August 6 (Bloomberg) -- Bloomberg Businessweek corners legendary actor, comedian and entrepreneur Dan Aykroyd to find out why "Trading Places" is the greatest business movie of all time.
With the markets breaking out to new highs and entirely decoupling from economic and medical realities, it is not surprising to see a continued stream of analysis grappling for bits of data to support the bullish momentum.
Hot on the heels of his CNBC interview in which he praised both bitcoin and gold, predicting that in a world where central banks are doing nothing but printing money "gold is going to take old highs and keep going", billionaire investor Mike Novograt
Update (0935ET): An hour has passed since the original headline hit at 0831ET, and lo and behold: the entire remdesivir-headline-induced rally has been erased.
Subterranean Joe, Sick, Blues
"There's no way I can lose." That is the title of a Bloomberg article today looking "Inside China's Stock-Market Frenzy".
Bitcoin, Gold and Stock Markets Rally while Dollar is losing heavily, a new report shows the staggering deficit growth. We also discuss altcoins and other crypto news.
Can TSLA justify the combined market cap of GM, Fiat/Chrysler, Honda, BMW, Nissan, Hyundai, Mercedes, and Ford? Before you answer, understand they currently make only about 2% of the cars as those other manufacturers.
It is increasingly possible the gold contract is evolving into deep crisis, and that force majeure might have to be declared if, as seems increasingly inevitable, a wider banking crisis ensues...
After two consecutive weeks of cautious Sunday sessions entering the new week, overnight futures blasted out from the gate, surging more than 1%, sparked by fresh animal spirits out of China, after the country's state media stoked bullish enthusiasm.
In what is becoming the ultimate display of hubris - or perhaps a purposeful distraction from the Ghislaine Maxwell photograph that is making its way around the internet faster than coronavirus is spreading across the world-
Five years after Beijing openly urged its population to buy stocks, creating a massive stock bubble which then promptly burst, resulting in massive losses for all those who bought at or near the top, Beijing is at it again, and after a week of stagge
The unemployment level is still at Great Depression levels. Labor market deterioration through summer could ignite new concerns of permanent job loss and deep economic scarring from the virus-induced recession.
Remember last earnings season? When companies were reporting their worst quarter since the financial crisis. And nobody dared guess what the future held. Bankruptcy risk was everywhere. Oh, and stocks rallied so hard that $5 trillion got added to sha