The Wall Street Journal reported MGM was exploring an offer for People Inc. after People Inc. withdrew its $48.30-per-share proposal to buy the rest of MGM.
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Mattel announced on Wednesday that Roger Lynch would serve as CEO and Chairman, replacing Ynon Kreiz.
Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and its plans to be cash flow positive by 2027.
Trump criticized $2.4bn rehab amid attempts to pressure then Fed chair Jerome Powell into lowering interest rates An internal watchdog said the Federal Reserve mismanaged costs associated with a $2.4bn renovation of its Washington DC headquarters, but noted that no criminal violations occurred, according to a report released on Wednesday. For over a year, Donald Trump has centered his attacks against the Fed and former chair Jerome Powell around the renovations, including a months-long Department of Justice criminal investigation that was dropped in…
Good economic news boosted Wall Street’s main indexes on Wednesday, as a softer-than-anticipated inflation reading buoyed up hopes that the Federal Reserve might not hike rates as soon as next month. A commerce department report showed the personal consumption expenditures (PCE) price index stood at 3.4% on an annual basis in August against estimates of 3.7%, per economists polled by Reuters. Separately, second-quarter GDP data – the broadest measure of the economy’s health – showed that the US economy grew at a solid clip, driven by robust consumer spending and business investment related to the buildout of AI infrastructure.