Reddit Rebels shut out, US growth slows
Friday 29th January 2021US equities have bounced back after a day influenced by speculative trading on retail platforms, like Robin Hood, with investors spurred on by chatter on Reddit. The app has stopped trading on eight of the stocks today, with prices readjusting themselves. Phil Dobie asks NAB’s David de Garis whether the new administration in the US could see this as an opportunity for more regulation of the finance sector. This Main Street versus Wall Street battle was certainly more entertaining than the Fed yesterday, with the press conference adding little to what was discussed on…
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