Live-streaming e-commerce star Li Jiaqi touted a tank-shaped ice cream in an online sales pitch, a day before the anniversary of the Tiananmen Square Massacre.AP, Getty Images A Chinese influencer may have unwittingly introduced his fans to the 1989 Tiananmen Square Massacre. Li Jiaqi touted a tank-shaped ice cream online, a day before the event’s 33rd anniversary. Almost immediately, Li’s show was taken off-air, sparking a wave of curiosity from his fans. One of China’s biggest influencers may… Source link
Read More »Europe Fears Economic Hit If Russia Is Sanctioned Heavily
(Bloomberg) — Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter. Most Read from Bloomberg Western allies are united in their desire to prevent a war as they enter high-stakes talks this week aimed at defusing tensions with Russia, warning it faces massive penalties for any incursion. Actions that have been discussed… Source link
Read More »Low rates, stimulus have been ‘a very deep punch bowl spiked pretty heavily with 100-proof liquor’
Billionaire “Bond King” Jeffrey Gundlach says the stimulus and the Federal Reserve’s low interest rates have “been a very deep punch bowl spiked pretty heavily with 100-proof liquor,” and “once this party ends, the hangover is going to be in the form of a sharp drop in economic growth.” Gundlach, the founder and CEO of $137 billion DoubleLine Capital, explained that the economic picture in the U.S. is “very hard to divine” because of the government’s intervention. “It’s like pushing on like a… Source link
Read More »3 ‘Strong Buy’ Stocks That Are Heavily Shorted
Shorting stocks can bring an investor serious profits – but there’s commensurate risk, as well. Basically, the short trader is betting that a stock will fall in price; it’s the opposite of most stock trading, in which the investor wants the shares to gain. Gaining, of course, is the risk in a short trade. There’s no ceiling on a stock’s potential gains, and in theory, a particular stock can see its price increase infinitely. But in a short sell, the trader has made the initial… Source link
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