BBCNEWS World Business Report July 11, 2024
We start with the reddit fueled amateur trading frenzy. It has dominated this week. It has seen wild swings in shares hyped on Social Media Platforms the likes of gamestop and caused multibillion Dollar Losses for big wall Street Investors betting against them. Later today, us Treasury Secretary janet yellen will meet with the countrys financial regulators to discuss the issue. According to bloomberg news, one of the watchdogs, the securities and exchange commission, is now scouring social media posts for evidence of potential fraud. Certainly it appears that the regulators are certainly takin...
Source: archive.org