- China Imposes New Rules to Block Foreign Companies From ‘Decoupling’
- China’s Export Momentum Slows Amid Iran War
- The Hormuz Blockade Is as Much About China as Iran
- Global Trade Customers Ask Container Lines to Keep Digital Transition Moving
- Trump’s Latest Oil Blockade Brings Bigger Economic Risks
- Global Oil Demand Heads for Contraction As Iran War Chokes Flows, IEA Says
- Oil Prices Slip and Stocks Gain as Investors Eye Possible Path to Peace
- What’s Driving the Wartime Stock Rebound
- For Investors Trying to Price Risk, AI Polling Is Long Overdue
- JPMorgan Profit Beats Estimates on Record Trading Haul, Strong Dealmaking
- Wells Fargo Interest Income Misses Estimates, Shares Fall
- The Salary Penalty: Why Trump’s Tax Bill Hits a Banker Harder Than a Plumber
- Crucial Home Selling Season Off to a Sour Start
- An Inflation Time Bomb Is Hiding in Home Insurance
- We Can’t Afford It Anyway
- The Death of the Basic American Car
- What Higher Oil Prices Mean for Nissan, EVs and Auto Demand
- CarMax Swings to Loss After Cutting Prices to Bring Back Shoppers
- Re-Imagining Capitalism or Re-Imagining Journalism?
- Neither Balanced Budgets Nor ‘Starve the Beast’ Will Limit Government
- Artemis Was a State Failure and a Human Triumph
- Utilities Plan to Spend $1.4 Trillion Over Next Five Years to Power AI Boom
- Stanford Report Highlights Growing Disconnect Between AI Insiders and Everyone Else
- Missouri Town Fires Half Its City Council Over Data Center Deal
- Electric Fury: Soaring Power Bills Threaten to Swing US Elections
- United CEO Has Pitched Possible Tie-Up With Rival American
- Amazon to Buy Satellite Operator Globalstar for $90 a Share
- Can Michigan Become the U.S. Drone Capital?
- J&J’s First-Quarter Sales Grow on Cancer-Drug Strength
- Unilever Bets Big on Gummies as Next Frontier in Wellness
- Imperial Brands Shares Fall After Cigarette Maker Warns of Market-Share Loss
- Hollywood Heavyweights Sign Letter Opposing Paramount’s Deal for Warner Bros.
- Social Media Just Isn’t Very Social Anymore
- No Skirts, No Shoes: The Team-Building Exercise Where You Climb on the Boss
PC stocks fall after Nvidia (NVDA) denies report in talks to buy a PC-focused company. (00:14) Airline blockbuster: United (UAL) CEO teases interest in merger with American(AAL). (01:10) Amazon (AMZN) in advanced talks on Globalstar deal to rival Starlink: report. (01:54)
This is an abridged transcript.
Nvidia (NVDA) has denied a report that it's in talks to buy a PC company.
The report boosted shares of PC makers Dell (DELL) and HP Inc. (HPQ). Dell closed Monday 6.7% higher. HP rose 5.3%. In premarket action, each is down more than 2%.
An Nvidia spokesperson told Seeking Alpha in an email, “The media report is false; Nvidia is not engaged in discussions to acquire any PC maker.”
SemiAccurate earlier on Monday reported that Nvidia (NVDA) was in negotiations for over a year to acquire a large company, and it will reshape the personal computer landscape.
The news outlet noted that it has been following the story since late 2024, adding that the time is approaching to make a deal or walk.
Dell and HP did not immediately respond to a request for comment from Seeking Alpha.
United Airlines (UAL) CEO Scott Kirby has discussed with senior government officials a possible merger with American Airlines Group (AAL), sources tipped Bloomberg.
A combination of two of the largest U.S. airlines would face opposition from consumer groups and be scrutinized by regulators since United (UAL) and American (AAL) control more than a third of the U.S. airline market.
Airline industry consolidation is something that Kirby has discussed openly this year, although analysts took his comments to indicate that United (UAL) might try to acquire a smaller regional airline, not combine forces with a legacy player.
Shares of American Airlines (AAL) rallied 5% in premarket trading, while United (UAL) gained 1.6%.
Amazon.com (AMZN) is in advanced talks to acquire satellite operator Globalstar (GSAT).
The deal would boost the tech giant’s efforts to build its own satellite operation.
People familiar with the matter told Bloomberg that a transaction could be announced as soon as Tuesday. The report said a final agreement has not been reached and talks might still end without one, or the timing could change.
Globalstar’s (GSAT) shares have almost quadrupled in the past year, giving the company a market value of about $9.4B.
The deal would strengthen Amazon’s (AMZN) low-Earth orbit satellite ambitions, “Project Kuiper” or branded “Leo,” and help it compete with SpaceX’s (SPACE) Starlink network.
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Stock index futures are in the green as investors grow optimistic about potential U.S.-Iran peace talks.
The gains followed comments from President Trump indicating that Iran had reached out for potential negotiations, even as the U.S. moved forward with a naval blockade of the Strait of Hormuz. Asian equities also rallied on hopes that a deal could lower oil prices and support global growth.
Crude oil is down 2.4% at $96. Bitcoin is up 0.3% at $74,000. Gold is up 0.8% at $4,785.
The FTSE 100 is up 0.1% and the DAX is up 1.2%. India (SENSEX) markets closed for a holiday.
The biggest movers for the day premarket: Bloom Energy (BE) +15% - Shares surged after Oracle (ORCL) expanded its partnership with the firm to procure up to 2.8 GW of fuel cell capacity to power AI data centers, with an initial 1.2 GW already contracted and deployment underway through 2027.
Economic calendar:
- 8:30 am PPI