Here are five key things investors need to know to start the trading day.
The SEC sued Elon Musk over his 2022 purchase of Twitter.Stock futures are higher Wednesday morning as all eyes turn to December's consumer price index report due at 8:30 a.m. ET. The key inflation reading follows Tuesday's lighter-than-expected, which showed an increase of 0.2% in December. Both reports are expected to be factors in the Federal Reserve's interest rate decision later this month.
This secrecy allowed Musk to buy shares of Twitter — which he renamed X — at "artificially low prices," enabling him to underpay "by at least $150 million," according to the SEC's civil complaint.Meta CEO Mark Zuckerberg makes a keynote speech at the Meta Connect annual event, at the company's headquarters in Menlo Park, California, U.S. September 25, 2024.of its workforce, specifically targeting its "lowest performers," CNBC confirmed on Tuesday.
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