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Why is Italgas stock rallying today?

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Impact appoints McKerlie as chair

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Impact appoints McKerlie as chair

West Perth-based junior Impact Minerals has appointed Jim McKerlie as its non-executive chair, effective immediately.

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Celtics Not Shopping Jaylen Brown Despite Playoff Exit and Salary Concerns, Insider Says

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Jaylen Brown #7 of the Boston Celtics

BOSTON — Despite a disappointing first-round playoff exit and mounting questions about roster construction under the NBA’s new collective bargaining agreement, the Boston Celtics are not actively shopping star forward Jaylen Brown or guard Derrick White this offseason, according to ESPN NBA insider Brian Windhorst.

Brown, coming off a season in which he expressed that it was his favorite year with the franchise despite the early postseason departure, has faced scrutiny and speculation about his future in Boston. However, Windhorst pushed back on trade rumors during a recent appearance on CLNS Media’s Boston Sports Network.

“I’m going to tell you I have not actually heard any material, true discussions. I’m certain maybe someone has called on Jaylen Brown maybe, but I have not heard one iota of Jaylen Brown truly being available or Derrick White being available,” Windhorst said.

The comments come as the Celtics navigate significant financial commitments. With Jayson Tatum recovering from an Achilles injury that sidelined him for much of the season, Boston had already shed big salaries last summer in anticipation of a step back. Heading into this offseason, the team remains committed to paying more than $145 million combined on Brown, Tatum and White.

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Brown, 29, signed a five-year, $304 million supermax extension in 2023 that runs through the 2028-29 season. His future with the team has drawn attention, particularly as the Celtics evaluate long-term flexibility under the apron rules that impose steeper luxury tax penalties.

White, who turns 32 in July, saw a statistical dip this past season. His Win Shares per 48 minutes fell to .129 from .161 in his first three full seasons with Boston, and his effective field goal percentage dropped to 48.9% after hovering around 57% previously. Despite the regression, his defensive versatility and playoff experience remain valuable assets for a contending roster.

The Celtics’ early playoff exit — their first since 2019 — has fueled broader discussions about roster tweaks. Tatum’s absence created challenges, with the team relying heavily on Brown and others to carry the load. Brown’s public comments about the season being his favorite sparked debate among fans and analysts regarding his mindset and fit alongside Tatum.

Windhorst’s reporting cools immediate blockbuster speculation, including hypothetical links to stars like Giannis Antetokounmpo of the Milwaukee Bucks. While some league observers have floated such scenarios due to Milwaukee’s own struggles, the insider emphasized there is no indication Boston is pursuing major shakeups involving its core.

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Boston’s front office, led by President of Basketball Operations Brad Stevens, has a history of patient roster building. After winning the 2024 championship, the team has prioritized continuity while managing cap constraints. The addition of younger talent and strategic depth moves could still occur without parting with Brown or White.

Brown has been a cornerstone in Boston since being drafted third overall in 2016. A two-time All-Star and 2024 Finals MVP, he has evolved into a dynamic scorer and defender. His playoff performances, including strong showings in previous deep runs, underscore his value even amid the recent setback.

Financial pressures loom large across the league. Teams above the second apron face restrictions on using mid-level exceptions and signing free agents, pushing organizations like the Celtics to evaluate high-salary combinations. Tatum and Brown’s deals represent significant long-term investments that could limit agility if the roster underperforms.

Despite rumors, multiple reports indicate the Celtics view Brown as integral to their future. His leadership and two-way play complement Tatum’s scoring prowess, forming one of the league’s most formidable duos when healthy. Any decision to move him would require a transformative return that few teams could offer.

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White, acquired in a 2022 trade from the San Antonio Spurs, has become a fan favorite for his hustle and basketball IQ. His contract extension through 2028-29 with a player option adds stability to the backcourt alongside Jrue Holiday or potential newcomers.

The broader NBA landscape features several stars potentially available, including Antetokounmpo amid Milwaukee’s rebuild considerations. However, Windhorst and other insiders have downplayed realistic pathways for Boston to acquire such talent without major upheaval.

For the Celtics, the offseason priorities likely include supporting Tatum’s recovery, adding perimeter shooting or frontcourt depth, and maintaining competitiveness in a loaded Eastern Conference. Free agency and the draft offer avenues for incremental improvements without disrupting the core.

Brown’s agent and the player have not publicly indicated dissatisfaction with Boston. His commitment to the organization remains strong, though the business of basketball often forces difficult choices as contracts mature.

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League executives acknowledge interest from teams like the Atlanta Hawks, Houston Rockets and others in Brown if Boston ever made him available, but current signals point to continuity. The Celtics’ asking price would likely be prohibitive, requiring multiple high-level assets and future picks.

As the June draft and free agency approach, Boston’s strategy will come into sharper focus. Fans hope for stability around Tatum and Brown, who have delivered memorable moments including the 2024 title. Rebuilding chemistry after injuries will be key for a bounce-back campaign.

Windhorst’s insights provide reassurance to the Celtics faithful that major changes involving franchise pillars are not imminent. While the salary cap realities demand vigilance, the organization appears committed to maximizing the current window with its star duo intact.

