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-- 9.080 Morning Briefing: Intel CEO talks up subsidies for pricey chip plants
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Futures contracts tied to the major U.S. stock indexes slipped early Monday morning, as the S&P 500 hovered in record territory after last week' s modest gains.
- Pat Gelsinger, Intel CEO, who is trying to re-energize the U.S. chip maker, has sought out government leaders to gain their support for Intel's ambitious investment plans.
Market Snapshot
Futures contracts tied to the major U.S. stock indexes slipped early Monday morning, as the S&P 500 hovered in record territory after last week' s modest gains.
$Dow Jones Industrial Average(.DJI.US)$futures fell 82 points, or 0.2%.$S&P 500 index(.SPX.US)$and$NASDAQ 100 Index(.NDX.US)$futures dipped 11 points and 30 points, respectively.
Those moves came after a mostly positive trading week punctuated by closely watched economic data and corporate earnings.
Top News
Economy week ahead: retail sales, industrial output, Fed Minutes
Markets this week will focus on U.S. retail sales and minu tes from the Federal Reserve's July policy meeting.
Nancy Pelosi looks at advancing infrastructure and budget framework simultaneously
The shift in tactics comes after moderate House Democrats demanded a quicker vote on a bipartisan infrastructure bill.
Small traders pile back into cryptocurrencies
Cryptocurrencies are surging again even as hedge funds and other large traders bet their prices will decline.
As electric air taxis land on stock markets, investors need a flight guide
Investors may soon face a choice between first movers like Joby and more niche players such as Lilium and even air-ambulance startup Dufour.
Intel CEO talks up subsidies for pricey chip plants
$Intel (INTC.US)$Pat Gelsinger, who is trying to re-energize the U.S. chip maker, has sought out government leaders to gain their support for Intel's ambitious investment plans.
Oil giants turn to startups for low-carbon energy ideas
$BP PLC (BP.US)$and $Royal Dutch Shell-A (RDS.A.US)$are bolstering their venture capital arms as they seek to reduce their dependence on fossil fuels.
Shale pioneer Chesapeake touts natural gas again
$Chesapeake Energy (CHK.US)$The company has agreed to purchase Vine Energy, positioning itself for the export market six months after exiting bankruptcy.
Hyatt plans to buy Apple Leisure Group from KKR and KSL Capital for $2.7 billion
$Hyatt Hotels (H.US)$The transaction is the latest sign of optimism about a return to vacation travel even as the U.S. economy continues to grapple.
Read More:
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Anne Anne : Great
102370557 Anne Anne : thanks for the updatea
102318289 : great!
MooBao : Good
Damienvks :
tanjxg :
Nemesis Lee : The Asian powerhouses TSMC and Samsung has worked hard to catch up and overtake the complacent American companies like Intel…. There is no way they can ever catch up if you know how hard they work here.