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Legendary investor Warren Buffett is stepping down as CEO of Berkshire Hathaway (NYSE:BRK.A,NYSE:BRK.B) after six decades at the helm — but he’s still not yet ready to retire.

In a media release on Monday (May 5), Berkshire said that its board of directors unanimously has voted to appoint Greg Abel, vice chairman, non-insurance operations, as president and CEO come January 2026.

Buffett will remain the chairman of the board of directors.

Buffett has held the position of CEO at Berkshire since 1970, with Abel confirmed as his successor in 2021.

What is Buffett’s strategy?

Buffett took control of Berkshire in 1965, back when the company was a struggling textile manufacturer.

In a 2010 letter to shareholders, he recounted his experience in those early days:

‘Berkshire was then only intextiles, where it had in the previous decade lost significant money. The dumbest thing I could have done was topursue ‘opportunities’ to improve and expand the existing textile operation – so for years that’s exactly what Idid. And then, in a final burst of brilliance, I went out and bought another textile company. Aaaaaaargh!Eventually I came to my senses, heading first into insurance and then into other industries.’

Many people have tried to explain Buffett’s success in recent years. One recent Financial Times article titled “How Buffet Did It” notes that his strategy is “more than great stock picks and insurance premiums.”

An older paper called ‘Buffett’s Alpha’ suggests that his exposure to low-risk, cheap and high-quality stocks is key.

“(He) has boosted his returns by using leverage, and that he has stuck to a good strategy for a very long time period, surviving rough periods where others might have been forced into a fire sale or a career shift,” states the paper, which was written by Andrea Frazzini, David Kabiller and Lasse Heje Pedersen.

‘We estimate that Buffett applies a leverage of about 1.7-to-1, boosting both his risk and excess return in that proportion. Thus, his many accomplishments include having the conviction, wherewithal, and skill to operate with leverage and significant risk over a number of decades,’ the authors also note.

Who is Buffett’s successor?

Abel has been with Berkshire since 2000, when Berkshire bought MidAmerican, an energy company he had been running. He joined the board as vice chairman, non-insurance operations, in 2018.

MidAmerican was renamed Berkshire Hathaway Energy (BHE), with Abel serving as its chief executive officer from 2008 to 2018. He remains the company’s chair as of writing. At both MidAmerican and Berkshire, Abel was mentored by David Sokol, who seemed a likely successor to Warren Buffett until he resigned from Berkshire in 2011.

Abel was named vice chairman in 2018 along with Ajit Jain. In a 2014 letter to shareholders, Buffett’s longtime right-hand man, Charlie Munger, who passed away in 2023, wrote about the two as potential successors.

‘Ajit Jain and Greg Abel are proven performers who would probably be under-described as ‘world-class.’ ‘World-leading’ would be the description I would choose,’ said Munger.

‘In some important ways, each is a better business executive than Buffett.’

Buffett has also spoken highly of Abel, saying in 2023, ‘Greg understands capital allocation as well as I do. That’s lucky for us. He will make those decisions, I think, very much in the same framework as I would make them. We have laid out that framework now for 30 years.’

Berkshire’s path forward under Abel

Buffett’s words indicate that he sees Berkshire and Abel following the framework he has laid out.

Of course, there may be some evolution. Morningstar analyst Gregg Warren notes that the ‘groundwork for a successful transition’ at Berkshire has been in place for decades.

He also notes that Buffett and Munger were skilled at acquiring businesses that were a good cultural fit.

“We expect this to continue, believing that Berkshire’s culture of management autonomy and entrepreneurship has become institutionalized,’ Warren explains in a recent article.

‘ However, the new managers will probably work with a slightly different opportunity set, and we believe they will evolve Berkshire from what has historically been a reinvestment machine into one that is more focused on returning capital to shareholders, which is what we would expect of a company of this size with limited investment opportunities.”

Warren also comments that Berkshire currently doesn’t pay a dividend. This principle is because of Buffett’s belief that retained earnings should yield greater value than cash payouts.

