Morning Briefing: Nvidia reported record earnings, net profit nearly quadrupled
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Stock futures were lower in early morning trading on Thursday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end.
- Nvidia's shares rose in the extended session Wednesday after the chip maker's earnings topped Wall Street estimates
Market Snapshot
Stock futures were lower in early morning trading on Thursday after Wall Street suffered a sell-off as meeting minutes showed the Federal Reserve started eyeing tapering before the year-end.
Futures on the$Dow Jones Industrial Average(.DJI.US)$dropped 228 points.$S&P 500 index(.SPX.US)$futures and$NASDAQ 100 Index(.NDX.US)$futures were both in negative territory.
Top News
Fed signals asset purchases likely to slow this year
Minutes from the Federal Reserve's July 27-28 meeting show officials debated the timing and mechanics for reducing the bank's $120 billion in monthly bond purchases.
Alaska oil permits blocked by Federal judge
A judge threw out federal approval of a multibillion-dollar oil project planned for Alaska, saying the government failed to properly assess the project's impact on climate change and its potential harm to polar bears.
Is MSG bad for you? Not if it comes with a side of microchips
Japan' s Ajinomoto is renowned for inventing monosodium glutamate. It also makes a material that goes into the central processing units of computers around the world. Using byproducts from making MSG, Ajinomoto manufactures a type of insulation material called Ajinomoto Buildup Film.
Road trips, falling crude prices pump up refiners' profits
Refiners such as $Marathon Petroleum (MPC.US)$are benefiting from a surge in U.S. gasoline demand, but investors remain wary because of rising costs for meeting environmental rules.
Goldman Sachs expands in Europe with asset manager buy
$Goldman Sachs (GS.US)$has agreed to buy Netherlands-based European asset manager NN Investment Partners for around EUR1.6 billion.
CME and Cboe Stock Respond to Media Report of Deal Talks
Exchange operator $CME Group (CME.US)$denied a report that it had made a $16 billion acquisition offer to Cboe $Cboe Global Markets (CBOE.US)$, whose share price jumped 12% before finishing the day lower.
Walmart taps another former justice department official for compliance role
Matt Miner, who was a deputy assistant attorney general during the Trump administration, has been appointed $Walmart (WMT.US)$'s global chief ethics and compliance officer.
Nvidia's gaming chips drive record quarterly results
$NVIDIA (NVDA.US)$Sales rose by 68% to $6.51 billion in the period ended in July, while net profit nearly quadrupled, reaching $2.37 billion.
Illumina completes deal for Grail Despite FTC antitrust challenge
$Illumina (ILMN.US)$said it wrapped up the $7.1 billion acquisition of life-sciences firm Grail, despite a legal battle with the Federal Trade Commission and antitrust concerns in Europe.
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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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