Tag Archives: Frenzy

RFI China and US swap accusations of genocide, but does it make any sense? The last official act of out-going US Secretary of State Mike Pompeo was to accuse China of perpetrating “genocide” against its Uyghur population. China was quick to point to the US’s treatment of its own indigenous people, to the American history of slavery and discrimination. The increasingly vitriolic war of words adds to the ongoing deterioration of ties between Beijing and Washington. In a strongly worded press… Source link

Shares in video game retailer GameStop (GME) are on a wild rollercoaster ride, fueled by retail trader geeks on Reddit—and newly minted New York Mets owner Steven A. Cohen is obscurely involved. GameStop shares rose more than 50% last Friday after users on the Reddit forum WallStreetBets (WSB) ganged up to buy the stock in response to a number of short calls, most notably from Andrew Left of Citron Research, who predicted that the stock would drop to $20. (GameStop isn’t the only one: AMC… Source link

(Bloomberg) — Animal spirits are famously running wild across Wall Street, but crunch the numbers and this bull market is even crazier than it seems. Global stocks are now worth around $100 trillion. American companies have raised a record $175 billion in public listings. Some $3 trillion of corporate bonds are trading with negative yields. All the while the virus spreads, the economic cycle stays on life-support and businesses get thrashed by fresh lockdowns. Spurred by endless monetary… Source link