Warren said this may change after Abel takes over, underlining that issuing a dividend could help Berkshire retain shareholders who may consider selling once Buffett is no longer at the helm.

Berkshire’s recent activities include diversification of its portfolio via strategic acquisitions and investments.

In January 2025, Forest River Bus & Van, a Berkshire subsidiary, announced its acquisition of L.A. West Coaches to enhance its product portfolio in the luxury transportation market.

“This partnership represents a shared commitment to excellence and innovation,” said Douglas Wright, group general nanager of Forest River Bus & Van. “L.A. West Coaches’ proven expertise and dedication to quality align with our values, and we look forward to collaborating to expand our product range.”

BHE is also currently exploring the production of lithium carbonate and other minerals from its geothermal power plants in California’s Imperial Valley, aligning with the company’s interest in renewable energy and sustainability.

BHE Renewables publicized a joint venture with Occidental Petroleum (NYSE:OXY) in June 2024, saying that this will be useful for the demonstration and deployment of TerraLithium’s direct lithium extraction.

Occidental is the owner of TerraLithium, a company that provides a technology platform for extracting lithium from geothermal and other brines to produce ultra-pure battery-grade lithium hydroxide and lithium carbonate.

Once the demonstration is successful, BHE Renewables plans to build, own and operate commercial lithium production facilities in California’s Imperial Valley. The joint venture also plans to license the technology and develop commercial lithium production facilities outside the Imperial Valley.

Securities Disclosure: I, Gabrielle de la Cruz, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Ukraine said Friday it had exposed a network of Hungarian spies trying to obtain defense secrets in a border region of Ukraine – the first time it said such an operation has been discovered.

The Security Services of Ukraine (SBU) said it had detained two Hungarian special services agents, whom it claims were reporting to a handler in Hungarian military intelligence and were looking for ground and air defense vulnerabilities in the southwestern Zakarpattia region, which borders Hungary.

“Comprehensive measures are currently underway to bring all members of the Hungarian intelligence network to justice,” said the statement.

Hungary responded to the arrests by expelling two of the staff at the Ukrainian embassy in Budapest.

Hungarian Foreign Minister Peter Szijjarto said on his Facebook page that two spies who had been working “under diplomatic cover” at the embassy were ordered to leave.

Ukraine and Hungary are at odds over the conflict between Ukraine and Russia and Ukrainian accession to the European Union. Hungary has also criticized European sanctions against Moscow.

The Hungarian government has also frequently complained that the ethnic Hungarian minority in Zakarpattia is discriminated against.

“The past three years have shown that the war in Ukraine is being fought not only on the battlefield, but also in the information space. Anti-Hungarian propaganda is often used without any factual basis,” Szijjarto said in a post on X in response to the arrests.

Speaking to reporters, Szijjarto said: “If we receive any details or official information, then we will be able to deal with this. Until then, I must classify this as propaganda that must be handled with caution.”

“We will not tolerate smear campaigns against Hungary and the Hungarian people,” he said, before alleging that “anti-Hungarian propaganda has intensified,” since the start of the war.

“We haven’t let Hungary be dragged into this war — and we won’t. That’s exactly why we keep being targeted,” Szijjarto said.

Ukraine’s SBU said the Hungarian spies were tasked with gathering information about the military security and studying the views of residents and “behavior scenarios” if Hungarian troops entered Zakarpattia.

The SBU alleged that one man from Berehove in Zakarpattia was recruited in 2021 and “activated” last September. It accused him of collecting information on the location of Ukrainian defense systems, including its S-300 anti-aircraft missile system in the region.

It also alleged he had attempted to recruit two other men as he tried to establish a “network of informants.”

The second person detained, a woman who left her unit in Ukraine’s Security and Defense Forces this year, had been tasked with informing the Hungarian special services about the defense systems of her unit and informing on the presence of aircraft and helicopters in the Zakarpattia region, the SBU claimed.

The Zakarpattia region stayed part of Ukraine after the breakup of the Soviet Union. The region was once part of the former Kingdom of Hungary and later Czechoslovakia.

