Billionaire investor Mario Gabelli may not sell his stock in Paramount (NASDAQ:PARA) even if it merges with popular Hollywood movie studio Skydance, the New York Post reported in an interview with him on Friday. “I may not sell stock if there is a deal with Skydance. I need to seeContinue Reading
Jul. 05, 2024 3:00 PM ETSPDR® S&P 500® ETF Trust (SPY)WMT, AAPL, AMZN, SON, JPM, C, PEP, CRM, CONN, HELE, ALK, CPA, FSS, GBX, ACLS, WFC, TSN, CAG, HLIO, WBD, DAL, SMCI, CNK, MGRC, PSMT, BCPC, ROCK, SSNLF, UAL, FCCN, META, MANU, BLBD, SEDG, UBER, ABNB, CVNA, WSC, CHWY, KRUS,Continue Reading
Siriporn Lin/iStock via Getty Images Update 2:45pm: Adds Solventum response. MediWound (NASDAQ:MDWD) soared 34% amid a report that Solventum (SOLV) made a $34 a share offer for the company. The management of MediWound (MDWD) is said to be evaluating the offer, according to a report from Israel’s The Marker earlierContinue Reading
Maksim Labkouski/iStock via Getty Images NCR Voyix (NYSE:VYX) edged higher by 2% amid a report that it’s evaluating the sale of its digital banking business. NCR Voyix (VYX) is trying to get as much as $3 billion for the unit and has hired Goldman Sachs to solicit interest from possibleContinue Reading
Sascha Schuermann/Getty Images News Baxter International (NYSE:BAX) rose 4% after a report that private equity firm Carlyle Group (CG) is in talks to acquire the kidney care spinoff for more than $4 billion, including debt. The parties entered into talks about the Vantive unit late last month, according to aContinue Reading
Wall Street on Friday notched a new intraday all-time high, while U.S. Treasurys rallied, as traders returned from a mid-week holiday to receive a nonfarm payrolls report that further supported the case for Federal Reserve interest rate cuts. Markets were shut on Thursday due to Independence Day. The benchmark S&PContinue Reading
Drew Angerer/Getty Images News Liberty Global (NASDAQ:LBTYA) has evaluated selling a stake in Swiss telecom operator Sunrise ahead of a planned spin-off later this year. Conversations have occurred with investors including the Swiss family office on the topic, according to a Reuters report on Friday, which cited people familiar withContinue Reading
Hirurg/iStock via Getty Images Penn Entertainment (NASDAQ:PENN) rose 3.4% amid a report that Flutter (FLUT) is interested in the interactive assets of Penn. Flutter pared some of an earlier gain amid the news. Flutter (FLUT) may want to partner with Boyd Gaming (BYD) as the owner of FanDuel is interestedContinue Reading
Stock index futures traded with caution on Friday, as investors keep their eyes peeled for a key jobs report, a day after the markets returned from the July 4th holiday. S&P 500 futures (SPX) were flat, Nasdaq 100 futures (US100:IND) +0.1% and Dow futures (INDU) +0.1%. The 10-year Treasury yieldContinue Reading
Tesla (NASDAQ:TSLA) shares are getting a modest boost Wednesday following reports that the company might qualify for a lower EU duty on its Chinese-made EVs. According to Politico, European Union inspectors visited the company’s Shanghai factory last week to evaluate whether cars manufactured at the facility were receiving unfair andContinue Reading
