Morning Briefing: Jeff Bezos' Blue Origin targets bigger space goals

U.S. stock index futures fell on Monday on concern of the public health crisis would slow global economic growth.

Stocks that would most directly benefit from a continuing swift reopening of the economy led the losses in premarket trading with shares of Royal Caribbean and United Airlines falling more than 2%. The 10-year treasury yield fell back to 1.26%, near 5-month lows amid concerns about a possible slowing in the economy.

Future contracts tied to the Dow Jones Industrial Average dropped 353 points, or 1%. S&P 500 futures fell 31 points. Nasdaq-100 futures shed 54.25 points.

Ethereum co-founder Anthony Di Iorio, 48, says he plans to diversify away from "being a crypto guy" and will focus his energy on "tackling complex problems." He goes on to say he doesn't feel "necessarily safe" in the crypto space, and that focusing on larger problems would be "safer."

Oil producers agreed to increase production by 400,000 barrels a day, moving to restore capacity they cut at the start of the Covid-19 pandemic.

The $3.5 trillion budget plan is expected to face opposition from parts of the energy industry and their industrial customers over provisions likely to raise their costs.

Middle-market transactions are driving a torrent of private-equity deals in Europe.

Republicans were wary of granting the agency more money and power. The shift represents a setback for the bipartisan measure ahead of a looming deadline for agreement.

Growth likely hit a high point in the second quarter and will slow as the boosts from fiscal stimulus and reopenings fade, economists say.

construction companies, manufacturers and other businesses that submit bids to win jobs say that process has turned unpredictable as rising materials costs expose them to potential losses.

Warnings about overly bullish sentiment have been better left unheeded this year. Have times changed?

Wall Street's expectations for this year's corporate profits are still below where they were a year before the pandemic. Yet the S&P 500 is up 60%.

Tuesday's launch is a small step as it tries to make a giant leap in winning government contracts and competing with Elon Musk's SpaceX.