Wall Street is locked in a battle of will between professional investors who live in Greenwich and amateur investors who congregate on Reddit. So far, the amateurs are winning, judging by increases in their chosen stocks, like GameStop and Bed, Bath & Beyond.
Axios Re:Cap goes deeper into what's really happening, the mechanics of stock "shorting" and what it means for the markets' future, with Axios chief financial correspondent Felix Salmon.
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The Centers for Disease and Control Prevention (CDC) will "probably" urge everyone under age 12 to wear masks in school, President Biden said in a CNN town hall on Wednesday.
Why it matters: A new surge in COVID cases fueled by the Delta variant has again raised concern about the spread of the virus as schools reopen for the fall.
Wall Street's top regulator says a report examining meme stock mania will be coming "sometime this summer."
The big picture: It will "detail the range of activities" that came out of the January events," SEC chair Gary Gensler said Thursday at a third congressional hearing held to dissect the GameStop trading phenomenon.
Rep. Stephen Lynch (D-Mass.) tested positive for the COVID-19, but remains asymptomatic, after receiving the second dose of the coronavirus vaccine, his office said Friday.
Why it matters: Lynch's case stresses the importance of continuing to social distance and wear a face mask even after getting vaccinated.
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