According to a census in 2001, just over 150,000 ethnic Hungarians lived in the region, but the number is widely thought to have declined since then. Last year, representatives of the Hungarian-speaking community criticized a draft Ukrainian law that would have restricted the use of Hungarian in schools by allowing it to be used only in classroom activities and not outside classroom settings.

The two countries had disagreements over Hungary’s 2011 decision to relax its naturalization procedures and allow anyone who can speak Hungarian and has Hungarian ancestry to gain citizenship – even if they have never stepped a foot in the country. Tens of thousands of Ukrainians were granted Hungarian passports since then, despite Ukraine not allowing dual citizenship.

Hungarian Prime Minister Viktor Orban has opposed Ukraine’s accession to the EU in part because of claims that ethnic Hungarians in western Ukraine face discrimination.

Orban has remained on good terms with Moscow throughout the conflict and has opposed the growing raft of EU sanctions against Russia as well as EU aid packages for Ukraine.

On Wednesday, Orban said EU President Ursula von der Leyen “wants to pour further billions into Ukraine, pull Europe further into a losing war, and rush a bankrupt state into the EU.”

“Hungary won’t go along with this,” he said.

This post appeared first on cnn.com

Ukraine’s Western allies including the US are threatening to slap Russia with more sanctions if Moscow fails to sign up to the 30-day truce in Ukraine proposed by the United States.

US President Donald Trump on Thursday added the threat of additional sanctions from the US and “its partners” to his latest call for an “unconditional ceasefire” between Russia and Ukraine that Moscow has repeatedly rejected. A key meeting of leaders of Ukraine’s European allies is expected in Kyiv on Saturday in a further sign of growing pressure on Russia.

Trump has made ending the war in Ukraine one of his priorities and he has invested much effort into trying to get Russian President Vladimir Putin on board. Trump’s special envoy Steve Witkoff went to Russia four times to meet with Putin and there have been several other high-level meetings between US and Russian officials since Trump returned to the White House in January.

But despite offering some previously unthinkable concessions to Russia, the Trump administration has not been able to get Russia to agree to the limited ceasefire proposal, intended as opening a path towards a permanent truce.

Now it seems that Trump is rapidly losing his patience with Putin over this stalling. And the latest move by Trump marks another shift in US stance on the conflict, which had at times been sympathetic to Kremlin.

Just days ago, the US Secretary of State Marco Rubio threatened the US would walk away from the talks if there is no progress. Instead, the US is now leading Ukraine’s other Western allies in trying to put more pressure on Russia.

European leaders back Trump’s proposal

Ukraine’s President Volodymyr Zelensky hinted on Friday that an announcement outlining details of the ceasefire proposal is expected as early as on Saturday.

He said that leaders of the so-called “Coalition of the Willing” – a group of Western nations that have pledged to help defend Ukraine against Russia – will meet in Kyiv on Saturday, without giving any details of who would be attending the summit.

Trump spoke to Zelensky and a number of European leaders about the ceasefire proposal and sanctions on Thursday.

The French President Emmanuel Macron said he spoke with Trump “several times” on Thursday, “commending his strong call for an unconditional 30-day ceasefire.”

“We must all work towards this goal without delay, false pretenses, or dilatory tactics. Ukraine has already expressed its support for such a ceasefire nearly two months ago. I now expect Russia to do the same,” Macron said on X.

Macron added that if Russia fails to accept the proposal, France was “ready to respond firmly, together with all Europeans and in close coordination with the United States.”

Speaking on Friday alongside the Polish Prime Minister Donald Tusk, Macron confirmed there would be “a meeting, partly virtual and partly in-person” in Kyiv on Saturday.

Trump also spoke to the leaders of 10 countries northern European countries that form the security alliance known as the Joint Expeditionary Force (JEF) on Thursday. The leaders of the United Kingdom, Denmark, Estonia, Latvia, Lithuania, Netherlands, Norway, Sweden and Finland called both Trump and Zelensky during their dinner at a summit in Oslo, according to statements from the governments of several of the countries represented at the meeting.

