Glencore Talks, ASML Gains, Sainsburys Suffers
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Glencore Talks, ASML Gains, Sainsburys Suffers
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About this listen
On this episode of Stock Movers:
- Rio Tinto is in talks to buy Glencore to create the world’s biggest mining company with a combined market value of more than $200 billion, a little over a year after earlier talks between the two collapsed.
- ASML shares are rising after Taiwan Semiconductor Manufacturing Co.’s revenue topped estimates, reinforcing hopes of sustained global AI spending in 2026 despite concerns about an industry bubble.
- J Sainsbury reported solid food sales over the holiday season but faced weak demand for clothing and electricals over a challenging Christmas for British retailers.
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