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Airline stocks are rallying Monday and the U.S. Global Jets ETF (JETS) is on the verge of a new high for the year.
Source
CNBC
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Fox Corp. agreed to acquire Roku Inc. in a deal valued at about $22 billion including debt, creating a new television juggernaut and marking a big push into ad-supported streaming. The deal will blend Fox’s sports, news and entertainment channels, including the free, ad-supported Tubi, with Roku’s streaming platform of more than 100 million subscribers, the companies said in a statement Monday. The acquisition will create the third-largest player in the US television market by share of viewing,
AMD’s stock is surging, with the company now worth more than JPMorgan Chase.
US spot petrochemical prices continued to soften last week as easing tensions between the US and Iran weighed on export demand, though a series of operational issues along the Gulf Coast helped limit steeper declines.
