Freeport-McMoRan Inc
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Materials : Metals & Mining | Large Cap Value
Company profile

Freeport-McMoRan Inc. (FCX) is a mining company. The Company operates through geographical assets with proven and probable reserves of copper, gold and molybdenum, and traded copper producer. The Company's segments include refined copper products, copper in concentrate, gold, molybdenum, oil and other. The Company's segments include the Morenci, Cerro Verde, Grasberg copper mines, the Rod & Refining operations and the United States (U.S.) Oil and Gas Operations. The Company has organized its operations into five divisions, which include North America copper mines, South America mining, Indonesia mining and Molybdenum mines. The Company's portfolio of assets includes the Grasberg minerals district in Indonesia, copper and gold deposits, and mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America.

Price
Delayed
$30.88
Day's Change
0.825 (2.75%)
Bid
--
Ask
--
B/A Size
--
Day's High
31.28
Day's Low
30.79
Volume
(Heavy Day)

Today's volume of 5,370,184 shares is on pace to be much greater than FCX's 10-day average volume of 17,378,471 shares.

5,370,184

TikTok moves U.S. user data to Oracle servers

1:15 pm ET June 17, 2022 (MarketWatch)
Print

By Jon Swartz

TikTok working with Oracle to develop data management protocols

TikTok has moved the information of its American customers to servers at Oracle Corp. to appease U.S. regulators and their worries over data integrity on the popular video app, Oracle told MarketWatch on Friday.

"For more than a year, we've been working with Oracle (ORCL) on several measures as part of our commercial relationship to better safeguard our app, systems, and the security of U.S. user data," Albert Calamug, U.S. Security Public Policy at TikTok, said in a blog post.

"In addition, we're working closely with Oracle to develop data management protocols that Oracle will audit and manage to give users even more peace of mind," Calamug added.

Nearly two years ago, a U.S. national security panel ordered ByteDance to divest TikTok out of fears that the data of U.S. users could be passed to the Chinese government.

The White House and U.S. Treasury were not immediately available for comment.

Oracle's stock slipped 0.3% in afternoon trading Friday. It has dropped 21.5% year to date, while the S&P 500 index has shed 22.5%.

-Jon Swartz

	

(END) Dow Jones Newswires

June 17, 2022 13:15 ET (17:15 GMT)

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