(Reuters) – Gold miner Newmont Corp said on Monday it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share, with an implied value of A$29.27 a share. Newcrest in…
By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining. The Dow Jones industrial average ended slightly lower. The yield on 10-year Treasury…
CHICAGO (Reuters) -American Airlines pilots have approved a new contract that includes more than $9.6 billion in total pay and benefits increases over four years, reflecting the bargaining power held by pilots in an era of airline staff shortages. The Allied Pilots Association (APA), which represents 15,000 pilots at the Texas-based carrier, said on Monday…
By Chavi Mehta (Reuters) -Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its…
By Fergal Smith (Reuters) -Canada’s main stock index fell on Monday to a near two-month low as a drop in oil prices pressured energy shares and rising bond yields weighed on dividend-paying stocks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 33.52 points, or 0.2%, at 19,784.87, its lowest closing level since June 27….
By Cassandra Garrison and Sofia Menchu GUATEMALA CITY (Reuters) – International leaders congratulated Bernardo Arevalo on his resounding victory in Sunday’s Guatemalan presidential election, a win long believed impossible for the anti-graft candidate in a process dogged by accusations of government meddling. Arevalo, a 64-year-old former diplomat and son of Guatemala’s first democratically elected president,…
By Laura Matthews NEW YORK (Reuters) – The dollar inched lower against a basket of its peers on Monday, snapping a five-week winning streak, as investors bided time ahead of the U.S. Federal Reserve’s Jackson Hole, Wyoming, symposium starting on Friday, with expectations that central banks could keep rates higher for longer. The dollar index,…
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-worth clients in mass markets. The Wall Street bank is evaluating alternatives for its registered investment adviser (RIA) unit,…
By Erwin Seba HOUSTON (Reuters) – Brent and U.S. crude oil finished on Monday at a loss, as hopes for Chinese demand faded “It seems that (China’s recovery) is not going to happen,” said John Kilduff, partner at Again Capital. “It’s doubtful they’re going to be buying. They bought a lot of crude for storage…
By Jonathan Oatis (Reuters) -Wildfires on Hawaii’s Maui have killed at least 114 people, forced tens of thousands of residents and tourists to evacuate the island and devastated the historic resort city of Lahaina. It’s the deadliest U.S. wildfire in more than a century. Here are some key questions and answers about the blazes: ARE…
