Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here.
Markets Insider is selling its first NFTs. Get the details here.
Let's get into it.
1. US stock futures are trading higher after the Fed signaled it sees no need to adjust monetary policy yet. With the dollar under pressure, commodities are getting a boost. Take a look at what the major markets are doing today.
2. Robinhood priced its long-awaited IPO at $38 per share. That came in at the bottom end of the company's pre-established range, and will raise roughly $2 billion in proceeds. It also valued the company at roughly $32 billion .
3. Chinese companies are evading Wall Street oversight with loopholes. Investors have bought over $800 billion worth of Chinese assets in the past year, a 40% increase from the year prior. Everyone is racing to do business in China - even if that means taking a huge overseas gamble.
4. On the docket: Amazon, Samsung, Mastercard, and Nestlé all reporting.
5. Apple had a blockbuster quarter. Investors are calling it a 'gold medal performance,' as the company easily exceeded all estimates. Here's how three Wall Street analysts reacted to Apple's earnings report.
6. Facebook beat 2nd-quarter earnings forecasts, but issued a warning on growth. The social media platform says it could see a slowdown amid new data-collection rules from Apple. It also said its explosive pandemic-era growth won't be sustainable.
7. Don't feel like buying your own bitcoin? You can buy into the first bitcoin mutual fund. ProFunds will now allow traders to invest in the popular crypto without buying the actual asset. ProFunds says you can say goodbye to your crypto-wallets and exchanges.
8. The SPAC boom is cooling off. Following a wave of SPACs over the last two years comes a surge in class-action suits against blank-check firms in the first half of 2021, according to a new report - "The rise of SPAC-related suits is no surprise given the huge increase in SPACs we saw," said a Bloomberg analyst.
9. A couple in their 30s shared how they came to own 21 rental units. The couple takes certain metrics into account when seeking where to invest in property, and consider places with job and population growth, as well as homes with appreciating value. Read their full playbook here.
10. In an intellectual experiment, a Wall Street legend turned 23 investment rookies into overnight millionaires. This is the same guy who turned a $1,600 loan into$200 million. He shared the six trading philosophies he used to train up his novice team for his experiment.
Compiled by Phil Rosen. Feedback? Email firstname.lastname@example.org or tweet @philrosenn.
Sign up for more Insider newsletters here.
If you continue to use this site we will assume that you are happy with it.