Newmont: Strong Buy Backed By $1 Billion In Free Cash Flow, New Global Gold Cycle
Newmont has demonstrated strong cash generation with $1.6 billion in Q3 free cash flow, marking its fourth consecutive quarter above $1 billion.
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Exclusive-IPOs of Walmart’s Flipkart, PhonePe could take couple of years, Walmart exec says
By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Initial public offerings of Walmart’s Flipkart marketplace and PhonePe digital payments platform could take a couple of years, a Walmart executive said. “This is something we’re looking at over the next couple of years,” Walmart’s executive vice president for corporate affairs, Dan Bartlett, said on the sidelines of…
Small US businesses fear TikTok ban after it turbocharged sales
By Danielle Broadway LOS ANGELES (Reuters) – Everything changed for Paul Tran and his wife Lynda when the skincare brand they co-founded went viral on TikTok. The Atlanta couple created @loveandpebble, and when they shared their Beauty Pops ice face masks on TikTok in 2021, it took their small business to another level. “We sold…
Spirit Aero to be broken up as Boeing agrees to $4.7 billion stock deal
By Tim Hepher, Shivani Tanna and Mike Stone (Reuters) -Boeing agreed to buy back Spirit AeroSystems for $4.7 billion in stock and Airbus moved to take on the supplier’s loss-making Europe-focused activities, sending shares in all three companies higher in a rare transatlantic break-up. The near-two-decade independence of the world’s largest standalone aerostructures company ended…
Microsoft’s costs in focus as fears rise over slow payoff from AI
By Aditya Soni (Reuters) – Microsoft investors will have one big question when the tech giant reports earnings on Tuesday: has growth in its Azure cloud-computing business picked up enough to justify the billions of dollars being spent on artificial intelligence infrastructure? Widely seen as the front-runner in the race to make money from AI,…
AMD launches new AI chips to take on leader Nvidia
By Arsheeya Bajwa TAIPEI (Reuters) – Advanced Micro Devices unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia. At the Computex technology trade show in Taipei, AMD CEO Lisa Su introduced the MI325X accelerator, which…
Berkshire reveals $6.72 billion stake in insurer Chubb
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, ending months of speculation that it had made a big new investment. In a regulatory filing describing its U.S.-listed stock holdings as of March 31, Berkshire said it owned 25.92 million shares of Chubb….
Kyiv says Russian forces pressing hard in eastern Ukraine
KYIV (Reuters) – Ukraine’s military said its troops were subjected to dozens of attacks by Russian forces on Monday around Toretsk and Pokrovsk, two settlements in eastern Ukraine where Moscow is gaining ground against embattled Ukrainian forces. In a statement, the military said Russian troops attacked Ukrainian defenders 21 times over the course of Monday…
Fed’s Kashkari says it’s ‘reasonable’ to predict December rate cut
By Ann Saphir (Reuters) -Minneapolis Federal Reserve President Neel Kashkari on Sunday said it’s a “reasonable prediction” that the U.S. central bank will cut interest rates once this year, waiting until December to do it. “We need to see more evidence to convince us that inflation is well on our way back down to 2%,”…
Factbox-Key issues discussed by Blinken in talks with Chinese leaders
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi and Chinese leader Xi Jinping in Beijing on Friday in the latest high-level contacts between the superpowers aimed at keeping tense relations under control. The visit brought little progress on contentious issues, including China’s support for Russia in Ukraine, tensions…