The coming weeks will test that resolve as offers arrive and internal evaluations intensify. For now, the message from reliable sources is clear: Jaylen Brown and Derrick White are staying put as the Celtics aim to return to contention.

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WA Supreme Court judge Stephen Hall to join CCC

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WA Supreme Court judge Stephen Hall to join CCC

The Supreme Court judge who presided over the Claremont serial killer trial will join the Corruption and Crime Commission after stepping down from the bench.

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KPMG, Billington and Hoxton Wealth sign up to The Plaza in Liverpool

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Bruntwood SciTech says landmark former Littlewoods HQ is at 97% occupancy

The Plaza, off Old Hall Street, Liverpool, as seen from Leeds Street

The Plaza, off Old Hall Street, Liverpool(Image: Reach plc)

Finance giant KPMG and food group Billington have signed up to landmark Liverpool office tower The Plaza as owner Bruntwood SciTech says the building is at 97% occupancy.

The Plaza was built in the 1960s for the Littlewoods empire and has been owned by Bruntwood for more than 20 years. It underwent a £3.7m refurbishment in 2022, and the building’s ground floor includes Michelin Guide restaurant Nord and a branch of Bold Street coffee.

Bruntwood Sci Tech says The Billington Group has now taken 5,687 sq ft of space in the building, with professional services firm KPMG and wealth manager Hoxton Wealth each taking 2,583 sq ft. That takes the 352,000 sq ft building to 97% occupancy.

Meanwhile Bruntwood Sci Tech – a joint venture between Bruntwood, L&G and the Greater Manchester Pension Fund – is adding a gym to the building’s ground floor.

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Sam Birtwistle, associate commercial director at Bruntwood SciTech, said: “These latest lettings demonstrate the breadth of demand we’re seeing at The Plaza, from global professional services firms to established regional businesses, all choosing the building for the quality, location and environment it offers their teams.

“As we continue to invest in the building, including the introduction of new amenities like the ground floor gym, we’re focused on ensuring The Plaza is a place where businesses and their people can thrive. We want to create an environment where people want to work and one that supports wellbeing, encourages collaboration and helps teams to be more productive and balanced day to day.”

The Billington Group traces its history back to 1858, when Edward Billington began importing tea, coffee and sugar into the UK. It sold its sugar business in the 2000s. Today its businesses include Billington Foods, which supplies the food service sector, agricultural supplier Carr’s Billington, agricultural commodity trading business Criddle and Co, and sauce maker the English Provender Company.

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MJ Gleeson profits to take hit after delay to major land deal

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The Yorkshire firm has highlighted that a significant land deal will not now complete in its current financial year

Inside Gleeson Homes' latest show home to open in Stanley

Inside Gleeson Homes’ latest show home to open in Stanley(Image: Gleeson Homes)

Housebuilder MJ Gleeson has highlighted a slowdown in land buying after saying that a major deal will not complete in its current financial year.

The Yorkshire firm’s Gleeson Land is aiming to finalise a deal which would account for around half its total forecast plots this year. But it said that the transaction is now unlikely to complete in the current financial year, while two smaller deals will also be delayed.

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The delay to those deals means adjusted group profit before tax is now likely to be £7.5m lower than current market expectations.

Gleeson said that “national housebuilders [are] reviewing their land buying strategies given the current market environment”. It added that “notwithstanding the timing differences on completions of the above sites, the group is encouraged that demand remains solid for high quality sites”.

CEO Graham Prothero said: “The Gleeson Land team have cleared almost all of the technical hurdles to facilitate the disposal of the major site and it is frustrating that completion will now fall into the next financial year. The progress to date should not be underestimated and represents a strong performance by the team.

“There is no doubt that housebuilders, in the south of England, are reviewing and reappraising their land buying strategies and we anticipate these conditions will continue through the next financial year.

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“The good news is that there is continuing demand for the highest quality developments, which is where Gleeson Land is now focused with a portfolio of prime sites. Transactions will take longer but we are confident that sales of prime sites will continue.”

Gleeson said that it would issue a full-year trading update on July 10.

The company’s update came as one of the country’s largest housebuilders, Bellway, warned of an uncertain future for the housing market as global issues hit confidence among potential buyers. It highlighted a slowing of customer demand in recent weeks which has been matched by its own caution in land buying.

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Citizens reiterates Galaxy Digital stock rating on prediction markets expansion

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Citizens reiterates Galaxy Digital stock rating on prediction markets expansion

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AI Trade Will Be Volatile Though Demand Signals Encouraging

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Stocks Little Changed After Fed Decision

Trade in artificial intelligence-linked stocks will continue to be volatile during a catalyst-heavy period, but the underlying investment case for the sector is strong, UBS Global Wealth Management’s Mark Haefele wrote.

Last week’s sharp fall in AI-related stocks was overdone given that “underlying measures of AI demand remain firmer than the market reaction suggests,” Haefele said.

Investors should look to spread their exposure to the sector across the AI supply chain, the chief investment officer wrote.

