Here are the main news, trends and analysis that investors need for the trading day.
- US futures fall and Wall Street prepares for a week of losses
- Joaquin Duato Replaces Alex Gorsky as J & amp; J CEO
- China passes important data protection law
- Tesla wants to build a humanoid robot prototype, says Elon Musk
- NATO will try to speed up evacuations from Afghanistan
US futures fall and Wall Street prepares for a week of losses
US stock futures are lower on Friday, a day after the S&P 500 posted a slight gain to overcome a loss from two previous sessions. In pre-trade today, S & amp; P 500 and Dow futures were both down 0.4%, while Nasdaq futures were down 0.25%. All three main indices start Friday in the red. The 30-member Dow is experiencing a three-day losing streak and is located in its worst week since June. The Nasdaq, which posted an increase of 0.1% on Thursday, is on Course for its worst week since May. Among the factors weighing on Wall Street this week are concerns about a possible US Federal Reserve curbs on asset purchases and the further course of the economic recovery in view of rising Covid cases. The yield on the benchmark 10-year government bond stood at 1.235% on Friday morning, a decline of almost 1 basis point.
Joaquin Duato replaces Alex Gorsky as J & amp; J CEO
Joaquin Duato becomes Alex Gorsky replace Johnson & Johnson as Chief Executive Officer effective January 3, the pharmaceutical giant announced on Thursday. The shares of the Dow component were in premarket trading on Friday slightly lower as investors processed the news. Duato, currently vice Chairman of the Executive Committee, will also appointed to the Board of J & amp;J. Gorsky (Chairman and CEO since 2012), will move to Executive Chairman. Gorsky has been running the company while facing a number of legal issues related to his talc-based baby powder and opioid crisis.
China passes important data protection law
China’s lawmakers on Friday approved a important data protection Act passed, a development that Beijing stricter regulatory approach towards technology companies in recent weeks follows. Although no final version of the Personal Data Protection Act has been published, it should contain stricter rules for this, how companies collect and store users ‘ personal data. The law enters into force, according to Reuters in force on 1 November and will probably complement the compliance rules that companies operating in the country must follow.
Which Investors have become more skeptical of Chinese companies, since the government At the beginning of July against the ride-hailing giant Didi Global hard. On Thursday, star money manager Cathie Wood told CNBC that she believes these recent events, particularly in the online education industry, “will be remembered for a long time“. She added“”This could happen to any industry.”
Tesla plans to build a humanoid robot prototype
Elon Musk (CEO of Tesla) said on Thursday that the manufacturer of electric vehicles plans, build a humanoid robot called Tesla Botwho has the goal, “dangerous, repetitive and boring tasks“ eliminate. Elon Musk made the announcement during the AI Day of Tesla and said the company will “probably have a prototype next year that looks like this“, while standing on stage near a human actor wearing a white, robot-like bodysuit.
Elon Musk is known for making predictions about upcoming Tesla products or initiatives that (if any) not arrive in its original schedule. Tesla stock was about 0.5% higher in premarket trading on Friday. On its AI Day, Tesla also has plans for a new chip for use in its data centers presented.
NATO plans to Intensify efforts to evacuate people from Kabul, while the Taliban is strengthening its control over Afghanistan, an official told Reuters on Friday. The promise comes as the U.S. and other Western nations are criticized for it, how they handled the process of expelling desperate Afghans from the country.
According to the NATO official, since the occupation of the capital by the Taliban on Sunday more than 18,000 people flown from Kabul. In the last five days, the US around 7,000 people flown from Afghanistan, the Pentagon announced on Thursday. The Taliban, who are retaking Afghanistan faster than the U.S. government expects, have used increased force in recent days to violently crush protests across the country.
Last updated on August 20, 2021
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