Stocks sell-off intensified Monday, notching a four-day losing streak with the S&P 500 tumbling into bear market territory as soaring inflation slammed market sentiment over fears recession is looming ahead of this week’s Federal Reserve key FOMC meeting.
Former President Trump launched his harsh attack on cryptocurrency Monday, calling Bitcoin a “scam against the dollar” and urged U.S. regulators to take action to monitor the hype.
White House press secretary Jen Psaki dodged multiple reporters’ questions Thursday about the saga in the stock market involving amateur stock traders collectively taking on some of Wall Street’s most sophisticated hedge fund by fueling GameStop stock.
Robinhood Markets, the online trading platform that has lured millions of amateur retail traders inadvertently unleashed havoc in the stock market Thursday, when they abruptly changed sides by siding with the Wall Street elite over the stock frenzy with GameStop.
President Trump, joined by Vice President Mike Pence gave brief remarks in the White House briefing room Tuesday touting the Dow hitting 30,000, a milestone nearly 125 years in the making.
President Trump touted the “historic numbers” of June jobs report, saying the better-than-estimated numbers amid the coronavirus pandemic is evidence that “our economy is roaring back.”