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Evercore: Quality Business, Limited Upside After A Record Quarter (NYSE:EVR)

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Evercore: Quality Business, Limited Upside After A Record Quarter (NYSE:EVR)

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I am an independent trader and analyst specializing in the micro-cap market. My strategy combines technical analysis with the CAN SLIM method, developed by William O’Neil, to identify high-growth, underanalyzed companies. I focus on financial trends, profit growth, and institutional capital accumulation to uncover stocks with significant upside potential. In addition to equities, I have experience in Forex trading, which has helped me better understand price movements, market volatility, and sentiment-driven trends. My research approach integrates both fundamental and technical analysis, allowing me to identify strong growth stocks before they gain widespread attention. Key indicators I prioritize include relative strength, trading volume shifts, and accelerating profit growth—all of which help pinpoint stocks with the highest potential. Writing for Seeking Alpha is an integral part of my investment process, enabling me to refine my strategies, test investment theses, and engage with the investor community. In my articles, I aim to deliver in-depth company analyses, focusing on stocks with strong growth trends, improving fundamentals, and technical setups that signal potential breakouts. Through structured research, I strive to enhance market understanding and provide actionable investment insights.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Disney Stock: Streaming Success Changes The Game As The One Disney Strategy Takes Shape

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Disney Stock: Streaming Success Changes The Game As The One Disney Strategy Takes Shape

This article was written by

Investing wisely does not have to be rocket science. It is about discipline and running the numbers. You don’t have to be like a grandmaster chess player playing the game twenty moves ahead of your opponent, you just need to understand how the pieces work.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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AI drives 40% of US job cuts in May as employers slash 97,000 positions

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Federal Reserve links tariffs to slower US employment growth rates

U.S. employers ramped up layoffs in May as the artificial intelligence (AI) rollout was the leading factor cited by companies cutting their workforces, new data shows.

Companies announced 97,006 job cuts in May – an increase of 16% from the 83,387 cuts in April and an increase of 3% from the 93,816 cuts announced last May, according to a recent report by global outplacement and executive coaching firm Challenger, Gray & Christmas.

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AI was the leading reason cited for job cuts for the third consecutive month, with 38,579 cuts attributed to AI. It’s the highest monthly total for the reason since Challenger began tracking it in 2023 and accounted for 40% of all the job cuts announced in May.

“The labor market is being reshaped by technology in real time. AI is now the leading reason companies give for cutting jobs and the primary industry citing it is technology,” said Andy Challenger, labor and workplace expert and chief revenue officer of Challenger, Gray & Christmas.

US ECONOMY ADDED 172,000 JOBS IN MAY, BEATING EXPECTATIONS

Job fair

Layoffs jumped in May compared with April and are up modestly from last year, the report found. (Allison Joyce/Bloomberg via Getty Images)

The tech sector announced 38,242 job cuts in May – the highest for the sector since August 2024. In 2026 so far, tech firms have announced 123,653 cuts, which is an increase of 66% from the same period in 2025, and it leads other sectors in job cuts this year by a wide margin.

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“AI isn’t yet the jobpocalypse some predicted. Like spreadsheets and email before it, the technology will ultimately make workers more productive, but our data shows companies are already acting on it, citing AI for more cuts than any other reason,” Challenger explained.

“The open question isn’t whether AI changes the workforce, but how fast,” he added.

WORKERS FACE GROWING ‘AUTOMATION ANXIETY’ AS TECH LAYOFFS SURGE, AI ADOPTION ACCELERATES

data center alley

Companies are reevaluating their workforces amid the surge of investment in AI and its implementation in corporate workflows. (Pete Kiehart/Bloomberg via Getty Images)

The transportation sector announced the second-most job cuts in May with 6,909 cuts, bringing the 2026 total to 40,388 and an increase of 449% from the same period a year ago.

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Services firms cut 6,268 jobs in May to bring the sector’s 2026 total to 17,065 – a decrease of 61% from the same period last year.

Healthcare and products manufacturers have also announced 30,414 job cuts so far this year, which represents a 17% increase from the same period a year ago.

INFLATION IS SQUEEZING AMERICAN CONSUMERS AND THE FED’S LATEST REPORT SHOWS IT’S GETTING WORSE

Hands hold an AI protest sign

AI has been the leading reason cited for layoffs for three straight months, the report found. (iStock)

Bankruptcy-related layoffs were the second-leading reason cited for job cuts, accounting for 5,637 in May. That’s the most bankruptcy-linked layoffs since February 2025 when 35,172 were announced.

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Market and economic conditions have been cited for 69,645 cuts in 2026 so far, while closings accounted for 66,733 and mergers and acquisitions were attributed to another 11,989 in that period. The number of job cuts linked to mergers and acquisitions is up more than six-fold from the 1,889 attributed to that reason in the same period last year.

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“On top of the headline AI story, we’re seeing a sharp rise in cuts tied to mergers and acquisitions and a jump in bankruptcy-related losses, which tells me companies are restructuring aggressively as they reposition for an AI-driven economy,” Challenger said.

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