Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
Intel reportedly edges closer to a groundbreaking deal with Apollo Global Management for an $11 billion investment in a new chip plant in Ireland. Exclusive negotiations signal imminent progress, marking a strategic move by CEO Pat Gelsinger to expand Intel's footprint amidst surging chip demand.
Paramount Global is currently in talks to share its financial information with Sony and Apollo, who are both interested in acquiring the U.S. media company.
Paramount Global shares are trading higher Thursday following a report that Sony Group and Apollo Management have submitted a $26 billion, all-cash offer for the company.