Robinhood, the trading platform credited with bringing lots of new individual investors into the stock market, is discussing an IPO in the first quarter of next year, Bloomberg reported. The company has asked banks to pitch for underwriting roles, the story said. Robinhood raised $460 million in venture funding last month, following a $200 million funding round in August, with the most...
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The Electric electric vehicles
The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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