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5 things you should know before the markets open

by SuperiorInvest

Federal Reserve meeting minutes could hint at future Fed rate hikes, and Nvidia reports earnings. Here’s what investors need to know today.

1. Minutes from the Fed meeting may hint at a rate hike

Later today at 2:00 PM ET, the Federal Reserve will release minutes from its meeting earlier this month. Economic data released since the meeting, including a jobs miss and reports of hotter-than-expected consumer and production prices proposed inflation is not cooling as quickly as previously expected.

2. Nvidia Bulls See AI Boost Offsetting PC Slump

Nvidia (NVDA) are expected to announce theirs fiscal fourth quarter results today after a 46% jump in shares this year. Nvidia shares benefit from artificial intelligence (AI) stock frenzy after release of AI chatbot ChatGPT late last year and analysts expect an upbeat outlook driven by demand for AI applications.

3. The FTC will not block Amazon’s purchase of 1Life Healthcare

The FTC will not block Amazon’s purchase of 1Life Healthcare, which operates One Medical’s line of primary care clinics. The FTC said it would not block the $3.9 billion deal but would continue to investigate the merger as Amazon substantially bolsters its health care offerings.

4. Stellantis reported record annual profits

Jeep and Dodge maker Stellantis posted record annual profits and announced a $4.5 billion payout to shareholders. With a 26% jump in profits and a 41% jump in global sales of batteries and electric cars, the company announced dividend increase and stock buy back.

5. Microsoft signs ‘Call of Duty’ deals with Nintendo and Nvidia

Microsoft signed a ten-year contract Call of Duty and other Activision games to Nintendo and Nvidia’s gaming platform if the Xbox maker is allowed to complete its controversial $69 billion acquisition of Activision. The move is the latest part of Microsoft’s push to ease regulatory burdens antitrust concerns about the deal.

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