Gold giant Newmont’s $16.9 billion bid for Australia’s Newcrest clouded by deal doubts
Melbourne Reuters — Top gold producer Newmont (NEM) Corp said it had made a $16.9 billion offer for Australian peer Newcrest (NCMGF) Mining to build a global gold behemoth, although investors and analysts said it undervalued the target amid a leadership change. Newcrest is seeking a new boss, with previous chief executive Sandeep Biswas having […]
Yellen warns of ‘global financial crisis’ if US debt limit agreement isn’t reached
CNN — Treasury Secretary Janet Yellen on Friday warned of the widespread global effects that could be felt if the federal government exhausts extraordinary measures and fails to raise the debt ceiling, telling CNN’s Christiane Amanpour about the ways everyday Americans could face stark consequences. Yellen’s warning comes after the United States on Thursday hit […]
Premarket stocks: The world has a major debt problem. Is a reset coming?
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The world is in debt. A record amount of debt. Three hundred trillion dollars, […]
Americans are spending an extra $371 a month because of inflation
New York CNN — From rent and groceries to utilities, families are paying a lot more every month as they try to keep up with inflation. And while inflation has cooled in recent months, the typical household spent $371 more on good and services in December than a year ago, according to Moody’s Analytics. The […]