May 21, 2023

The Japanese economy is booming, wages are surging, the stockmarket is at levels not seen in three decades and the outlook is its most upbeat in years. And, yes inflation is high – at levels that are very un-Japanese – costs are rising, not flat or falling into deflation as they have been for much […]

Newmont has come and gone after snatching Newcrest (ASX:NCM), Genesis may have saved its Leonora marriage with struggling bride St Barbara and, while there are a few other smaller bids and deals, the outlook for gold mergers and acquisitions in Australia will be small beer from now on as life as a pure gold miner

So why is Warren Buffett’s Berkshire Hathaway still sitting on a $US1.5 billion paper loss on a 15% stake in Paramount Global, the former Viacom and CBS groups (and owner of the Ten Network in Australia) controlled by Shari Redstone, especially when Paramount+, the company’s cash eating streaming video business is something Buffett clearly doesn’t

As the US debt ceiling talks drag on towards the June 1 We’re out of money! deadline set by the American Treasury, big global investors are cashing up – which is not unexpected. Late in the week markets became optimistic that a deal is imminent, but no one should put their trust in any deal

US oil and gas production will soon start sliding after drillers shut down a surprisingly large number of rigs for the second week in a row. Two Friday’s ago, it was news that 17 gas drilling rigs had been closed that surprised – last Friday it was news that energy companies had shut down 11

Silver Lake Resources (ASX:SLR) won’t go away and is adding more pressure on St Barbara to break its wedding banns with Genesis Minerals and sell its Leonora gold mining assets. Of course, the buyer of choice is Silver Lake which wants to buy the Gwalia and other assets at Leonora that have almost sunk St

Stocks fell Friday as GOP negotiators halted ongoing debt ceiling negotiations, stoking doubt of a deal being reached soon. However, the S&P 500 notched its best week since March. The Dow Jones Industrial Average dropped 109.28 points, or 0.33 per cent, to 33,426.63. The S&P 500 slipped 0.14 per cent to 4,191.98. The Nasdaq Composite

Wall Street stocks fell Friday as Republicans twice halted the debt ceiling negotiations, stoking doubt about a deal being reached before the June 1 deadline. But the S&P 500 still had its best week since March, while in Tokyo the Japanese stockmarket went booming onwards and upwards. The Dow dropped 109.28 points, or 0.33%, to

It might look a quiet week ahead on paper, but the big issue will be the US debt ceiling negotiations and possible vote sometime in the next few days. The talks were off, then back on Friday night and then off again and no one knows what will happen. The Republicans see this as their