Jack Dorsey’s financial service firm Square is making a left turn into a completely new business, music streaming. Square said Thursday it would spend $297 million in cash and stock to buy a majority ownership stake in Tidal, a music-streaming service owned by various musicians including Coldplay, Alicia Keys, Kanye West and Jay-Z. Square said the deal would extend its vision of “economic...
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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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