Video-game, consumer electronics and gaming merchandise retailer GameStop, skyrocketed this week after a wave of retail traders motivated each other on social media platforms to pile into one of the most 'shorted' companies in America, creating a massive short squeeze.
Global markets took comfort in President Biden’s inauguration as U.S. President this week - and with it, a smooth transition of power coupled with stimulus prospects.
U.S. equities ended the second week of the year lower, as President Donald Trump was impeached by the House of Representatives on Wednesday, making him the first president in U.S. history to be impeached twice.
Global equity markets started the year off strongly, with major indexes hitting fresh record highs.
The global stock market rally extended to the first week of December.
The UK and EU will resume face-to-face trade talks over the weekend as negotiators race to reach a deal before the looming 31 December deadline.
Equity markets were subdued this week as positive incoming vaccine news was offset against ever-growing economic restrictions in the U.S. and Europe, aimed at curbing the recent spike in virus cases.
In perhaps the most encouraging news relating to COVID-19 since the pathogen’s outbreak this year, Pfizer in partnership with Germany’s BioNTech announced on Monday that their prospective coronavirus vaccine may protect most people from the virus.