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Mitsui to Acquire 40% Stake in Rhodes Ridge Iron Ore Project for $5.34 Billion

Japanese trading house Mitsui will acquire a 40% interest in the Rhodes Ridge iron ore project in Australia for $5.34 billion. Rhodes Ridge is one of the world's largest undeveloped iron ore deposits with 6.8 billion tons of mineral resources.

Chevron Plans Job Cuts of 15% to 20% to Boost Efficiency

Chevron plans to cut 15%-20% of its global workforce, impacting up to 9,000 employees, as part of a cost reduction strategy aiming for $2-$3 billion in savings by 2026 to enhance efficiency and competitiveness.

GEG Reports Second-Quarter Net Income of $1.2 Million

Great Elm Capital Group reports net income of $1.2 million in fiscal Q2, with EPS of 4 cents on revenue of $3.5 million.

Spotify Earnings Preview: Wall Street Expects Strong Subscriber Growth Amid Price Hikes

Spotify is set to report its fourth quarter earnings on Tuesday, with analysts expecting continued strong growth in subscribers and revenue. The company recently made a deal with Universal Music Group and has been expanding its offerings to include audiobooks and podcasts. Wall Street analysts have a median price target of $517 for Spotify shares, with 29 Buy ratings, nine Holds, and three Sells.

Stocks Advance With Oil Down as Trump Calls for Rate Cuts

Stocks hover near highs as oil falls amid Trump's interest rate cut push and OPEC plea. While equities see mild gains, chipmakers selloff and Bitcoin rises.