream, are being tested in southern China, where pilotless, oval-shaped crafts hover like mini helicopters. In Shenzhen, which neighbors Hong Kong, food-delivery drones already are part of daily life and a novelty attraction for tourists. The industry is growing with support from the government, but strict airspace controls, battery limitations and other obstacles are hindering the rise of the low-altitude economy. Analysts say the industry is still in its early stages and more obvious successes in commercialization may take years.

WORDS: 1141 - MOVED: 11/23/2025 8:30 p.m. EST

https://newsroom.ap.org/detail/TakeoffofChinasflyingtaxishitsturbulence/72e7eb6883bd0b865a05cbb041d505fb/text

___

US--Trump-Tariffs-Tea

Tea tariffs once sparked a revolution. Now they are creating angst

SUMMARY: President Donald Trump's decision to back down from some tariffs is being celebrated by tea importers, who say the levies have been devastating this year. But the nature of the business means some prices could still rise. That's because much of next year's tea supply was already imported to the U.S. before tariffs were halted. The U.S. relies on foreign growers for nearly all of its tea and its history is uniquely entwined with tea tariffs. British Parliament's decision to begin taxing American colonists' tea sparked the revolt known as the Boston Tea Party and helped lead to the revolution that brought independence.

WORDS: 1042 - MOVED: 11/21/2025 2:07 p.m. EST

https://newsroom.ap.org/detail/TeatariffsoncesparkedarevolutionNowtheyarecreatingangst/9ea92d8d87c3afd233356ac728de41c0/text

___

<END>

Continue Reading...

Popular

EPAM Confident On Growth, Initiates $1 Billion Stock Buyback

EPAM Systems (EPAM) stock gained 4.41% after reporting strong third-quarter 2025 results, with sales of $1.394 billion.

Wendy's to close hundreds of US stores in bid to halt falling profit

Wendy’s plans to close hundreds U.S. restaurants over the next few months in an effort to boost its profit.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

AP mapping shows France's poorest regions backing Le Pen's party as support for Macron wanes

PARIS (AP) — The date was May 7, 2017. Addressing cheering supporters, the newly elected leader of France, , made a promise that now, in his waning 18 months as president, lies in tatters.

Trump-Pardoned Ponzi Schemer Faces 37-Year Sentence For $44 Million COVID Scam

A previously convicted Ponzi schemer who had received a pardon from President Trump is heading back to prison due to involvement in a new fraudulent scheme.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trump-Established Bitcoin Reserve And 'Digital Asset Stockpile' May Be Underwater

The “strategic national digital assets stockpile” established by the Trump administration is likely facing unrealized losses, a new report shows.

Nvidia, AMD Lead Semiconductor Rally After Taiwan Semiconductor's Strong October Sales

Semiconductor stocks rise as tech giants reaffirm commitment to AI-driven investment and Taiwan Semiconductor reports strong revenue growth.

Global Demand for Defense Metals Is Surging 7X - Ad

Lithium, uranium and titanium are at the center of a global race. Nations are scrambling to secure them for fighter jets, EVs, and reactors. One N. American project could help fill the West's critical-minerals gap.

China announces restrictions on chemicals after deal with Trump on fentanyl tariffs

WASHINGTON (AP) — China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President during recent talks with Chinese leader as they aimed to .

Trump's New Plan to Avert a Debt Crisis - Ad

While the media focuses on tariffs and tax cuts, Trump quietly signed Senate Bill 394 - legislation that could end the debt crisis, fight inflation, and restore dollar supremacy. Wall Street insider Louis Navellier says this new law will affect how you spend, invest, and save for years to come.

Amazon Strikes $38B OpenAI Deal, Wedbush Hikes Target To Street-High

Wedbush analysts Dan Ives and Scott Devitt raise the price target on Amazon stock from $330 to a Street high of $340

Asian shares advance as tech shares rebound from AI jitters

BANGKOK (AP) — Asian shares advanced on Monday, lifted by technology shares as they rebounded from last week’s jitters over the run up in stocks related to artificial intelligence.

