Before the Bell | Google-Facebook ad deal is investigated by EU, U.K.
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose ahead of Friday's session following a report that ceasefire talks could be gaining traction between Russia and Ukraine.
- The European Union and the U.K. are ramping up their parallel crackdowns on big tech companies, opening formal antitrust investigations into whether Google and Meta Platforms sought to illegally fix prices in digital advertising.
Market Snapshot
Stock futures rose ahead of Friday's session following a report that talks could be gaining traction between Russia and Ukraine.
Futures that track the $Dow Jones Industrial Average (.DJI.US)$ gained 384 points or 1.15%. $S&P 500 Index (.SPX.US)$ futures gained 1.42% and $NASDAQ 100 Index (.NDX.US)$ futures sat 1.62% higher.
Top News
Oil Prices Rise, Stock Futures Waver After Volatile Session
Oil prices rose again and stock futures wavered, as Russia escalated its attacks on the Ukrainian city of Mariupol.
Russia Ramps Up Ukraine Attacks in Effort to Seize Key Port City
Moscow launched a fresh assault on the besieged city of Mariupol, a day after one of its planes bombed a maternity hospital, as a more destructive phase of Russia's invasion takes a greater civilian toll.
Biden to Call for Revoking Normal Trade Relations With Russia
The U.S. will join the EU and G-7 nations in taking the action over the invasion of Ukraine.
Google-Facebook Ad Deal Is Investigated by EU, U.K.
The European Union and the U.K. are ramping up their parallel crackdowns on big tech companies, opening formal antitrust investigations into whether Google and $Meta Platforms (FB.US)$ sought to illegally fix prices in digital advertising. $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$
Ford, PG&E to Test Backup Power for Home, Grid With F-150 Lightning
$Ford Motor (F.US)$ and California utility $PG&E Corp (PCG.US)$ plan to test the ability of the F-150 Lightning to provide backup power to homes and connect the electric vehicle to the power grid.
Oracle's Cloud Business Grows
$Oracle (ORCL.US)$ is making headway in its yearslong shift into the cloud-software market, industry analysts said. The company said total cloud revenue grew 24% to $2.8 billion in the quarter ending Feb. 28.
Rivian Automotive Curtails 2022 Output, Citing Supply-Chain Disruptions
The California-based startup, which recently launched its first electric models, expects to produce 25,000 vehicles this year. $Rivian Automotive (RIVN.US)$
Western Union Suspends Operations in Russia, Belarus
The company also said its teams have been working to support Ukrainian customers for the past weeks, especially those who have been displaced . $The Western Union (WU.US)$
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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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andersonkana : good
71392964 : what's that idiot going to do put more of those sanctions that's not strong enough on Putin???
Aurelian : what these guys do? why this company's share price hitting $17.
Evelynne : Not quite there yet. But the upswing will be glorious.