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The Latest Breaking News from Lourenco Goncalves

Stock Market Today: S&P 500 Hits High After Verizon Earnings

The Nasdaq also notched a new high on Monday, while the Dow finished with a marginal loss.

Kiplinger

Cleveland-Cliffs CEO Credits Trump Tariffs For Q2 Steel Rebound

Cleveland-Cliffs Inc. (NYSE:CLF) reported second-quarter 2025 results Monday that showed narrowing losses and record steel shipments, as early benefits from its footprint optimization strategy began to materialize.

Benzinga

Cleveland-Cliffs Loves Trump Tariffs, Puts Up 'For Sale' Sign

Trump tariffs helped boost Q2 shipments to a record for Cleveland-Cliffs.

Investors Business Daily

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Cleveland-Cliffs CEO blasts ‘evil’ Japan, home of rival Nippon Steel: ‘You did not learn anything since 1945’

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Fortune

With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies

Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that will harm consumers and the economy.

Reason

Nucor, Steel Stocks Rise On Goldman Call, Tariff Hopes

Nucor stock and Cleveland-Cliffs rallied as prospects for U.S. steel companies brighten following the election of Donald Trump.

Investors Business Daily

Cleveland-Cliffs To Produce Transformers In West Virginia Facility

Cleveland-Cliffs invests 0 million to reopen Weirton facility, creating jobs and addressing transformer shortage in West Virginia.

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Meet 7 Fortune 500 CFOs under 40

The list has some rising stars, including a former professional tennis player.

Fortune

American industrial icon US Steel is on the verge of being absorbed as industry consolidates further

United States Steel Corp. seems poised to be soon purchased by a competitor, with two bidders revealed in a matter of days and more in the wings

The Independent UK

The Elon Musk of steel? Meet the Brazilian mogul who just bid $7.2 billion to bring two Fortune 500 giants together

Lourenco Goncalves has turned around Cleveland-Cliffs while tangling with Wall Street analysts and short-sellers, but now he wants U.S. Steel itself.

Fortune

AJC Exclusive: Norfolk Southern CEO reflects on Ohio derailment

ATLANTA — As a massive smoke plume soared into the sky from the controlled burn of a wrecked Norfolk Southern train in early February, even the company’s CEO Alan Shaw was alarmed. And he’s been working for the railroad for more than 28 years.

Tribune News Service

Minnesota Supreme Court rejects Mesabi Metallics' bid to keep critical iron ore leases

The Minnesota Supreme Court has upheld the state's decision to terminate mineral leases for Mesabi Metallics' long-delayed iron ore project near Nashwauk.

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