Morning Briefing: Elon Musk is the highest paid CEO for three consecutive years

Moomoo Breakfast US wrote a column · Aug 5, 2021 05:22

Morning Briefing: Elon Musk is the highest paid CEO for three consecutive years

By Julianna

Hey, moomooers! Here are things you need to know before the opening bell:

- Futures contracts tied to the major U.S. equity indexes were mildly higher in Thursday morning trade as Wall Street looked to improve upon a mixed week.

- Grill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.

Market Snapshot

Futures contracts tied to the major U.S. equity indexes were mildly higher in Thursday morning trade as Wall Street looked to improve upon a mixed week.

$Dow Jones Industrial Average(.DJI.US)$futures rose 79 points, while $S&P 500 Index(.SPX.US)$futures traded in mildly positive territory. $Nasdaq Composite Index(.IXIC.US)$futures rose 27.25 points.

The moves in the futures markets came after a mostly lower regular session on Wednesday.

Source: Bloomberg

Crypto

$Bitcoin(BTC.CC)$ and the rest of the crytocurrency market are continuing to swing.

$Ethereum(ETH.CC)$ traded 4.66% lower at $2,593.73 with the highest trunover at the time of wirtting.

$Bitcoin(BTC.CC)$ was dipped 4.55% today and traded at $38,026.03.

WallStreetBets, the group of investors known best for the $GameStop(GME.US)$, has launched single stock offerings on its blockchain-based decentralized application (DApp).

Source: moomoo

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Nintendo's net profit falls as gaming boom subsides

$Nintendo (ADR)(NTDOY.US)$'s first-quarter net profit fell 13% from a year earlier, as sales of Switch consoles and software slowed.

Weber IPO prices below expectations

Grill maker $Weber Inc.(WEBR.US)$ sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.

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Elon Musk is the highest paid CEO for three consecutive years

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