Tag Archives: drama

(Bloomberg) — Problems at a Chinese nuclear power plant near Hong Kong probably aren’t cause for any concern, experts said. Some of the politics behind the situation just might be. An issue discovered inside China General Nuclear Power Corp.’s Taishan Unit 1 reactor, in which presumably damaged fuel rod casings leaked inert gas, has happened enough times in the industry that operators know how to manage it and it’s usually “not any kind of threat,” according to Jeff Merrifield, a… Source link

(Bloomberg) — Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc. and a handful of other stocks is showing up in multiple exchange-traded funds, skewing portfolios, altering risk profiles and exerting outsized influence on prices. Take the $68 billion iShares Russell 2000 ETF (ticker IWM). In the… Source link

In honor of the 20th anniversary of Baz Luhrmann’s masterpiece Moulin Rouge!, I want to take you back to 2001. I grew up in the middle of nowhere Northern California. And when I say “middle of nowhere,” I mean that my parents had to drive 100 miles into a town in Oregon just so I could be born because my hometown hospital was not equipped to perform C-sections. Like many youths, I struggled to connect my fellow teens. I just had nothing in common with the people I went to high school… Source link

The Reddit-fueled frenzy behind GameStop’s (GME) surge last week — burning hedge fund short sellers and forcing Robinhood to curb activity in a clutch of hot stocks — illustrates a “plumbing issue” that exists in trading markets, according to one trader. The frenetic retail trading that took place over the last several weeks, roiling global markets in the process, creates a flood that blows away traditional risk management, veteran trader Peter Borish told Yahoo Finance. “I think… Source link

Monday, February 1, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe The GameStop saga is somewhere between a low and high risk event The massive surge in GameStop (GME) shares, the role of the r/wallstreetbets community, and everything else connected to the ongoing ordeal has attracted attention from Wall Street to Main Street and everyone in between. Regulators and even celebrities are chiming in. The story is dominating headlines as it… Source link