In this article MGM IAC Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:59 03:59 Barry Diller to make $18 billion bid for MGM Squawk Box Barry Diller's People Inc. is preparing a bid to buy casino giant MGM Resorts , a deal that would value it at more than $18 billion, CNBC's Andrew Ross Sorkin reported Monday. The proposal has not yet been finalized, though the company is planni...
In this article MGM IAC Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:59 03:59 Barry Diller to make $18 billion bid for MGM Squawk Box Barry Diller's People Inc. is preparing a bid to buy casino giant MGM Resorts , a deal that would value it at more than $18 billion, CNBC's Andrew Ross Sorkin reported Monday. The proposal has not yet been finalized, though the company is planning an offer of $48.30 per share in cash, Sorkin reported. MGM is the company behind major Las Vegas properties including Bellagio and Aria. MGM's stock was up roughly 14% in premarket trading Monday. Shares of Diller's firm were up 4% premarket. Diller already sits on the board of MGM Resorts and would recuse himself from any board vote on a potential deal, Sorkin reported. People Inc., formerly known as IAC, owns a roughly 26.1% stake in MGM. The bid could come as early as Monday. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
SimoneN/iStock via Getty Images Goldman Sachs raised its end-year copper forecast by more than 10% to $13,735/ton from a previous prediction of $12,465/ton, citing a weaker-than-expected mine supply outlook and tighter market balances outside the U.S. The bank cut its 2026 global mine supply outlook by 350K tons following disruptions at the Grasberg operations in Indonesia and Kamoa-Kakula mine in...
SimoneN/iStock via Getty Images Goldman Sachs raised its end-year copper forecast by more than 10% to $13,735/ton from a previous prediction of $12,465/ton, citing a weaker-than-expected mine supply outlook and tighter market balances outside the U.S. The bank cut its 2026 global mine supply outlook by 350K tons following disruptions at the Grasberg operations in Indonesia and Kamoa-Kakula mine in the Democratic Republic of Congo, as neither is set to return to full capacity until 2028. Stronger U.S. copper imports also exceeded expectations, prompting Goldman to sharply increase its projected copper deficit outside the U.S. market to 640K tons from 60K tons previously. Goldman expects the market to stay supported by structural demand from electrification and energy transition projects, although U.S. tariff policy remains a key risk for prices. "U.S. imports beat expectations in H1 2026, and we expect U.S. imports to reaccelerate over the coming month, reflecting the now-open import arbitrage," Goldman analysts said in a note, with the bank's baseline expectation for the U.S. to again delay any tariffs on refined metal. Citigroup also upgraded its forecast, seeing prices hitting $14.5K/ton this month and $15K within a year. "Lingering fears of U.S. tariffs on refined copper may support sentiment until at least the end-June review deadline," Citi analysts wrote, also noting that supply growth from mines and recycling has been weaker than expected, while demand from AI and the energy transition is "resilient." Copper ( HG1:COM ) on the London Metal Exchange rose 1.4% to $13,827.50/ton, while Comex copper futures jumped 2.6% to $6.55/lb, trading at a growing premium to the London benchmark. Potentially relevant stocks include Freeport-McMoRan ( FCX ), Southern Copper ( SCCO ), Ero Copper ( ERO ), Taseko Mines ( TGB ), Teck Resources ( TECK ), Hudbay Minerals ( HBM ), BHP ( BHP ), Rio Tinto ( RIO ), Vale ( VALE ), Anglo American (AUUKF) ( NGLOY ), Glencore ( GLCNF ), ( ...
Chancellor in talks with banks and investment funds about public-private partnerships to build infrastructure Business live – latest updates Rachel Reeves is examining how to attract funds from private investors to accelerate the government’s development of new towns in England. The chancellor has begun talks with some of the UK’s biggest banks and investment funds about building infrastructure fo...
Chancellor in talks with banks and investment funds about public-private partnerships to build infrastructure Business live – latest updates Rachel Reeves is examining how to attract funds from private investors to accelerate the government’s development of new towns in England. The chancellor has begun talks with some of the UK’s biggest banks and investment funds about building infrastructure for new towns based on public-private partnerships (PPP) – a successor to the much-criticised Tony Blair-era private finance initiative (PFI) . Continue reading...
Honeywell International Inc. -backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering to as much as $1.46 billion, raising the number of shares offered and the price range. The company is offering 26.5 million shares for $53 to $55 each, according to a filing Monday with the US Securities and Exchange Commission confirming an earlier Bloomberg News report ....
Honeywell International Inc. -backed quantum computing company Quantinuum Inc. boosted the size of its initial public offering to as much as $1.46 billion, raising the number of shares offered and the price range. The company is offering 26.5 million shares for $53 to $55 each, according to a filing Monday with the US Securities and Exchange Commission confirming an earlier Bloomberg News report . Quantinuum had previously offered about 21 million shares for $45 to $50 each. At the top of the new range, the company would have a market value of $14.3 billion based on the outstanding shares listed in its filing. The quantum computing firm’s IPO drew orders for a double-digit multiple of the number of shares available, people familiar with the matter said Friday. The company is on track to price after the market closes in New York on Wednesday and start trading the next day. Quantinuum makes powerful quantum computers that are capable of solving complex tasks beyond the abilities of traditional processors that could make exponential leaps in computing. The Trump administration is supporting the sector’s development, announcing on May 21 more than $2 billion in funding for a group of quantum computing firms in the US. Quantinuum is set to receive $100 million of those funds, and the government will receive a stake in return. Read More: IBM Shares Soar on US Funding for $2 Billion Quantum Push Quantinuum is developing platforms for use in fields such as chemistry, machine learning, cybersecurity, finance and drug discovery. The shares are expected to trade on the Nasdaq Global Market under the symbol QNT.
