Morning Briefing: Facebook's CTO to step down
By Danilo
Hey, moomooers! Here are things you need to know before the opening bell:
-U.S. stock index futures were higher during early morning trading on Thursday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies.
-Central bank officials are prepared to reverse pandemic stimulus programs as soon as November, while new projections show half of 18 officials expect to raise interest rates by the end of 2022.
Market Snapshot
U.S. stock index futures were higher during early morning trading on Thursday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 250 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both traded in positive territory.
U.S. stock index futures were higher during early morning trading on Thursday after the Federal Reserve kept benchmark interest rates unchanged, while indicating no immediate intention of removing stimulus policies.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ gained 250 points. $S&P 500 Index (.SPX.US)$ futures and $NASDAQ 100 Index (.NDX.US)$ futures both traded in positive territory.
Top News
Fed tees up taper, signals rate rises possible next year
Central bank officials are prepared to reverse pandemic stimulus programs as soon as November, while new projections show half of 18 officials expect to raise interest rates by the end of 2022.
Facebook's chief technology officer to step down
$Meta Platforms (FB.US)$ Mike Schroepfer, after 13 years at $Facebook(FB.US)$ and serving as one of its top executives, is leaving the post to transition to a part-time role.
Biden pushes democrats to find consensus on budget package
President Biden pressed lawmakers to reach agreement on his sweeping social-welfare and climate proposal in meetings at the White House, aiming to settle sharp intraparty differences that threaten to derail his multitrillion-dollar agenda.
BlackBerry 2Q results beat wall street projections
$BlackBerry (BB.US)$'s stock rose nearly 10% to $10.48 in extended trading, following better-than-expected second-quarter results.
SEC asks dozens of companies for more climate disclosures
The agency has sent letters to dozens of public companies asking them to provide more information to investors about how climate change might affect their financial earnings or business operations.
Facebook says Apple's privacy changes hurt digital ad measurement
$Meta Platforms (FB.US)$ seeks to assure advertisers and suggests its tools may undercount the effectiveness of campaigns. $Apple (AAPL.US)$
U.S. stocks finish higher as Fed signals timing for interest rate hikes
Share benchmarks gained as investors shifted their focus to the Federal Reserve.
Fed tees up taper, signals rate rises possible next year
Central bank officials are prepared to reverse pandemic stimulus programs as soon as November, while new projections show half of 18 officials expect to raise interest rates by the end of 2022.
Facebook's chief technology officer to step down
$Meta Platforms (FB.US)$ Mike Schroepfer, after 13 years at $Facebook(FB.US)$ and serving as one of its top executives, is leaving the post to transition to a part-time role.
Biden pushes democrats to find consensus on budget package
President Biden pressed lawmakers to reach agreement on his sweeping social-welfare and climate proposal in meetings at the White House, aiming to settle sharp intraparty differences that threaten to derail his multitrillion-dollar agenda.
BlackBerry 2Q results beat wall street projections
$BlackBerry (BB.US)$'s stock rose nearly 10% to $10.48 in extended trading, following better-than-expected second-quarter results.
SEC asks dozens of companies for more climate disclosures
The agency has sent letters to dozens of public companies asking them to provide more information to investors about how climate change might affect their financial earnings or business operations.
Facebook says Apple's privacy changes hurt digital ad measurement
$Meta Platforms (FB.US)$ seeks to assure advertisers and suggests its tools may undercount the effectiveness of campaigns. $Apple (AAPL.US)$
U.S. stocks finish higher as Fed signals timing for interest rate hikes
Share benchmarks gained as investors shifted their focus to the Federal Reserve.
Read More:
Uber stock extends gains on improved outlook. Here's what wall street is saying.
North America fertilizer firms gain amid EU nitrogen price spike
Apple among companies that will attend White House meeting on chip shortage today
Facebook market cap dropped by 40B on Wednesday, CTO to step down
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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