News

10 things you need to know before the opening bell


Traders work on the floor of The New York Stock Exchange

Summary List Placement

Welcome to 10 Things Before the Opening Bell. Sign up here to get the day’s top stock and crypto news in your inbox every morning.

Sign up for Insider Investing for your weekly markets analysis.

1. Tech stock futures slip as investors brace for a jump in inflation. See what markets are doing today.

2. China arrested over 1,100 suspects in a crypto-related money-laundering crackdown. Criminal clients paid up to 5% commission for the conversion of dirty money into crypto, a ministry said.

3. Reddit traders have scared away bears from meme-stocks. The tally of stocks with high short interest has diminished from mid-January when the GameStop frenzy began.

4. Chamath Palihapitiya’s SPACs will offer retail investors a way into their IPOs. 5% of shares in the companies would be made available on SoFi’s trading platform.

5. SEC’s Hester Pierce worries stricter US rules will hurt the crypto market. She isn’t sure new guidelines could be good for innovation. 

6. Earnings expected. Chewy is due to report Q1 results.

7. On the data docket. The US consumer price index, continuing jobless claims, 4-week bill auction, and the 30-year bond auction are due.

8. Forget bitcoin and other hypervolatile cryptocurrencies. For everyday transactions, the future of money is stablecoins. 

9. The CEO of investment-research firm Fintel built a tool to help retail investors identify opportunities. Wilton Risenhoover shares 20 heavily shorted stocks primed for a squeeze.

10. Gerry Frigon’s stock fund has soared nearly 700% in 14 years. Here’s what he’s buying to bring his clients another decade of outsized profits.

Join the conversation about this story »

NOW WATCH: Hate going to the theater? Here’s how theaters are ruining the movie-going experience

…read more

Source:: Business Insider

      

(Visited 13 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *