🚫 Who's Dropping More Sanctions On Russia?

Good morning. US stock futures rose in Monday morning trading as investors geared up for a busy week of corporate earnings releases.

💳 US, UK serve up more Russian trade sanctions

📝 Our report: The United States and the UK are putting the squeeze on Russian metal, cracking down on the trade of new batches of aluminum, copper, and nickel.“Our new prohibitions on key metals, in coordination with our partners in the United Kingdom, will continue to target the revenue Russia can earn to continue its brutal war against Ukraine,” said Treasury Secretary Janet Yellen in a news release.

 🔑 Key points:

• Russia is a key exporter of metals like aluminum, steel and titanium — but British and American officials said the economic impact from the ban would be negligible for consumers and producers.

• The U.S. and U.K. have also previously sanctioned Russian gold, gas and diamonds.

• Since Russia's invasion of Ukraine, the U.S. and EU have levied sanctions on Russia’s biggest banks and its elite, frozen the assets of the country’s Central Bank located outside the country and excluded its financial institutions from the SWIFT bank messaging system.

💡 So what: The US and UK teaming up to sanction the trade of Russian metals sends a strong message of unity against Russia's aggression. By restricting the trade of these metals, they aim to put economic pressure on Russia and disrupt its revenue streams, further isolating the country on the global stage. It's a strategic move to hit Russia where it hurts and signal solidarity with Ukraine and other affected nations.

Monday - San Francisco Fed President Mary Daly Speaks, Home Builder Confidence Index

Tuesday - Fed Chair Jerome Powell Speaks, Building Permits

Wednesday - Fed Beige Book

Thursday - U.S. Leading Economic Indicators, Atlanta Fed President Raphael Bostic Speaks

Friday - Chicago Fed President Austan Goolsbee Speaks

📈 Jim Simons shares his five investing lessons for success!

💰 These are the first steps to wealth creation says financial planner!

💸 Everything you need to know about the Federal Funds Rate

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🤝🏽 Tech giant mulls major takeover bid

WHAT: Another major tech deal looks to be brewing as Salesforce is reportedly in talks to acquire cloud data management firm Informatica. The two companies have been in talks and could reach a deal as soon as within a week according to people familiar with the matter.

WHY: Salesforce Chief Executive Officer Benioff has been grappling with activist hedge funds pressing the company to run a tighter ship. Salesforce averted a potential proxy fight with activist investor Elliott Investment Management last year, after a series of strategic changes and a rise in the stock price.

📰 Google pulls plug on Cali news sites

WHAT: Google's giving California news sites a bit of a break, temporarily pulling the plug on links for some users in the state as it studies the impact of proposed legislation that would force the company to pay for serving up such content. The bill, known as the California Journalism Preservation Act, “would create a level of business uncertainty that no company could accept,” Jaffer Zaidi, Google’s vice president of global news partnerships said.

WHY: Governments around the globe have taken steps aimed at compelling tech giants to pay for news. Last year, Alphabet said it would remove links to news from Canadian publishers on Google after Prime Minister Justin Trudeau’s government passed a law requiring digital platforms to compensate local news outlets.

📱 iPhone losing steam? Shipments take hit

WHAT: Looks like Apple's iPhone shipments took a bit of a dip, down nearly 10% in the first quarter, while the rest of the smartphone gang was getting back on their feet, according to data from market tracker IDC. The global mobile market rose to 289.4 million handsets shipped, marking a 7.8% rise from a year ago.

WHY: The Cupertino, California-based company has struggled to sustain sales in China, the world’s biggest smartphone market, since the debut of its latest iPhone generation in September. Those issues are weighing on its global results. The company shipped 5 million fewer iPhones than it did a year earlier, according to IDC’s preliminary figures.

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