Barrick Mining’s interim CEO Mark Hill confirmed the company remains fully committed to the $7 billion Reko Diq copper-gold project in Pakistan, after speculation it might pull out. 📌 Reko Diq — one of the world’s largest undeveloped copper deposits• 50/50 partnership between Barrick and Pakistan• Production expected by end-2028• Adds 13 million oz to...
U.S. tech stocks continue to dominate market gains — but their earnings contribution is slipping, widening a valuation gap that analysts warn could amplify downside risk. 📉 Tech share of S&P 500 earnings:• 20.8% in Q3, down from 22.8% three quarters earlier. 📈 Tech share of S&P 500 market cap:• 31.1%, up from ~30% at...
Alphabet is poised to hit a historic $4 trillion market valuation, driven by a powerful year-long rally and the company’s intensified focus on AI innovation across Google’s ecosystem. Shares rose 4.1% to $331.70 in premarket trading on Tuesday — enough to push the tech giant past the milestone at the opening bell. If achieved, Alphabet...
Australia’s Federal Court has ordered United Super—trustee of the Construction and Building Unions Superannuation Fund (Cbus)—to pay A$23.5 million (US$15.17 million) for systemic failures in processing death and disability insurance claims, the Australian Securities and Investments Commission (ASIC) announced on Tuesday. The breaches affected more than 7,000 claimants, with delays in handling death benefits and...
Blue Owl Capital is quietly evaluating whether to revive its previously cancelled plan to merge OBDC (public BDC) with Blue Owl Capital Corporation II (private BDC) — but only if OBDC’s share price rises back toward NAV, according to people familiar with the matter. The merger was abandoned last week after the plan — which...
Grindr has terminated discussions on a $3.46 billion take-private bid led by its largest shareholders, Ray Zage and James Lu, after the special committee said the bidders failed to provide clear details on financing and timing. Market reaction: Shares fell ~10% premarket.Zage and Lu collectively control 60%+ of outstanding stock. Grindr said it remains confident...