Newmont (TSX:NGT,NYSE:NEM), the world’s largest gold miner, is continuing its divestiture program through the sale of its Éléonore mine in Québec to Dhilmar, a private UK-based mining firm, for US$795 million in cash. Located in the Eeyou Istchee James Bay region, Éléonore is a prominent underground gold operation. Since producing…
Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand. The privately held company, headquartered in Barcelona, plans to open 42 new storefronts in the U.S. by the end of the year…
Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. The nation’s largest employer, which has about 1.6 million U.S. workers, joined a growing list of companies that have stepped back from…
Kenneth Leech, the former co-chief investment officer of Western Asset Management Co, was charged by U.S. authorities on Monday with running a fraudulent “cherry-picking” scheme where he improperly favored some clients’ accounts over others when allocating trades. The U.S. Securities and Exchange Commission said that between January 2021 and October…
Kohl’s is getting a new CEO, its third since 2018. The off-mall department store’s current CEO Tom Kingsbury is stepping down effective Jan. 15. He will leave the position he held first on an interim basis starting in late 2022, and then permanently since early 2023. Michaels CEO Ashley Buchanan will…
Today Carl looks at the small-caps and mid-caps that have now begun to outperform the market. Clearly the rally is broadening, the question now is can we continue to make new all-time highs. It does seem very likely especially given the positive outlook on the Secretary of Treasury nomination. Carl…
Good morning and welcome to this week’s Flight Path. The “Go” trend in equities has proved to be resilient as we saw strong blue “Go” bars return this week. Treasury bond prices remained in a “NoGo” although this week we did see weaker pink bars as the trend showed weakness. U.S.…
As cyber threats continue to escalate globally, CrowdStrike Holdings, Inc. (CRWD) has emerged as a leading cybersecurity firm poised for significant growth. After an outage earlier this year, CrowdStrike’s stock price has lagged for much of 2024, but recent stock price action suggests that CRWD is potentially gearing up to…
It’s a short trading week, and the stock market is rallying. It’s clear that Wall Street liked President-elect Donald Trump’s choice of Scott Bessent for Treasury Secretary. The broader stock market indexes closed higher, with the Dow Jones Industrial Average ($INDU) closing at a new record. The S&P 500 ($SPX)…
Just weeks after Vice President Kamala Harris’ overwhelming loss to President-elect Donald Trump in the 2024 presidential election, the White House released a memo that hailed the Biden-Harris administration as one of the most successful in history. The memo shared on Monday highlighted how President Biden and Harris took office…