Before the Bell | Surging inflation has workers demanding bigger raises
By Ander
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were muted early Wednesday morning after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant.
- Higher prices, a worker shortage and a revitalized labor movement are bringing about the return of pay increases tied to inflation, known as cost-of-living adjustments, or COLAs.
Market Snapshot
Stock futures were muted early Wednesday morning after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ slipped 27 points, $S&P 500 Index (.SPX.US)$ futures slipped 9 points and $Nasdaq Composite Index (.IXIC.US)$ futures slipped 54 pionts.
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Turkey's currency mounted a dramatic, partial reversal from a monthslong collapse after President Recep Tayyip Erdogan announced a rescue plan to encourage Turks to put their money back into the lira.
Surging inflation has workers demanding bigger raises
Higher prices, a worker shortage and a revitalized labor movement are bringing about the return of pay increases tied to inflation, known as cost-of-living adjustments, or COLAs.
Maersk to buy LF Logistics for around $3.6 billion
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Sony Group india unit, Zee Entertainment to merge
An Indian unit of $Sony (SONY.US)$ and Zee Entertainment Enterprises said they agreed to merge in a bid to meet growing consumer demand for entertainment content and drive shareholder value.
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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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搞经济 抄底 加仓 : Yes, raise to 100£ per hour. That should be the right amount for them. Just remember to keep one position for me. I'm good at using my eyes. Watchdog kinda work will be fine
for me . Happy upcoming holiday everyone
xremy : Rise the Salary.. Rise the Price..