As the U.S. and other Western powers line up to impose sanctions on Russia for its armed incursion into Ukraine, the looming economic penalties are likely to squeeze the energy giant’s economy. However, there are questions about whether the booming cryptocurrency sector could allow oligarchs close to Russian President Vladimir Putin to skirt the effort to put the financial squeeze on Moscow, thanks to the anonymity and decentralization of digital tokens. According to Capital Economics,… Source link
Read More »Tanger Factory Outlet shares jump, eyed by WallStreetBets
Tanger Factory Outlet Centers (SKT) is the #1 trending ticker on Yahoo Finance during the Thursday’s morning session. Shares of the retail real estate company were up 16% in early trading but paired back some of those gains by 11 a.m. Yesterday the stock closed 9% higher. These types of moves on heavily shorted names are normally indicative of a short squeeze. Retail investors on WallStreetBets have increased their mention of the stock recently. Shares are up more than 80% year-to-date, and… Source link
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