Here are one of the most crucial story that capitalists require to begin their trading day:
1. On edge
Stock futures dropped early Friday after Israel executed a limited strike on Iran. Israel has not commented on the latest escalation in a series of back-and-forth strikes. Oil prices also fluctuated, spiking 3% in Asia morning trading and then turning lower. Futures on the Dow Jones Industrial Average slipped 0.3%. S&P 500 futures were down 0.4%, and Nasdaq 100 futures fell 0.6%. All three indexes are heading for a losing week. Follow live market updates.
2. New Netflix focus
In an aerial view, the Netflix logo is displayed above its corporate offices on January 24, 2024 in Los Angeles, California.
Mario Tama | Getty Images
Netflix is making a big change to its earnings routine. The company announced Thursday that it would no longer provide quarterly membership numbers or average revenue per user starting next year, saying it’s focused on revenue and operating margin. That came the same day it reported that memberships rose 16% in the first quarter, to 269.6 million, well above the 264.2 million Wall Street had expected. Netflix also beat earnings and revenue estimates for the quarter. Shares of the company fell about 6% in premarket trading Friday.
3. Big price tags
This aerial picture shows homes near the Chesapeake Bay in Centreville, Maryland, on March 4, 2024.Â
Jim Watson | AFP | Getty Images
Mortgage rates are at their highest level of the year, with the 30-year fixed mortgage rate now sitting around 7.5% according to Mortgage News Daily. Though mortgage applications to purchase a home rose 5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index, price is damaging. On the other hand, regardless of a rise in supply, March home sales went down, mostly because of climbing home mortgage prices. The springtime real estate market is relocating much faster and coming to be extra affordable, with an ordinary home remaining on the marketplace for simply 33 days, compared to 38 days in February.
4. Ticking clock
A sight reveals the workplace of TikTok after the United State Legislature extremely passed a costs that would certainly provide TikTok’s Chinese proprietor ByteDance regarding 6 months to unload the united state properties of the short-video application or deal with a restriction, in Culver City, The Golden State, March 13, 2024. Â
Mike Blake|Reuters
5. A new assistant
A smart phone is displaying Facebook with the Meta icon visible in the background in this photo illustration. Facebook, which was founded 20 years ago, is seen here in Brussels, Belgium, on February 4, 2024.
Jonathan Raa | Nurphoto | Getty Images
Meta started rolling out its free artificial intelligence assistant, Meta AI, across WhatsApp, Instagram, Facebook and Messenger on Thursday, CEO Mark Zuckerberg said in a video. The social media company also announced the launch of its newest large language model, called Meta Llama 3, which was used to build the AI assistant. Meta AI can answer questions, create animations and generate images, and it’s partnered with Google and Microsoft to provide answers from both companies’ search engines. “We believe that Meta AI is now the most intelligent AI assistant that you can freely use,” Zuckerberg said in the video.
And one more thing…
Taylor Swift attends the 66th GRAMMY Awards at Crypto.com Arena on February 04, 2024 in Los Angeles, California.Â
Neilson Barnard | Getty Images
Taylor Swift released her 11th studio album, “The Tortured Poets Division,” Friday at twelve o’clock at night ET. She after that stunned followers at 2 a.m. ET with information of 15 added tunes. The cd includes partnerships with Article Malone and Florence + the Equipment.
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