Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in a scheme of arrangement. Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement. Regis shareholders will own approximately 51% and Vault shareholders will hold about 49% of the combined company. The merger will create Australia’s next ...
Australian gold miner Regis Resources Ltd. agreed to buy Vault Minerals Ltd. in a scheme of arrangement. Vault shareholders will receive 0.6947 new fully paid ordinary shares in Regis for each share held, the companies said in a joint statement. Regis shareholders will own approximately 51% and Vault shareholders will hold about 49% of the combined company. The merger will create Australia’s next major gold producer with annual production of more than 700,000 ounces, the companies said. Regis shares closed at A$7.17 on Monday, valuing the company at A$5.4 billion ($3.9 billion). Vault closed at A$4.50, valuing it at A$4.7 billion. To view the source of this information click here
Sluggish Manchester City failed to get the win they needed and have left themselves with a lot to do to regain title Bedlam here, utter bedlam – particularly the finish when Jérémy Doku’s 97th-minute right-foot curler grabbed Manchester City a 3-3 draw with Everton. Yet, the bottom line is this: the result places one Arsenal hand on the Premier League trophy, and City no longer control whether the...
Sluggish Manchester City failed to get the win they needed and have left themselves with a lot to do to regain title Bedlam here, utter bedlam – particularly the finish when Jérémy Doku’s 97th-minute right-foot curler grabbed Manchester City a 3-3 draw with Everton. Yet, the bottom line is this: the result places one Arsenal hand on the Premier League trophy, and City no longer control whether the other hand will join it. Continue reading...
Hormuz Closure 'Inflicting Enormous Impact' On Asia: Japan's PM Takaichi The closure of the Strait of Hormuz is "inflicting enormous impact" on the Asia-Pacific region , Japanese Prime Minister Sanae Takaichi said Monday in somewhat dramatic remarks before the press. Takaichi's words were issued from Canberra, on the occasion of Japan having signed agreements with Australia on critical minerals, e...
Hormuz Closure 'Inflicting Enormous Impact' On Asia: Japan's PM Takaichi The closure of the Strait of Hormuz is "inflicting enormous impact" on the Asia-Pacific region , Japanese Prime Minister Sanae Takaichi said Monday in somewhat dramatic remarks before the press. Takaichi's words were issued from Canberra, on the occasion of Japan having signed agreements with Australia on critical minerals, energy security, and defense cooperation amid high-level talks with Prime Minister Anthony Albanese. Albanese in turn endorsed her assessment, stating: "Today, (we are) again facing an energy shock and global instability ... Our partnership helps us secure the energy we both need." via Associated Press Takaichi also said in reference to the Strait of Hormuz, "We affirmed that Japan and Australia will closely communicate with each other in responding with a sense of urgency." According to more : Australia provides approximately one-third of Japan’s energy supplies and is the country’s largest market for liquefied natural gas. Both Canberra and Tokyo have been trying to shore up energy supplies due to the Iran war. "Like Japan, we are very concerned by disruptions to the supply of liquid fuels and refined petroleum products , " Australian Prime Minister Anthony Albanese said. “In a complex strategic environment, cooperation between Australia and Japan is essential to maintaining a peaceful, stable and prosperous region," Albanese additionally said. "Enhanced defense and security cooperation between Australia and Japan increases interoperability between our defense forces, ensuring Australia and Japan can work closely together to support regional peace and security." Tokyo and Canberra finalized a $7 billion defense agreement just last month , and a central part of this involves Japan supplying Australia with 11 warships. China has also suffered negative impact of its Iranian oil flows being blocked; however, Beijing is arguably in a better position to weather the storm when co...
watch now VIDEO 1:46 01:46 AI is the biggest technology transformation in our lifetime, says Amazon CEO Andy Jassy Mad Money with Jim Cramer Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear — it's exactly why they'll be rewarded over time. "We believe that AI is the biggest technology transformation in our lifetimes," the CEO said on " Mad ...