“Our message to both presidents was that we are committed to a just and lasting peace in Ukraine. We also conveyed our full support for the proposal for a 30 days ceasefire and continued European and US commitment to the peace process,” Sweden’s Prime Minister Ulf Kristersson said in a statement on X.

On Friday, just as Putin hosted number of Kremlin-friendly world leaders, including the Chinese leader Xi Jinping, at a pompous military parade in Moscow, Ukraine’s European allies showed their support for Kyiv by sending top level delegations to a meeting in Ukraine.

Dozens of foreign delegations were in the western Ukrainian city of Lviv on Friday to endorse the ceasefire proposal and the establishment of a special tribunal to investigate crimes of aggression against Ukraine.

The EU’s foreign policy chief Kaja Kallas, UK Foreign Secretary David Lammy, Germany’s new Foreign Minister Johann Wadephul, the French Foreign Minister Jean-Noël Barrot and dozens of top diplomats from other European countries were among those attending.

This post appeared first on cnn.com

A diver died on Friday during preliminary operations to recover British tech tycoon Mike Lynch’s superyacht from the waters off the coast of northern Sicily, local police said.

The 56-meter-long (184-foot) Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it was likely hit by a downburst, a very strong downward wind, killing seven people, including Lynch and his daughter Hannah.

The accident happened on Friday happened while the diver was underwater in Porticello, police said, adding that the precise cause of death was still unknown.

The attempt to lift the yacht off the sea bed is expected later this month and should help shed light on how a supposedly unsinkable vessel disappeared into the sea.

Italian news agencies reported that the diver was a 39-year-old Dutch national who worked for the Dutch specialist salvage company Hebo Maritiemservice.

Hebo was not immediately available for comment.

This post appeared first on cnn.com

In the southern Philippine city of Davao, a spirited mayoral election campaign is in full swing, with candidates and their supporters out canvassing for votes.

But one of the leading contenders is conspicuously absent from the stump. Instead he’s 7,000 miles away, languishing in the custody of the International Criminal Court (ICC) in the Netherlands.

Former Philippine President Rodrigo Duterte is awaiting trial at The Hague for crimes against humanity, over a brutal war on drug dealers that killed possibly thousands of people, including many innocents and bystanders, with barely any kind of due process.

None of this affects the 80-year-old’s eligibility for the role of mayor of Davao – a job he held, on and off, for two decades. Under Philippine election law, only a criminal conviction in a local court can keep a candidate off the ballot.

Duterte could well win Monday’s election, thanks to his enduring popularity in the region, where many credit his two-decade iron grip with tightening up law and order, before he took his brutal zero-tolerance policy nationwide as president from 2016 to 2022.

“I grew up here all my life and when I was younger it was very dangerous, killings and fighting everywhere,” said Ian Baldoza, 46, a native of Davao who remains a loyal Duterte supporter.

“But as I grew older, I started to understand that those who were killed were drug addicts, dealers and troublemakers.”

Many Davao voters feel similarly, said Cleve Arguelles, a political scientist and head of polling firm WR Numero.

“His ICC arrest doesn’t really shake their core of who Duterte is but rather, paradoxically, it only reinforces what Duterte stands for,” he said.

Baldoza, the Duterte voter, said he witnessed neighbors killed by hitmen under Duterte’s drug war, yet his Facebook profile is full of pro-Duterte posts.

“We’re not looking for a saint, we’re looking for a leader with political will, and the Duterte family has that, especially in the patriarch,” he said.

While he has not commented publicly on the race, Duterte’s daughter Sara, the Philippine vice president, thanked supporters on her father’s behalf at a rally on Thursday.

“President Rodrigo Duterte thanks you all for your love, your continued support, and your prayers that he will one day be brought back to our country,” she told a crowd in the capital Manila, under heavy rain.

Thousands of local posts are up for grabs in the midterm elections across the archipelago nation of about 120 million people, ranging from district councilors and mayors all the way up to legislators.

