The following news items are the most crucial for investors to know as they begin their trading day:
1. Shares decline
As the business week got underway on Tuesday, stock futures were marginally down. The Dow Jones Industrial Average futures were down 8 points, or less than 0.1%, on the day. Nasdaq 100 futures down by 0.3% and S&P 500 futures fell by 0.1%.
2. Increased rivalry
BMW and Mercedes-Benz are aiming to challenge Tesla. At the IAA auto show in Munich, the automakers made their most determined push yet towards battery-powered vehicles by revealing electric concept cars that are constructed on whole new platforms. The final appearance of the EVs is yet unknown, but Mercedes has given much attention to the interior and user experience. BMW claims that the classic components of the brand’s image are present in the car’s design.
3. Passed out
As part of its ongoing battle with Charter Communications, Disney is urging users to switch to a live TV alternative from Hulu, targeting sports enthusiasts in particular. In a dispute over contract payments, Disney this week pulled its channels, including ESPN and ABC, from Charter’s Spectrum cable package.
4. Getting ready with weapons
According to an amended filing, the popular U.S. IPO of chip designer Arm was expected to have a per-share price between $47 and $51. SoftBank of Japan’s Arm filed for a Nasdaq listing in August, at a traditionally slow time for tech IPOs.
5. Relationships with Russia
Russia’s prolonged conflict with Ukraine appears to be fostering deeper military and political connections between North Korea and Russia. Kim Jong Un, the leader of North Korea, is scheduled to visit Russia this month to meet with Vladimir Putin, a White House representative announced on Monday. The person continued, “Arms negotiations are aggressively moving forward” between the two nations.
Source (CNBC)
