Before the Bell | Buffett's Berkshire Hathaway reveals $4 billion stake in HP
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures rose Thursday as the market tried to recover from back-to-back losing session, while traders digested the Federal Reserve’s plans to tighten monetary policy.
- The once tech-averse investor has built a stake of more than 11% in the computer-and-printer maker, marking another foray into computing after taking big positions in IBM and Apple in recent years.
Market Snapshot
Stock futures rose Thursday as the market tried to recover from back-to-back losing session, while traders digested the Federal Reserve’s plans to tighten monetary policy.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ fell 0.06%, while $S&P 500 Index (.SPX.US)$ futures climbed 0.08% and $NASDAQ 100 Index (.NDX.US)$ futures were up 0.24%.
Top News
Fed Signals Half-Point Rate Increases Could Be Warranted
Minutes show central bank officials last month spelled out plan for shrinking $9 trillion asset portfolio next month to help cool inflation.
Tech Stocks Sink, Bonds Sell Off as Investors Study Fed Minutes
Bond yields hit their highest level in three years and the $Nasdaq Composite Index (.IXIC.US)$ lost 2.2% as investors digested more details about the Federal Reserve's plan to raise interest rates.
Oil Executives Reject Price-Gouging Accusations
Market forces and short supplies are driving higher gasoline prices, industry leaders tell House panel. Republicans point to Biden's policies.
U.S. Allies to Release Close to 60 Million Barrels of Oil From Reserves
The International Energy Agency is joining the Biden administration in an effort to tame prices after they rose sharply when Russia invaded Ukraine.
Biden Preparing to Announce Pair of SEC Nominees
The White House is set to tap aides from each party to fill a pair of openings on the five-member commission.
Shell Warns of Up to $5 Billion Hit From Russia Exit
The first-quarter charges follow the oil major's decision to exit Russia in response to the invasion of Ukraine. $Shell (SHEL.US)$
Buffett's Berkshire Hathaway Reveals $4 Billion Stake in HP
The once tech-averse investor has built a stake of more than 11% in the computer-and-printer maker, marking another foray into computing after taking big positions in IBM and Apple in recent years. $Berkshire Hathaway-A (BRK.A.US)$ $HP Inc (HPQ.US)$
SEC Is Investigating How Amazon Disclosed Business Practices
The tech giant's use of third-party sellers' data is a focus of securities regulators' probe, according to a person familiar with the matter.
Google Bans Apps With Hidden Data-Harvesting Software
Code placed in consumer-facing apps is tied to U.S. national-security contractors, documents show. $Alphabet-C (GOOG.US)$
Samsung Forecasts Record First-Quarter Revenues
Samsung Electronics Co. forecast record quarterly revenues and a 50% rise in first-quarter operating profits over the prior year.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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ekimccc : Really ? I don’t think so
ekimccc : Sweat