U.S. Futures Gain, Bond Rally Pauses as Fed Eyed: Markets Wrap
Cecile Gutscher and Joanna Ossinger, 14 June 2021
U.S. equity futures and stocks posted modest gains Monday as investors prepared for a key Federal Reserve meeting later in the week. The rally in bond markets lost steam.
S&P 500 futures signaled the gauge was poised to add to Friday’s fresh record. An advance in European equities was led by shares in energy firms. The Treasury 10-year yield rose to 1.46% after hitting three-month lows on Thursday amid the biggest weekly slide since December. French and German government bond peers also reversed course with yields turning higher. Continue reading “Article: U.S. Futures Gain, Bond Rally Pauses as Fed Eyed: Markets Wrap”
As the cryptocurrency market’s weeks-long rout continues, Tesla’s billionaire CEO Elon Musk took to Twitter Sunday afternoon to refute claims that he engaged in a bitcoin pump-and-dump scheme earlier this year and said the electric-vehicle company would once again invest in the world’s largest cryptocurrency once its mining operations constitute a “reasonable” amount of clean energy usage. 
Magda Wierzycka, one of the richest women in South Africa and CEO of financial services company Sygnia, said Tesla CEO Elon Musk would likely have been investigated by authorities regarding recent allegations over his manipulation of crypto prices — if his target had been almost anything other than Bitcoin.
Investing.com — Stocks in focus in premarket trade on Tuesday, June 8th. Please refresh for updates.
Securities and Exchange Commission Chairman Gary Gensler said Monday that his agency is focused on adopting new rules to guard against company executives using private information to opportunistically sell shares of companies they oversee, while acknowledging that the SEC must come up with new strategies to guard against market manipulation on social media.
Supporters of a new cryptocurrency named “StopElon” on Sunday protested outside Tesla Inc.’s (NASDAQ:TSLA) Fremont factory over CEO Elon Musk’s involvement in the cryptocurrency market, according to a report by NBC Bay Area News.
ew information is revealing that Elon Musk still has the Securities and Exchange Commission (SEC) on his behind acting like Twitter police over his tweets about Tesla.
About three months ago, the investing world was left reeling after retail investors proved they can beat Wall Street at its own game.
On his social media pages, billionaire Elon Musk has repeatedly endorsed cryptocurrencies. However, he seems divided regarding whether he is actually a supporter, especially after the recent market crash.
Today is the deadline for 13F filings and while we already know what most of the marquee hedge funds have done during the quarter thanks to previously leaked investor letters (with the notable exception of the Soros Family Office which we learned over the weekend bought some $375MM of the Archegos shares liquidated by its prime brokers in late March), one filing was of particular interest, that of Scion Asset Management’s Michael “Big Short” Burry. And boy were there surprises.
From Piggly Wiggly to GameStop, short squeezes have been causing drama on the stock markets for more than a century. Read on to learn about the biggest short squeezes in history and how to take part in the next one.