We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
Pippa crerar and daily mail columnist sarah vine. Hello and welcome. At the 2019 election, borisjohnson captured a slew of northern constituencies in england with the promise to level up the country. The government said it would rebalance the economy, share the prosperity of london, to address long Standing Underinvestment in the regions. And now we have the policy, a Bill Published Today by the Levelling Up Secretary michael gove which, finally, spells out how they aim to achieve it. This white paper lays out a long Term Economic and plan to make opportunity more equal. It shifts power and opportunity towards the north end midlands, scotland, wales and Northern Ireland. It guarantees increase investment in overlooked and undervalued communities. In research and development, in education and skills, and transport and broadband, in urban parks and decent homes, and grassroots ports and local culture and in fighting crime and tackling anti social behavior. It gives local communities the
Pippa crerar and daily mail columnist sarah vine. Hello and welcome. At the 2019 election, borisjohnson captured a slew of northern constituencies in england with the promise to level up the country. The government said it would rebalance the economy, share the prosperity of london, to address long Standing Underinvestment in the regions. And now we have the policy, a Bill Published Today by the Levelling Up Secretary michael gove which, finally, spells out how they aim to achieve it. This white paper lays out a long Term Economic and plan to make opportunity more equal. It shifts power and opportunity towards the north end midlands, scotland, wales and Northern Ireland. It guarantees increase investment in overlooked and undervalued communities. In research and development, in education and skills, and transport and broadband, in urban parks and decent homes, and grassroots ports and local culture and in fighting crime and tackling anti social behavior. It gives local communities the
Heres our royal correspondent daniela relph. Calming the noise of social media conspiracies, orjust fuelling them conspiracies, or just fuelling them under the conspiracies, orjust fuelling them under the first pictures of the princess of wales since her surgery, shopping at the weekend with her husband at windsor farm shop. It seems her recovery is going well still the rumours persist. Spin around that one. Still the rumours persist. Spin around that one. The still the rumours persist. Spin around that one. The safety. Still the rumours persist. Spin| around that one. The safety of still the rumours persist. Spin l around that one. The safety of a selfie, real around that one. The safety of a selfie, real photos around that one. The safety of a selfie, Real Photos Have Around that one. The safety of a selfie, real photos have been i selfie, real photos have been a tricky issue recently. Today Prince William was in sheffield, trying to shift the focus onto the more serious side of publ