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Boston Metal set to expand in Brazil

Business Wire BOSTON — Boston Metal, a global metals technology solutions company, will deploy its molten oxide electrolysis (MOE) platform technology to recover high-value metals from mining waste in Brazil. Boston Metal do Brasil, a wholly owned subsidiary, opened in August and construction is underway on facilities in the municipality of Coronel Xavier Chaves near São João del Rei, Minas Gerais. Boston Metal’s patented MOE technology uses electricity to selectively extract valuable metals from complex, low-concentration materials that are currently considered waste. This ...

Coinbase to pay $100M in settlement with regulators

NEW YORK (AP) — New York announced a $100 million settlement with Coinbase on Wednesday over what state officials called significant failures in the cryptocurrency trading platform’s systems for spotting potential criminal activity. According to the state Department of Financial Services, Coinbase’s anti-money-laundering program and its system for monitoring transactions for suspicious activity were inadequate for a company of Coinbase’s size and complexity. The department said that the volume of alerts generated by Coinbase’s transaction monitoring system grew so fast that ...

Feds say railroad must deliver grain to California chickens

OMAHA, Neb. (AP) — Federal regulators have ordered Union Pacific railroad to make sure a livestock producer gets the grain it needs in California to prevent millions of chickens and hundreds of thousands of cattle from starving. The U.S. Surface Transportation Board told the railroad it must improve service to Foster Farms to keep it from running out of feed for livestock it raises. It’s is the second time in the past year regulators issued an emergency order related to delivery problems at Foster Farms, which is based in Livingston, California, as the railroad struggled with a ...

US job openings stayed high in sign of economic resilience

WASHINGTON (AP) — U.S. job openings slipped in November but remained high, suggesting businesses are still determined to add workers, a blow to the Federal Reserve’s efforts to cool hiring and wage gains. There were 10.46 million job vacancies on the last day of November, down slightly from 10.51 million in October, the Labor Department said Wednesday. Openings peaked at 11.9 million in March. Yet the figures show there are nearly 1.8 jobs for every unemployed person, down from a peak of 2 but historically very high. Before the pandemic, there were usually more unemployed people ...

Benson Hill announces divestiture of its business

Business wire Benson Hill, Inc. (NYSE: BHIL, the “Company” or “Benson Hill”), a food tech company unlocking the natural genetic diversity of plants, today announced that it entered into agreements to sell the assets and equity related to its Fresh business in a two-part transaction for an aggregate purchase price of $21 million, approximately $18 million of which was realized in gross cash proceeds in 2022, with the balance of the transaction expected to close in the second quarter of 2023. Today’s announcement represents the execution of an expected milestone as Benson Hill ...

Resolutions for advisors to improve their business

By Eric Reed For financial advisors, the new year is a great time to take stock and reset. The investment year is over. The tax harvest is in. Contribution limits have reset. And plenty of clients will be looking for a new approach. So what opportunities are there in the coming year? What were some of the mistakes from the past one? How can you improve in 2023? SmartAsset talked to Kristen Anderson, CEO and founder of the financial service for independent workers Catch, and financial planner Treyton DeVore, founder of AllStreet Wealth and Creatorbread, for their thoughts. Here ...