Three generations of the Duterte clan are fighting elections. Duterte’s son Sebastian, the incumbent Davao mayor, will be his father’s running mate, while his other son, Paolo, is seeking re-election to the national congress. Two of Paolo’s sons are running for local council seats.

While his popularity seems impervious to decline, Duterte is not politically immortal. His old age and frail health also raise questions on the succession for the dynasty, which has not been as solid as it once was, said Ramon Beleno, a political analyst and former professor from Ateneo de Davao University, who has observed elections in the Duterte clan’s bailiwick for more than a decade.

“The people of Davao have this perspective that a political dynasty is OK if it’s working,” Beleno said.

“But it’s only working as long as the patriarch, the person who established the political dynasty, is still strong.”

Opposition camps, in the elder Duterte’s absence from the country, are re-emerging across Davao, according to Beleno.

Among them are descendants of the late former national House speaker Prospero Nograles, reigniting a decades-old family rivalry that typifies the nation’s clan-tinged politics.

Karlo Nograles is running against Rodrigo Duterte for the mayoralty while his sister, Margarita, a lawyer and rising TikTok influencer, is challenging Paolo.

Scandal-hit political dynasty

And cracks in the Duterte family name are beginning to show.

Vice President Sara Duterte is in a long-running feud with President Ferdinand Marcos Jr., and faces calls for her impeachment for alleged corruption, which she denies.

“In the past months my name and my family name has been dragged through the mud,” she said at the recent rally.

“I have repeatedly said this before, and I will say it again now – I am not the problem of this country. The Dutertes are not the problem of the Philippines,” she said, in a vailed dig at the incumbent Marcos administration, the family’s allies turned enemies.

Marcos Jr. hails from perhaps the most famous political family in the nation – he is the son of the late Philippine dictator Ferdinand E. Marcos.

Paolo Duterte and his bodyguards were recently embroiled in a nightclub brawl, prompting a businessman to file a complaint against him. He said in a video statement that the clip of the melee circulating on social media was “taken a very long time ago.”

If Duterte wins the mayoral election, he can still be sworn in by proxy or in absentia – possibly by a Zoom call, if the ICC allows it, according to political scientist and pollster Arguelles. His day-to-day duties would be delegated to the vice mayor.

But if Rodrigo Duterte is not allowed to be sworn in virtually, the runner-up – projected to be Karlo Nograles – would ascend to the seat.

Duterte ran the Philippines for six turbulent years, during which his brutal crackdown on drugs – which he openly boasted about – killed many young men from impoverished shanty towns, shot by police and rogue gunmen.

According to police data, 6,000 people were killed – but rights groups say the death toll could be as high as 30,000.

Duterte’s tough approach on drugs prompted strong criticism from opposition lawmakers who launched a probe into the killings. Duterte in turn jailed his fiercest opponent and accused some news media and rights activists as traitors and conspirators.

The ICC has set his next hearing for September 23.

This post appeared first on cnn.com

The leaders of Germany, France, the United Kingdom and Poland have arrived in Kyiv for meetings with Ukraine’s President Volodymyr Zelensky, a symbol of a united European position to publicly pressure Russian President Vladimir Putin.

Friedrich Merz, the new German Chancellor, French President Emmanuel Macron, Britain’s Prime Minister Keir Starmer and his Polish counterpart Donald Tusk arrived together Saturday morning at Kyiv’s main railway station, where they were met by Zelensky’s chief of staff Andriy Yermak.

The meetings are a sign of a renewed diplomatic urgency aimed at achieving a ceasefire in the war between Russia and Ukraine, which is grinding on despite US efforts to broker peace.

“There is much work to be done and many issues to discuss. This war must be ended with a just peace. Moscow must be forced to agree to a ceasefire,” Yermak wrote on his Telegram channel.

The first stop for the European leaders was Kyiv’s Independence Square where they stood to honor fallen Ukrainian soldiers.

