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Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption
Alcoa Plunges Most In Year After CFO Warns Alumina Unit "Will Be Underwater" Amid Hormuz Disruption
Alcoa shares in New York were hammered the most in over a year on Wednesday after CFO Molly Beerman warned investors that the company's alumina segment faces heavy losses from the energy shock and ongoing disruption at the Hormuz maritime chokepoint.
Beerman was blunt with investors while giving a presentation at the Wells Fargo Industrials & Materials Conference.
She said, "Our alumina segment is very pressured right now," adding, "The segment as a whole will be...
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Mar 7, 2026 / Tyler Durden
British Lawmaker's Husband Arrested On Suspicion Of Spying For China
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Weeks after China's mega-embassy opened in London (the one that's right next to all of their tappable communications cables), the husband of Labour Party whip Joani Reid was arrested over Chinese espionage concerns, prompting the lawmaker to step aside amid ongoing probes.
A member of the Metropolitan Police patrols the Oxford Street retail district in London on Oct. 2, 2025. Leon Neal/Getty Images
Reid's membership in the party is now under suspension while she remains an elected lawmaker, as her husband, 39-year-old David...
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Apr 9, 2026 / Tyler Durden
"That Is Not The Agreement We Have!" President Trump Slams Aya-TOLL-Ah Charging Fees For Hormuz Transit
"That Is Not The Agreement We Have!" President Trump Slams Aya-TOLL-Ah Charging Fees For Hormuz Transit
Summary:
Bibi says pursuing Lebanon ceasefire after reports of Trump pressure. Over 250 killed and 1,000+ wounded in Lebanon from Wednesday surprise attack by Israel's military. UAE, Pakistan, and even EU (Kallas) condemn.
Trump 'optimistic' a deal within reach (NBC). WH confirms Vice President Vance will lead Kushner-Witkoff delegation in Pakistan, seen as positive in Tehran and Islamabad.
Trump warns of more military action if Iran doesn't uphold 'real' ceasefire deal, after disagreement over Lebanon truce status...
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