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 shares stall as investors await inflation signals from the Fed, gold steadies after 3 days of losses. Investor optimism dipped ahead of a key Federal Reserve decision.
2. UK inflation unexpectedly surges to 2.1% in May as Brits splurge after lockdown - and economists think prices have further to rise. The increase took inflation above the Bank of England's target rate.
3. Coca-Cola lost $4 billion in market value after soccer star Cristiano Ronaldo suggested people should drink water instead. Ronaldo showed his distaste for the soft drink during a Euros 2020 press conference.
4. 'Big Short' investor Michael Burry is back on Twitter - and warning of the biggest market bubble in history. It seems Burry's concerns only grew during his 10-weak hiatus from Twitter.
5. Goldman Sachs says it is seeing a 'superbloom' of M&A activity as corporations rethink their businesses after the pandemic. The M&A market is burning hot right now, according to Goldman's expert.
6. Earnings expected. Lennar Corp reports on a quiet day.
7. On the economics calendar. It's a big moment for markets as the Federal Reserve reveals its policy decisions.
8. The top US portfolio manager at $2 trillion Amundi believes a regulatory storm is coming for cryptocurrency. He explains why bitcoin and ether will play a smaller role in the financial system in 10 years.
9. A VC shares the crypto-investing strategy that increased his fund size sixfold in 4 years. He also lays out his unique use case for betting on Polkadot's DOT, a token that's surged 200% this year.
10. Deirdre Dunn started her career winning a hamburger-eating contest on the trading floor at Goldman Sachs. She details her journey to becoming one of Wall Street's star traders at Citigroup.