Investing.com -- U.S. stock futures edge down as investors prepare for incoming labor market data during a holiday-shortened trading week. Federal Reserve Chair Jerome Powell is due to speak at an European Central Bank event, with the Fed's potential interest rate path for the rest of the year in focus. Elsewhere, U.S. federal prosecutors are reportedly awaiting a decision from Boeing signaled that it only expects to reduce borrowing costs once this year -- down from three in March.
Diller’s media conglomerate IAC signed nondisclosure agreements with National Amusements, Paramount’s controlling shareholder, the NYT report said, citing people close to the matter. A nondisclosure agreement usually precedes negotiations over a deal. Diller had bid for Paramount in the early 1990's, but was outbid by Sumner Redstone, whose daughter Shari now controls the studio. Diller had also led the studio in the 1970's and 80's, and was credited with reviving it through several popular projects.
Gasoline demand in the U.S., the world's biggest oil consumer, is expected to ramp up as the summer travel season gathers steam due to the Independence Day holiday.
Source: Financial Digest (financialdigest.net)
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