Chipmaker Nvidia is reportedly in discussions to provide a $250 billion financial guarantee for an OpenAI data center project being developed by a SoftBank subsidiary, according to The Wall Street Journal.
The maker of Jack Daniel's whiskey announced its board reviewed and dismissed an unsolicited proposal from spirits company Sazerac, a decision backed by its controlling shareholders.
The U.S. chipmaker will acquire newly issued shares in the South Korean internet giant as part of a strategic investment to build a new data center, according to a regulatory filing.
Russia's benchmark stock index finished the trading session flat, masking underlying weakness as declining stocks outnumbered advancers and major oil producers posted significant losses.
A report from Goldman Sachs finds that U.S. equities have historically traded sideways ahead of midterm elections before rallying after the vote as policy uncertainty subsides.
House Republicans have unveiled a drastically smaller reconciliation package, cutting proposed defense funding to $60 billion, but Wolfe Research analysts believe its chances of enactment remain low due to significant political and procedural obstacles.
United Airlines reportedly made a merger approach to rival Delta Air Lines last year, and later to American Airlines, signaling an ambition for major consolidation that would have faced significant regulatory hurdles.
The Federal Reserve is widely anticipated to keep interest rates steady at its July meeting, with analysts at Citi pointing to cooling inflation and labor data as outweighing recent pressure from rising oil prices.
Assets under management in Brazilian exchange-traded funds have surged to 116 billion reais ($22.8 billion), nearly tripling as investors flock to tax-efficient fixed-income products.
