Morning Briefing: Microsoft hires former top Amazon cloud executive
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were lower in overnight trading on Wednesday following the S&P 500′s rally that saw the index cross the 4,500 level for the first time ever.
- Microsoft hired a top Amazon cloud veteran and ally of Chief Executive Andy Jassy.
Market Snapshot
U.S. stock futures were lower in overnight trading on Wednesday following the S&P 500′s rally that saw the index cross the 4,500 level for the first time ever.
$Dow Jones Industrial Average(.DJI.US$futures were 5 points up. $S&P 500 Index(.SPX.US$futures and $NASDAQ 100 Index(.NDX.US$futures were down.
Top News
Derby's Take: economists don't expect Powell taper announcement this week
Analysts don't think Federal Reserve Chairman Jerome Powell will announce that the central bank is officially ready to start pulling back on its asset-buying stimulus effort.
SEC's gensler taps wall street critic as senior adviser
Gensler appointed the longtime director of investor protection at the Consumer Federation of America to serve as a senior adviser focused on policy issues, broker-dealer oversight and investment-adviser oversight.
TCW's investment chief and CEO set departures after employees threaten to quit
Bond giant TCW Group Inc. is parting ways with two of its top executives after key employees threatened to quit the firm earlier this year.
Companies strike while the stock market is hot
Firms including $Norwegian Cruise(NCLH.US$and $Zoom Video Communications(ZM.US$have sold billions of dollars of shares this year, rushing to cash in on soaring stock prices amid a speedy recovery from the pandemic-induced recession.
Microsoft hires former top Amazon cloud executive, adding to rivalry
$Microsoft(MSFT.US$hired a top $Amazon(AMZN.US$cloud veteran and ally of Chief Executive Andy Jassy, according to a company document, in a rare jump of a senior executive between the cloud-computing industry's leading rivals.
Chip makers in advanced talks for $20 billion-plus merger
$Western Digital(WDC.US$Western Digital is in advanced talks to merge with Japan's Kioxia, in a deal that could be valued at more than $20 billion and further reorder the global chip industry.
Salesforce sales jump on demand for cloud services
$Salesforce(CRM.US$reported a boost in sales for the most recent quarter in a sign that companies continue to embrace cloud computing for business applications as offices slowly reopen.
Read More:
Key Events This Week
Source: CNBC, Dow Jones Newswires
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Explore and integrate top feeds before the bell
57KFollowers
13Following
56KVisitors
Follow
Meltyy : I think Microsoft's move is a good start
manyjackie : Thanks for your sharing
iSpyderTrader : $Microsoft (MSFT.US)$ is moving in the right direction. just a bit late in the game. but never too late. Hopefully, these experienced individuals will fast track the implementation.
pampino : cool
Seussthedemigod : Ah very interesting
ah b : Good information
Dollar88 : Good info thanks