Federal Reserve Bank of Cleveland President Beth Hammack said Tuesday that the U.S. banking system is in good health while expressing concerns about borrowing levels in the Treasury market. “The banking system looks pretty good,” Hammack stated during an appearance in Columbus, Ohio. She noted that high levels of government borrowing are prompting hedge funds ...
Northwest Europe In the ARA hub, supplies of VLSFO and LSMGO are tight for prompt delivery dates, with buyers advised lead times of between 5-7 days, a trader told ENGINE. HSFO is available more readily with a notice of 2-4 days, the trader added. The ARA’s independently held fuel oil stocks have slipped 7% in ...
Faith Guitars has launched their updated FX Series of guitars with two new handmade, all-solid-wood electric-acoustic models offering striking exotic tonewoods, enhanced playing comfort, and upgraded cosmetic detailing.Originally conceived as an exploration of exotic wood colouration techniques, the Faith FX Series has become known for visually remarkable, tonally rich instruments crafted from Solid Figured Javanese Mango. The two newly updated FX models – the FX Dark Natural Gold and FX Moondust Grey – retain their all-solid Mango construction, ebony fittings, and ‘Neptune’ Baby-Jumbo Cutaway design, while introducing significant new features designed to enhance player comfort and visual appeal.Each updated FX model now features a beautifully sculpted Figured Maple ergonomic forearm contour, introduced to maximise long-playing comfort both on stage and at home. This new contour is paired with upgraded Figured Maple binding and a matching Figured Maple soundhole rosette. • Faith FX Neptune Cutaway Electro Dark Natural Gold [FNCEDNG]: Finished in a warm, deep golden-brown transparent stain that highlights the natural grain complexity of the figured Mango, ensuring each guitar remains a unique piece.• Faith FX Neptune Cutaway Electro Moondust Grey [FNCEMD]: A dramatic onyx-black, grey-washed finish that allows the Mango figuring to shine through with subtle depth and dimension. FX Exotic Series | 2026 | Faith GuitarsHere's the newly upgraded Faith FX Series! New for 2026, a beautiful, Figured Maple ergonomic forearm contour has been introduced to the guitar body to maxim...Both FX models feature:– Solid Figured Javanese Mango top, back & sides– Indonesian Ebony fingerboard & bridge– Grover Rotomatic machineheads with Ebony buttons– Graphtech TUSQ nut & saddleFaith FX models come equipped with the Fishman INK3 preamp system, offering 3-band EQ, an onboard tuner, and a low-profile design paired with a Fishman Sonicore undersaddle pickup. This ensures the FX Series delivers the same tonal richness and clarity amplified as it does acoustically. The Faith FX models each carry a $1,569 street price. For more information visit faithguitars.com.
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Dallas Federal Reserve President Lorie Logan expressed cautious optimism Tuesday that the current policy rate will guide inflation toward the Fed’s 2% target while maintaining labor market stability. Speaking in Austin, Texas, Logan indicated that if economic data confirms this trajectory in coming months, “our current policy stance is appropriate and no further rate cuts ...
The Georgia Ports Authority welcomed the announcement of a new trade agreement between the U.S. and India, opening the way for increased business between the two countries. “This is excellent news for American exporters and consumers, for Georgia and for our customers,” said GPA President and CEO Griff Lynch. “GPA has long thought India will ...
Kansas City Federal Reserve President Jeffrey Schmid cautioned on Wednesday that the U.S. central bank should maintain tight monetary policy as economic growth remains strong and inflation elevated. Speaking at an economic forum in Albuquerque, New Mexico, Schmid said, “With inflation still running hot, it appears that demand is outpacing supply across much of the ...
The Global Legal Entity Identifier Foundation (GLEIF) and AEOTrade (Beijing) Technology Co., Ltd. (AEOTrade) have entered into a Memorandum of Understanding (MoU). Together, they will explore how verifiable organizational identity can promote the development of an open, inclusive, and secure infrastructure for trusted global digital trade. AEOTrade is a technology enterprise serving the trade industry. ...
SRC has named new general managers for its Automotive and Heavy Duty divisions, along with a sales and marketing promotion.
These are the ones that held up long-term
From grounded to global: The A380's resurgence defies critics as demand soars, but what's next?
