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Black Thursday

Black Thursday

The Sordid Story of the Most Successful Political Party in the World

On December 13, 2019, Britain’s newly elected Prime Minister Boris Johnson welcomed “a new dawn.” The Conservative Party had secured its largest parliamentary majority since 1987. Almost 50 new seats had swung the Conservatives’ way, including many in the so-called “red wall”: working-class constituencies in north and middle England traditionally…
bubmag
February 23, 2021
Black Thursday

A chief investment officer at a $5.8 billion firm lays out why a dot-com-style bubble brewing in stocks will culminate in a 30-40% crash — and says the Fed could set it off

Investor concerns about a bubble in stocks are growing amid a euphoric bull market. In an interview with Insider, Chris Zaccarelli said easy financial conditions will lead to a crash. The CIO at Independent Advisor Alliance said inflation will eventually force the Fed to up rates. Visit the Business section…
bubmag
February 20, 2021
Black Thursday

GameStop Is Teaching Republicans to (Pretend to) Hate Wall Street

The ongoing fallout over a group of Redditors boosting GameStop and other heavily shorted stocks has landed—inevitably—at the door of the Trump family. While the former president hasn’t spoken out, Don Jr. has, aligning himself with day traders angry that Robinhood has stopped letting its users buy GameStop, Nokia, BlackBerry,…
bubmag
January 28, 2021
Black Thursday

Inside GameStop’s chaotic week in the stock market, which saw Reddit day-traders revolt against a renowned short-seller and send shares spiking

Getty Images / Corbis News GameStop's stock began the week by spiking on a board-of-directors shake-up.That price action eventually exploded into an all-out battle between online day-traders and short-sellers decrying the share gains.Those short-sellers - including the renowned Citron Research - argued prices will crash soon. But Reddit traders had…
bubmag
January 23, 2021
Black Thursday

Warren Buffett’s Berkshire Hathaway has scored a 3,000% gain on its BYD investment. Here’s the story of its bet on the Chinese electric-vehicle company.

BYD founder and CEO Wang Chuanfu, Charlie Munger, and Warren Buffett celebrate at a car launch. REUTERS/Jason Lee Warren Buffett's Berkshire Hathaway has scored a 30-fold gain on its BYD investment.It spent $232 million in 2008 for a stake worth $7.4 billion today.Here's the story of Berkshire's bet on the…
bubmag
January 23, 2021
Black Thursday

Will work-from-home give a boost to female employment?

The Covid pandemic will change the world permanently in many ways. Most obviously, people will increasingly work from home. Workplaces will not disappear, but an increasing share of work will be done at home. This will save employers office space and ancillary facilities. It will save employees money, time, and…
bubmag
January 10, 2021