Tag: Wall Street

Categories USA

AOC throws weight behind GameStop hedge fund massacre, takes a dig at Wall Street’s ‘long history of treating economy as a casino’

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Democratic Rep. Alexandria Ocasio-Cortez has heaped mockery on Wall Street hedge funds who’ve taken a beating after a short-selling scheme on GameStop shares miserably backfired, accusing them of treating markets like a “casino.” … 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’

Categories USA

Discord SHUTS DOWN ‘WallStreetBets’ group as members drive runaway surge in GameStop stock, but platform says ban unrelated

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The ‘WallStreetBets’ Discord channel has been taken offline, with the platform claiming the ban was due to hate speech and had nothing to do with members helping to fuel a meteoric spike in GameStop’s stock value. … Read More >Discord SHUTS DOWN ‘WallStreetBets’ group as members drive runaway surge in GameStop stock, but platform says ban unrelated

Categories Op-ed

GameStop saga exposes deep hypocrisy from elite investors and proves US financial market is detached from reality

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The destruction of a short-selling hedge fund by investors on Reddit was a formidable display of people power. It exposed the US stock market’s feet of clay – and the panicked elites are sure to retaliate. … Read More >GameStop saga exposes deep hypocrisy from elite investors and proves US financial market is detached from reality

Categories Business

Bringing water to Wall Street may spark bubble for the world’s most vital resource, UN warns

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Trading water futures like oil or gold is expected to leave the market vulnerable to a speculative bubble, according to Pedro Arrojo-Agudo, the UN’s Special Rapporteur on the human rights to safe drinking water and sanitation. … Read More >Bringing water to Wall Street may spark bubble for the world’s most vital resource, UN warns

Categories Business

Drug addicts on Wall Street can’t hold out for another four weeks without going into stimulus withdrawal – Peter Schiff

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US President Donald Trump has unilaterally abandoned stimulus talks until after the election, promising to pass “a major Stimulus Bill” if he wins. Economist Peter Schiff reminds us that the November 3 vote is under a month away. … Read More >Drug addicts on Wall Street can’t hold out for another four weeks without going into stimulus withdrawal – Peter Schiff