BHP Jan 2025 42.500 call
- Yahoo Finance Video
Major energy M&A deals, the market's momentum: Morning Brief
How are the major market averages (^DJI, ^IXIC, ^GSPC) feeling this morning after the Nasdaq's big climb above 17,000 on Tuesday? Yahoo Finance's The Morning Brief is here to help investors start their trading day off right as hosts Seana Smith and Brad Smith walk you through the top stories and market trends. Hess Corp. (HES) shareholders approved the $53 billion buyout deal with Chevron (CVX). In other energy M&A news, ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) in an all-stock deal valued at $17.1 billion. Tortoise Portfolio Manager Rob Thummel told Yahoo Finance that this deal came as a total "surprise." Lastly, platinum miner Anglo American (NGLOY, AAL.L) rejected BHP Group's (BHP) bid to extend their merger deadline. Russell Investments President and Chief Investment Officer Kate El-Hillow sits down with the team in-studio to discuss the market's momentum trade and the strength of this earnings season's fundamentals. This post was written by Luke Carberry Mogan.
- Investing.com
European stocks largely lower; key inflation data looms
European stock markets largely fell Thursday, with rising global bond yields hitting sentiment ahead of the release of highly anticipated inflation data at the end of the week. Equities have retreated in Europe, following the weakness on Wall Street and the losses in Asia overnight, with sentiment pressured by rising U.S. Treasury yields as worries about inflation play into the narrative that interest rates will remain elevated for longer than expected. The eurozone inflation release is expected to tick up 2.5% in May year-on-year, from 2.4% in April.
- Bloomberg
BHP Abandons $49 Billion Bid After Anglo Refuses More Talks
(Bloomberg) -- BHP Group decided against making a firm offer for Anglo American Plc, instead walking away for now from what would have been the biggest mining deal in over a decade. Most Read from BloombergWorld’s Largest Nuclear Plant Sits Idle While Energy Needs SoarWarning Signals Are Flashing for Homeowners in Texas and Florida‘Not Gonna Be Pretty:’ Covid-Era Homebuyers Face Huge Rate JumpNew BYD Hybrid Can Drive Non-Stop for More Than 2,000 KilometersInsurers Sink as UnitedHealth Sees ‘Dist
