AMC FUD Runneth Over: Panic at the Casino!
Kevin Cook, 21 June 2021
My Marine son made over 300% on his AMC Entertainment (AMC) shares this month that he bought in the teens. And even though he never called himself an “ape” as the kids do, he was following a lot of intel from message boards like Reddit’s WallStreetBets.
It all started when he returned home from a deployment in the Middle East before Thanksgiving. He and his wife were getting more interested in investing options as their savings accumulated. I had already helped him pick some long-term funds a few years prior, but wanted to get them exposed to the cutting-edges of technology in ARK Invest funds like the ARK Innovation ETF (ARKK). Continue reading “Article: AMC FUD Runneth Over: Panic at the Casino!”
Fabio Panetta, a member of the executive board of the ECB, was interviewed by the Financial Times, saying that the digital euro was more capable of protecting privacy than private alternatives. The interview begins with the privacy question and how measures can be placed without making room for money laundering, tax evasion, and other illicit activities. The ECB executive was blunt in his response, saying that there was no self-serving interest from the bank.
[The following was written by a San Francisco friend from the hedge fund world, Shawn Brown. It buttresses the suspicion that while there seems to be plenty of credit money available for speculation, the collateral behind it is getting thinner and shakier by the week. The Fed, with $8 trillion of Treasury paper and other top-shelf collateral on its balance sheet, has monopolized the supply, leaving lending banks to scramble for collateral for their own that hasn’t already been hocked twentyfold. As a result, central bank interventions are becoming more frequent, more complex and bigger, to the point where even the experts are having trouble determining whether the banking system is headed for a crack-up far larger than the one that took down Archegos a few months ago. RA] 
The Wall Street establishment and the Reddit, Robinhood-fueled meme stock traders don’t see eye to eye, on just about anything. In fact, rolling eyes at the stock market’s traditional ways is inherent in trades like GameStop and AMC Entertainment.
Many Bitcoin mines in Southwest China’s Sichuan Province – one of China’s largest cryptocurrency mining bases – were closed as of Sunday, according to after local authorities ordered a halt to mining in the region on Friday amid an intensified nationwide crackdown against cryptocurrency mining.
SPRK has received a request from Nord Pool. In it the exchange requests SPRK and Lithuanian National Energy Council to check if Latvian transmission system operator Augstsprieguma tīkls and Lithuanian transmissions system operator Litgrid AB haven’t breached Regulation (EU) No 182/2011 of the European Parliament and of the Council of 25 October 2011 Article 5 of Regulation (EU) No 1227/2011 on Wholesale Energy Market Integrity and Transparency (REMIT). Article 5 states that any involvement in market manipulation is strictly prohibited. 
KARACHI: The post-clearance audit of Pakistan Customs has unearthed an under-invoicing and trade-based money laundering case of an importer engaged in consignment clearance on fake invoices, the Federal Board of Revenue (FBR) said in a statement issued on Saturday.
China’s government has suffered a setback in its campaign against inflation as consumer prices accelerated last month despite pressure on producers to keep commodity costs down.
Justice Chukwujekwu Aneke of the Federal High Court sitting in Lagos, yesterday, discharged and acquitted a Peoples Democratic Party (PDP) chieftain, Senator Peter Nwaoboshi, of the N322 million money laundering charge levelled against him by the Economic and Financial Crimes Commission (EFCC).
The U.S. was already doing a poor job of teaching people how to manage their money. Then meme stonks came along.
The previous eight banks Banned After promising “integrity” and providing evidence of “remedial measures” after historical violations of antitrust rules, the bond sales of the EU’s 800 billion euro recovery fund have been approved to process future transactions.
Three men engaged in a brazen scheme to “surreptitiously hijack” and take over dormant shell companies, whose stock they then fraudulently inflated to dump to unwitting investors, according to charges in an indictment that was unsealed Friday.