Online trading startup Robinhood announced Monday it raised $200 million in its latest fundraising round, marking the company’s third cash infusion over the past four months as day trading surged during the pandemic. The Menlo Park, Ca.-based financial technology firm’s Series G round raised its valuation to $11.2 billion. Venture capital firm D1 Partners led the latest round for Robinhood,...
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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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