Understanding the Potential Impact of a Rio-Tinto and Glencore Mega-Merger Speculation Surrounding a Mining Powerhouse Over the weekend, the mining sector was electrified by the possibility of a merger between two industry titans, Rio Tinto and Glencore. Bloomberg first reported the tantalizing news on Friday, igniting discussions about what a deal could entail for the …
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Gold Prices Hold Steady Above $2,700 Amid Rising Housing Starts Gold prices are currently experiencing some profit-taking but still maintain a solid position above $2,700 an ounce. As the U.S. housing market demonstrates signs of stabilization, particularly with improved construction activity reported in December, investors are keenly observing this dynamic. According to the latest data …
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SLB Reports Strong Fourth-Quarter Earnings, Driven by International Growth Oil services company SLB, formerly known as Schlumberger Ltd, experienced a significant stock increase of 3% following its fourth-quarter earnings report, exceeding analyst expectations. The key driver of this success was the company’s robust international business, particularly in regions such as the Middle East, Asia, Europe, …
Why Rio Tinto Group (RIO) Is One of the Cheapest Stocks with Biggest Upside Potential On January 15, stock markets rallied following a promising report from the Consumer Price Index (CPI), which highlighted a slowdown in core inflation and robust earnings from major U.S. banks. According to the Bureau of Labor Statistics, core inflation, excluding …
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Why Mali Just Seized 3 Tons of Gold from Canadian Miner Barrick Introduction In a dramatic turn of events, the Canadian mining giant Barrick Gold Corp. has found itself embroiled in a bitter dispute with the government of Mali. This dispute has escalated to the point where Malian officials seized three tons of gold from …
Oil Rally: Analyzing the Trends That May Determine its Longevity Oil has transformed from a once-boring, range-bound asset into a hot commodity, rallying from lows of $67 per barrel to highs of $80 per barrel this past week. After many analysts cast doubt on a demand recovery in 2024—particularly focusing on the lagging Chinese market—this …
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3 Nuclear Power Stocks to Buy in 2025 for an AI Gold Rush The rise of artificial intelligence (AI) technologies is sending shockwaves through the energy sector, leading to an unprecedented demand for reliable electricity to power the data centers central to this technological revolution. As AI systems become integral across many industries, including automotive …
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Positive Signs As Multiple Insiders Buy Southern Palladium Stock In the world of finance, insider trading often raises eyebrows. While a single insider buying shares may not set off any alarms, the recent activity at Southern Palladium Limited (ASX: SPD) has caught the attention of various market watchers and shareholders alike. When multiple insiders elect …
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Why Investors Continue to Buy Gold Despite Strong Dollar and Rising Treasury Yields Gold prices have recently shown a surprising resilience, settling at their highest level in four weeks. This comes as a stark contrast to the traditional market expectation of an inverse relationship between gold prices, the strength of the U.S. dollar, and rising …
Exxon Mobil Warns of Fourth-Quarter Earnings Pressure Amid Lower Oil Prices Exxon Mobil Corp.’s stock declined by 1.4% on Wednesday following the oil giant’s announcement that it anticipates lower oil prices and tighter refining margins will negatively impact its fourth-quarter earnings. This news coincides with a broader market concern as oil prices, particularly the U.S. …
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