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The Latest Breaking News from US Steel

Pennsylvania steel workers, wooed by Harris and Trump, remain skeptical

The future of US Steel hangs in the balance amid a proposed sale to Japan’s Nippon, which both candidates have vowed to block

The Guardian - US

US Steel CEO Says Sale To Nippon Must For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

Latin Times

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

International Business Times

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How U.S. Steel's long, painful decline turned into a political lightning rod

Unions, Japanese takeovers, and Pennsylvania have all conspired to make the proposed deal for U.S. Steel a hot election year issue.

Fortune

Decision on US Steel takeover by Nippon delayed until after election

The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.

International Business Times

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

International Business Times

President Biden's Decision On Nippon Steel Deal Impacting Union Workers

Senator Fetterman stands with union workers in steel deal blockage, emphasizing their welfare and voices.

Top News

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Tech Stocks Lower Despite Dovish Payroll Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.63%. Stocks are mixed today, with the Nasdaq 100 falling to a 3-1/2 week low....

Barchart

White House Signals Openness To Blocking U.S. Steel Acquisition

The White House considers blocking Nippon Steel's acquisition of U.S. Steel amid national security concerns and opposition from key figures.

Top News

Washington attacks on Nippon’s bid for U.S. Steel puts ally Japan’s spot in ‘friends and family list’ into doubt

“If the U.S. draws up a friends and family list and Japan is not on that list, then I’d question [what country] would make that list.”

Fortune

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

International Business Times

Harris Gears Up For Debate As Trump Talks Economy

Vice President Kamala Harris travels to the crucial battleground state of Pennsylvania on Thursday, where she will reportedly spend five days preparing for next week's presidential debate.

International Business Times

Leave U.S. Steel Alone

Joe Biden, Donald Trump, Kamala Harris, and J.D. Vance agree that U.S. Steel needs to be controlled from Washington. They are all wrong.

Reason

US Steel Warns Plants Could Close Without Nippon Sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

International Business Times

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International Business Times

Nippon Steel Ensures U.S. Leadership In Proposed U.S. Steel Takeover

Nippon Steel revealed that majority of the board of directors of U.S. Steel will be Americans in case the deal pushes through.

Barchart

Stocks Close Sharply Lower as Chipmakers and Energy Stocks Plunge

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -2.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -3.15%. Stocks sold off sharply on Tuesday, with the S&P 500 posting a 2-week low...

Barchart

Stocks Slump on Weakness in Chipmakers and Energy Stocks

The S&P 500 Index ($SPX ) (SPY ) today is down -1.52%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.28%. Stocks today are sharply lower, with the Nasdaq 100 sliding to a 2-1/2 week...

Barchart

Stocks Decline Ahead of US Manufacturing News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.76%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.54%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.16%. Stocks today are moderately lower as they await fresh US economic news that will...

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The Guardian - US

Harris campaign to transfer $25m to down-ballot Democrats – live

Kamala Harris ‘believes that this race is about mobilizing the entire country’, the campaign said in a statement about the fund transfer

International Business Times

Harris Opposes Sale Of US Steel To Japan's Nippon, Says Firm Should Stay 'American-Owned'

Vice President Kamala Harris expressed her opposition on the planned sale of U.S. Steel to Nippon Steel.

France 24

Kamala Harris says US Steel should remain domestically owned

US vice president and presidential candidate Kamala Harris used a Labor Day speech to criticise a deal that would see American steelmaker US Steel taken over by Japan's Nippon Steel. The $14.1 billion takeover was agreed to in principle in December of last year but has come under heavy criticism…

Al Jazeera

Biden joins Harris at first joint election campaign stop since leaving race

Harris aims to boost union support at Pittsburgh event with Biden, who last year joined workers on the picket line.

Top News

US Steel Acquisition By Nippon Steel Approved

Vice President Harris and President Biden support US Steel remaining American-owned, opposing its sale to Japan's Nippon Steel due to national security con...

The Guardian - US

Harris and Biden pitch for steel votes in Pittsburgh in first joint appearance on campaign trail

Kamala Harris and Joe Biden join forces in Labor Day outing, their first joint event since Harris accepted Democratic nomination for presidency

Top News

Vice President Harris Supports Keeping US Steel American-Owned

Vice President Kamala Harris and President Joe Biden stand against the sale of US Steel to Nippon Steel, emphasizing the importance of American-owned steel...

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