U.S. futures are priced to open slightly higher Friday, ahead of the July 4 holiday weekend and the start of the third quarter. Meanwhile, the European Central Bank said that the U.K.'s vote to leave the European Union could weigh on the eurozone. All of the European markets were showing gains today, with the FTSE 100 up more than 1.2%. All of the Asian markets closed in the green for the first day of July.
In a potential setback for self-driving cars, the U.S. government and federal highway safety regulators are investigating a fatal crash involving a Tesla (TSLA) vehicle in Autopilot mode. The National Highway Traffic Safety Administration's investigation includes 25,000 Model S sedans equipped with Autopilot. Tesla said in a statement Thursday that customers must give "explicit acknowledgement" that the Autopilot is still under development when they try to use the feature, Reuters reported. Shares were down by nearly 3% in early trading.
Oracle (ORCL) was ordered to pay $3 billion in damages to Hewlett Packard Enterprises (HPE) after a Silicon Valley-based jury determined that Oracle violated a contract with Hewlett Packard Enterprises when it stopped future developments on its Itanium server in March 2011. Hewlett Packard Enterprises, which was recently spun off from HP (HPQ), argued that Oracle's move caused serious damage to HP and its customers. Oracle issued a statement Thursday saying HP knew the Itanium chip was nearing the end of its life and was "actively hiding that fact from its customers."
A Chipotle (CMG) executive has been placed on leave after reports that he was linked to a drug bust in New York, according to the Wall Street Journal. Mark Crumpacker, the company's chief marketing and development officer, was one of 18 alleged buyers indicted in the cocaine drug ring, the Journal reported. Crumpacker's arraignment will be in coming days. This is the latest black-eye for Chipotle, which saw sales drop due to an E. Coli outbreak last October.
Shares of Chevron (CVX) were down slightly before the bell following news that the dealine is near for a $40 billion bet on next decade's oil, according to the Bloomberg. The company said in mid-2016 it will decide on expanding the Tengiz development in Kazakhstan, which will cost $40 billion. The investment was put on hold last year after cost estimates rose amid plunging oil prices, Bloomberg reported.
-- Written by Carleton English and Anders Keitz