The man who trades freedom for security does not deserve nor will he ever receive either. – Benjamin Franklin
Crackdown Begins: Discord Bans r/WallStreetBets From Its Platform – Florida Man Arrested Over 2016 Election Memes Designed To “Trick” Hillary Voters (Satire is no joke) – Ron Paul: When Fascism Comes, It Will Be Wearing A Mask – Senior govt minister blasts Tory MP who urged anti-vaxxers to ‘persist,’ demands immediate apology – COVID: Vaccinated people may spread virus, says Van-Tam – Biden Appoints “Transgender” To Be HHS No. 2. And No Mean Jokes! (She’s Our Guy!) – If “Facebook Is Private”, Why Are They Feeding Users’ Private Messages Directly To The FBI? – The UK national debt grows at a rate of £5,170 per second! – Facebook Shares Slump After US Users Fall For 2nd Straight Quarter, Warns Of “Significant Uncertainty” Ahead – Tesla Plunges After Rare Earnings Miss, Lack Of Guidance – Stunning Short-Squeeze Sparks Hedge F
Gamestop: Failing firm soars in value as amateurs buy stock (SPY -2.4%). AMC stocks soar on another day of wild trading in heavily shorted companies.
The Market in Perspective
Here are the headlines moving the markets.
The Worlds Biggest Oil Firms Face Rating Downgrades S&P Global Ratings warned this week it could very soon downgrade the ratings on some of the worlds biggest oil firms, citing increased risks coming from the energy transition, price volatility, and weaker profitability. S&P Global Ratings placed the ratings on nine oil and gas majors and their subsidiaries on CreditWatch with negative implications, expecting to resolve the CreditWatch placements within a few weeks. The companies under CreditWatch negative include Exxon, Chevron, ConocoPhillips, Shell, Total, Canadian Natural