Morning Briefing: Reddit CEO wants their users to be shareholders
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures ticked higher Tuesday as investors geared up for a big day of earnings.
- Phil Spencer, Microsoft's executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.
Market Snapshot
U.S. stock futures ticked higher Tuesday as investors geared up for a big day of earnings.
Futures tied to the $Dow Jones Industrial Average (.DJI.US)$climbed 94 points, or 0.3%. $S&P 500 Index (.SPX.US)$futures were up 0.3%, and $NASDAQ 100 Index (.NDX.US)$futures advanced 0.3%.
Top News
Yellen says debt-limit deal will keep government funded through Dec. 3
The Treasury secretary told Congress that it is imperative to increase or suspend the debt limit.
The Treasury secretary told Congress that it is imperative to increase or suspend the debt limit.
SEC's GameStop report questions 'game-like' trading apps
A report by the Securities and Exchange Commission found that buying by hundreds of thousands of investors fueled a rally in shares of the videogame retailer and dismissed alternative theories.
A report by the Securities and Exchange Commission found that buying by hundreds of thousands of investors fueled a rally in shares of the videogame retailer and dismissed alternative theories.
In record M&A year, first trillion-dollar year for private equity within sight
Technology deals are driving what is shaping up to be a record year for M&A, one where so-called megadeals and club deals came roaring back and helped power what is expected to be the first $1 trillion deal year for private-equity firms.
Technology deals are driving what is shaping up to be a record year for M&A, one where so-called megadeals and club deals came roaring back and helped power what is expected to be the first $1 trillion deal year for private-equity firms.
Global trade flows rebounded in August
Trade flows rose by 2.0% in August from the previous month, according to a Wall Street Journal indicator, signaling that the advance of the Delta variant of Covid-19 has slowed but not derailed the global economic recovery.
Trade flows rose by 2.0% in August from the previous month, according to a Wall Street Journal indicator, signaling that the advance of the Delta variant of Covid-19 has slowed but not derailed the global economic recovery.
J&J used lenient bankruptcy rules to push talc liabilities to Charlotte
$Johnson & Johnson (JNJ.US)$used the lenient venue-selection rules of U.S. bankruptcy law to push tens of thousands of talc-related cancer claims to its bankruptcy court of choice, roughly 600 miles south of the company's New Jersey headquarters.
$Johnson & Johnson (JNJ.US)$used the lenient venue-selection rules of U.S. bankruptcy law to push tens of thousands of talc-related cancer claims to its bankruptcy court of choice, roughly 600 miles south of the company's New Jersey headquarters.
Microsoft Xbox chief sees game-buying spree continuing
Phil Spencer, $Microsoft (MSFT.US)$'s executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.
Phil Spencer, $Microsoft (MSFT.US)$'s executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.
Reddit seeks more individual investors for share offering
'I want our users to be shareholders, and I want our shareholders to be users,' CEO Steve Huffman said of the platform's plans to go public, adding that market changes have improved small investors' access to new offerings.
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'I want our users to be shareholders, and I want our shareholders to be users,' CEO Steve Huffman said of the platform's plans to go public, adding that market changes have improved small investors' access to new offerings.
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Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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GaininMoneyIsMyHobby : what do they mean dismissed alternate theories. the gamestop report by the sec literally said the shorts did not cover in January
hiduphidup : when will reddit go public?
TradeMore :
David W Clark : Interesting how the SEC just ignores the fact that, for whatever reason, traders and investors drove the demand and price of GameStop stocks higher than what they could believe and understand. But to me it's no different than any other stock and it's price. All stock prices are set buy the company and market. Then investors who want to buy it drive the price higher or lower. It's NOT a game regardless of what app an investor uses.
As to Janet Yellen's stmt that Congress needs to just eliminate the USA DEBT LIMITS so All Democrat Party Members can continue to make up money out of thin air at will and continue to spend money that can't be repaid in our lifetime. She's just showing she doesn't need to be in charge of USA money and banking systems as we can't continue to spend 1x, 2x, 3x, 4x or more than we take in.