submitted by /u/Lor1al [link] [comments]
Day: June 3, 2024
SEC BEEN REVIEWING SOME TRADING IN GAMESTOP CALL OPTIONS: WSJ
E*TRADE CONSIDERS KICKING KEITH GILL OFF PLATFORM: WSJ SEC REVIEWING TRADES AROUND TIME OF GILL SOCIAL-MEDIA POSTS:WSJ submitted by /u/XGramatik [link] [comments]
Pepperstone: USD slipping to fresh day lows as NY trade persists…DXY probing 104.10 to the downside, as the EUR tests 1.09 to the upside, cable kisses the 1.28 figure, and USDJPY has a brief foray south of the 156 handle
submitted by /u/XGramatik [link] [comments]
Globalization: A Force for Evil?
Globalization has its downsides, especially for regions that are already struggling. These places become even more desolate. The easier it is to travel around the world, the more likely people are to flee to where there’s hot (or any) water. Not to mention unemployment benefits, aromatic sausage and a fatty cultural layer on it. People flee even when the economy is growing. It’s not just about future prospects, but the current disparity in living standards. If life in Syria is slowly but surely getting better, you might feel excited that in 30 years your country will catch up to, say, Bulgaria. But why wait? You could move to UK right now, where the locals are more than happy to share their personal income tax. Capitalism chases profitability, and not environmental friendliness or the rights of the working class. Regions are becoming impoverished and desolate. People flee from poverty and a lack of social elevators. And not just from desperate poverty, but from simple unemployment. Traditional agriculture, for example, has become incredibly efficient. Where 100 years ago 500 people with horses and pitchforks were needed, 30 years ago it took just 50 with fertilizers, tractors, and milkmaids. Now, five people with robots, GMOs, and vertical farms are enough. There simply isn’t enough work. More layoffs are coming, and that’s normal. The main thing is for regional authorities to understand that globalization isn’t all good. submitted by /u/FXgram_ [link] [comments]
TREASURY 30-YEAR YIELD FALLS 10 BASIS POINTS ON DAY TO 4.547%
submitted by /u/XGramatik [link] [comments]
Warren Buffet’s Berkshire Hathway class A stock has just dropped 85.6%
submitted by /u/XGramatik [link] [comments]
Oil drops -3.1%, passing $75 per barrel.
submitted by /u/XGramatik [link] [comments]
EUROPEAN NATURAL GAS FUTURES JUMP 10% ON NORWAY’S OUTAGES
submitted by /u/XGramatik [link] [comments]
GAMESTOP RISES 90% AS KEITH GILL POST SHOWS $116 MILLION BET
submitted by /u/XGramatik [link] [comments]
Coming up this week: PMI from China, the Eurozone, France, Germany, India, and the UK will be released. The European Central Bank (ECB) rate decision will be published. Earnings from CrowdStrike, Dollar Tree, Ferguson, Lululemon Athletica, and Meituan will be posted
submitted by /u/XGramatik [link] [comments]
Pepperstone: With the ECB meeting on Thursday, the base case remains that the ECB will proceed with further cuts beyond summer, seeing a total of 75bp worth of cuts delivered this year
submitted by /u/XGramatik [link] [comments]