10 things before the opening bell
Let's get into it.
1. Global stocks are rising after Evergrande dodged default with a last-gasp dollar bond interest payment. But Snap's Apple-related digital ads warning has the Nasdaq shaping up for a downbeat open. See the latest moves on the market.
2. Donald Trump makes a deal: Digital World Acquisition spiked 357% after the SPAC agreed to merge with Trump Media & Technology. Read full details here.
3. Bank of America says to buy these crypto-linked stocks. The firm says the crypto market has become "too large to ignore," and anticipates certain companies will outperform due to their digital asset exposure. See their list of 43 stocks.
4. Earnings to watch: Honeywell, American Express, and Royal Caribbean Cruises, all reporting.
5. The Federal Reserve will ban policymakers from buying individual stocks. The rule change comes on the heels of a trading controversy involving two Fed regional presidents who have since resigned. "These tough new rules raise the bar high," said Fed Chair Jerome Powell.
6. WeWork made its long-awaited trading debut two years after its failed IPO attempt. The flexible-workspace company went public through a SPAC merger with BowX, and shares rose as much as 14% during its first session. See what the company's CEO had to say about it.
7. ProShare's bitcoin futures fund became the fastest ETF to top $1 billion in assets. The prior record holder was the SPDR Gold Shares ETF. Here are the numbers to know.
8. Tesla stock climbed after record vehicle production drove 57% revenue growth in the third quarter. Analysts were impressed by the EV maker's resilience in the face of supply-chain constraints. Read Tesla's key numbers from Q3.
9. A 22-year-old who first bought bitcoin when it traded at $8 is leading a VC in the crypto gaming space. Piers Kicks shared a little-known play-to-earn game where players can earn 'substantial money.' He also explained an under-the-radar protocol driving his ethereum bull case.
10. China's growth is slowing amid "once-in-2-decades restructuring," said Bank of America. The Evergrande housing crisis has been catastrophic for China's economy. The firm offered three sectors to target, and three industries to avoid.
Sign up for more Insider newsletters here.
- DBS Bank’s custom financing leads the way for companies trying to reach net-zero goals
- Republic Day 2022 – Here is a list of wishes and messages you can send to your fellow citizens
- The world's 5 richest tech tycoons — including Elon Musk, Jeff Bezos, and Bill Gates — have already lost about $85 billion this year amid a brutal market sell-off
- Brands celebrate Republic Day with patriotic fervour
- OPINION: Tax consolidation schemes is the need of the hour for India’s renewable energy sector
- Air India's new policy on pre-flight weight checks is not going well with its staff
- Anand Mahindra responds after farmer's humiliation at SUV showroom
- MakeMyTrip's founder Deep Kalra moves into a chief mentor role