US Steel

The U.S. government will retain significant control over United States Steel Corp. (NYSE:X) through a golden share arrangement as part of Nippon Steel Corp.‘s (OTC:NPSCY) proposed $14.9 billion acquisition, according to Sen. David McCormick (R-Pa.). What Happened: The golden share mechanism...

Shares of United States Steel Corp. (NYSE:X) gained 16% on Monday after U.S. President Donald Trump ordered a new review of its blocked acquisition by Japan’s Nippon Steel by former President Joe Biden, citing national security concerns early this year. What Happened: The White House...

During a Friday White House meeting with Japanese Prime Minister Shigeru Ishiba, President Donald Trump hinted that he may be weighing the possibility of allowing Japan's Nippon Steel (OTC:NPSCY) to proceed with its $14.1 billion acquisition of U.S. Steel (NYSE:X), despite his previous opposition...

President-elect Donald Trump will soon return to the White House and begin his second term. In contrast to 2016, when he was a "political question mark," the international community is now bracing for his protectionist trade policy stances. Although tariffs present a risk for multinational...

President-elect Donald Trump has reiterated his opposition to the acquisition of United States Steel Corp. (NYSE:X) by Japan’s Nippon Steel Corp. (OTC:NPSCY) in a Truth Social post on Monday. What Happened: Trump stated his intention to prevent the deal, emphasizing his commitment to...

Vice President Kamala Harris has expressed her support for American ownership of United States Steel Corporation (NYSE:X), amidst ongoing foreign acquisition attempts. What Happened: On Monday, Harris, the Democratic presidential nominee, took to X to voice her opinion on the future of U.S. Steel....

In the face of mounting resistance from the Biden administration and the United Steelworkers (USW) union, Nippon Steel Corp (OTC:NISTY) is intensifying efforts to secure the acquisition of United States Steel Corp (NYSE:X). What Happened: Vice Chairman Takahiro Mori of Nippon Steel is set to return...

Amid rising tensions over foreign investments in key industries, a U.S. Senator has urged the Biden administration to scrutinize a major steel industry deal. What Happened: The chair of the U.S. Senate Banking Committee has prompted the White House to investigate Nippon Steel‘s potential...

The prospect of former President Donald Trump returning to the White House is reportedly causing unease among Japanese businesses. What Happened: A Reuters poll, conducted from Feb. 6 to Feb. 16, 2024, reveals that nearly half of Japanese companies perceive a potential Trump presidency as a...

Donald Trump’s recent announcement to impede Nippon Steel’s (OTC:NPSCY) proposed acquisition of United States Steel (NYSE:X) could have significant implications for Japan. The potential failure of the $15 billion deal may prompt Japanese companies to adopt a more cautious approach to...

As the week leading to Christmas begins, Wall Street continues its upward trajectory, with major indices like the S&P 500 and Nasdaq 100 showing gains on Monday. The S&P 500 rose 0.45% to 4,740, while Nasdaq gained 0.62% to 14,905.19 for the day. Transitioning from the broader market, let...

The U.S. and the EU are on the verge of a groundbreaking partnership aimed at countering China’s burgeoning steel surplus. This audacious move not only seeks to curb excess steel production, but also aims to bury the hatchet on a long-standing trade dispute that traces its roots back to the...

The cover story in this weekend's Barron's shares the results of the latest Big Money Poll. U.S. money managers share their outlook for interest rates, the economy and more, including stock picks for the next 12 months. Other featured articles offer various Barron's stock...

After China devalued its currency, some United States Steel Corporation (NYSE: X) investors are left more confused than ever. Will U.S. government protectionist measures (and cost-cutting initiatives) be enough to fight back against deflationary pressures from China? Gordon Johnson of Axiom...