Premarket: Intel–SK Hynix talks, Expedia downgraded, Fed decision today

Bullish Gator

Intel and SK Hynix reportedly discuss a U.S. partnership; Morgan Stanley downgrades Expedia; markets await today’s Federal Reserve decision—Wednesday premarket headlines from Rick Ducat.

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What stands out

Reuters reported Intel is in talks with SK Hynix about a U.S. memory partnership, and CNBC and Bloomberg flagged a premarket pop after the report, small news on the surface, big for the narrative. Schwab’s premarket montage pairs that with a Morgan Stanley downgrade of Expedia and a Federal Reserve decision due today, so you get a reminder that markets trade both headlines and macro policy in the same breath. For Intel, a memory tie-up would be a strategic pivot that excites traders quickly but will not replace the need for months of operational and profit recovery.