Mont Royal Resources ASX:MRZ is best understood as a pre-revenue critical minerals developer whose value is overwhelmingly tied to Ashram in Québec rather than to near-term cash flow. The core bull case is that Ashram is large enough and strategically relevant enough to matter as Western supply cha…
The yen consolidates against the dollar and other currencies amid mixed developments. On the one hand, "concerns over fiscal expansion [in Japan] and perceptions that the BoJ is still behind the curve have kept depreciation pressure on the JPY," two strategists at OCBC Group Research say in a resea…
Live cattle futures on the Chicago Mercantile Exchange closed narrowly mixed on Monday as pressure from last week's lower cash trades and a jump in feedgrain futures offset support from tight cattle supplies, traders said.CME's benchmark August live cattle CME:LE1! futures contract settled down 0.1…
Energy Transfer LP NYSE:ET:
SpaceX on Monday announced a new plan to build an AI-focused data center and confirmed it is proceeding as scheduled with deorbit operations for about 100 first-generation Starlink satellites, according to 36Kr. The company said it plans to construct the data center in the U.S. Midwest to support A…
Even Realities said on July 6 that it has raised $150 million in a Pre-B round at a post-money valuation of more than $1 billion, becoming a unicorn, according to 36Kr. The round was co-led by Meituan Longzhu and Meituan Strategic Investment, with Tencent and other existing shareholders participati…
Northern Minerals: Will Provide Relevant Share Registry Info to Australia Treasury
The Shanghai Gold Exchange said it has approved the admission of Hong Kong Precious Metals Central Clearing System Co., Ltd. as an international member, according to 36Kr. The exchange disclosed the decision in a notice dated July 7.
2020 ET - Japanese shares are lower in early trade, led by losses among technology and chip-related names. "The profitability of AI investment is still a risk factor to monitor," two strategists at BofA Securities Japan say in a recent research report. "We also need to assess the underlying traject…
SK hynix Inc. Sponsored GDR (000660) was scheduled to debut on the Nasdaq later in the week, with reports noting strong investor demand for AI-related chip stocks ahead of the list
South Korea's Kospi Extends Losses; Last 3.0% Lower at 7806.25
Fiserv (FISV) share price gained 4% after-hours amid a report that several top financial institutions are looking to acquire a network owned by the firm to bypass federal caps on debit card transaction fees.Wall Street giants, including JPMorgan Chase, Bank of America, Wells Fargo and PNC Financial…
WiseTech Global Ltd ASX:WTC:
Shares of Crinetics Pharmaceuticals (CRNX) surged nearly 100% in after-hours trading on Monday after Vertex Pharmaceuticals (VRTX) announced it will buy the company for about $10 billion.The deal values Crinetics at $85 per share in cash, representing a potential upside of about 100% from the stock…
LG Energy Solution Ltd. reported preliminary second-quarter earnings that missed analyst estimates as weak support for electric vehicles in key markets such as the US failed to offset surging demand for energy storage systems, according to Bloomberg.
JPMorgan Asset Management has trimmed its long yuan positions against the dollar and shifted its focus to higher-yielding currencies as the yuan’s outperformance begins to cool, according to Bloomberg.
Gold was little changed as traders awaited minutes from the Federal Reserve’s last meeting for clues on the path for US interest rates, according to Bloomberg.
Strategy sells 3,588 Bitcoin for $216M to fund dividendsMichael Saylor's Strategy sold 3,588 Bitcoin (BTC) to fund preferred stock dividend payments and replenish its cash reserves.Strategy sold the Bitcoin for $216 million, reducing its total holdings to 843,775 Bitcoin, according to a Monday 8-K…
Australian consumer confidence remains in the doldrums, and the lack of optimism has become one of the defining things about the economy. The latest ANZ-Roy Morgan survey showed confidence fell 1.2 points last week to a bleak 74.7 points. The cumulative impact of successive shocks such as Covid, su…
