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
…
-
Business24 hours agoThese 2 ASX 200 blue-chip stocks just hit new record highs
-
Noosa News24 hours agoBus driver attacker avoids time behind bars but major twist emerges
-
Noosa News22 hours agoMan avoids jail for assaulting Brisbane bus driver, appears from custody on unrelated charges
-
Noosa News23 hours agoUpdate 1: Suspicious disappearance investigation, Kelvin Grove