Morning Briefing: Apple filing notice of appeal in Epic antitrust case

Moomoo Breakfast US wrote a column · Oct 11, 2021 18:36

Morning Briefing: Apple filing notice of appeal in Epic antitrust case

By Danilo

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

- Stock futures were slightly lower on Monday to start the week as traders eyed surging energy prices and the start of earnings season around the corner.

- Friday's disruption for some users of the social-media giant's products came in the wake of a global outage earlier in the week.

Market Snapshot

Stock futures were slightly lower on Monday to start the week as traders eyed surging energy prices and the start of earnings season around the corner.

$Dow Jones Industrial Average (.DJI.US)$ futures fell 52 points, 0.2%. $S&P 500 Index (.SPX.US)$ futures lost 0.3% and $NASDAQ 100 Index (.NDX.US)$ futures shed 0.4%. The Dow is coming off its best week since June.

Source: Bloomberg

Top News

Soaring energy prices raise concerns about U.S. inflation, economy
Factories and service providers require energy to boost production, but oil and natural-gas supplies are tight.

Stocks cling to weekly gains despite weak jobs report
U.S. share benchmarks were little changed after a disappointing monthly employment report showed the economic recovery remains uneven, boosting expectations that Federal Reserve monetary policy may remain supportive for longer.

Tense debt-ceiling vote sets stage for tougher fight
The suspense over Senate Republicans' ability to muster the votes needed to end debate on a short-term debt-limit extension Thursday provides a preview of an even tougher fight later this year.

Global supply-chain woes escalate, threatening economic recovery
Shortages of components, surging prices of raw materials, transportation backups and pandemic lockdowns are squeezing manufacturers around the world-and the bottlenecks keep compounding.

Disney meets roadblocks
Three films designed for box-office appeal including "Shang-Chi" and "Mulan" have been embroiled in political controversy. Marvel's "Eternals" is the latest. $Disney (DIS.US)$

Apple filing notice of appeal in Epic antitrust case
$Apple (AAPL.US)$ also wants a stay on a judge's order to open in-app communications that could allow cheaper payment options.

Facebook says access is fixed after latest outage
Friday's disruption for some users of the social-media giant's products came in the wake of a global outage earlier in the week. $Meta Platforms (FB.US)$

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