Day traders wreak havoc on hedge fund bets, Wall Street dips, BlackRock’s progress on sustainability
FT News Briefing
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Intro
This chapter explores the surge of amateur stock traders from platforms like Reddit, who dramatically impact stock prices of companies such as GameStop and AMC, leading to notable hedge fund losses. It also examines the broader market's response amid concerns about COVID-19 vaccines and mixed earnings from major corporations like Apple and Tesla.
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Transcript
