Five in Ten 1/28/21: Wall Street vs. WallStreetBets

Date: 2021-01-28 19:01:38

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Hedge funds have lost billions of dollars to day traders loosely gathered around the subreddit group WallStreetBets, as retail buyers have driven up share prices of stocks that hedge managers were betting on losing value.

5) Wall Street in turmoil over hedge funds caught in short squeezes; 4) Biden sends B-52 to Persian Gulf in warning to Iran; 3) US economy contracts in 2020, worst since WWII; 2) John Kerry promises World Economic Forum that Biden administration is behind Great Reset; 1) North Carolina DJ live-streaming beats from home attracts curious bear.