Money

T-Mobile to buy Mint Mobile in $1.3bn deal

Published

3 years ago

March 16, 2023

ticker NEWS

Actor Ryan Reynolds owns a minority stake in the wireless provider

Ryan Reynolds is about to have a very nice nice payday.

T-Mobile has announced it’s buying budget wireless provider Mint Mobile in a larger deal worth over $1.3 billion.

The acquisition of Mint Mobile’s parent company will also include international calling service, Ultra Mobile and wireless wholesaler, Plum.

Reynolds, who purchased a minority stake in Mint Mobile in 2019, and will stay on in his “creative role” on behalf of the company.

Taking to Twitter, Reynolds says he “never dreamt” he’d own a wireless company and “certainly never dreamt” he would later sell it to T-Mobile.

Mint Mobile was created in 2016 with the goal of delivering an “affordable, premium wireless” service direct to consumers.

At the time, Reynolds said he was “excited to champion a more practical approach to the most essential technology.”

Money

Dow hits record after U.S. military action in Venezuela

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

Published

23 hours ago

January 6, 2026

Harvey Vargas

Dow Jones surged 600 points post-U.S. action in Venezuela, boosting energy stocks amid cautious gold futures rise.

The Dow Jones Industrial Average surged nearly 600 points to a record close following U.S. military action in Venezuela. Investors responded positively, signalling confidence that the geopolitical situation would not spiral out of control.

Stocks rallied alongside rising crude oil prices, with energy companies like Chevron and Exxon Mobil leading the gains. Analysts noted that oil infrastructure rebuilding in Venezuela could provide long-term benefits for the sector.

Despite the bullish market reaction, gold futures also rose, suggesting that some traders remain cautious amid global uncertainties.

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Money

Wall Street eyes further gains in 2026 as rate cuts fuel optimism

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

Published

2 days ago

January 5, 2026

Harvey Vargas

Wall Street enters 2026 optimistic as falling interest rates and strong earnings drive stock market expectations amid economic resilience.

Wall Street is entering 2026 with renewed confidence as falling interest rates and robust corporate earnings lift expectations for continued stock market gains. Analysts say an easier monetary policy is providing fresh momentum for equities after several strong years.

The US economy has continued to show resilience, with businesses maintaining healthy balance sheets and earnings growth holding up despite global uncertainty. Lower borrowing costs and supportive fiscal settings are expected to further boost investor sentiment.

However, market watchers remain cautious, warning that optimism could fade quickly if economic data disappoints or inflation pressures return.

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Money

US captures Maduro, investors brace for market impacts

US captures Venezuela’s Maduro, marking significant geopolitical escalation and sparking mixed reactions from investors and economists

Published

3 days ago

January 4, 2026

ticker NEWS

US captures Venezuela’s Maduro, marking significant geopolitical escalation and sparking mixed reactions from investors and economists

In Short:
– The U.S. captured Venezuelan President Nicolas Maduro on January 3, 2026, amid geopolitical tensions.
– Experts predict varied market impacts, emphasising complexities in Venezuela’s oil sector recovery.

The United States has announced the capture of Venezuelan President Nicolas Maduro following a military strike on January 3, 2026.

The intervention marks a significant escalation in geopolitical tensions, with accusations against Maduro including drug trafficking and illegitimacy in power.

President Donald Trump confirmed the operation, stating Maduro and his wife were apprehended and removed from Venezuela.Washington’s direct military engagement in Latin America has been rare since the 1989 invasion of Panama. Trump indicated in a later press conference that the U.S. would oversee Venezuela’s governance, with Secretary of State Marco Rubio involved in planning the next steps.

Economic experts provided varied opinions on the situation.

Market Impact

Jamie Cox of Harris Financial Group stated market reactions will likely remain muted pending the outcome of an OPEC meeting.

Helima Croft from RBC Capital Markets highlighted the complexities of rebuilding Venezuela’s oil sector post-conflict.

Brian Jacobsen from Annex Wealth Management expressed that the campaign was expected and could significantly unlock oil reserves.

Marchel Alexandrovich noted that geopolitical risks are increasingly influencing market dynamics, while Tina Fordham warned about the potentially messy nature of change in Venezuela despite optimistic outlooks.