Markets await PCE, bitcoin, Apple's App Store: 3 Things

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Stock futures (^DJI, ^IXIC, ^GSPC) appear mixed to start the week after indexes soared together to new highs last week, while investors and markets also eye ...

after indexes soared together to new highs last week, while investors and markets also eye a slew of key economic data, including the) extends its losses after falling off by 10% over the past 30 days and over 5.7% in just the last week. The cryptocurrency hovers above $61,000 this morning.) has strayed into the sights of the European Commission again after regulators found Apple's App Store is in breach of its Digital Markets Act.

We're going to get consumer confidence the second GDP revision for the first quarter, a number of housing related prints, all culminating in Friday's PC inflation report. It all comes after the Cryptocurrency hit a record of above 73,000 back in March, and Apple is in hot water, with regulators once again the European Commission saying Apple is in breach of new rules meant to protect competition on its APP store.The commission says under the terms of the Digital Markets Act, developers on Apple's APP store should be able to inform their customers of alternative, cheaper purchasing possibilities and be able to steer them to those offers, all free of charge.

Apple is charged by the European Union for failing to comply with the Digital Markets Act, while separately, a report says the iPhone maker is talking with Meta Platforms about an artificial-intelligence partnership. Trump Media rises as it expects proceeds of nearly $70 million from the exercise of warrants last week.

 

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