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Short-squeeze mania is spreading, boosting heavily shorted European stocks on Wednesday. The immediate victims are bearish hedge funds who didn’t see it coming. But the squeezers also risk overreaching, writes @LiamWardProud :
Short squeezers could end up strangling themselves @LiamWardProud
JPMorgan’s UK push will be trickier than Goldman’s @LiamWardProud
Boeing had a record loss in 2020 and took a $6.5 billion write-down on a new jet program. Problems with its MAX model are giving way to Covid-19. Given uncertainty on how these issues will resolve, the company’s valuation looks high, says @TheRealLSL .
JPMorgan, like Goldman before it, is launching an assault on UK retail banking. Yet boss Jamie Dimon’s plans seem more ambitious. In a saturated market, the $400 billion group’s edge may be its capacity to endure pain, writes @LiamWardProud :
AT&T took a $16 billion write-down on DirecTV which it bought for $67 billion in 2015. It’s not the only company segment struggling. Time Warner, which cost $109 billion, faces theater closures -- a trend that may not reverse, says @jennifersaba .
China is ramming through laws to suppress sedition and foreign meddling. Sloppy U.S. retaliation against trade and investment flowing through Hong Kong would hurt. The city is in danger of getting crushed between two battling giants, says @petesweeneypro : .
Joshua Wong was imprisoned last year for organising protests in 2014. In his new book "Unfree Speech", he makes a convincing case that China's tightening grip on the financial hub is part of a broader threat to global democracy. @_sharonlam
Zambia held a national day of prayer for its currency. It hasn't worked: @rob1cox
The Saudi-Russia oil deal is full of holes: @KevinAllison