RT’s Boom Bust talks to Octavio Marenzi of Opimas LLC about the company’s report and the role of bitcoin there. Tesla’s quarterly results are “pretty encouraging,” according to the analyst. “What is kind of weird, is this whole thing with bitcoin and a hundred million dollars of bitcoin gains added …
Read More »Global banks bracing for losses amid US hedge fund collapse
The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital Management ignited a fire sale of more than $20 billion in assets that has left some of the world’s biggest investment banks bearing billions of dollars of losses. According to billionaire investor Mike Novogratz, the collapse of Hwang’s …
Read More »Warren accused of ‘protecting’ hedge funds by saying Gamestop surge helps no one, demanding SEC action
“Casino-like swings in stock prices of GameStop reflect wild levels of speculation that don’t help GameStop’s workers or customers and could lead to market instability,” Warren wrote in a Friday letter addressing controversy on Wall Street. Warren, long painted by herself and supporters as a critic of Wall Street, said …
Read More »AOC throws weight behind GameStop hedge fund massacre, takes a dig at Wall Street’s ‘long history of treating economy as a casino’
The New York congresswoman took to Twitter on Wednesday night to poke fun at the “Wall Streeters” racking up major losses amid a push by online trolls to punish GameStop short-sellers, deliberately driving up the value of the retailers’ stock. “Gotta admit it’s really something to see Wall Streeters with …
Read More »‘If Trump wins, my profession is done’: Pollsters hedge bets for ANOTHER potential election day upset
Democratic candidate Joe Biden is leading President Donald Trump by up to 10 points nationwide. Yet polls can be wrong, and for all the talk of a Biden “landslide” in the media, Trump’s supporters likely remember 2016, when their candidate pulled off a shock victory against Hillary Clinton, despite being …
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