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The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market's plumbing that roiled investors during the original meme-stock craze in 2021.
The sudden revival of GameStop mania comes just as the U.S. financial industry is racing to fix a big problem with the market’s plumbing that roiled investors during the original meme-stock craze in 2021.The Wall Street Journal - World -
An Economic Peace Plan for Gaza Is Bound to Fail
Unless it follows an unconditional surrender.The Wall Street Journal - World -
The WSJ Dollar Index Was Flat at 99.16
The WSJ Dollar Index was flat at 99.16, and was down four of the past five trading days.The Wall Street Journal - World -
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Comex Gold Ends 1.4% Higher at $2412.20
Front Month Comex Gold for May delivery gained 1.4% to $2412.20 — a fresh record highThe Wall Street Journal - World -
China unveils package to boost property sector
Central bank eases lending requirements and lowers downpayments to ease years-long slowdownFinancial Times - World - China -
30-year Treasury yield falls for 3rd straight week after data indicate ‘serious headwinds’ for U.S. economy
Rates on U.S. government debt finished slightly higher on Friday even after new Conference Board data pointed to softer economic conditions ahead. However, yields finished lower for the week, with the 30-year rate experiencing its third straight ...MarketWatch - Business -
Biden’s Future Problem
In reporting about voters’ views of Mr. Biden, it’s clear at least some think he’s hardly doing anything at all — and that if re-elected, there might be no change.The New York Times - Top stories - Joe Biden -
Economics adds up for Dante delight but Derby picture left murkier than ever
Winner may be favourite if switched to run at EpsomColt pulled out as trainer fears would not act on trackThe Dante Stakes, the last recognised Derby trial before the Classic on 1 June, had the emphatic winner that everyone had turned up hoping to ...The Guardian - World -
Putin visits China’s ‘Little Moscow’ as allies seek to cement economic ties – live
Leader visits city known for historically large Russian population on second day of visit. Putin and Xi announce plans to strengthen military ties in BeijingWhile Putin’s visit to China continues, back in Russia his deputy foreign minister has ...The Guardian - World - China -
Economic damage from climate change six times worse than thought – report
A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found. The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth ...The Guardian - World - Climate -
Scheffler statement: 'There was a big misunderstanding'
Scottie Scheffler was arrested following an incident with an officer outside the entrance to Valhalla Golf Club.Yahoo Sports - Sports -
The candour gap has become a problem for politicians
People are much more open and honest in their private lives and now expect the same from their leadersFinancial Times - Business