watch now VIDEO 1:46 01:46 AI is the biggest technology transformation in our lifetime, says Amazon CEO Andy Jassy Mad Money with Jim Cramer Andy Jassy said Amazon's massive spending on artificial intelligence isn't something investors should fear — it's exactly why they'll be rewarded over time. "We believe that AI is the biggest technology transformation in our lifetimes," the CEO said on " Mad Money ." "It's going to reinvent every single customer experience we know and altogether new ones we never imagined." In February, Amazon announced plans to invest $200 billion this year in capital expenditures, largely tied to AI infrastructure. The disclosure alongside fourth-quarter earnings sent sent shares tumbling. It took roughly two months for the stock to erase all of its post-earnings declines in early April. It has kept climbing higher since then, setting a new record close Monday. The crux of the debate surrounding the stock: Will Amazon be able to generate meaningful returns from all this spending? Skeptics also note that Amazon is projected to have negative free cash flow in 2026, according to FactSet. Jassy argues that scale of spending reflects just how big the opportunity is. He pointed to the sheer pace of growth of its cloud unit, Amazon Web Services, as evidence that the company is investing in the right place. "After the first three years of this incarnation of AI, our run rate is over $15 billion — 260 times what it was the first three years of AWS," he said. AWS is expected to generate total revenue of roughly $166 billion this year, according to FactSet. "When you have shifts that are this momentous … you want to bet big," added Jassy, who used to lead Amazon's cloud unit before replacing Jeff Bezos as companywide CEO in 2021. Jassy specifically pushed back on the cash flow concerns, saying critics misunderstand how Amazon makes money from these investments. "We have to lay out capital and cash in advance of when we can monetize it," he said, explain...
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNT Meryl Streep and Anne Hathaway return as Miranda Priestly and Andy Sachs in Disney and 20th Century Studios' "The Devil Wears Prada 2." Disney | 20th Century Fox Disney has proven that you don't need superheroes, explosive action-packed sequences or blue-skinned aliens for a sequel to perform well at the box office. Over the weeke...
In this article WBD Follow your favorite stocks CREATE FREE ACCOUNT Meryl Streep and Anne Hathaway return as Miranda Priestly and Andy Sachs in Disney and 20th Century Studios' "The Devil Wears Prada 2." Disney | 20th Century Fox Disney has proven that you don't need superheroes, explosive action-packed sequences or blue-skinned aliens for a sequel to perform well at the box office. Over the weekend, the studio released "The Devil Wears Prada 2" under its 20th Century Fox banner to raucous results. The sequel film to 2006's "The Devil Wears Prada" tallied around $77 million domestically during its opening weekend, the third-highest debut of the year. That's nearly triple the $27.5 million that the first film generated during its opening weekend two decades ago, according to data from Comscore. Internationally, "The Devil Wears Prada 2" secured more than $150 million, bringing its total haul to around $233 million globally for its first three days in theaters. That total is 72% of what the original "The Devil Wears Prada" generated during its entire theatrical run. "Some things never go out of fashion," Paul Dergarabedian, head of marketplace trends at Comscore told CNBC. "It's difficult to predict whether audiences will embrace or reject a sequel to a beloved original, but the creative teams, the marketing folks and the distribution team of Disney's 20th Century Studios put together an irresistible hit movie that had not just appeal in the United States but also around the world." watch now VIDEO 6:45 06:45 'Devil Wears Prada 2' Producer Finerman: Current movie business is the most difficult I've ever seen Fast Money Disney's return to the well for a "The Devil Wears Prada" sequel comes at a time where Hollywood has become more reliant on tried-and-true intellectual property. In fact, the 2026 calendar is filled with titles connected to major franchises like Star Wars , Marvel , DC Comics, Toy Story, Super Mario Bros. , Hunger Games, Scream, Scary Movie, Minions, Du...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Man Group CEO Robyn Grew, Goldman Sachs’ Marc Nachmann, Allspring Global Investments CEO Kate Burke, Senator Ted Cruz (R-TX), IBM Vice Chairman Gary Cohn, BlackRock’s Joe DeVico, eMed CEO Linda Yaccarino & Fmr. NFL Quarterback...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Man Group CEO Robyn Grew, Goldman Sachs’ Marc Nachmann, Allspring Global Investments CEO Kate Burke, Senator Ted Cruz (R-TX), IBM Vice Chairman Gary Cohn, BlackRock’s Joe DeVico, eMed CEO Linda Yaccarino & Fmr. NFL Quarterback Tom Brady, Janus Henderson CEO Ali Dibadj, Pretium CEO Don Mullen, BNY CEO Robin Vince, PIMCO President Christian Stracke, Morgan Stanley’s Dan Simkowitz, Kalshi Board Member Brian Quintenz, Oak Hill Advisors CEO Glenn August, State Street CEO Ron O’Hanley, Spelman College Interim President Roz Brewer, & Guggenheim Partners’ Anne Walsh. (Source: Bloomberg)