By Ander
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were muted early Wednesday morning after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant.
- Higher prices, a worker shortage and a revitalized labor movement are bringing about the return of pay increases tied to inflation, known as cost-of-living adjustments, or COLAs.
Market Snapshot
Stock futures were muted early Wednesday morning after the major averages rebounded from a three-day losing streak spurred by fears about the omicron Covid variant.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ slipped 27 points, $S&P 500 Index (.SPX.US)$ futures slipped 9 points and $Nasdaq Composite Index (.IXIC.US)$ futures slipped 54 pionts.
Top News
U.S. to distribute free at-home tests to fight Omicron
President Biden also outlines other measures to combat the rapidly spreading variant, saying, "We have to do more. We have to do better-and we will."
Turkey rolls out economic rescue plan, reversing Lira's spiral
Turkey's currency mounted a dramatic, partial reversal from a monthslong collapse after President Recep Tayyip Erdogan announced a rescue plan to encourage Turks to put their money back into the lira.
Surging inflation has workers demanding bigger raises
Higher prices, a worker shortage and a revitalized labor movement are bringing about the return of pay increases tied to inflation, known as cost-of-living adjustments, or COLAs.
Maersk to buy LF Logistics for around $3.6 billion
The shipping giant has agreed to buy LF Logistics for around $3.6 billion including lease liabilities, a move that would give the ocean shipping giant a network of warehouses. $A.P. Moller - Maersk A/S Unsponsored ADR (AMKBY.US)$
Sony Group india unit, Zee Entertainment to merge
An Indian unit of $Sony (SONY.US)$ and Zee Entertainment Enterprises said they agreed to merge in a bid to meet growing consumer demand for entertainment content and drive shareholder value.
SoftBank finalizing $4 billion Loan From Apollo-Led Group
The deal shows the Japanese conglomerate's ravenous need for cash and Apollo Global Management's push into lending, a territory traditionally dominated by banks.
Read More
The S&P 500 may replicate its 1997-1999 rally
The first U.S. Bitcoin ETF marked the crypto funds market explosion in 2021
Elon Musk and Jack Dorsey are talking about "Web3"
BlackBerry 3Q sales fall from year ago, but top expectations
Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg

Hey, mooers! It's an exciting moment to announce the winner list again!
More than 100 mooers actively participated in our #7 Weekly Wins. Thank you all have been consistently contributing to the comments and feedback to our courses.
And here are the 10 luckiest mooers last Thursday. Congratulations
Winner List:
@Syuee
@HopeAlways
@Revelations 6
@Jack Robinson
@garay
@jasonleett
@Hambali Bali
@HuatLady
@不理不理左不理
@101767718
88 reward points /person ready to be distributed into your account within this week.
Spoiler alert: Don't be upset if you're not on the list this time. Our #8 Weekly Wins will start the day after tomorrow, Dec. 23th.
Tip: More mooers joining the event will help us expand our event budget, which means a higher chance of winning.
See you guys in next #Weekly Wins.
For more investment knowledge and trends, welcome to Courses in the Community.
$Dow Jones Industrial Average (.DJI.US)$ $Nasdaq Composite Index (.IXIC.US)$ $S&P 500 Index (.SPX.US)$