Battle for Fox peeks above rivals as Disney bids high
New York Disney raises its offer above 71 billion dollars to acquire Fox entertainment assets, entering a fierce bidding war with Comcast and in the wake of AT T's 81 billion Time Warner deal. Analysts flag a possible ceiling near 75 to 80 billion while regulators loom.
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Fed chair signals gradual rate hikes in tame inflation era
Powell in Portugal says gradual short term rate increases likely to continue as unemployment sits at 3.8 percent and inflation near 2 percent. He warns against speeding hikes due to risk of reigniting inflation while noting wage gains are slow.
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