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-- 26.629 Before the Bell | Tesla confirms the annual shareholder meeting in August
Hey, mooers! Here are things you need to know before the opening bell:
Market Snapshot
U.S. stock futures were down on Tuesday morning after the major averages staged a big reversal to start the month.
$Dow Jones Industrial Average (.DJI.US)$ futures traded just 35 points lower, or 0.1%. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures were flat.
Top News
Bond Yields Briefly Top 3% Ahead of Fed Meeting
Stock futures and government bonds wavered as investors geared up for the Federal Reserve's policy decision and a batch of earnings.
U.S. Job Openings Have Remained High This Spring
Demand for U.S. workers remained strong in April, according to private-sector estimates, as employers competed to fill positions in a tight labor market.
Home Buyers Rushed In as Rates Rose, Boosting Prices Across U.S.
Many buyers hurried to lock in purchases in the first quarter before rates climbed even higher, according to real-estate agents.
BP Takes $25.5 Billion Hit From Russia Exit
The U.K. energy company's accounting charge was related to its decision to exit its Russia holdings, including its stake in Rosneft, and is by far the biggest financial hit tallied by companies pulling back from the country. $BP PLC (BP.US)$
Tesla Confirms Annual Shareholder Meeting in August
$Tesla (TSLA.US)$ 's annual shareholder meeting will be held on Aug. 4 in Austin, Texas, the company confirmed through a tweet on its official Twitter handle.
The announcement comes close on the heels of the filing of an amended 10-K/A annual report on Monday, wherein Tesla said it will delay the filing of its definitive proxy statement for the 2022 annual meeting of stockholders.
Pfizer Beats Q1 Estimates as Covid Vaccine and Antiviral Boost Revenue
$Pfizer (PFE.US)$ posted better-than-expected first-quarter earnings on Tuesday, boosted by sales of its COVID-19 vaccine and antiviral Paxlovid. The company posted a net income of $7.864 billion, or $1.37 a share, for the quarter, up from $4.877 billion, or 86 cents a share, in the year-earlier period.
$Pfizer (PFE.US)$ posted better-than-expected first-quarter earnings on Tuesday, boosted by sales of its COVID-19 vaccine and antiviral Paxlovid. The company posted a net income of $7.864 billion, or $1.37 a share, for the quarter, up from $4.877 billion, or 86 cents a share, in the year-earlier period.
SEC to Hire More Crypto Cops to Fight Digital Frauds
The Securities and Exchange Commission will boost the size of its special unit devoted to investigating cryptocurrency frauds and other misconduct, a move that follows the agency's aggressive push to get the unregulated industry to come under federal supervision.
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Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102510936 : Looking forward to that meeting as I already hold Tesla stocks and the 5:1 split will definitely help for long term