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1. Dorsey's departure sends Twitter stock on a rollercoaster ride. $4 stock $4 as word of CEO Jack Dorsey's $4 filtered out and then got confirmed.
Shares initially jumped as much as 11%, adding $4.2 billion to the social media company's market cap.
But as details of new Twitter boss Parag Agrawal sank in, the stock erased the entire gain and more, to end the day 2.7% lower.
The social media giant's co-founder is also CEO of digital payments company $4 — something activist investor Elliott Management wasn't keen on.
But $4 on Agrawal, who has been Twitter's tech chief since 2017, having hoped for an outsider to come in and shake things up.
And now that Dorsey is letting go of Twitter's reins, the crypto world is watching closely to see whether he will dedicate all that $4 to $4. Watch this space.
2. Stocks tank after Moderna's CEO warns current vaccines won't work as well against Omicron. Dow futures lost 490 points at one point this morning in the expected whiplash. $4.
3. Morgan Stanley thinks the market is underestimating the inflation surge from the Great Resignation. A survey of 12,500 European workers shows them ditching traditional jobs for content creation, and NFT and stock trading. $4.
4. Earnings on deck: ZScaler, Hewlett Packard, and Salesforce are all $4.
5. The Friday selloff sparked by concerns over the new Covid-19 variant Omicron turned out to be the second-biggest retail buying day this year. The biggest retail buying day this year was sparked by worries over the Delta variant.$4.
6. Despite the Omicron-caused sell-offs, strategists say stay invested. Stocks and oil are being whipsawed by developments around the emerging variant, but big bank analysts are holding tight for now. $4.
7. The price of a barrel of oil could soar in the next could of year, according to JPMorgan. That's because demand isn't likely to wane amid concerns over the new Covid-19 variant, and OPEC+ is in the driver's seat on supply. $4
8. Crypto bull Michael Saylor's MicroStrategy bought millions worth of bitcoin. The business software company bought 7,002 bitcoins at a cost of $414 million in its fourth quarter so far. $4.
9. The founders of an NFT fund backed by Andreessen Horowitz said investing subjectively and tracking whale wallets are two ways retail investors can build up their digital art portfolio. Brandon Buchanan and Nabyl Charania, founders of Meta4 Capital's NFT fund, are seeking $100 million in total investment. $4.
10. Joel Greenblatt, the legendary investor who backed Michael Burry's 'Big Short,' shared six tips for capitalizing on opportunities in spinoffs. He's going to be paying close attention to General Electric's spinoff plans, specifically. $4