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The Latest Breaking News from US Steel

The U.S. Steel/Nippon Deal Should Be None of Joe Biden's Business

Both companies consented to the deal. Why should they have to get permission from the president to do business?

Reason

Biden opposes Japanese takeover of US Steel, touts ‘American steelworkers’

US president’s remarks come as he is seeking to shore up support in key swing state of Pennsylvania.

Al Jazeera

Stocks Fall on Bearish US Economic Reports and Sharp T-note Yield Rise

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.29%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.35%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.30%. Stocks on Thursday closed mildly lower on the bearish PPI and retail sales...

Barchart

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Biden opposes Nippon Steel takeover of U.S. Steel. It's an issue in some swing states

Former President Donald Trump has already said he would block the deal between U.S. Steel and its Japanese rival. Now President Biden is speaking out about it, too.

WEKU

Stocks Succumb to Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.13%. Stocks faded from early gains and are currently trading mildly lower on today's bearish PPI...

Barchart

Stocks Lower On Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) today is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.18%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.03%. Stocks are trading slightly lower after today’s bearish PPI and retail sales reports. The...

Barchart

Stocks Absorb Bearish PPI and Retail Sales Reports

The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.27%. Stocks are trading slightly higher despite today’s bearish PPI and retail sales reports. The...

Barchart

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Biden Opposes Nippon Steel Takeover Of US Steel

President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan.

International Business Times

Biden Opposes Nippon Steel Takeover Of US Steel: Statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

International Business Times

Biden Opposes Sale Of U.S. Steel To Japan

President Biden opposes the sale of U.S. Steel to Nippon Steel, citing concerns over American jobs and national security. The acquisition faces scrutiny am...

Top News

Biden Concerned Over Nippon Steel Deal For U.S. Steel

President Biden expresses concern over Nippon Steel's bid to acquire U.S. Steel, raising national security and industry implications.

Top News

Nippon Steel Exec Seeks USW Support For U.S. Steel Deal

Nippon Steel seeks USW union support for potential partnership with U.S. Steel to enhance competitiveness in the U.S. steel market.

Top News

China's Rise Justifies Sale Of US Steel

The United States needs allies like Japan to help manufacture steel. If Nippon Steel and U.S. Steel can join forces to become more productive in their collective operations and scale a competitive steel industry, it will benefit the national security of both nations.

International Business Times

Trump's Actions Prolong Troubles for Nippon-U.S. Steel Deal

The article discusses how President Trump's actions are causing complications for the Nippon-U.S. Steel deal, impacting Japanese companies.

Top News

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Nippon Steel Secures Massive Loan for U.S. Steel Acquisition

Nippon Steel's plan to acquire U.S. Steel is boosted by a potential billion loan from Japan's three major banks, supporting the strategic move.

Reason

Protectionism Ruined U.S. Steel

Another round of federal intervention to prevent its sale makes no sense.

Chicago Sun-Times

For the final days of 2023, a look back at the stories and trends in Chicago business

In the year of a receding pandemic, many routines returned to normal, but there still were hot topics galore to cover.

Top News

White House voices concern over Japanese takeover of U.S. Steel

Discover the concerns surrounding the acquisition of U.S. Steel by a Japanese-owned firm, raising issues of national security and supply chain reliability.

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International Business Times

White House Urges 'Serious Scrutiny' Of US Steel Takeover Deal

A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications.

International Business Times

US Steel, Nippon Steel Seek US Security Review Of Takeover Deal

US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday.

Top News

American consumer confidence hits highest level since July, recession fears fade

Americans' fears of a recession are fading as consumer confidence reaches its highest level since July. Despite rising prices, home sales are on the rise, ...

Top News

Steel Merger Delayed: US Politics Raise Concerns for Nippon Steel

United States politics throw a wrench in Nippon Steel's plan to acquire U.S. Steel, leaving investors anxiously awaiting the outcome. Read more here!

Fortune

Nippon Steel's Harvard-educated president explains his $14 billion deal for U.S. Steel: It's all about China and defending the 'free-competition world'

But U.S. lawmakers aren't quite so convinced that the Japanese company's drive to enter the U.S. steel industry is good for American security.

Reason

What J.D. Vance Could Learn From Reading Hillbilly Elegy

The senator used to know why the U.S. Steel/Nippon deal is nothing to fear.

The Guardian - US

Senator John Fetterman vows to block ‘outrageous’ $14.9bn US Steel sale

Former mayor of Pennsylvania town of Braddock has long advocated for rights of US steel workers

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