Morning Briefing: Disney is considering purchasing Spider-Man rights from Sony

Moomoo Breakfast US wrote a column · Aug 23, 2021 18:22

Morning Briefing: Disney is considering purchasing Spider-Man rights from Sony

By Julianna

Hey, moomooers! Here are things you need to know before the opening bell:

- Stock futures were higher in early morning trading Monday following a volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus.

- Over the years a battle has brewed between the Walt Disney and Sony. The battle stems from the controlled interest Sony has in Spider Man.

Market Snapshot

Stock futures were higher in early morning trading Monday following a volatile week on Wall Street as investors eye a key event where the Federal Reserve could hint at prospects for tapering stimulus.

Futures tied to the $Dow Jones Industrial Average (.DJI.US)$jumped around 147 points. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$futures were both also in positive territory.

Source: Bloomberg

Top News

Pelosi, Centrist Democrats in standoff with key vote ahead

A group of nine centrist Democrats is threatening House Speaker Nancy Pelosi's delicate balance of their aims with those of her party's liberal wing over two key pieces of President Biden's legislative agenda.

Economy week ahead: housing, inflation and the Fed

Federal Reserve Chairman Jerome Powell's remarks at the central bank's Jackson Hole economic symposium on Friday cap off a full week of economic data.

Small-cap stocks may be pricier than they appear

Analysts sometimes remove unprofitable companies when calculating the price-to-earnings ratio for indexes like the Russell 2000.

What we still don't know about the Fed's bond-buying spree

Three vital issues for investors remain uncertain as the Federal Reserve moves toward tapering its bond buying.

Why you can't find everything you want at grocery stores

New supply problems appear weekly, driven by shortages of labor and raw materials, and some food companies anticipate disruptions into 2022.

Goldman Sachs-backed broadband firm nears investment deal

$Goldman Sachs (GS.US)$A group that includes Abu Dhabi's sovereign-wealth fund is close to acquiring a minority stake in CityFibre in a deal that would value the U.K. fiber-optic-broadband provider at more than $2.7 billion.

Juul, other e-cigarette makers face judgment day

The FDA is nearing a Sept. 9 deadline to decide which vaping products can stay on the market in a series of rulings that could reshape the industry.

For buy now, pay later, investors need to shop for best deals
$Block (SQ.US)$'s deal for Afterpay has had a mixed effect on related stocks in payments and commerce, so investors can start hunting for relative bargains.

For e-commercial logistics firm Radial, Christmas is coming early. very early.

The fulfillment and warehousing provider is making preparations for the holiday shipping season well ahead of schedule, with an eye on clogged global supply chains.

Companies find it's a good time to push pension obligations off balance sheets

$Lockheed Martin (LMT.US)$, $Arconic (ARNC.US)$and others have bought annuities this year to reduce risk from their defined-benefit pensions.

Dividends roar back with near-record payouts as companies hold abundant cash

Bitcoin topping $50,000 stirs forecast of run toward record high

McDonald's could capitalize on Tesla's largest U.S. supercharger location: Here's how and why it matters

Disney reportedly considering purchase of Spider-Man rights or film division from Sony: What investors should know

Key Events This Week