Morning Briefing: States target Google play store in an antitrust suit

Moomoo Breakfast US wrote a column · Jul 8, 2021 18:15

By Chloe

Good morning moomooers! Here are things you need to know before the opening bell:
- Future contracts tied to the major US stock indexes fell in the morning.
- US Treasury yield extend steep decline

Market Snapshot
Futures contracts tied to the major U.S. stock indexes fell in early morning trading Thursday after both the S&P 500 and Nasdaq Composite closed at records.

Dow futures dropped 399 points. Contracts tied to the S&P 500 and Nasdaq 100 were both in negative territory.

Morning Briefing: States target Google play store in an antitrust suit

$Bitcoin (BTC.CC)$, the leading cryptocurrency, was trading at $32611.6 at the time of writing, dipping 4.8% and $Ethereum (ETH.CC)$was trading at 2175, dropping 7.3%.

Top News

Fed's Bostic says time to taper is growing nearer, but won't put date on it

"We're getting close to a time when tapering will be appropriate," the Atlanta Fed president said.

Fed officials see earlier end for bond buying, emphasize patience

Minutes of June Fed meeting show how officials have been surprised by a stronger-than-expected surge in price pressures as the economy reopens.

U.S. Treasury yields extend steep decline

The yield on the 10-year note hit multimonth lows, highlighting concerns about the prospects for economic growth.

RBA governor says border closure could fuel surge in wages

Australia could face a surge in wages growth and inflation if the closure of the country's international borders to foreign workers continues for some time, Reserve Bank of Australia Gov. Philip Lowe said.

Behind OPEC deadlock, U.A.E. looks to non-oil future

One of the Mideast's biggest petrostates wants to pump more, now, so it can invest in diversification before oil demand diminishes.

U.S. job openings at record

Job openings rose at the end of May to 9.2 million jobs, the Labor Department said, setting a new high in records dating to 2000.

States target $Alphabet-C (GOOG.US)$play store in an antitrust suit

The complaint from 36 states and the District of Columbia alleges that the company monopolized the distribution of apps on mobile devices running the Android operating system.

Trump sues $Meta Platforms (FB.US)$, $Twitter (Delisted) (TWTR.US)$, $Alphabet-A (GOOGL.US)$to restore social-media accounts

The lawsuit claims the former president, who remains suspended from most social-media platforms following the Jan. 6 Capitol riot, was wrongly censored in violation of his First Amendment rights.

Travel is bouncing back strong, and airlines are racing to keep up

Stormy weather and staffing shortages have caused snarls this summer after airlines made deep cuts earlier.

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