Business
GameStop rally shows main street can disrupt Wall St – Sydney Morning Herald
Silenced and crunched during the global financial crisis in 2008, outsiders have finally had a direct say in Wall Street matters.
The moment was a bit like the combination of two stable compounds which become volatile upon contact with each other: the reaction was explosive. It drove the stock from around $US17 a share at the beginning of January to as high as $US483 at the end of the month. In the process, it spun off dozens of stories of small-time investors cashing in, before the stock fell back heavily.
American households have weathered a lot coming from corporate America including the 2008 global financial crisis.Credit:Bloomberg
…
-
Noosa News24 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
General16 hours agoMan refused bail charged with depicting Adolf Hitler and Nazi symbols on boat
-
Noosa News13 hours agoAlternative pathways to university explained
-
Noosa News19 hours agoTributes for woman allegedly mowed down on footpath in Maroochydore; Guilherme Dal Bo charged