Stocks Steady After Fed Tempers Rate Cut Hopes; Google Settles App Store Suit for $700M; Tesla Boosts Nevada Worker Pay
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U.S. stock futures were muted on Tuesday following comments from Fed officials tempering expectations for interest rate cuts.
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Google agrees to pay $700 million to settle a lawsuit brought by U.S. states and consumers over alleged anticompetitive practices at its Play app store.
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Tesla is reportedly planning to increase hourly pay by 10% or more for some workers at its Nevada gigafactory.
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The Japanese yen weakened against the U.S. dollar after the Bank of Japan kept its ultra-dovish monetary policy unchanged.
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Oil prices edged slightly lower on Tuesday after gains in the previous session, as the U.S. announced plans to expand a naval task force to protect shipping through the Red Sea.