Straits Times Index
3,301.85 -3.14 (-0.10%) Nikkei
38,787.38 -132.88 (-0.34%) Hang Seng
19,551.62 +175.09 (+0.90%) FTSE 100
8,433.43 -5.22 (-0.06%) Bitcoin USD
66,314.02 +241.24 (+0.37%) CMC Crypto 200
1,389.87 +16.03 (+1.17%)
CBOE Interest Rate 10 Year T No (^TNX)
- Barrons.com
GameStop, DJT, Bitcoin Show What the Meme Rally Is Really About, and 5 Other Things to Know Today
Stocks such as AMC and GameStop are skyrocketing, completely divorced from news about the companies. Funds such as Citron Research and Melvin Capital lost billions in the last meme-stock frenzy. One of the reasons GameStop and AMC, along with the now-defunct Bed Bath & Beyond, became meme stocks in 2021 was out of nostalgia for their old-fashioned bricks-and-mortar existence in the face of Covid-19 pandemic restrictions.
- Reuters
TREASURIES-U.S. 10-year Treasury yield drops to one-month low ahead of CPI data
The benchmark 10-year U.S. Treasury yield dropped to its lowest in a month on Wednesday ahead of the release of closely watched U.S. inflation data. The 10-year Treasury yield dropped to as low as 4.418%, its lowest since April 10, and was last down 2 basis points at 4.424%. U.S. consumer price data is due at 1230 GMT and will drive near-term Federal Reserve policy, and hence Treasuries.
- Barrons.com
A Struggling Pfizer Looks for Help From a Wall Streeter
As the big drugmaker tries to turn its fortunes around by focusing on oncology, it has turned to a Citi analyst who hasn’t recommended the stock in over a decade. But Andrew Baum has something Pfizer needs: oncology expertise.
