The Federal Reserve building can be seen in front of the Federal Reserve board. They are expected to announce plans to increase interest rates in March. This is because they focus on fighting inflation in Washington.
Reuters| Reuters
Here are the most important news items for investors to know before they start trading:
1. The Fed is on the deck
Two-day Federal Reserve policy-setting meeting will be held this week. It will begin Tuesday. The Federal Reserve will likely increase its benchmark interest rate by half a point after several three-quarter-point hikes since June. Market drama will be heightened by Tuesday’s release of the consumer price index reading for November, which is closely watched to gauge inflation. Patti Domm writes that the CPI print won’t likely influence the Fed’s voting members at the meeting but it may affect Chairman Jerome Powell during Wednesday’s remarks. Live markets updates available here.
2. Microsoft purchases a stake in London Stock Exchange
A London Stock Exchange Group Plc employee is seen reflected on a glass screen with the logo of London Stock Exchange Group Plc at their London offices, U.K. on Thursday, January 2, 2020.
Bloomberg via Getty Images| Bloomberg via Getty Images
Microsoft In a new partnership of 10 years, is taking a 4% share in the London Stock Exchange Group. LSEG has committed to spending at least $2.8billion on Microsoft cloud-related products over the 10-year period. Microsoft will also migrate LSEG’s data platform and other parts to its cloud product, Azure. Both companies will collaborate to develop workplace collaboration tools. Microsoft, which makes Xbox gaming consoles, is currently in an antitrust dispute in the United States about its proposed acquisition Activision Blizzard.
3. Apple users are charged a premium by Twitter
Twitter Headquarters is located in San Francisco, California on November 18, 20,22.
Tayfun Coskun | Anadolu Agency | Getty Images
Twitter Blue is back. Again. Elon Musk’s social networking company announced that the service would be launched Monday. It’ll cost you $8 a month if you want to edit tweets, upload 1080p videos and get a blue verification checkmark – unless you use Twitter through Apple’s iOS. You’ll need to pay $11 per month. As ad dollars shrink, Musk is looking for revenue. It also comes after Musk remediated a “misunderstanding”. Apple Musk stated that Apple was looking at removing Twitter as an App Store option during CEO Tim Cook’s speech.
4. Artemis I is in our books
On December 11, 2022 the Orion capsule sprang into the Pacific Ocean.
NASA TV
NASA’s Orion spacecraft splashed down in the Pacific Ocean on Sunday, completing the long-awaited Artemis I moon mission. Although the capsule was not piloted by astronauts and only made a few close passes above the lunar surface it is a significant step towards NASA’s goal of returning to the moon. NASA is currently aiming to send astronauts back to the moon in 2025. That would be over 50 years after Americans last walked on it.
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5. Russia needs more sanctions
Zelenskyy indicated that winter shelters would be available for citizens in all parts of the country, providing basic services such as heat, water, and first-aid kits.
Getty Images| Getty Images News | Getty Images
On Monday, the Group of Seven leaders will discuss additional sanctions against Russia. Meanwhile, Vladimir Putin’s military continues to bombard Ukraine with missiles. They are also fighting fiercely on the battlefield. The Ukrainian President Volodymyr Zeleskyy has also continued to push the West, especially Joe Biden, for more assistance. Zelenskyy said that he anticipates “important outcomes” from international leaders’ discussions. Here are live updates on war.
– CNBC’s Jesse Pound, Patti Domm, Matt Clinch, Michael Sheetz and Holly Ellyatt contributed to this report.
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