Tom Yeung here with your Sunday Digest. In 1792, 24 merchants and brokers gathered on Wall Street to sign the Buttonwood Agreement, which became the foundation for the New York Stock Exchange (NYSE).  They got a great deal. Over the following two centuries, entry into the fast-growing NYSE became harder and pricier to come by. By the 1990s, memberships (seats) were sold for over $6 million in inflation-adjusted dollars. Now, the funny thing about these types of security “marketplaces” is that they are the u ...

This effectively means that you, as the beneficiary, would be responsible for paying capital-gains tax on any appreciation when you eventually sell the asset, not the trust. “So if the trustee distributed the stock/funds instead of cash, there is a potential tax-rate arbitrage to play depending on the facts,” Pantekidis says. “We go through this with our clients yearly, especially younger beneficiaries that have little to no income.”“If beneficiaries receive trust assets ‘in kind,’ then normally, when a tru ...

CEO pay at top American companies rose to a median of $16.8 million in 2024. This was a 7.4% rise from just the year before, and it's part of a long-term trend that's been going on for decades. Meanwhile, the average worker's pay rose by less than 4% in the same period, which is not enough to keep up with inflation. Numbers like these matter in debates about inequality, corporate governance, and worker morale. This article breaks down how executives are paid, how their pay has changed over time, and how ...

Core Insights - The Zacks Securities and Exchanges industry is benefiting from a diversified product portfolio, increased trading volumes, and the growing adoption of crypto assets, which is expected to enhance revenues for key players like S&P Global, Intercontinental Exchange, CME Group, Nasdaq Inc., and Cboe Global Markets [1][2] - The industry is focusing on non-trading revenue sources, including market technology and information services, to create stable cash flows and reduce reliance on trading income [4][5] Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodity contracts, generating revenue from fees and providing data services [2] - The industry is experiencing increased adoption of crypto assets, but faces challenges due to regulatory compliance [2] Trends Shaping the Industry - Trading volume is driven by volatility, with a projected market size of $49.6 billion by 2028, growing at a CAGR of 12.1% [3] - Companies are diversifying into recurring revenue sources to stabilize income amidst fluctuating market volumes [4] - Mergers and acquisitions are on the rise, helping companies expand their market reach and product offerings [5] - Continuous investment in technology, particularly AI and blockchain, is enhancing operational efficiency and competitiveness [6][7] Industry Performance - The Zacks Securities and Exchanges industry ranks 24, placing it in the top 10% of Zacks industries, indicating strong near-term prospects [8][9] - The industry has outperformed the broader Zacks Finance sector and the S&P 500, gaining 15% year-to-date compared to 10.7% and 9.5% respectively [12] Valuation Metrics - The industry is currently trading at a trailing P/E of 26.32X, higher than the S&P 500's 22.85X and the sector's 16.89X [15] Company Highlights - **Nasdaq**: Focused on maximizing non-trading revenue and technology services, with a projected EPS growth of 17.4% and 11.5% for 2025 and 2026 respectively [19][20] - **S&P Global**: Positioned to benefit from growing demand for business information services, with EPS growth estimates of 9.2% and 11% for 2025 and 2026 [22][23] - **Intercontinental Exchange**: A leading operator with a strong portfolio and expected EPS growth of 15% and 10.8% for 2025 and 2026 [25][26] - **CME Group**: The largest futures exchange, focusing on expanding product offerings, with EPS growth estimates of 8.6% and 3.8% for 2025 and 2026 [28][29] - **Cboe Global Markets**: Expanding product lines and geographic reach, with EPS growth projections of 11.5% and 5.9% for 2025 and 2026 [32][33]

Core Points - Montero Mining and Exploration Ltd. has approved the repricing of 741,667 outstanding incentive stock options from a range of $1.98 to $2.04 per share to $0.30 per share [1] - The company intends to seek disinterested shareholder approval for the repricing of 650,000 stock options held by insiders at its next annual general and special meeting expected in Q4 2025 [2] - Montero recently concluded a $27 million settlement with the Government of Tanzania regarding the expropriated Wigu Hill rare earth project [3] - The company holds the Avispa copper-molybdenum project in northern Chile and is advancing it through exploration [4] - Montero is listed on the TSX Venture Exchange under the symbol MON, with 8,353,833 common shares and 741,667 stock options outstanding [4]

Core Points - Fitzroy Minerals Inc. has granted 5,900,000 stock options to directors, officers, and consultants under its stock option plan [1][2] - The options are exercisable at a price of $0.35 per common share until July 11, 2030, with immediate vesting and a hold period of four months and one day [2] - The grant of options constitutes a related party transaction, exempt from formal valuation and minority shareholder approval due to specific exemptions [2] Company Overview - Fitzroy Minerals is focused on exploring and developing mineral assets in the Americas, with projects including Caballos Copper and Polimet Gold-Copper-Silver in Chile, Taquetren Gold in Argentina, and Caribou in Canada [3] - The company's shares are listed on the TSX Venture Exchange under the symbol FTZ and on the OTCQB under the symbol FTZFF [3]

Core Viewpoint - GoldHaven Resources Corp. has appointed Robert Birmingham as the new President & CEO, replacing Chris Cooper, who will remain as a Director of the Company [1][4]. Group 1: Leadership Changes - Robert Birmingham brings over 15 years of capital markets experience with a focus on corporate development, M&A, and capital raising [2]. - Birmingham previously served as President of Boa Gold Corp., which was acquired by GoldHaven in January 2025, providing him with intimate knowledge of the Copeçal project [3]. Group 2: Company Projects - GoldHaven Resources Corp. is focused on acquiring and exploring land packages in North and South America, with key projects including: - The Magno Project, a polymetallic property in British Columbia [5]. - The Three Guardsman Project, which has potential for copper and gold-skarn mineralization [5]. - The Copeçal Gold Project in Brazil, which is drill-ready and has a 6km strike of anomalous gold in soil samples [5]. - Three critical mineral projects in Brazil, totaling 123,900 hectares [5]. Group 3: Stock Options - GoldHaven has granted incentive stock options to directors, officers, and consultants to purchase up to 850,000 common shares at an exercise price of CAD 0.105 per share, exercisable until June 3, 2027 [4].

As noted in the Company's information circular dated April 16, 2025, the Plan is subject to receipt of shareholder approval to be sought at the AGM. Further to the Company's news release of April 23, 2025, the Company has received regulatory clearance for the Option Agreement between the Company and Alta Copper Corp. dated April 22, 2025 (the "Option Agreement"), and the Company issued the initial common shares under the terms of the Option Agreement. About Precore Gold Corp. VANCOUVER, British Columbia, Ma ...