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 […]
Who among the Oz goldies might be the next pumpkin? Read More »
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
Buffett’s next move of paramount importance to media stalwart Read More »
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
Cash becoming king as US Government stash dries up Read More »
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
Commodities Corner: A massive turn-off Read More »
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
Third wheel intrigue leaves Leonora anything but spoken for Read More »
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
S&P500’s best week since March amid doubts of swift debt ceiling deal Read More »
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
Monday Market Minutes: Pregnant pauses Read More »
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
Diary: Take it to the limit, one more time Read More »
Immutep Limited (ASX:IMM) Executive Director and CEO Marc Voigt discusses the significance of recent announcements on the back of a recent surge in trading volume. Paul Sanger: We’re talking today with Immutep (ASX:IMM). The company is a leading biotechnology company. The stock has a code of “IMM” and a market cap of $215m. We’re joined
Immutep (ASX:IMM) reports positive discussions with the FDA and strong survival data Read More »
Dr Shane Oliver, Head of Investment Strategy & Chief Economist at AMP, discusses developments in investment markets over the past week, economic activity trackers, major global economic events and Australia economic events. Investment markets and key developments over the past week Global share markets generally rose over the last week helped by optimism that a
