Category: metals

JPMorgan to Pay $60 Million to Settle Precious Metals Spoofing Lawsuit

November 20, 2021
Business & EconomyCompaniesJPMorganlawsuitLocal NewsmetalsNew YorkNY NewsRegional-Local NewsspoofingUSUS News
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NEW YORK—JPMorgan Chase & Co. agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed from sprawling U.S. government investigations into a form of illegal trading in precious metals and U.S. Treasury…

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White House Denies Report That Biden Looks Overseas for Electric Vehicle Metals

May 26, 2021
Archivedelectric vehicleExecutive BranchmetalsNewsPoliticsreutersUSWhite House
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WASHINGTON—The White House reacted to a media report that stated President Joe Biden, to please environmentalists, is planning to import most of the metals needed for electric vehicle production instead of sourcing from U.S. miners. Reuters reported on May 25 that the United States would source metals from ally countries like Canada, Australia, and Brazil…

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High Levels of Toxic Heavy Metals Found in Some Baby Foods: Report

February 5, 2021
BabycongressFoodsHeavymetalsPoliticstoxicUSUS News
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WASHINGTON—U.S. congressional investigators found “dangerous levels of toxic heavy metals” in certain baby foods that could cause neurological damage, a House Oversight subcommittee said in a report released on Thursday. The panel examined baby foods made by Nurture Inc., Hain Celestial Group Inc., Beech-Nut Nutrition, and Gerber, it said, adding that it was “greatly concerned”…

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