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Transcripts For BBCNEWS World Business Report 20240711

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 taking a look, as they have said publicly, you know, the recent market action. Its hard to say whether additional regulations would be written wired. Certainly, again, ....

Treasury Secretary , Hello Again , Business Stories , Amateur Trading Frenzy , Sally Bundock , Will Washington , Music Streaming , Business Surge , Social Media Platforms , Wall Street , Dollar Losses , Social Media , Securities And Exchange Commission , Bloomberg News , Janet Yellen , Potential Fraud , Market Action , Vantage Point , Written Wired , Yael Selfin , Playing Field , Consultants Kpmg , Isn T It , Interest Rates , Et Cetera , Com Bubble ,