Morning Briefing: Facebook to end facial recognition in photos and videos
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were muted in morning trading Wednesday as investors awaited a decision from the Federal Reserve on its move to start withdrawing the support it has been providing.
- The social-media platform Meta said it would delete data related to the faces of more than one billion people, scrapping a feature that raised concerns among privacy advocates and regulators.
Market Snapshot
U.S. stock futures were muted in morning trading Wednesday as investors awaited a decision from the Federal Reserve on its move to start withdrawing the support it has been providing.
$Dow Jones Industrial Average (.DJI.US)$ futures dipped 15 points. $S&P 500 Index (.SPX.US)$ futures traded in mildly negative territory, while $NASDAQ 100 Index (.NDX.US)$ futures gained 16.5 points.
Market Temperature
Dow closes above 36000 for first time
The market's autumn rally continued Tuesday, with major U.S. stock indexes notching another trio of records. $Dow Jones Industrial Average (.DJI.US)$
The market's autumn rally continued Tuesday, with major U.S. stock indexes notching another trio of records. $Dow Jones Industrial Average (.DJI.US)$
SEC chairman says crypto market won't mature without oversight
Securities and Exchange Commission Chairman Gary Gensler said the regulator will be "very active" in bringing the digital currency market under its investor protection framework, as the Biden administration increases scrutiny of cryptocurrencies.
Securities and Exchange Commission Chairman Gary Gensler said the regulator will be "very active" in bringing the digital currency market under its investor protection framework, as the Biden administration increases scrutiny of cryptocurrencies.
Leaders agree to end deforestation by 2030
World leaders at the COP26 summit, including the U.S., China and Brazil, agreed to a deal aimed at ending and then reversing deforestation by 2030, committing nearly $20 billion of public and private funds to protect and restore forests.
World leaders at the COP26 summit, including the U.S., China and Brazil, agreed to a deal aimed at ending and then reversing deforestation by 2030, committing nearly $20 billion of public and private funds to protect and restore forests.
Powell's dashboard casts doubt on inflation easing quickly
The Federal Reserve chairman used the bulk of a widely anticipated speech in late August to explain why he was still confident that this year's inflation surge would prove temporary. His remarks haven't aged well.
The Federal Reserve chairman used the bulk of a widely anticipated speech in late August to explain why he was still confident that this year's inflation surge would prove temporary. His remarks haven't aged well.
Pfizer raises vaccine forecast as sales more than double
The company increased its forecast for sales of the vaccine this year to about $36 billion, a roughly 7% boost from previous guidance. $Pfizer (PFE.US)$
The company increased its forecast for sales of the vaccine this year to about $36 billion, a roughly 7% boost from previous guidance. $Pfizer (PFE.US)$
Facebook to end facial recognition in photos and videos
The social-media platform said it would delete data related to the faces of more than one billion people, scrapping a feature that raised concerns among privacy advocates and regulators. $Meta Platforms (FB.US)$
The social-media platform said it would delete data related to the faces of more than one billion people, scrapping a feature that raised concerns among privacy advocates and regulators. $Meta Platforms (FB.US)$
Avis stock surges on strong quarterly results
The rental-car company's stock rose sharply in Tuesday, trading as high as $545 a share, after $Avis Budget (CAR.US)$ delivered robust third-quarter profit.
The rental-car company's stock rose sharply in Tuesday, trading as high as $545 a share, after $Avis Budget (CAR.US)$ delivered robust third-quarter profit.
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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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