7 things to know before the bell | Investment News
- Analyst
- Mar 11
- 3 min read
7 things to know before the bell – Investment News
1. The race to driverless vehicles:DelicateBank(SFTBF) and Toyota(TM) are forming a three way partnership that may use driverless-car technology to offer new providers, equivalent to cellular comfort shops and supply automobiles wherein food is ready en route.
DelicateBank will own simply over half of Monet, the new business, whereas Toyota will maintain the relaxation.
It’s the newest in a sequence of driverless development partnerships introduced by tech firms and carmakers. DelicateBank’s $100 billion Vision Fund, its tech-focused investment arm, had already dedicated $2.3 billion to General Motors’ self-driving car unit GM Cruise.
On Wednesday, Honda((*7*)HMC) and General Motors(GM) mentioned they had been teaming up to create a new era of absolutely autonomous automobiles. BMW(BMWYY) has joined the board of Apollo, an autonomous driving project from Chinese web firm Baidu(BIDU).
2. Facebook underneath investigation: The Irish Data Protection Commission has launched a formal probe into a Facebook(FB) hack that affected as many as 50 million accounts.
The commission will examine whether or not the company complied with its obligations underneath new European knowledge safety legal guidelines that got here into impact in May. Facebook mentioned last week that it closed the loophole, however 90 million customers had been forcefully logged out of their accounts as a precaution.
Irish regulators are investigating as a result of Facebook’s worldwide headquarters is in Dublin.
There are nonetheless many unanswered questions on the hack: Who carried it out? And what had been they attempting to entry?
3. Bonds sell-off: The yield on 10-year US Treasuries has spiked to the highest degree in seven years following the release of constructive financial knowledge.
US hiring knowledge printed Wednesday was stronger than anticipated, and momentum might proceed Thursday if initial claims numbers add to the optimism. A powerful US financial system and the expectation of fee hikes by the Federal Reserve are fueling the trend.
“The underlying message is that the US economy isn’t just in fine fettle, it’s on fire,” mentioned Kit Juckes, strategist at Societe Generale.
4. CNN means business: On Thursday, CNNMoney turns into the all-new CNN Business, protecting the firms, personalities, and improvements driving business ahead.
This new initiative will deal with the single largest financial story of our era: how technology is upending each nook of the world financial system, forcing companies, staff, and society itself to adapt quickly, or be left behind.
5. Global market overview:US stock futures had been decrease.
European markets dropped in early commerce following a detrimental trading session in Asia. The Shanghai Composite was closed for a vacation.
The Dow Jones industrial average closed 0.2% greater on Wednesday, whereas the S&P 500 added 0.1% and the Nasdaq gained 0.3%.
6. Earnings and economics:Constellation Brands(STZ) will release earnings before the open. Costco(COST) is set to observe after the close.
Shares in Danske Bank(DNKEY) opened 3% decrease after the Danish lender mentioned it had acquired requests for info from the US Department of Justice in connection to its money laundering scandal.
7. Coming this week:Thursday — Costco(COST) earnings; CNN Business launchesFriday — US jobs report
CNNMoney (London) First printed October 4, 2018: 5:07 AM ET
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