Futures lower, Harris on U.S. Steel-Nippon Steel bid - what's moving markets
Investing.com -- Stock futures on Wall Street point to a lower start to trading in September following a volatile month of dealmaking in August. Meanwhile, Kamala Harris said she would move to block a proposed takeover of U.S. Steel by Japan's Nippon Steel during a campaign stop in the crucial swing state of Pennsylvania.
Harris's Republican rival, Donald Trump, has also come out against the tie-up, promising to block it. Tesla has communicated to its suppliers the need to prepare for a significant increase in Model Y production at its Shanghai factory, according to the report. The left-wing leader told CNN Brasil that the"world is not obliged to put up with Musk's far-right ideology just because he is rich."
Investors flagged concerns as well around de Moraes's separate decision to freeze Brazilian bank accounts belonging to Musk's Starlink satellite broadband business. de Moraes ordered the move last week after X failed to pay fines imposed on it for not adhering to judicial orders.Crude prices traded in a mixed fashion Tuesday, as traders digested sluggish economic growth in China, the world's biggest crude importer, as well as the halt of production and exports from Libya.
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