1045 days ago
Foreign investors are piling in to Chinese stocks--some say a rising Yuan could be a reason for the switch flow of funds. Financials were among some of the highest performers on Tuesday alongside consumer stocks--Beijing tried to talk down commodity prices sending investors towards defensive assets.
1045 days ago
Narrative investing, the act of investing your money in stories, has left classical financial markets to invade cryptocurrencies. Retail traders are now increasingly discussing cryptocurrencies on Reddit forums, many of which are steadily rising.
1045 days ago
Th DAX 30 just touched an all-time high after data indicated an improving business morale. Investors continued to focus on the prospect of a solid recovery in 2021 while taking a breather from their recent unease over rising inflation. Bank of England Governor Bailey said he does not see inflation causing a serious problem in the medium to long-term, while US Federal Reserve pledged to keep its ultra-loose monetary policy for some time despite the recent spike in consumer prices.
1045 days ago
“Bummed to hear about Yiming Zhang stepping down — truly an amazing CEO,” tweeted Patrick Collison, the chief executive of the $95bn payments start-up Stripe. “To give a sense for the calibre of their execution: ByteDance was founded in 2012, is reported to have generated $35bn of revenue in 2020, and hired 40,000 people last year.”
1045 days ago
Virgin Galactic went through a rough couple months, and many traders were betting on a price fall. Nearly 14 million shares of the company were sold short over the past 30 days. However, the stock price rose by 28% on Monday trading, following their latest successful test flight. A short squeeze occurs when a stock posts large gains and that short sellers are forced to buy the stock to close their positions, pushing the stock price further up.