Ukraine, supported by the Europeans, has been calling for an immediate unconditional 30-day ceasefire, something that US President Donald Trump is also demanding.

Russia has so far refused to commit, saying it supports the idea of a 30-day ceasefire in principle but insists there are what it calls “nuances” that need addressing first.

Kremlin spokesman Dmitry Peskov in an interview with ABC News on Saturday suggested that one of these “nuances” was putting a halt to the supply of US and European weapons to Ukraine.

Putin has often spoken about the need to address what he calls “root causes” – which are taken to mean, among others, the eastward expansion of NATO.

In a Truth Social post on Thursday, Trump wrote that “if the ceasefire is not respected, the US and its partners will impose further sanctions,” adding to a sense he is growing frustrated with Russian stalling.

The inauguration of Trump in January ushered in a complete change in the US’ diplomatic focus on the war, with Ukraine and key allies fearful of a significant tilt in US policy towards Moscow.

European leaders have convened a series of meetings in response, aimed both at showing the US that Europe can do more to support Ukraine militarily, as well as providing a single voice urging the US president not to take Russia’s side in the war.

“A just and lasting peace begins with a full and unconditional ceasefire. That is the proposal we are advancing with the United States,” French President Macron wrote on his X account Saturday morning.

“Ukraine accepted [the ceasefire proposal] on March 11. Russia, however, delays, sets preconditions, plays for time, and continues its war of invasion. If Moscow continues to obstruct, we will step up the pressure—together, as Europeans and in close coordination with the United States. We welcome President Trump’s call to move forward in this direction,” Macron added.

This post appeared first on cnn.com

Robinhood Markets, Inc. (HOOD) is back in the spotlight, wrestling with its four-year highs and turning heads on Wall Street. It debuted in 2021 as an IPO darling, capturing the imagination of young Gen Z traders before its dramatic fall as a meme stock fueled by crypto and an unhealthy dose of FOMO.

Now, with year-to-date gains outpacing the S&P 500 ($SPX), the former disruptor is looking to claim its space as a serious contender rather than a speculative fad.

Robinhood Stock’s Price Action: Breaking Out or Topping Out?

If you’ve been checking the StockCharts Technical Rank (SCTR) Reports, you’ve probably noticed the stock popping up on the Large Cap Top 10 list.

FIGURE 1. SCTR REPORT LARGE CAP TOP 10. Robinhood is second from the top.

If you’re eyeing HOOD, you’re likely asking two key questions: How is it performing relative to its Financials sector peers, and how strong is the sector itself in terms of market breadth? Just as important, you’ll want a longer-term view: How has the stock held up over time, both on its own and compared to the broader S&P 500?

Let’s tackle all those questions in one shot.

Financial Sector Breadth Shows Bullish Tailwinds for HOOD

The chart below, which tracks the Financial Sector Bullish Percent Index, offers a quick read on sector strength and market positioning.

NOTE: The BPI spans three years.

FIGURE 2. FINANCIAL SECTOR BPI. Market breadth and comparative price performance look exceedingly bullish.

From a breadth perspective, the Financial sector looks bullish, bordering on overbought, with over 82% of the stocks within the sector triggering Point & Figure Buy Signals, according to its Bullish Percent Index (BPI) reading. Meanwhile, HOOD is crushing it on a 3-year relative basis—outperforming its sector by 250% and the S&P 500 by nearly 300%.

This paints a bullish picture. But before jumping to conclusions, let’s take a step back and look at HOOD’s price history, going back to when it IPO’d in 2021.

From Meme Craze to Measured Recovery

Check out the weekly chart below.

FIGURE 3. WEEKLY CHART OF HOOD. It’s above the 10-week and 40-week SMAs, but it has quite a distance to go before testing its yearly high.

You don’t need annotations to spot where HOOD’s meme-stock frenzy peaked and where the crash began, fueled by a sharp drop in retail trading activity, crypto market volatility, and intensifying regulatory pressure.