All 4 Major Banks Race to Adopt 'Trump Dollars' - Ad

JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup are all rushing to adopt a new, upgraded version of the U.S. dollar that President Trump authorized this past summer. But acclaimed analyst, Louis Navellier, believes this isn't just a minor upgrade - it's a complete transformation to American money.

Apple's Satellite-Powered Features for iPhones: A Journey Spanning Over A Decade

Apple continues to make strides in its decade-old satellite connectivity project. The tech giant is reportedly developing a range of innovative features to enhance its satellite services.

The U.S. Wants Metal Independence - And This Nevada Opportunity Fits the Moment - Ad

Washington's push for domestic copper, silver, gold, and tungsten is reshaping the resource landscape. Their neighbor's multi-metal hits, supported by $6M in federal funding and a 300%+ YTD surge, confirmed this Nevada corridor is the right kind of ground. Now another early-stage explorer has stepped into the same trend as interest accelerates.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

Why Is Phio Pharmaceuticals Stock Soaring Today?

Shares of Phio Pharmaceuticals Corp. (NASDAQ: PHIO) are rising Monday after the company provided an update on an ongoing medical trial.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

iPhone Pocket, China Sales, $600 Million Patent Case And More: This Week In Appleverse

Apple made headlines this weekend with a record-breaking TV drama, a viral new accessory, surging iPhone 17 sales in China, and a major $600 million patent ruling.

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

America Wants Less Reliance on Foreign Metals - And This Nevada Play Fits the National Shift - Ad

The U.S. is working to reduce dependence on China and Russia for strategic metals like copper, silver, gold, and tungsten. Guardian Metal's recent results confirmed these metals are active in this Nevada corridor - and its stock is up 300%+ YTD. A new explorer on the same belt is entering early as America pivots back to domestic supply.

What Taxpayers Need To Know Now That The IRS Has Scrapped Direct File For 2026

IRS Direct File, free online tax-filing tool launched by Biden, won't be offered next year despite 296,531 users in 2025. Republicans criticize as wasteful, but supporters say it saves time and money. Taxpayers can still use private software or IRS Free File for eligible filers.

Hedera Gets Its First ETF: Canary's HBAR Fund Lets Investors Tap Into The Tokenization Boom

Canary Capital Group’s new fund, the Canary HBAR ETF (NASDAQ:HBR), launched on Oct 28, marking a significant expansion of investors’ access to digital assets outside of Bitcoin and Ethereum.

Why Is a $116B Mining Giant Backing a $10M Firm? - Ad

Rio Tinto rarely makes early-stage bets. Yet one small N. American firm earned its trust with projects in lithium, uranium, and titanium - all vital to U.S. defense and energy independence.

Asian shares trade mixed after AI darlings prop up Wall Street

TOKYO (AP) — Asian shares were trading mixed on Tuesday after overseas markets got a big lift from optimism over AI technology.

Elon's New Device Could Launch Biggest IPO of the Decade - Ad

Elon Musk's new device is being called a "game-changer"-and even the White House is using this tech. Jeff Brown says it could launch Musk's next trillion-dollar company and make early investors rich. You can claim a stake now for as little as $500.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Nvidia-Backed Figure AI Sued By Former Safety Engineer Claiming Dangerous Robots And Fraudulent Cuts To Safety Plan

A former Figure AI safety engineer has filed a whistleblower lawsuit claiming he was fired after warning that the company's humanoid robots posed serious injury risks and that key safety measures were weakened following a $39 billion funding round, while the company denies wrongdoing.

BBC leaders to face lawmakers' grilling over its standards after Trump threatened to sue

LONDON (AP) — The BBC's chairman and other senior leaders will face tough questions on its editorial standards from lawmakers on Monday after U.S. President Donald Trump threatened to file a over a of his speech.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service