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.
Well that was not supposed to happen...
In a world of incredulity, to suggest one chart is the "craziest" may seem a little braggadocio but we suspect after reading below, you will agree...
"Hey, it's already Thursday."
Another day, another massive buying spree of deep-out-of-the-money-call "lottery tickets" in TSLA and another opening gap higher.
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.
-- "Vain Attempts" To Punish Beijing
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.
Offering an early glimpse of what the Q2 earnings season might be like, Walgreens Boots Alliance kicked things off ...
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.
It's pretty ironic that the SEC's punishment ended up indirectly generating over $50 million for Musk.
US Treasury yields are now lower on the month
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.
"If market conditions continue to improve, Fed purchases could slow further, potentially reaching very low levels or stopping entirely."
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...
Tesla is trading at a valuation of over $250 billion.
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-
The aristocrats in France reckoned the Bastille was eternal as well. It wasn't, and neither is the looting machine known as the stock market...
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.
Earlier this week, JPM's quant Nicholas Panigirtzoglou spotted an ominous signal for equities:
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
With stock-markets barely ruffled, few are thinking beyond the very short-term and they are mostly guessing anyway.
Other carmakers had second-quarter auto sales drop 24-49%. Tesla grew auto deliveries from first quarter to second quarter.
Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.'s surging share price.