Retail investors are non-professional investors who, instead of keeping their money in the bank or investing it in mutual funds, invest directly in the stock market for higher returns. Often, retail investors don't have in-depth or professional knowledge of the stock market. Can an...
It’s been a turbulent year for the fintech industry. The pandemic had its effect on the sector, just as it did on many others, in strange and contradictory ways. Experts are predicting that COVID-19 will drive more people into the fintech market while simultaneously slowing down the...
Since the United Nations Convention Against Corruption was adopted in October 2003, International Anti-Corruption Day is observed annually on December 9. In the context of the ongoing pandemic, António Guterres, the UN secretary general, had a clear message: “Corruption is...
In February, Tesla announced it had purchased $1.5 billion in Bitcoin and would soon accept the cryptocurrency for car purchases. While bolstering Elon Musk’s crypto cred on Twitter, the move has a serious climate impact. Tesla prides itself on being the green car company,...
Silicon Valley billionaire Peter Thiel finds himself in a confusing moral quandary as he struggles to weigh the merits of his nerdish belief in cryptocurrency against his patriotic paranoia focused on China’s economic rivalry with the United States. Participating in “a virtual event held for...
The United Kingdom’s exit from the European single market on January 1 has sent trade in goods plummeting amid much confusion. By contrast, Brexit was carried out in an orderly manner in the financial sector, despite significant movement of trading...
On March 2, the Lebanese lira (or pound) eroded even further into becoming a failed currency, if there is such a thing. From an official exchange rate of 3,900 pounds per US dollar for importers and manufacturers of essential food items, the “cost of scarce dollars hit 10,000 Lebanese pounds on...
Slate’s Aaron Mak took the trouble to interview a group of people otherwise neglected by the media who happen to be the most directly concerned by the future of GameStop. As the pundits across the media landscape focused on the raging battle between a horde of Redditors and Melvin Capital,...
Unless you live completely off the grid, you have most likely heard something about the GameStop boom last week. For those unaware, a hedge fund, Melvin Capital, held very large short positions against GameStop, a brick-and-mortar gaming store whose stock has been falling steadily over the...
There have been enough commentaries in the past week on the great GameStop affair to fill several editions of Encylopaedia Britannica and possibly Wikipedia as well. The Daily Devil’s Dictionary particularly appreciates an article penned by Alex Hern, the UK technology editor for The Guardian,...
A recent The Economist cover pictured the 46th US President Joe Biden in front of the White House with a cleaning mop. The lead, “Morning after in America,” projects that “The outlook for America looks grim, but that could quickly change.” The venerable publication proclaimed from its...
