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European stocks recovered some of yesterday's losses on Tuesday morning in London, as new data from the Office for National Statistics showed the UK's public sector borrowing had seen its second highest August on record.
Cross-chain DeFi platform pNetwork has been hacked on Binance Smart Chain to the tune of approximately $12.7 million worth of Bitcoin.
The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday.
Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro landscape. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as a financial advisor
Exclusive: GME Stock Jumps as CEO George Sherman stepping down by end of July!
Shares of GameStop Corp. GME, -1.12% shot up 6.0% in premarket trading Monday, after the videogame retailer said Chief Executive George Sherman will step down no later than July 31, after two years in the role.
He could step down earlier is a successor is appointed. The company said in its annual report filed in March that it was "evaluating executive leadership team skill sets related to changing business requirements," and had hired a third-party firm to help in the evaluation.
"The board's Strategic Planning and Capital Allocation Committee is leading a search to identify Chief Executive Officer candidates with the capabilities and experience to help accelerate the next phase of the Company's transformation," the company said in a statement.
The so-called meme stock has soared 293.0% over the past three months, while the S&P 500 SPX, +0.36% has climbed 10.2%.