Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) and privately owned Hancock Prospecting said on Tuesday (June 24) that they will invest US$1.6 billion to develop the Hope Downs 2 iron ore project in Pilbara, Western Australia. According to Rio Tinto, Hope Downs 2 has received all necessary approvals and is set to sustain production…
Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them for life off the field. More than two dozen NBA, NFL and NHL players participated in the company’s Athlete Immersion Program this past weekend as part of Fanatics Fest in New York City. The…
It’s a Monday night in June and hundreds have braved the haze of Canadian wildfires to gather in a cavernous sports facility in the city of Red Deer, Alberta. An Alberta team, the Edmonton Oilers, are taking on the Florida Panthers in a National Hockey League finals game tonight. The…
A 27-year-old bride was shot to death as she left her wedding celebrations in a small French village in the early hours of Sunday. Authorities have not released the woman’s name. Her husband, 25, and a 13-year-old child were also seriously wounded in the attack, which took place at 4.30…
French police detained 12 people on Sunday after 145 individuals reported being pricked with syringes during a nationwide street music festival, according to France’s interior ministry. The attacks took place across France, with Paris police confirming at least 13 cases in the capital. According to the interior ministry, it remains…
An empty base as a target, with many hours warning, and a limited number of missiles fired at some of the best air defense systems in the world. Iran’s retaliation for the US’s weekend strikes on three of its nuclear facilities can only have been designed to deescalate. The US-run…
In the past 48 hours, the Middle East has witnessed an unprecedented US airstrike on Iran with its most powerful non-nuclear weapons, an Iranian retaliatory strike on the largest US air base in the region, to an apparent truce that will see Iran and Israel end their hostilities that have…
Some Sector Reshuffling, But No New Entries/Exits Despite a backdrop of significant geopolitical events over the weekend, the market’s reaction appears muted — at least, in European trading. As we assess the RRG best five sectors model based on last Friday’s close, we’re seeing some interesting shifts within the top…
This week, we’re keeping an eye on three major stocks that are reporting earnings. Two of them have been beaten down and are looking to turn things around, while the third has had a tremendous run and is looking to keep its extraordinary momentum going. Let’s take a closer look…
The S&P MidCap 400 SPDR (MDY) is trading at a moment of truth as its 5-day SMA returns to the 200-day SMA. A bearish trend signal triggered in early March. Despite a strong bounce from early April to mid May, this signal remains in force because it has yet to…