Boston Dynamics' Atlas models are unveiled on stage at CES 2026 in Las Vegas on Jan. 5. [HYUNDAI MOTOR] What powered Atlas, the humanoid robot developed by Hyundai Motor Group affiliate Boston Dynamics, had been a mystery. But not anymore. A battery made by LG Energy Solution powers Atlas and has done so since its early development, according to industry sources on Wednesday. The company is also known to supply batteries for Tesla's Optimus, also known as the Tesla Bot. With both Tesla and Hyundai Motor — two of the most closely watched players in the humanoid robotics sector — as clients, attention is growing over whether robot batteries could become a new growth driver for LG Energy Solution amid a slump in EV demand. Related ArticleBoston Dynamics' Atlas robot moves more like a gymnast than machine in new footage Optimus joins Tesla’s line, but Atlas can’t even cross Hyundai’s plantBoston Dynamics' market value likely exceeds $20 billion due to Atlas robotAs Hyundai moves to adopt Atlas robots, autoworkers fear for their futureBoston Dynamics opens pilot line for up to 1,000 Atlas robots, taps Google Gemini AI Speculation had mounted over which battery maker would supply Atlas after the robot drew widespread attention at CES 2026. Some had expected Samsung SDI — which provides batteries for Hyundai’s autonomous mobility robot platform MobED — to win the deal. Instead, Boston Dynamics chose LG Energy Solution, which had previously supplied batteries for its quadruped robot, Spot. Batteries are a critical component in humanoid robots, determining operating time and range. Unlike EVs, which have sufficient room to spread battery packs across the chassis floor, humanoid robots have limited internal space and therefore require high-energy-density ternary batteries. A visitor looks at LG Energy Solution’s next-generation 46-series cylindrical battery at the company’s booth during InterBattery 2025, which opened at Coex in Gangnam District, southern Seoul, on March 5, 2025. [NEWS1] Atlas is equipped with LG Energy Solution’s 46-series cylindrical ternary battery cells. Industry officials say only a handful of companies — including LG Energy Solution, Samsung SDI and Japan’s Panasonic — are capable of mass-producing high-performance ternary batteries. “The key is how much output can be generated within a limited volume roughly the size of a human torso,” said Yoon Moon-su, an assistant professor of battery engineering at Gachon University. “Korean firms with strong capabilities in ternary batteries have an advantage.” LG Energy Solution said during a conference call on Jan. 29 that it supplies batteries to more than six customers in the robotics sector. On Wednesday, CEO Kim Dong-myung said at a general meeting of the Korea Battery Industry Association that the company has partnerships with “robot makers that most people are familiar with.” Industry sources believe the client list includes not only Tesla and Hyundai but also Chinese robotics firms. LG Energy Solution declined to disclose specific customers. For now, humanoid robot batteries are unlikely to generate revenue on a scale sufficient to offset the EV slowdown, as most humanoid robots remain in development and batteries account for only about 2 percent of a robot’s total production cost. An Atlas robot stands on the stage during a Hyundai and Boston Dynamics news conference ahead of the CES tech show, on Jan. 5, in Las Vegas. [AP/YONHAP] Still, the battery industry sees robotics as a long-term growth engine. Market research firm SNE Research projects that global shipments of humanoid robots will surge from 690,000 units in 2030 to 53.3 million units in 2040, with the robot battery market expanding to $10.5 billion by 2040. Expectations are particularly high for Atlas, which is slated to be deployed at Hyundai Motor’s U.S. plants starting in 2028. “Atlas is well-suited for manufacturing facilities and can be seen as more practical than service-oriented robots like Optimus or entertainment-focused Chinese robots,” said Lim Eun-young, an analyst at Samsung Securities. “With the United States seeking to curb reliance on Chinese batteries, Korean battery makers could find new opportunities within a U.S.-led humanoid robot supply chain,” said Hwang Kyung-in, a research fellow at the Korea Institute for Industrial Economics & Trade. This article was originally written in Korean and translated by a bilingual reporter with the help of generative AI tools. It was then edited by a native English-speaking editor. All AI-assisted translations are reviewed and refined by our newsroom.BY NAM YOON-SEO, LEE SU-JEONG [shin.minhee@joongang.co.kr]