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Black Thursday

Black Thursday

Bank of America lays out its scenario for how the next big top in stocks will form — and pinpoints the trigger that could cause a meltdown shortly after

Spencer Platt/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. The stock market is undergoing a final melt-up that will culminate in a top sometime between election day and the inauguration, according to Michael Hartnett, the chief investment strategist at Bank…
bubmag
October 11, 2020
Black Thursday

Ten Things You Need to Know Today: Sunday 4 Oct 2020

Queen said Diana's Panorama interview with ‘frightful’ The Queen said Princess Diana's 1995 interview with Panorama was a “frightful thing” to do, according to a new documentary. Sir Richard Eyre, former director of the National Theatre, said: “I had lunch with the Queen not long after and she said to…
bubmag
October 4, 2020
Black Thursday

Democrats Have a Chance to Hit Trump on Jobs

According to Friday’s official jobs report—the last one that the Bureau of Labor Statistics will release before November’s election—the economy added around 661,000 jobs in September. Since unemployment is down slightly, it’s probably a safe bet that Trump will seize upon the numbers as proof of his exceptional economic stewardship,…
bubmag
October 2, 2020
Black Thursday

‘The worst crash in our lifetime’: One market expert says stocks are screaming towards a Great Depression-like setup in early 2021 — and warns an 80% to 90% plunge isn’t out of the question

Bettmann/Getty Images This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Harry Dent, the founder of Dent Research and editor of the Economy and Markets newsletter, says stocks are nearing a day of reckoning.  His forecast rests upon several variables, including exorbitant debt,…
bubmag
September 13, 2020
Black Thursday

WATCH | UK economy extends recovery from Covid crash

13 Sep We live in a world where facts and fiction get blurred In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest…
bubmag
September 13, 2020
Black Thursday

UK economy grows by 6.6% in July, extending recovery

The UK economy grew for a third month in a row in July as pubs, restaurants and other sectors reopened after the coronavirus lockdown, but it remained around 12% smaller than its pre-pandemic level.  After crashing by a record 20% in the second quarter, output expanded by 6.6% in July,…
bubmag
September 11, 2020