MillerKnoll ( MLKN ) announced on Monday that President and Chief Executive Officer Andi Owen will retire on June 30, 2026, as mutually agreed with the Board. The company highlighted that Owen has resigned from the Board and has begun a leave of absence from the Company, effective immediately. MillerKnoll stated that Jeff Stutz , the company's chief operating officer, will perform the duties of th...
MillerKnoll ( MLKN ) announced on Monday that President and Chief Executive Officer Andi Owen will retire on June 30, 2026, as mutually agreed with the Board. The company highlighted that Owen has resigned from the Board and has begun a leave of absence from the Company, effective immediately. MillerKnoll stated that Jeff Stutz , the company's chief operating officer, will perform the duties of the chief executive officer during Owen's leave of absence. The firm announced that Stutz will become interim chief executive officer of the company on June 30, 2026. MillerKnoll concluded that its Board will conduct a comprehensive search process, including internal and external candidates, with the assistance of a leading executive search firm, to identify the company's next CEO. Source: press release More on MillerKnoll MillerKnoll: Another Major Post-Earnings Pullback, But I'm Uneasy This Time (Rating Downgrade) MillerKnoll's Plunge Offers An Entry Point MillerKnoll misses top-line and bottom-line estimates; introduces Q4 outlook MillerKnoll outlines Q4 net sales outlook of $955M–$995M while expanding retail footprint and managing Middle East risks
Luis Alvarez Stock index futures edged higher as Wall Street hoped to kick off the new month on a positive note. Here are the four stocks to watch on the day: JetBlue Airways ( JBLU ) slipped 1.10% in premarket trading after the carrier updated guidance on Monday, pointing to some positive trends. The company highlighted that demand for travel has remained strong and consistent with trends observe...
Luis Alvarez Stock index futures edged higher as Wall Street hoped to kick off the new month on a positive note. Here are the four stocks to watch on the day: JetBlue Airways ( JBLU ) slipped 1.10% in premarket trading after the carrier updated guidance on Monday, pointing to some positive trends. The company highlighted that demand for travel has remained strong and consistent with trends observed earlier in the year during the second quarter, with healthy demand across the booking curve supported by strength for close-in travel. Notably, routes previously operated by Spirit Airlines have demonstrated outperformance following the airline’s shutdown. FedEx Freight Holding Company ( FDXF ) shares will be closely watched as they begin trading today after FedEx Corp. ( FDX ) completed the spinoff. The spinoff establishes FedEx Freight as an independent, publicly traded company and focused leader in the North American less-than-truckload industry. The new company will operate as the largest North American less-than-truckload carrier for small and medium-sized businesses. Salesforce ( CRM ) rose 5.26% in premarket trading after announcing plans to invest $2 billion in France through 2030. The investment includes the launch of a new AI Innovation Hub in Paris and expanded support for AI education, workforce training, customers, and partners in the country. The plans were announced at the Choose France summit and build on Salesforce’s previous five-year commitment of $3.5 billion to support its operations in France. MGM Resorts ( MGM ) jumped 15% in premarket trading on a report that Barry Diller is set to make an $18 billion bid for the casino giant . Diller’s People, formally IAC, will offer $48.30 a share in cash for MGM Resorts, according to a CNBC report on Monday. People already holds a 26% stake in MGM and two board seats, one of which Diller himself occupies. More related stories MGM: Better Vegas Trends Give The Stock Room To Run Salesforce, Inc. (CRM) Discusses P...
(RTTNews) - The Canadian market may move up a bit Monday morning as energy stocks are likely to find support thanks to rising oil prices. Worries about Middle East tensions and continued uncertainty about U.S. and Iran striking a peace deal could limit market's upside.
(RTTNews) - The Canadian market may move up a bit Monday morning as energy stocks are likely to find support thanks to rising oil prices. Worries about Middle East tensions and continued uncertainty about U.S. and Iran striking a peace deal could limit market's upside.
Korea has gone mad for AI. Capital-M Mad, the kind that turns a niche 3x leveraged country fund into the most-watched ticker on Korean retail brokerage screens. Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) opened 2026 at $181.55 and closed today at $1,014.98, a year-to-date move of 459.06% in under five months. Today ... This Niche 3X Korea Fund Rode the Memory Chip Boom to a 2,1...
Korea has gone mad for AI. Capital-M Mad, the kind that turns a niche 3x leveraged country fund into the most-watched ticker on Korean retail brokerage screens. Direxion Daily MSCI South Korea Bull 3X Shares (NYSEARCA:KORU) opened 2026 at $181.55 and closed today at $1,014.98, a year-to-date move of 459.06% in under five months. Today ... This Niche 3X Korea Fund Rode the Memory Chip Boom to a 2,108% One-Year Gain, but Don’t Expect a Repeat