Before the Bell | Intel nearing $6 bln deal to buy Tower Semiconductor
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock futures surged on Tuesday morning after the Russian Defense Ministry reportedly announced that it had begun returning some troops to deployment bases after training exercises near the Ukrainian border.
- Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion, as the U.S. semiconductor giant continues spending to expand its manufacturing operations.
Market Snapshot
U.S. stock futures surged on Tuesday morning after the Russian Defense Ministry reportedly announced that it had begun returning some troops to deployment bases after training exercises near the Ukrainian border.
Futures tied to the $Dow Jones Industrial Average (.DJI.US)$ jumped 335 points, or 0.9%. $S&P 500 Index (.SPX.US)$ futures climbed 1.3% and $NASDAQ 100 Index (.NDX.US)$ futures advanced 1.9%.
Market Temperature
Stock futures rise as investors eye Ukraine and Russia
U.S. stock futures and European indexes rallied, following days of losses, as investors nervously monitored the situation on the Ukrainian border and diplomatic efforts to resolve tensions. Oil and bond prices fell.
U.S. stock futures and European indexes rallied, following days of losses, as investors nervously monitored the situation on the Ukrainian border and diplomatic efforts to resolve tensions. Oil and bond prices fell.
Regulators probe block trading on Wall Street
Federal investigators are probing the business of block trading at Morgan Stanley, Goldman Sachs and other firms, examining whether bankers may have improperly tipped hedge-fund clients in advance of large share sales, according to people familiar with the situation.
Federal investigators are probing the business of block trading at Morgan Stanley, Goldman Sachs and other firms, examining whether bankers may have improperly tipped hedge-fund clients in advance of large share sales, according to people familiar with the situation.
Inflation expectations moderated in January, New York Fed says
The American public is projecting a moderation in future rates of inflation for the first time in more than a year, the New York Fed said.
The American public is projecting a moderation in future rates of inflation for the first time in more than a year, the New York Fed said.
Ukraine changes the playbook for the market selloff
Investors are starting to price in a potential war in Europe, though the market impact may be mostly limited to commodity-led inflation.
Investors are starting to price in a potential war in Europe, though the market impact may be mostly limited to commodity-led inflation.
Elon Musk gave $5.7 billion in Tesla shares to charity last year
The chief executive made the donations in the middle of a series of sales of stock in the electric-vehicle maker. $Tesla (TSLA.US)$
The chief executive made the donations in the middle of a series of sales of stock in the electric-vehicle maker. $Tesla (TSLA.US)$
Intel nears roughly $6 billion deal to buy Tower Semiconductor
Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion, as the U.S. semiconductor giant continues spending to expand its manufacturing operations. $Intel (INTC.US)$ $Tower Semiconductor (TSEM.US)$
Intel is close to a deal to buy Israeli chip company Tower Semiconductor for nearly $6 billion, as the U.S. semiconductor giant continues spending to expand its manufacturing operations. $Intel (INTC.US)$ $Tower Semiconductor (TSEM.US)$
Texas sues Meta over Facebook's facial-recognition practices
The state says the social-media giant violated privacy protections in a lawsuit, seeking civil penalties that a person familiar with the matter says range in the hundreds of billions of dollars. $Meta Platforms (FB.US)$
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The state says the social-media giant violated privacy protections in a lawsuit, seeking civil penalties that a person familiar with the matter says range in the hundreds of billions of dollars. $Meta Platforms (FB.US)$
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Source: CNBC, Dow Jones Newswires, Bloomberg
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Colin Griffie9 : I hope I get to remedy and get my stock soon.