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MGM CEO leaves door open to People Inc. bid as casino dealmaking heats up
Source: CNBC
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Micron beats on earnings and issues strong guidance as global memory shortage continues
Micron is up over 500% in the past year as the company benefits from soaring AI demand.
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Fed watchdog finds renovation failures, but no grounds for criminal referral
The long-awaited report by the Fed's inspector general said it found no reasonable grounds to believe federal criminal law had been violated.
CNBC
Crude oil exports through the Strait of Hormuz hit prewar levels, but fuel shipments remain constrained
It is unclear how long the recovery can be sustained given that it relies on the U.S. military protecting tankers in the Persian Gulf.
CNBC
Stellantis CEO reconfirms 2026 guidance, says turnaround plan continues as automaker's shares hit new low
Stellantis CEO Antonio Filosa on Wednesday reconfirmed the company's 2026 guidance and its plans to be cash flow positive by 2027.
CNBC
Google rolls out Gemini 4 Argon, its most advanced AI model
Gemini 4 Argon is Alphabet's most advanced model yet, with major coding, cybersecurity, and complex professional work improvements.
CNBC
10-year Treasury is higher as traders look past inflation data, await jobs report
Treasury yields were lower on Wednesday following the release of lighter-than-expected U.S. inflation data.