SCOTT MORGAN/REUTERS
Sign up for Insider Investing for your weekly markets analysis.
1. Global stocks climb as investors mull improving global economic data. See what markets are doing today.
2. Warren Buffett confirmed to CNBC that Greg Abel will be his likely successor once he steps down. Abel, 58, is currently vice chairman of Berkshire Hathaway’s non-insurance business.
3. The news came after Buffett discussed Apple, Robinhood, SPACs, and market speculation at Berkshire Hathaway’s annual meeting. Check out all of our coverage here.
4. Treasury Secretary Yellen said on Sunday Americans can expect a ‘big return’ from Biden’s $4.1 trillion spending proposal. The former Fed chair says it’s unlikely fuel a dangerous surge of inflation, but if it does, the government has the tools to address it.
5. A new green cryptocurrency called Chia starts trading today. Here are 6 things to know about the digital asset, which uses a less energy-intensive method of minting new coins.
6. Earnings expected. Vornado Realty Trust, Diamondback Energy, The Williams Cos, Loews, and Estee Lauder are highlights.
7. On the data docket. Markit US manufacturing PMI, ISM manufacturing, and construction spending are among the key data releases.
8. Credit Suisse is on the hunt for companies poised to outperform as the US economy enters a new phase of rapid growth. The firm says to buy these 14 high-quality stocks ready to beat the market in 2021.
9. Binance CEO Changpeng Zhao breaks down how he built the world’s largest crypto exchange in 180 days. He also shares why he’s keeping most of his assets in Bitcoin and Binance Coin.
10. A portfolio manager and investor-behavior expert at a $2.2 billion firm unloads on speculation in stocks and cryptocurrencies. Phil Toews also warns that it’s ‘highly probable’ the S&P 500 drops at least 30% in the ‘not too distant future.’
Powered by WPeMatico
