BHP has offered to buy Anglo American, a long time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.
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Duncan Wanblad: the ‘used mine salesman’ blowing up Anglo American
South African group’s chief executive must win over investors to fend off BHP’s unsolicited takeover bidFinancial Times - Business -
Alleged ‘deal’ offer from Trump to big oil could save industry $110bn, study finds
Ex-president at Mar-a-Lago last month hosted more than 20 executives, including from Chevron, Exxon and Occidental. A “deal” allegedly offered by Donald Trump to big-oil executives as he sought $1bn in campaign donations could save the industry ...The Guardian - World - Donald Trump -
Siemens to Sell Innomotics to KPS Capital Partners for $3.8 Billion
Siemens agreed to sell its Innomotics large motors business to private-equity firm KPS Capital Partners, the latest move by the German industrial giant to reshuffle its portfolio.The Wall Street Journal - Business -
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About That 'Unjust' American Order
Socialists never mention that the alternatives are much, much worse.The Wall Street Journal - World -
Dow Jones Industrial Average Tops 40000 for the First Time
The recession that so many economists anticipated has remained out of sight, giving investors hope that stocks can keep climbing.The Wall Street Journal - World -
Shoppers are taking on credit-card debt to buy groceries. That’s ‘a canary in a coal mine.’
As grocery prices rise, one in four adults who pay for food with credit cards are carrying debt.MarketWatch - Business -
Kevin Spacey says he has 'so much to offer' after Hollywood pals demand his comeback
Kevin Spacey said in a recent interview he is 'grateful' for actors including Sharon Stone and Liam Neeson who demanded his comeback in recent interviews.Los Angeles Times - Entertainment -
'Speed Capital' Review: How the Indy 500 Was Born
Road racing in the early 20th century was popular, but hard to watch as the cars zoomed by. Indianapolis changed that.The Wall Street Journal - World -
Billionaire McCourt Seeks to Buy TikTok For 'The People.' Could that Ever Work?
Former L.A. Dodgers owner Frank McCourt is pulling together a deal to buy the controversial social media app. He says it's the "people's bid," and it won't include the app's all-important algorithm.Inc. - Business - Tiktok -
Best Buy has a sale on the best TVs for watching sports in 2024
Best Buy just slashed up to $900 off the price of premium 4K TVs from LG, Samsung, Sony and more.CBS Sports - Sports -
Best Buy has a huge sale on TVs ahead of Memorial Day
Save hundreds on TVs from top brands like Samsung, LG, TCL and more with Best Buy's pre-Memorial Day deals.CBS News - Top stories -
There’s more good news on inflation. Americans may have a hard time believing it.
Purchasing power for the average household actually increased from 2019 to 2023, a government report found. But higher earners are still coming out on top.MarketWatch - Business -
OpenAI’s Long-Term AI Risk Team Has Disbanded
The entire OpenAI team focused on the existential dangers of AI has either resigned or been absorbed into other research groups, WIRED has confirmed.Wired - Tech -
Mexico City Has Long Thirsted for Water. The Crisis Is Worsening.
A system of dams and canals may soon be unable to provide water to one of the world’s largest cities, a confluence of unchecked growth, crumbling infrastructure and a changing climate.The New York Times - World - Mexico -
Dow hits 40,000 for the first time as bull market accelerates
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.CBS News - Top stories -
More and more stocks are joining the market's rally to new highs. Here's why and when to buy
Wall Street's 19-session journey back to all-time highs has been swift but healthy.CNBC - Business -
Trump Has Long Prized Certain Tactics. His Trial Has Highlighted Them.
The former president’s criminal trial has underscored what he values: loyalty, beauty, press coverage and using allies as bullies.The New York Times - Top stories - Donald Trump -
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
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35 Years Later, the Remains Known as ‘Chimney Doe’ Have a Name and a Face
A skeleton found in the chimney of a Wisconsin music store in 1989 has been identified, relaunching a police investigation that had been dormant for decades.The New York Times - Top stories -
Ray Dalio believes there’s a 35% or even 40% chance of a civil war in the U.S.
Hedge-fund billionaire can foresee people moving to states that align with their political views while refusing to abide by rules made by federal authorities whose politics they disagree with.MarketWatch - Business -
The 35 Best Shows on Max (aka HBO Max) Right Now
Hacks, The Jinx, and Conan O’Brien Must Go are just a few of the shows you need to be watching on Max this month.Wired - Tech -
Apple agrees to $35 million settlement with some iPhone 7 users
The settlement covers U.S. residents who owned an iPhone 7 or 7 Plus between September 16, 2016, and January 3, 2023, and reported a covered issue to Apple or paid the company for repairs.CBS News - Top stories - Apple -
1 in 10 young college graduates is 'idled'—it could affect their earnings long-term
While the job market for recent college grads recovered quickly from the brief Covid-19 recession, the downturn could still spell trouble down the line.CNBC - Business -
Why some conservative Vietnamese Americans are angry about L.A. County's new 'Jane Fonda Day'
Some Republican lawmakers in California, including a number of Vietnamese Americans, have come together in opposition to Jane Fonda Day.NBC News - Top stories -
The Executive Who Revived Barbie Has a New Long-Shot Mission: Save Gap
CEO Richard Dickson is trying to make the clothing company cool again—one hoodie at a time.The Wall Street Journal - World -
The Executive Who Revived Barbie Has a New Long-Shot Mission: Save Gap
CEO Richard Dickson is trying to make the clothing company cool again—one hoodie at a time.The Wall Street Journal - Business -
Trump’s immigration plan could add trillions of dollars to national debt, fueling inflation and market jitters
Donald Trump’s tax and spending plans for his would-be second term in office imply a willingness to see the federal budget deficit rise to truly unprecedented levels.MarketWatch - Business -
Top 20 Global Concert Tours from Pollstar
AP Global Top 20 Pollstar Week of 05/20/24ABC News - Entertainment -
Watchdog: EPA's lead pipe fix sent about $3 billion to states based on unverified data
The Environmental Protection Agency watchdog says the agency distributed about $3 billion to states last year to replace harmful lead pipes based on unverified dataABC News - Health -
Israel's Eurovision team accuse rivals of 'hatred'
Its national broadcaster says it faced hostility simply because "we are Israelis and we were there".BBC News - Top stories - Israel -
Verstappen fears rivals have made step forward
Max Verstappen said Red Bull has work to do to maintain its big advantage over the rest of the field after a tough day of practice ahead of the Emilia-Romagna Grand Prix.ESPN - Sports -
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.
CoreWeave, an AI cloud-computing startup backed by Nvidia, has raised $7.5 billion from investors.The Wall Street Journal - World -
Microsoft offers staff to relocate from China
Offer comes as tensions rise between Washington and Beijing over sensitive technologyFinancial Times - Business - Microsoft -
Best deals at LG's huge Memorial Day appliance sale: Save up to 35%
Kick off the summer with fabulous new appliances from LG that are currently on sale for up to 30% off.CBS News - Top stories -
Here's what has driven the Dow rally to 40,000, and why it could keep going
The Dow Jones Industrial Average passing the 40,000 barrier makes for a nice headline, but market experts do not take much else from the move.CNBC - Business -
Here's what has driven the Dow rally to 40,000, and why it could keep going
Passing major milestones such as the 40,000 barrier the Dow Jones Industrial Average eclipsed this week makes for a nice headline, but market experts do not take much else from the move.NBC News - Top stories