10 things you need to know before the opening bell
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1. US futures and global equities tumble. Inflation fears are hitting stocks, with the tech sector leading the sell-off.
2. Dogecoin surged 20% on Tuesday morning. Elon Musk had hinted that Tesla could accept the cryptocurrency as a form of payment.
3. Vice Media is eyeing a $3 billion SPAC. The company was worth almost double that four years ago.
4. Mark Zuckerberg named his goat 'Bitcoin'. Fans started hatching theories about the meaning of this immediately.
5. Retail stock trading declined sharply in March. JPMorgan said despite stimulus checks retail trading fell to 18%.
6. Bitcoin ETF issuer Ninepoint Partners will aim to fully offset its carbon footprint. The impact of cryptocurrency mining on the environment has been a hot topic in the crypto-sphere.
7. Earnings expected. Electronic Arts, Palantir Technologies, E.ON and Nissan are ones to watch out for.
8. On the data docket. Federal Reserve President Williams and Governor Brainard are due to make remarks, as is Bank of England Governor Bailey.
9. We spoke to Legendary investor Jeremy Grantham, who called the dot-com bubble and the 2008 financial crisis. He told us how 4 indicators have lined up for what could be 'the biggest loss of perceived value from assets that we have ever seen.'
10. Bank of America is looking both for companies best-placed to address the global chip shortage. The firm says to buy these 7 semiconductor stocks that are well-positioned to either benefit, or profit in spite of it.