Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge

Stock Futures Drop Ahead of Fed’s Favored Inflation Gauge

U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and awaited a gauge of inflation that Federal Reserve officials consider their preferred measure of rising prices. Futures tied to the S&P 500 dropped 1.5%, a day after indexes finished little changed. Dow Jones Industrial Average futures fell … Read more

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Media Group the nation’s biggest owner of local television stations, is close to a deal to acquire majority control of the CW Network from co-owners Warner Bros. Discovery and Paramount Global according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of the CW, a broadcast network aimed … Read more

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Nears Deal to Acquire Majority Control of CW Network

Nexstar Media Group the nation’s biggest owner of local television stations, is close to a deal to acquire majority control of the CW Network from co-owners Warner Bros. Discovery and Paramount Global according to people familiar with the matter. Under the terms being discussed, Nexstar would acquire 75% of the CW, a broadcast network aimed … Read more

Asian markets mixed as China reports stronger manufacturing activity

Asian markets mixed as China reports stronger manufacturing activity

BEIJING — Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. The Nikkei 225 NIK, -1.44% in Tokyo fell 1.3% after June industrial production slumped 7.2% compared with the previous month. That was the sharpest decline since the start of the coronavirus pandemic in early 2020. The … Read more