It has been a tumultuous year in China. But for some of the biggest names on Wall Street,the country’s economic prospects look rosier than ever.
The fact that Elon Musk could send the value of a cryptocurrency plummeting after a joke on Saturday Night Live tells you a lot about the state of financial markets.
The Swiss banking giant has moved to contain the fallout from two of the worst hits in its recent history with a surprise capital increase and a sweeping overhaul of its business with hedge funds.
Two months after its shares soared to the moon,selling new stock could help the struggling video game retailer to pay down debts and even revive the company by pursuing a new business plan.
A raft of seemingly unrelated incidents and developments have shaken up global markets. But there are two things that connect them.
There’s no mystery about why a collection of the world’s larger and important banks lined up to provide so much funding and leverage to a character with Bill Hwang’s history.
The sharp move higher even left some members of Reddit’s WallStreetBets forum,which helped cheer its meteoric rise last month,scratching their heads.
US regulators are probing possible market manipulation during the GameStop trading frenzy.
SPACs are the hottest thing in finance at the moment:Investors are giving publicly traded shell companies a blank cheque to go buy a business,sight unseen - and the cheques are getting bigger and bigger.
The GameStop frenzy has captivated markets and the media,but there is a dark side to this rebellion and not all traders are on the same side.
The sharemarket isn’t the economy,but that’s hard to remember in a bubble.