Morning Briefing: Sea looking to raise $6.3 bln in SE Asia's biggest fundraising
By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were lower in early morning trading Thursday as investors remained cautious on the remaining months of trading.
- New York Fed President John Williams said the U.S. central bank remains on track to slow the pace of its bond-buying stimulus effort this year, although he declined to say when that process might kick off.
Market Snapshot
U.S. stock futures were lower in early morning trading Thursday as investors remained cautious on the remaining months of trading.
$Dow Jones Industrial Average (.DJI.US)$futures fell 89 points. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$futures both traded in mildly negative territory.
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Stocks decline as Nasdaq fades from record
The S&P 500 has also edged back from highs in recent days amid investors' Covid-19 concerns and uncertainty about central banking policy.
Oxford Economics expects 10-Year treasury yield to start modest March higher
Oxford Economics expects 10-Year treasury yield to start modest March higher
Treasury yields, which remain very low despite massive levels of government borrowing, are on the precipice of moving higher, said John Canavan, bond strategist for Oxford Economics.
Sea Ltd. plans to raise over $6 billion
Sea Ltd. plans to raise over $6 billion
Consumer internet company $Sea (SE.US)$is planning to raise $6.3 billion by issuing bonds and equity to expand its business.
Energy Vault reaches $1.6 billion SPAC deal to go public
Energy Vault reaches $1.6 billion SPAC deal to go public
Investors in the clean-energy storage startup include $Softbank Holdings (LIST2558.US)$, an Aramco venture fund and technology incubator Idealab.
Fed's John Williams: Economy appears on track for Fed taper this year
Fed's John Williams: Economy appears on track for Fed taper this year
New York Fed President John Williams said the U.S. central bank remains on track to slow the pace of its bond-buying stimulus effort this year, although he declined to say when that process might kick off.
Goldman hires former McKinsey chief to help run Asia business
$Goldman Sachs (GS.US)$Kevin Sneader will serve as Asia co-president alongside Todd Leland.
Boeing board to face 737 MAX lawsuit
Boeing board to face 737 MAX lawsuit
$Boeing (BA.US)$In an opinion issued Tuesday, a Delaware judge let stand one of the lawsuit's claims while dismissing others, moving it past an initial hurdle.
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Boeing board will have to face shareholder lawsuit over 737 MAX, rules Delware court
Sea seeks $6.3 bln in one of Southeast Asia's biggest fundraisings
GameStop narrows losses, posts sales growth in latest quarter
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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