Band of Traders - Together We Trade 08-19-2023: Ford Preps for Strikes, Evergrande Files for Bankruptcy
This week in the China Shop, Evergrande is back in the news after filing for Bankruptcy, while another Chinese developer looks to be in financial trouble. In Stock News, INTC gets a boost after scrapping a deal, Outback gets an activist attention and upcoming UAW negotiations has Ford prepping for a strike. Over in the Crypto Corner, BTC drops after SpaceX dumps its holdings and new ETH ETFs could arrive in October. Coming into the home stretch of The Bet, the Bulls look to make an earnings play of their own to retake the lead!
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Links:
Evergrande Files for Chapter 15 Bankruptcy Protection
Markets Face Perfect Storm of High Rates and China Fears
Burry Bets on Big Short... Again
BofA Issues Warning as Yields Rise
Room Temp Semis Paper Confirmed as Hoax
INTC Rises after Scrapping $5.4B Deal
UAW Negotiations Expected to be Contentious
Ford Secretly Prepping for Labor Disruptions
Outback Steakhouse Owners Stock Rises on Activist Interest
Self-Driving Car in San Fran Hit by Firetruck
BTC Plunges as SpaceX Dumps Holdings
SEC Expected to Approve ETH Futures ETFs by October
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