Tuesday, 26 Nov 2024

Synthesis Energy Systems’ stock rockets 13-fold in 2 days

Tunisia's presidential candidates appear in TV debate

Tunisia’s 2 presidential candidates have gone head-to-head in a rare TV debate ahead of Sunday’s runoff vote.

    Tunisia will vote for its next president on Sunday, October 13.

    Voters are choosing between Nabil Karoui, who was recently released from prison, and retired law professor Kais Saied.

    They need to convince voters they will be able to solve crippling poverty and the issue of unemployment.

    Al Jazeera’s Hashem Ahelbarra reports from Tunis.

    Here’s how millennials are about to solve the coming Social Security crisis

    That’s just part of the boost aging millennials will deliver to the U.S. economy over the next decade, according to Smead Capital Management CEO Bill Smead.

    He explained to CNBC on Monday morning how “incredibly economically impactful things” are about to happen as millennials prioritize necessity spending. Big ticket items, he says, will soon be prioritized over “AppleAAPL, +0.18%devices, craft beer and ChipotleCMG, -0.43%burritos.”

    Smead cites the coming shift when millennials surpass baby boomers as the biggest living adult generation in the country.

    “We just love this circumstance because it is very possibly the changeover point now for what we have been waiting for a long time,” he said. “We are giving them the lowest interest rates in the history of the U.S.A. to form their lives. We are practically giving them the money to buy houses and buy cars etc.”

    Watch the full segment:

    Mozambique elections 2019: Final rallies held before vote

    Final campaign rallies have been held in Mozambique in the run-up to Tuesday’s general election.

      Final campaign rallies have taken place in Mozambique in the run-up to Tuesday’s general election.

      This will be the sixth vote since the end of the civil war in 1992.

      This time around, the ruling party faces a strong challenge from its main rival.

      Al Jazeera’s Malcolm Webb reports from Maputo.

      Indian economy on a shaky ground, says Nobel awardee

      Current data not assuring revival any time soon: Banerjee

      Indian-American Abhijit Banerjee, who on Monday won the 2019 Nobel for Economics, said Indian economy was on shaky ground.

      The data currently available do not hold any assurance for the country’s economic revival anytime soon, he stated.

      “The condition of the Indian economy is on shaky ground. After witnessing the present [growth] data, just can’t be sure about it [revival of economy in the near future]. In the last five-six years, we could at least witness some growth, but now that assurance is also gone,” Mr. Banerjee told a news channel from the U.S.

      The 58-year-old economist, who bagged the coveted prize jointly with his wife Esther Duflo and another economist Michael Kremer for his “experimental approach to alleviating global poverty”, said he never thought he would get a Nobel so early in his career.

      “I have been doing this research for the last twenty years. We have tried offering solutions towards alleviation of poverty,” Mr. Banerjee, who is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology (MIT), said.

      Tunisia: Unemployment, inflation crisis highlighted in election

      Reviving the economy will be one of the main challenges for the winner of Sunday’s presidential election runoff.

        In Tunisia, high unemployment and rising inflation have been major problems for years.

        Reviving the economy will be one of the main challenges for the winner of Sunday’s presidential election runoff.

        Al Jazeera’s Hashem Ahelbarra reports from the town of Mornag to see what farmers and other businesses want from their new leader.

        Breakingviews – The Exchange: A new space race

        LONDON (Reuters Breakingviews) – Fifty years ago, NASA landed the first people on the moon. Today, billionaires like Elon Musk and Jeff Bezos are blasting satellites into space to boost global internet coverage. Adrian Steckel of SoftBank-backed OneWeb explains why there’s a brewing gold rush in low-earth orbit.

        Ecuador government agrees to return fuel subsidies

        Indigenous representatives celebrate announcement, but condemn violent crackdown by police that has left at least 10 people dead, and sent more than 1,000 others to jail.

          Demonstrators in Quito are celebrating an agreement that has been reached between the Ecuadorean government and Indigenous leaders.

          Ecuador’s government has reached an agreement with Indigenous leaders to end days of violent protests.

          The unrest began after the government moved to end decades-old fuel subsidies.

          Al Jazeera’s Manuel Rapalo reports from the capital Quito.

          Welsh rugby player Brooke Morris missing after getting a lift from friends

          A search is under way for a missing Welsh rugby player who hasn’t been seen since the early hours of Saturday morning.

          Brooke Morris, 22, was last seen at about 2.30am on 12 October after her friends gave her a lift home from Merthyr Tydfil town centre.

          But police don’t think she entered her home in Trelewis and officers have been searching waterways and woods nearby.

          Her teammates on Nelson RFC Belles have shared desperate appeals in the hope she can be found.

          Synthesis Energy Systems’ stock rockets 13-fold in 2 days

          Shares of Synthesis Energy Systems Inc. SES, +361.78% soared 344% on very heavy volume toward a 15-month high, and have not rocketed 13-fold in two sessions. Trading volume was over 26.3 million shares, compared with the full-day average of 1.2 million shares. On Friday, the stock shot up 191.7% on volume of 32.6 million shares, which converts coal, biomass and municipal solid waste into a "clean" synthesis gas and methane announced a deal late Thursday in which Australian Future Energy Pty Ltd. would merge into a wholly-owned subsidiary of Synthesis Energy. The company also said it offered to buy 100% of the issued capital of Batchfire Resources Pty Ltd. Prior to the deal announcement, short interest in Synthesis Energy’s stock, or bearish bets, totaled about 83,940 shares, or about 7.3% of the tradeable float. In mid-July, short interest was about 2,800 shares. The stock has now rallied 269% year to date, while the S&P 500 SPX, -0.04% has gained 18.5%.

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