BHP Loses ‘The Last Throw Of The Dice,’ On Anglo American Acquisition
After a rollercoaster weekend, BHP (NYSE:BHP) has definitely walked away from the last-minute attempt to acquire Anglo American (OTC:AAUKF), weeks before its shareholders vote on a $53 billion merger with Teck Resources (NYSE:TECK). Despite repeatedly distancing itself from speculations throughout the year, the Australian commodities giant had quietly re-engaged Anglo’s management, according to Bloomberg. Reportedly, […]
Bill Ackman Plans Pershing Square, New Fund IPO For Early 2026: Report
Billionaire investor Bill Ackman is preparing a unique dual public offering that would take both his investment management firm Pershing Square, and a new investment fund public, according to a report published Friday. Ackman hopes for the IPO to take place early next year, the Wall Street Journal reported, citing people familiar with the matter. […]
China’s Secret Gold Play Fuels Goldman’s $4,900 Target
Goldman Sachs expects a significant wave of central-bank gold purchases for November. The bank’s outlook anticipates a continued shift in reserve management as policymakers hedge against geopolitical and financial risks. According to Reuters, Goldman’s latest estimates indicate 64 tons in September, a significant increase from the 21 tons projected for August. The estimate supports strong […]
Barrick’s Breakup Rumors, North America Versus The World
Barrick Mining Corporation (NYSE:B), one of the world’s largest gold producers, is allegedly weighing a potential breakup of the company. The split would create two companies — one centered on North America and another housing operations across Africa and Asia. Reuters first reported on the rumor, citing four people familiar with internal board discussion. The […]
Clearwater Analytics Stock Surges 19% After-Hours On Friday: What’s Going On?
Shares of Clearwater Analytics Holdings Inc. (NYSE:CWAN) jumped 19.43% to $22.99 a piece in trading after the bell on Friday, following a report that Warburg Pincus and Permira are in talks to acquire the investment and accounting software maker. A deal by the two private equity firms, which helped take Clearwater public in 2021, could come together within […]
Papa John’s Is Not First: Here Are 3 Other Stocks Rocked By Market-Moving Fake News
After Papa John’s International Inc. (NASDAQ:PZZA) became a centerpiece of fake news on Monday, the suspected incident of a “pump-and-dump” scheme is the latest in a long history of market manipulation plots that use fake news to deceive investors and algorithms. Here are three other notable cases where fake reports rocked publicly traded companies. Check […]
Eli Lilly, Novo Nordisk Stocks Rise on Reported $149 Obesity Drug Deal with White House
Eli Lilly and Company (NYSE:LLY) shares are in the spotlight following reports indicating the company is close to finalizing a White House agreement to provide its lowest-dose obesity medications at $149 per month, which could open the door to Medicare coverage and broader reimbursement options. What Happened: Eli Lilly and Novo Nordisk (NYSE:NVO) are reportedly […]
Apple Stock Is Trending Down: What’s Going On?
Apple Inc (NASDAQ:AAPL) shares are sliding on Monday after climbing to new highs last week. Here’s a look at what’s going on. AAPL shares are under pressure. See what the experts say here. What To Know: Apple investors appear to be circling a Bloomberg report focused on the year ahead for Apple. According to Bloomberg’s Mark […]
Apple Supplier Qorvo’s Shares Surge 11% Pre-Market On Tuesday — What’s Going On?
Shares of Apple supplier Qorvo (NASDAQ:QRVO) surged 11% in pre-market trade on Tuesday, after a report said rival Skyworks Solutions (NASDAQ:SWKS) held talks in recent months to buy the company. Qorvo’s $8 Billion Market Cap Skyworks, which supplies radio frequency chips to Apple (NASDAQ:AAPL) and other smartphone makers, has a market cap of about $11 […]
UnitedHealth’s Optum UK Draws Interest As Private Equity Firms Circle
The UK division of UnitedHealth Group‘s (NYSE:UNH) Optum, which operates the electronic patient record system EMIS used by most British general practitioners (GPs), is attracting private equity interest just two years after its acquisition. Several other major financial investors are reportedly in the early stages of evaluating potential bids for Optum UK. Sources familiar with […]