Before the Bell | Apple says Senate tech bill would hurt its privacy push
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures were slightly higher early Wednesday following a sell-off on Wall Street triggered by surging bond yields.
- The iPhone maker Apple said a proposal in Congress would weaken a privacy-protection tool it rolled out last year, adding that the change could benefit "irresponsible" companies profiting from user data.
Market Snapshot
U.S. stock futures were slightly higher early Wednesday following a sell-off on Wall Street triggered by surging bond yields.
$Dow Jones Industrial Average (.DJI.US)$ futures rose 42 points after being down by more than 200 earlier. $S&P 500 Index (.SPX.US)$ were up 0.17% while $NASDAQ 100 Index (.NDX.US)$ futures declined 0.26%.
Top News
U.S. Home-Builder Sentiment decreased slightly in January
U.S. homebuilders confidence fell in January following four months of gains as growing inflation concerns and supply-chain disruptions outweighed solid consumer demand, according to data from the National Association of Home Builders released Tuesday.
U.S. homebuilders confidence fell in January following four months of gains as growing inflation concerns and supply-chain disruptions outweighed solid consumer demand, according to data from the National Association of Home Builders released Tuesday.
Oil demand to exceed pre-covid levels in 2022, IEA says
Growing Covid-19 immunization rates and as recent virus waves haven't proved severe enough to warrant a return to strict lockdown measures, the International Energy Agency said.
Growing Covid-19 immunization rates and as recent virus waves haven't proved severe enough to warrant a return to strict lockdown measures, the International Energy Agency said.
With rate increases looming, investors dump shares of money-losing companies
Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via SPAC mergers-some of which soared during the pandemic-have dropped sharply.
Cash-burning technology firms, biotechnology companies without any approved drugs and startups that listed quickly via SPAC mergers-some of which soared during the pandemic-have dropped sharply.
Crypto.com halts withdrawals after suspicious account activity
CEO Kris Marszalek said no user funds were lost. The company will offer a full report after it completes an investigation.
CEO Kris Marszalek said no user funds were lost. The company will offer a full report after it completes an investigation.
Activision Blizzard's workplace problems spurred $75 billion microsoft deal
After a California lawsuit and a Wall Street Journal report, the company's stock was falling, board members were getting anxious-and the tech giant was ready to take a gamble. $Activision Blizzard (ATVI.US)$ $Microsoft (MSFT.US)$
After a California lawsuit and a Wall Street Journal report, the company's stock was falling, board members were getting anxious-and the tech giant was ready to take a gamble. $Activision Blizzard (ATVI.US)$ $Microsoft (MSFT.US)$
Apple says Senate tech bill would hurt its privacy push
The iPhone maker $Apple (AAPL.US)$ said a proposal in Congress would weaken a privacy-protection tool it rolled out last year, adding that the change could benefit "irresponsible" companies profiting from user data.
The iPhone maker $Apple (AAPL.US)$ said a proposal in Congress would weaken a privacy-protection tool it rolled out last year, adding that the change could benefit "irresponsible" companies profiting from user data.
Airlines cancel some flights ahead of U.S. 5G wireless launch
The flight suspensions occurred even as $AT&T (T.US)$ and $Verizon (VZ.US)$ agreed to limit signals within 2 miles of runways to address air-safety concerns.
The flight suspensions occurred even as $AT&T (T.US)$ and $Verizon (VZ.US)$ agreed to limit signals within 2 miles of runways to address air-safety concerns.
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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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