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Market News

Location American Market News for 7 February 2021

Silver Billionaire Thomas Kaplan Welcomes Trading Frenzy

Wall Street Journal - 7 Feb 2021 16:00
His investment company, Electrum Group, quietly built up a silver mining empire over a decade, waiting for long-stagnant prices to rebound. He just didn't expect it to happen all in one day.
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China Turns Semiconductors Into The 'New Oil' While GM Runs Out Of Chips Taiwan and South Korea are the "new OPEC", with China building and being the demand driver.
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Tightening Oil Supplies Inject New Momentum Into Price Rally

Wall Street Journal - 7 Feb 2021 12:30
A booming rally in oil markets has pushed crude prices to their highest levels since near the start of the coronavirus pandemic, powered by production curbs and recovering demand.
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Investors Hit Reset in a Bizarre Market

Wall Street Journal - 7 Feb 2021 16:00
Monthly Monitor: The average U.S.-stock fund for January was up a minuscule 0.3% after all the dust settled.
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Datto's Betting On $150B Small Biz Tech Spend Datto's expecting 12% top line growth, yet its stock has lost about 2% of its value since going public in October. Can it grow faster than 20%?
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Student Loan Cancellation--5 Facts

Forbes - 7 Feb 2021 18:52
Student Loan Cancellation--5 Facts The truth about student loan cancellation.
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Beyond Doge Coin: What Crypto's Are Worth Buying, Besides Bitcoin? Here are five new coins you probably never heard of.. And remember, ever Doge has its day...
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GameStop Frenzy Is Tough Call for Regulators

Wall Street Journal - 7 Feb 2021 12:30
A core principle of market regulation is transparency--give investors information and let them decide. The GameStop drama was nothing if not transparent.
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