Morning Briefing: Senate Democrats agree to $3.5 trillion healthcare, anti-poverty plan
By Chloe
Hey moomooers! Here are things you need to know before the opening bell:
- US stock futures slip ahead of Powell testimony, bank earnings
- Senate Democrates agree to $3.5 trillion healthcare, antipoverty plan
Market snapshot
U.S. stock index futures were little changed in early morning trading on Wednesday, after the major averages finished Tuesday regular trading in the red, weighed down by inflation fears.
Futures contracts tied to the Dow Jones Industrial Average fell 16 points. S&P 500 futures traded around the flatline. Futures on Nasdaq 100 rose 44 points.
Crypto
$Bitcoin(BTC.CC)$, the leading cryptocurrency, was trading at $32,392 at the time of writing, dipping 0.60% and$Ethereum(ETH.CC)$ was trading at $1,944, dipping 0.11%.
Top news
Stock futures slip ahead of Powell testimony, bank earnings
Stock indexes are hovering just short of record highs on expectations of bumper earnings, but investors are cautious amid delta spread, uncertainty over inflation.
Senate Democrats agree to $3.5 trillion healthcare, anti-poverty plan
The agreement determines the scope of the party's expected efforts on education, climate change, child care and a host of other issues while it has control of Congress and the White House.
EU to propose a sweeping economic plan to combat climate change
The EU is expected to propose a sweeping plan to transform the region's economy to fight climate change, slashing its reliance on fossil fuels and jolting global trade with import levies that would hit high-emitting countries.
China to launch world's largest carbon market
The national emissions-trading program will double the share of global emissions covered under such plans and include thousands of companies involved in fossil-fuel combustion.
UK consumer prices rise 2.5% in June
Annual inflation in the U.K. accelerated in June, further evidence that price pressures are building worldwide as the global economy edges out of the pandemic.
Fed officials say punitive U.S. legal system is hampering the economy
Some regional Federal Reserve officials say the U.S. criminal-justice system is so punitive, it is preventing the economy from reaching its full potential.
SPACs are helping tougher renewable businesses find the light
SPAC investors looking for a solid business case will find it here. Those looking for stratospheric growth might not.
US budget deficit narrowed in first nine months of fiscal year
The Treasury Department said revenue rose 35%, to $3.1 trillion, from October through June compared with a year earlier.
Cargo owners applaud White House order on competitiveness
The support from shippers is in stark contrast to opposition from freight carriers, who say the Biden administration is providing "misguided direction."
The founders of SAS Institute changed their minds about a sale, people familiar with the matter said. A deal would have valued the software company in the range of $15 billion to $20 billion.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102262270 : Nice
101864157 : Awesome
randyrandy : txs great news
AL52 : thanks for this
Evie HBO : thanks! hope to have a field day today!
David W Clark : Title tells of more wasteful Big Govt Spending and Wasted Tax Payers money by The Political Elites in All Govt, just Washington DC this time.
jemmmyjem : Cool