Morning Briefing: Virgin Galactic can't fly spaceship during investigation
By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- U.S. stock futures were mildly higher in early morning trading on Friday as investors geared up for August's jobs report.
- The regulator FFA's examination of its July 11 flight could delay company's next planned space launch.
Market Snapshot
U.S. stock futures were mildly higher in early morning trading on Friday as investors geared up for August’s jobs report.
$Dow Jones Industrial Average(.DJI.US$futures rose 41 points. $S&P 500 Index(.SPX.US$futures and $NASDAQ 100 Index(.NDX.US$futures both traded marginally higher.
Top News
CBO expects $200 billion from IRS boost, below Biden targets
Democrats are counting on money from tougher tax enforcement to fund their agenda.
States vow to keep fighting Purdue Pharma settlement with Sackler Family
Some attorneys general are vowing to keep fighting the chapter 11 reorganization plan of Purdue Pharma LP and a $4.5 billion settlement with the family that owns the maker of OxyContin, which could force an influential federal appeals court to consider the scope of bankruptcy judges' power to end lawsuits over defective or dangerous products.
Apple cedes ground as larger fights over app store brew in court, congress
$Apple(AAPL.US$Even after a week of tweaks to the App Store, the core fight over the iPhone maker's market power remains for a federal judge and lawmakers in Brussels and Washington to decide-and the company's largest critics haven't been won over.
FAA says Virgin Galactic can't fly spaceship during investigation
$Virgin Galactic(SPCE.US$The regulator's examination of its July 11 flight could delay company's next planned space launch.
Walmart to raise its minimum wage to $12 an hour
$Walmart(WMT.US$The country's largest retailer by revenue is raising hourly pay at least $1 for more than 565,000 U.S. store workers as a tight labor market creates fierce competition for staff.
Ford and GM curtail production amid chip shortage
$Ford Motor(F.US$ $General Motors(GM.US$The auto makers are idling plants and reducing work shifts as the global computer-chip shortage continues to hamstring the industry.
Simons, Mercer, others at Renaissance to pay up to $7 billion to settle tax probe
In a tax settlement that may be the largest in history, current and former executives of hedge fund Renaissance Technologies LLC will personally pay as much as $7 billion to settle a long-running dispute with the Internal Revenue Service.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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