) are moving higher in Monday's premarket trading, as markets prepare for a busy week filled with key economic data and the start of first quarter earnings season.
This week, closely watched inflation metrics, including the Consumer Price Index , Producer Price Index , and initial jobless claims, will be released. These data points will provide insight into the strength of the economy and could signal the Federal Reserve's next moves regarding interest rate cuts.
Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. Shares of the REIT jumped about 23%. A top real estate investor, Blackstone has been sharpening its focus on rental housing, betting on its revival as the supply of apartments in the U.S. is expected to decline due to a slowdown in construction.Wall Street hopes for a quick follow-up to Bitcoin ETFs are fading fast.
Vince McMahon, After Quitting TKO Board, Is Selling $311 Million in Stock Back to WWE’s Parent Company and Endeavor Vince McMahon continues to cash out his stock in TKO Group Holdings, the company formed by the merger of WWE and UFC that is majority-owned by Endeavor. McMahon, the founder of WWE, resigned from the board of TKO Group in January 2024 in the wake of sexual assault and sex trafficking allegations against him by a former employee … -- Defaulted Chinese developer Shimao Group Holdings Ltd. is facing a demand to liquidate from creditor China Construction Bank Corp.
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