Before the Bell | Microsoft earnings, revenue show strong growth
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- The Fed decision is due at 2 p.m. ET followed by Fed chairman Jerome Powell's news conference, which will be parsed for clues on the magnitude and pace of hikes for the year.
- The software giant Microsoft 's cloud business has benefited as the pandemic has forced people to work remotely.
- The Fed decision is due at 2 p.m. ET followed by Fed chairman Jerome Powell's news conference, which will be parsed for clues on the magnitude and pace of hikes for the year.
- The software giant Microsoft 's cloud business has benefited as the pandemic has forced people to work remotely.
Market Snapshot
U.S. stock futures rose on Wednesday, with a surge in Microsoft lifting $NASDAQ 100 Index(.NDX.US$ futures, while investors keenly awaited the Federal Reserve's monetary policy decision later in the day.
Market Temperature
Stock futures rise ahead of Fed meeting
U.S. stock futures gained ahead of the Federal Reserve's announcement that is expected to provide clarity on coming interest-rate rises-the prospect of which spooked markets this week. Meantime, earnings from major companies, including AT&T and Boeing, are due.
U.S. stock futures gained ahead of the Federal Reserve's announcement that is expected to provide clarity on coming interest-rate rises-the prospect of which spooked markets this week. Meantime, earnings from major companies, including AT&T and Boeing, are due.
Analysis: Why the Fed is unlikely to start raising rates with a half-point increase
While the Fed isn't likely to rule out a half-percentage-point increase as an instrument in its tool kit, the central bank is unlikely to begin any sequence of rate rises with such a move, in part because it would essentially concede that it had made a policy mistake.
While the Fed isn't likely to rule out a half-percentage-point increase as an instrument in its tool kit, the central bank is unlikely to begin any sequence of rate rises with such a move, in part because it would essentially concede that it had made a policy mistake.
IMF urges El Salvador to ditch Bitcoin's legal tender status
After adopting bitcoin as national currency, the Central American country plans to issue bonds backed by bitcoin as negotiations with the IMF stall.
After adopting bitcoin as national currency, the Central American country plans to issue bonds backed by bitcoin as negotiations with the IMF stall.
Chip shortage leaves U.S. companies dangerously low on semiconductors, report says
Commerce Secretary Gina Raimondo said a survey shows the urgency for Congress to approve the Innovation and Competition Act, which includes $52 billion to boost domestic chip production.
Commerce Secretary Gina Raimondo said a survey shows the urgency for Congress to approve the Innovation and Competition Act, which includes $52 billion to boost domestic chip production.
Microsoft earnings, revenue show strong growth
The software giant $Microsoft(MSFT.US$ 's cloud business has benefited as the pandemic has forced people to work remotely.
The software giant $Microsoft(MSFT.US$ 's cloud business has benefited as the pandemic has forced people to work remotely.
Verizon confident 5G concerns in aviation will be resolved
The wireless giant $Verizon(VZ.US$ expects to spend about $10 billion over several years to expand 5G services using recently licensed radio spectrum.
The wireless giant $Verizon(VZ.US$ expects to spend about $10 billion over several years to expand 5G services using recently licensed radio spectrum.
More changes loom for online marketers
From $Alphabet-A(GOOGL.US$ to $Apple(AAPL.US$ and California to Belgium, digital marketers have a lot to consider soon.
Read More
From $Alphabet-A(GOOGL.US$ to $Apple(AAPL.US$ and California to Belgium, digital marketers have a lot to consider soon.
Read More
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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cody anderson5 : Love the news here always helpful.
Jverse : Since I just found this place now.
The information is very useful and helpful. I paid attention to it for the first time.
