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-- 126.290 Before the Bell | Meta appoints DoorDash CEO Tony Xu to its board
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose slightly early Wednesday as investors awaited an important inflation report expected to show prices rising at the fastest pace in nearly 40 years.
- Tony Xu joins Meta's board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg.
Market Snapshot
Stock futures rose slightly early Wednesday as investors awaited an important inflation report expected to show prices rising at the fastest pace in nearly 40 years.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ inched up 22 points. $S&P 500 Index (.SPX.US)$ futures were flat, and $NASDAQ 100 Index (.NDX.US)$ futures rose 0.2%.
Market Temperature
Stock futures edge higher ahead of inflation data
U.S. stock futures crept higher ahead of data that are expected to show the largest annual increase in prices in four decades.
U.S. stock futures crept higher ahead of data that are expected to show the largest annual increase in prices in four decades.
U.S. strikes deal for additional supply of Covid-19 antibody treatment
Omicron continues to appear milder than earlier variants but its heightened transmissibility has pushed Covid-19 infections to unprecedented levels, resulting in large numbers of hospitalizations in the U.S. and Europe.
Omicron continues to appear milder than earlier variants but its heightened transmissibility has pushed Covid-19 infections to unprecedented levels, resulting in large numbers of hospitalizations in the U.S. and Europe.
Powell says economy no longer needs aggressive stimulus
Calling inflation a severe threat, Chairman Jerome Powell said the central bank is preparing to raise rates and shrink asset holdings.
Calling inflation a severe threat, Chairman Jerome Powell said the central bank is preparing to raise rates and shrink asset holdings.
Fed's new trading rules will be implemented soon, Powell says
Central bank chairman's comments come after three Fed officials announced resignation plans following reports of their market transactions.
Central bank chairman's comments come after three Fed officials announced resignation plans following reports of their market transactions.
Facebook owner Meta names Doordash CEO to board
Tony Xu joins a board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg. $Meta Platforms (FB.US)$
Tony Xu joins a board that has been criticized for its lack of independence under the leadership of Mark Zuckerberg. $Meta Platforms (FB.US)$
Citigroup to exit Mexico consumer banking business
CEO Jane Fraser has been trying to simplify the bank, concentrating on wealthy consumers and companies. $Citigroup (C.US)$
CEO Jane Fraser has been trying to simplify the bank, concentrating on wealthy consumers and companies. $Citigroup (C.US)$
GM takes aim at Carvana, Vroom with used-car website
The auto maker $General Motors (GM.US)$'s new CarBravo a marketplace will let U.S. GM dealers sell used cars online, a move that adds new competition to the used-vehicle market and reflects a strategic shift for GM. $Carvana (CVNA.US)$ $Vroom (VRM.US)$
The auto maker $General Motors (GM.US)$'s new CarBravo a marketplace will let U.S. GM dealers sell used cars online, a move that adds new competition to the used-vehicle market and reflects a strategic shift for GM. $Carvana (CVNA.US)$ $Vroom (VRM.US)$
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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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Tiggerpepper : Congratulations
Tony
Joey Baugh : congratulations
UniqueSpecial : Facebook Inc doordash is interesting.