10 things you need to know before the opening bell
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Here's what you need to know before markets open.
1. Global stocks trade near record highs, but surging cases of COVID-19 are acting as a drag. US futures are little changed but oil is sharply lower.
2. Bitcoin jumps 10% after hitting its lowest in about 2 months as buyers swoop in after the price drop. Investors appeared to be buying the dip on Monday morning.
3. Biden shocked markets with a proposal to nearly double the capital gains tax. This is what the move could mean for high-flying tech stocks, according to 5 experts.
4. A 'FinTok' star decided to buy tickets to see Dallas Mavericks with Dogecoin and Mark Cuban stepped in to help. Here's what she told us about the experience.
5. Liquidity in the bitcoin market should recover quickly after the futures-driven price crash, JPMorgan says. The bank said activity in the spot and futures markets seems to be growing more resilient.
6. Earnings expected. All eyes will be on Tesla's first-quarter earnings, which kick off a monster week.
7. On the data docket. Durable goods orders data start the week, in which the Fed will set interest rates.
8. The CEO of crypto exchange Kraken breaks down 2 emerging trends he's excited about. Jesse Powell also explains why he could 'easily' see Bitcoin reach $250,000 next year.
9. Economists expect the US economy to grow at its fastest pace since 1984 this year. We dig into what led to the boom, and what it means going forward for an American populace still feeling the unique effects of a historic downturn.
10. A short-seller overseeing $644 million unpacks his successful bet against Credit Suisse ahead of the Archegos meltdown. John Hempton also says investors could see 15 or more similar fund blow-ups in the future.
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