Digimg For Gold…
Newmont Mining announced it would acquire smaller rival Goldcorp in a deal valued at $10 billion. The move will create the world’s largest producer by output. The gold mining industry has come under fire from investors in recent months for poor management of capital. Combined with falling gold reserves and higher extraction costs have prompted miners to look for cost efficiencies. Goldcorp. Shareholders will receive 0.3280 shares of Newmont and $0.02 for each share they own. That translates to $11.46 per share, an 18 percent premium from Goldcorp’s close on Friday.
Comcast Corp, parent company of NBCUniversal, announced it will launch a free, ad-supported streaming service in the first quarter of 2020. The new service will be free to cable subscribers and around $12 a month for customers without a cable provider. The service will air three to five minutes of commercials per hour, and will also offer an ad-free option for an additional fee. The service will include 1,500 hours of NBCU content, such as SNL, Universal Pictures, live sports, and licensed content from Sony, Discovery, and Warner Bros. According to reports NBCU is not expected to pull its content from other steaming services. The news does raise questions about the future of Hulu, which NBCUniversal owns a 30% stake.
Asia: Asian markets closed higher after China signaled more economic stimulus could be on its way.
Europe: European stocks closed lower on Monday after Chinese data showed the sharpest decline in exports in two years.
U.S: U.S. markets slipped on Monday after disappointing economic news from China had investors questioning global growth. DJIA: -86.11 23,909.84 NASDAQ: -65.56 6,905.92 S&P: -13.65 2,582.61
Word Of The Day:
Diversification is a risk management technique that mixes a wide variety of investments inside a portfolio, which on average provides higher returns.
Dinner of Drink:
1 part Jim Beam® Straight Rye Whiskey
3/4 part Liard’s® Applejack Brandy
1 teaspoon Honey
3 parts Soda Water
1/2 part Lemon Juice
Garnish with Lemon Peel
Add lemon juice and honey to bottom of glass and stir to dissolve honey. Measure and pour in Jim Bean Rye and Applejack. Fill glass completely with ice, top with soda. Garnish and serve.