Markets

Ivan Boesky's co-operation led to uncovering one of Wall Street's largest insider trading scandals. (AP PHOTO)
World
Staff Writers

Real life Gordon Gekko was known as ‘Ivan The Terrible’ on Wall St

Ivan Boesky, the trading titan-turned-convict who served as the partial inspiration for the film Wall Street, has died.

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Incitec Pivot is a major supplier of explosives to Australian mines.
Markets
Simone Grogan

Incitec advances deal talks with Indonesian fertiliser giant

Incitec Pivot remains locked in lengthy negotiations to flog its entire fertiliser business to an Indonesian state-owned enterprise, but there are concerns the Foreign Investment Review Board could be a hurdle.

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The latest rally erupted on Monday following the return to social media of Keith Gill, who drove the meme-stock mania of 2021 under the moniker Roaring Kitty.
Markets
Bre Bradham and Subrat Patnaik

Day traders buying billions on return of meme stock mania

Meme-stock traders again piled into shares of GameStop and AMC Entertainment in a revival of the retail-trading frenzy that rocked markets during the pandemic.

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Shareholders will reap the rewards of a dividend component from both companies.
Business
Daniel Newell

SGH’s dividend windfall finally wins over Boral’s board

Boral has given in to market pressure and agreed to a rejigged offer from Seven Group Holdings to take full control of the building products supplier.

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Improving relations between Beijing and Canberra are brightening the outlook for Australian stocks that have faced trade restrictions. Here’s the sectors and listed companies to keep a closer eye on ...
Business
Georgina McKay

The stocks to watch as Australia resets relations with China

Improving relations between Beijing and Canberra are brightening the outlook for Australian stocks that have faced trade restrictions. Here’s the sectors and listed companies to keep a closer eye on ...

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Dubber CEO Steve McGovern has been terminated.
Business
Daniel Newell

Dubber turfs CEO over alleged misuse of millions

Communications software provider Dubber has shown its chief executive and co-founder the door following an investigation into the alleged misuse of more than $25 million of company funds.

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Michael Anghie, APM group chief executive. Ross Swanborough
Business
Daniel Newell

‘Zero’ chance of APM doing a deal with Madison Dearborn

Analysts at a leading stock research house have put the chances of embattled APM doing a deal with partner-turned takeover bidder Madison Dearborn Capital Partners at “zero”.

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Westgold’s Cue operation.
Mining
Adrian Rauso

Westgold and Karora shake hands in $2.2b gold mega merger

Karora Resources has moved on quick after deal discussions broke down with Ramelius Resources, finding another WA mid-tier suitor in Westgold Resources.

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TMTG is the result of a combination of Trump’s company and the shell company Digital World Acquisition Corp.
World
CNBC

Trump’s social media company to begin trading under DJT

The company, which owns the Truth Social app platform, will be called Trump Media & Technology Group Corp., and will trade on the NASDAQ market.

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Reddit shares jumped 30% on Monday.
Business
CNBC

Reddit shares rise 30% after social media company’s IPO

Investors were monitoring Reddit’s stock debut to gauge whether the IPO market might pick up after a long lull spanning 2022 and 2023.

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Children’s stationery brand Smiggle looks set to be demerged and launched as a separately-listed company by the start of 2025.
Business
Adrian Lowe

Retail giant Premier to spin off Smiggle & Peter Alexander

Retail giant Premier Investments plans to demerge its children’s stationery business Smiggle to be a standalone business by the start of next year. The same could happen for sleepwear brand Peter Alexander.

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Shares in Reddit opened at $US47 each versus the IPO price of $US34 each.
Business
Staff Writers

Reddit’s shares open 38 per cent above initial public offering price

The value of Reddit shares has soared as it began trading on the New York Stock Exchange.

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Reddit co-founder and chief executive Steve Huffman said the company has many opportunities to grow both the platform and the business, according to a signed letter included in the filings.
Business
Ryan Gould, Amy Or and Katie Roof

Reddit soars 48pc on debut as AI pitch gets warm reception

Reddit Inc. shares soared 48 per cent above their initial public offering price, as investors embraced the social media company’s vision of profiting from the growth of artificial intelligence.

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Reddit's shares will begin trading on the New York Stock Exchange at $US34 a share. (AP PHOTO)
Business
Michael Liedtke

Reddit is poised to make its share market debut

Reddit is going public with a market value of $9.7 billion as investors bet the social media platform is ready for prime time in finance.

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People browsing gold jewelry in Istanbul.
Mining
CNBC

Why the record gold price still has plenty of room to run

Gold prices hit a new all-time high on Thursday, and there’s still room for it to surge as several countries are on a gold-buying spree.

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