After basing for two years, HOOD began picking up steam in 2024. Its improving technical strength is reflected in the sharp spike of its SCTR, breaking above the 90 line. Fundamentally, HOOD began to recover as it started raking in profits, expanding its product lineup, and reigniting its user growth.

It’s trading above its 10-week and 40-week simple moving average (SMA), which is equivalent to a 50-day and 200-day SMA, respectively. Still, it has quite a way to go before testing its high of $66.90.

Short-Term Trading Setup

If you’re looking to buy HOOD, you’ll need to zoom in to find favorable entry points. Let’s switch over to a daily chart.

FIGURE 4. DAILY CHART OF HOOD. Support levels are clear and accumulation looks promising.

HOOD was in an intermediate-term downtrend starting in early February, where it peaked at $66.90, all the way down to the early part of April, where it bottomed sharply at around $29. HOOD quickly recovered, breaking above $50 (a local swing high) to $54, where it is now (at the time of writing).

Can HOOD Hold Its Gains or Is Consolidation Coming?

The Stochastic Oscillator warns that HOOD may be overbought and due for a pullback. Here are a couple of scenarios to consider, and note that the Ichimoku Cloud visually provides a wider range of potential support:

  • Watch for support at $46 or $39, both recent swing lows.
  • If it stalls between those levels, it could signal a failed breakout and continued consolidation until a new catalyst emerges.
  • If it drops below $39, the next key level is at $29, but be a little cautious at that point, as such a deep retracement may indicate weakening momentum, sentiment, and fundamental weakness.

On the bullish side of things, the Accumulation/Distribution Line (ADL), currently well above the price, is indicating strong accumulation, suggesting that demand is outpacing supply—which, if it continues, can drive prices higher.

At the Close

Robinhood’s stock price is showing real signs of strength, not just on a chart, but in its fundamentals. With relative performance beating its sector and the S&P 500, and strong accumulation under the surface, HOOD’s comeback narrative is gaining technical validation. But with overbought signals flashing and key support levels in play, the next move may depend on whether bulls defend the breakout, or if the stock consolidates further while waiting for its next catalyst.

In either case, keep a close eye on volume, momentum shifts, and those support zones. HOOD may still have more room to run, but timing your entry could make all the difference.



Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your personal and financial situation, or without consulting a financial professional.

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  OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (‘ Brunswick ‘ or the ‘ Corporation ‘) (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the ‘ Agents ‘), in connection with a ‘best efforts’ private placement (the ‘ Marketed Offering ‘) for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the ‘ LIFE Units ‘) at a price of C$0.13 per LIFE Unit (the ‘ Offering Price ‘) and (ii) units of the Corporation (the ‘ Non-LIFE Units ‘, and collectively with the LIFE Units, the ‘ Offered Securities ‘) at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.

Each LIFE Unit will consist of one common share of the Corporation (each, a ‘ Unit Share ‘) and one half of one common share purchase warrant (each whole warrant, a ‘ LIFE Warrant ‘). Each whole LIFE Warrant will entitle the holder thereof to purchase one common share of the Corporation (each, a ‘ Warrant Share ‘) at a price of C$0.20 at any time for a period of 36 months following the Closing Date (as defined herein).

Each Non-LIFE Unit will consist of one Unit Share and one common share purchase warrant (each, a ‘ Non-LIFE Warrant ‘). Each Non-LIFE Warrant will entitle the holder thereof to purchase one Warrant Share at a price of C$0.25 at any time for a period of 36 months following the Closing Date.

The Agents will have an option, exercisable in full or in part, up to 48 hours prior to the Closing Date, to raise up to C$1,000,000 in additional gross proceeds from the sale of LIFE Units at the Offering Price (the ‘ Agents’ Option ‘, and together with the Marketed Offering, the ‘ Offering ‘).

Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions (‘ NI 45-106 ‘), the LIFE Units will be offered for sale to purchasers in all the provinces of Canada (the ‘ Canadian Selling Jurisdictions ‘) pursuant to the listed issuer financing exemption under Part 5A of NI 45-106. The securities to be issued pursuant to the sale of LIFE Units are expected to be immediately freely tradeable under applicable Canadian securities legislation if sold to purchasers resident in Canada.

