Before the Bell | Blackstone secures $6.3 billion deal to acquire Crown Resorts
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were lower early Monday morning as investors continued to monitor the developing tensions between Ukraine and Russia and potential Fed rate hikes.
- The agreement follows a roughly yearlong effort by the U.S. private-equity giant Blackstone to acquire the Australian company Crown Resorts .
Market Snapshot
Stock futures were lower early Monday morning as investors continued to monitor the developing tensions between Ukraine and Russia and potential Fed rate hikes.
Futures tied to the $Dow Jones Industrial Average (.DJI.US)$ fell 222 points, or 0.7%. $S&P 500 Index (.SPX.US)$ futures dropped 0.8% and $NASDAQ 100 Index (.NDX.US)$ futures slid about 1%.
Market Temperature
Economy week ahead: Inflation, consumer spending, home sales
The U.S. Commerce Department's retail-sales report for January highlights this week's slate of economic data, which also includes Japan's fourth-quarter GDP and U.S. home prices for January.
The U.S. Commerce Department's retail-sales report for January highlights this week's slate of economic data, which also includes Japan's fourth-quarter GDP and U.S. home prices for January.
Global stocks, bond yields drop on fear of war in Ukraine
Bond yields and international stock markets fell on the possibility of an imminent war in Europe, after weekend diplomacy between Western leaders and Russian President Vladimir Putin failed to yield a breakthrough.
Bond yields and international stock markets fell on the possibility of an imminent war in Europe, after weekend diplomacy between Western leaders and Russian President Vladimir Putin failed to yield a breakthrough.
Talking markets: US economy expected to slow sharply in 1Q
The U.S. economy grew last year at its fastest pace since 1984 as the country recovered from the pandemic shock, but this momentum isn't likely to have extended into early 2022.
The U.S. economy grew last year at its fastest pace since 1984 as the country recovered from the pandemic shock, but this momentum isn't likely to have extended into early 2022.
Ukraine worries spark rush for Australian gold stocks
Investors are rushing to gold-mining stocks amid concerns that Russia could invade Ukraine, providing a windfall for a sector that had been softening on expectations of rising rates, which typically spell weakness for gold.
Investors are rushing to gold-mining stocks amid concerns that Russia could invade Ukraine, providing a windfall for a sector that had been softening on expectations of rising rates, which typically spell weakness for gold.
Lockheed Martin scraps Aerojet Rocketdyne deal
The deal is dropped after an antitrust lawsuit. The rocket maker could draw interest from other potential buyers, analysts say $Lockheed Martin (LMT.US)$ $Aerojet Rocketdyne (AJRD.US)$
The deal is dropped after an antitrust lawsuit. The rocket maker could draw interest from other potential buyers, analysts say $Lockheed Martin (LMT.US)$ $Aerojet Rocketdyne (AJRD.US)$
Nike's supply-chain snags bring pain to sneakerhead shops
The company's ongoing production and shipping constraints are squeezing independent sneaker boutiques, which are sometimes waiting months for key designs. $Nike (NKE.US)$
The company's ongoing production and shipping constraints are squeezing independent sneaker boutiques, which are sometimes waiting months for key designs. $Nike (NKE.US)$
Australia's Crown Resorts agrees to $6.3 billion Blackstone takeover
The agreement follows a roughly yearlong effort by the U.S. private-equity giant to acquire the company. $Blackstone (BX.US)$
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The agreement follows a roughly yearlong effort by the U.S. private-equity giant to acquire the company. $Blackstone (BX.US)$
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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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