Saturday, February 15, 2025
HomeTrading RoomBefore The Market Starts On Wednesday.

Before The Market Starts On Wednesday.

Here are the top news stories that investors need to know before they begin their trading day:

1. The future

As a result of Wednesday’s decline in stock futures, Wall Street is on track to extend its losses from Tuesday. On Tuesday, the Dow Jones Industrial Average fell by around 200 points, or roughly 0.6%, while the S&P 500 and Nasdaq Composite fell by 0.4% and almost 0.1%, respectively.

2. The most extreme Disney ride

What transpires in the event that a business succession fails? Look no farther than Disney, where Bob Iger served as CEO both before and after he tried to leave the Magic Kingdom but was unsuccessful. According to Alex Sherman of CNBC, Bob Chapek was personally chosen by Iger to be his successor. Iger hurried the process and offered himself a continuing leadership position at the business, but he soon had second thoughts.

3. Cuts in oil

According to state-owned media, Saudi Arabia has extended its voluntary 1 million barrel per day crude oil production cut until the end of the year and stated that it will continue to monitor outputs monthly. The cut was initially put into effect in July, and it has since been continued each month. Because they exist outside of OPEC+’s formal policy, which establishes quotas for its members, the cuts are seen as voluntary.

4. From the metaverse

Three days every week, Meta staff are back at work. A law requiring employees to return to work went into force on Tuesday, or at least that’s how it’s meant to work. In June, the business informed staff of the impending move, stressing that it wouldn’t apply to any of Meta’s totally remote employees who aren’t given an office to operate from. In June 2021, Facebook parent company Meta expanded its remote work policy to all full-time employees; however, it has since reversed that decision.

4. Fed talk

Christopher Waller, governor of the Federal Reserve, asserted that encouraging economic data will provide the government’s money-controlling agency some breathing room as it assesses whether it has to raise interest rates once again. He told CNBC’s Steve Liesman during a “Squawk Box” interview that the data he and his team received last week “was a heck of a terrific week, and the essential thing out of it is it’s going to allow us to continue prudently.”

Source (CNBC)

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