The Non-LIFE Units will be offered by way of the ‘accredited investor’ and ‘minimum amount investment’ exemptions under NI 45-106 in the Canadian Selling Jurisdictions. The securities to be issued pursuant to the sale of Non-LIFE Units will be subject to a four-month hold period in Canada pursuant to applicable Canadian securities laws.

The Offered Securities may also be issued to purchasers outside of Canada, including to purchasers resident in the United States pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933 (the ‘ U.S. Securities Act ‘), as amended.

The Corporation intends to use the net proceeds of the Offering for exploration activities at the Company’s Québec and Greenland projects, as well as for general corporate purposes and working capital.

The Offering is scheduled to close on May 28, 2025 (the ‘ Closing Date ‘), or such other date as the Corporation and the Agents may agree. Completion of the Offering is subject to certain conditions including, but not limited to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

There is an offering document related to the Offering that can be accessed under the Corporation’s profile at www.sedarplus.ca and on the Corporation’s website at www.brwexplo.ca. Prospective investors should read this offering document before making an investment decision.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Corporation is focused on grassroots exploration for lithium in Canada, a critical metal necessary to global decarbonization and energy transition. The Corporation is rapidly advancing the most extensive grassroots lithium property portfolio in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO (info@brwexplo.ca)

Cautionary Statement on Forward-Looking Information

This news release contains ‘forward-looking information’ within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the Corporation’s expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering; the completion of the Offering and the date of such completion, approval of the TSX Venture Exchange and the filing of the offering document. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

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Errawarra Resources Ltd (ASX: ERW) is pleased to advise that it has awarded its inaugural drilling contract at the high-grade Elizabeth Hill Project, located in the Pilbara region of Western Australia.

HIGHLIGHTS:

  • Inaugural Drilling Contract awarded for Elizabeth Hill.
  • West Core Drilling has been awarded the diamond drilling contract under a partial drill for equity arrangement. Drilling is anticipated to commence imminently post EGM.
  • Drill targeting currently being finalised following site visit by Errawarra’s Management to ground truth targets.
  • Regional Soils program targeting regional structures with associated historical silver in soil anomalism is almost completed with 1,766 soils samples and 89 rock chip samples having been collected.
  • Rock chip sampling is aided using pXRF technology to qualitatively assess with the samples in the field.
  • Laboratory results are expected in 6-8 weeks.

Following a competitive tender process, the Company has awarded the diamond drilling contract to West Core Drilling. The upcoming drill program will be completed under a partial drill-for-equity arrangement and will focus on high-priority mine and near-mine targets. These include:

  • Near-surface mineralisation,
  • Down-plunge extensions, and
  • Strategic drill holes to enhance the geological understanding and structural orientation of the mineralised system.

Drilling is anticipated to commence in the week following the Company’s upcoming General Meeting (GM) planned for 19 May 2025.

Executive Director Bruce Garlick commented:

“We are delighted to partner with West Core as part of our inaugural drilling program. This contract award demonstrates our continued progression of the project, and we look forward to testing the asset with the drill bit in the coming weeks. It was also fantastic for the board to recently visit site and see all the readily available nearby infrastructure that could potentially feed into our development planning.”

Targeting for the drill program is currently being finalised, with active involvement from the Board of Errawarra and technical consultants ERM Consulting. A recent site visit completed by management has enabled ground-truthing of the high-priority targets.

As part of Errawarra’s ongoing project development and planning, management visited the Radio Hill processing plant, approximately 15 kilometres to the north which is owned by Artemis Resources (ASX: ARV) and currently in care and maintenance.

During the same site visit, the team also observed the almost completed regional soil sampling campaign which is targeting regional structures with associated historical silver in soil anomalism. A total 1,766 soil samples and 89 rock chips samples have been collected to date during this program which is anticipated to be completed in the coming week.

Click here for the full ASX Release

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