Morning Briefing: Musk pans pilot version of Tesla's driver-assistance feature
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
-Stock futures edged higher in early morning trading on Tuesday following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech's vaccine.
- Elon Musk on Monday panned a pilot version of an advanced driver-assistance feature Tesla is developing.
Market Snapshot
Stock futures edged higher in early morning trading on Tuesday following a broad-based rally on news that U.S. regulators granted full approval for Pfizer-BioNTech's vaccine.
Futures on the $Dow Jones Industrial Average (.DJI.US)$rose 16 points. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$futures traded in positive territory.
Top News
Democrats hit impasse on key legislation
The fight centers on party leaders' strategy in yoking together two pieces of legislation: the bipartisan $1 trillion infrastructure bill and a broader $3.5 trillion package that lacks GOP support.
An uncomfortable proposition for gig economy investors
For gig economy investors, last year's passage of Proposition 22 might have been too good to be true now that a California judge has called it unenforceable and unconstitutional.
Bitcoin prices pass $50,000 for first time since May
The cryptocurrency has steadily made up ground since slumping earlier in year.
U.S. home sales rise amid higher inventory
Existing-home sales rose 2% in July from the prior month, the National Association of Realtors said. The median price was $359,900, easing from a record level the month before.
Fed chairman Powell navigates the inflation debate
The Federal Reserve confers this week, and Chairman Jerome Powell is expected to clarify the central bank's position. He battles internal dissension over how to proceed, and a haywire economic recovery.
Elon Musk pans pilot version of Tesla's driver-assistance feature
$Tesla (TSLA.US)$The prototype software "is actually not great," the electric-vehicle maker's CEO said on Twitter.
Walmart opens local delivery service to other retailers
$Walmart (WMT.US)$Its Spark Driver will open to other businesses so that the independent contractors who are out delivering Walmart goods can make additional deliveries along the way.
Santander's US unit to buy out Santander Consumer USA
$Santander Consumer USA (SC.US)$Santander said its US subsidiary has agreed to buy the remaining stake in Santander Consumer USA for $41.50 a share or roughly $2.5 billion, in a deal that takes the car loan provider private.
Lanxess buys Microbial Control Unit from IFF
$International Flavors & Fragrances (IFF.US)$has agreed to sell its Microbial Control business unit to chemical company Lanxess for an enterprise value of about $1.3 billion.
$Intel (INTC.US)$said it would provide commercial foundry services as part of a broader program with the government agency that aims to build up domestic design and production of cutting-edge chips.
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Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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