10 things you need to know before the opening bell

Traders and financial professionals work on the floor of the New York Stock Exchange
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1. Global stocks rise as Fed speakers calm inflation concerns. Find out what markets are doing.
2. Elon Musk issued a call for developers to suggest dogecoin upgrades. He said he preferred the coin because of its satirical nature.
3. Guggenheim’s cofounder is building a blockchain network tower. It will also house the world’s largest NFT museum.
4. Cathie Wood said the reopening trade will prevent a 2000-like tech bubble. She said deflation would power the next period of growth.
5. Crypto has become a fully fledged asset class, Goldman Sachs says. There are however barriers for investors and FOMO still impacts prices, the firm says.
6. Earnings expected. Heico Corp published results.
7. On the data docket. The European Central Bank’s chief economist and the Chicago Fed’s president are set to make remarks today.
8. The CEO of Wave Financial, a $500 million crypto asset manager, shares his bear market tips. He spoke about surviving multiple 70% crashes and how his clients navigated the last flash crash.
9. The CEO and cofounder of Blockchain.com, Peter Smith, shared the four assets he is following. He also explained why he gave away crypto to thousands of people.
10. Warren Buffett built a $4 billion Chevron stake in 6 months before halving it last quarter. Four Berkshire Hathaway experts explain why.
Read the original article on Business Insider

Source: https://www.businessinsider.com/opening-bell-may-25-2021-5

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