If you habitually look for the top finance news stories each day, in order to make wise financial decisions and investment decisions, simply continue reading in order to learn about a few breaking finance focused news stories. Particularly if you’re interested in coronavirus related finance news as well as the GameStop, Reddit and Robin Hood saga.
Breaking Finance News 2021:
Experts warn that Bitcoin investors may end up losing everything:
While Bitcoin prices have soared in the last few years, a central banker has warned Bitcoin investors that they should be prepared to lose the money which they’ve stockpiled in Bitcoin. Gabriel Makhlouf who is a governing council member of the European Central Bank and is the governor of Ireland’s central bank, justified his warning by claiming that all cryptocurrencies are highly speculative and volatile assets. Makhlouf also revealed that he thinks that Bitcoin in particular is overinflated and could plummet in price over night. Making it a high risk investment option.
Latin America’s richest man is released from hospital after testing positive for Covid19:
Mexican billionaire and telecommunications magnate Carlos Slim was just released from hospital after suffering a harrowing case of Covid19. Currently Slim is the 25th richest individual in the world and is the richest individual in Latin America.
Trump owned businesses post lower sales after Trump is replaced by President Biden:
Shortly after Trump was replaced as president by Joe Biden, sales figures dropped at Trump businesses such as the Trump brand of resorts, hotels and golf courses. As well as suffering from Trump’s election loss, Trump’s businesses posted less than impressive sales figures in part due to the Covid19 pandemic.
Billionaire Steve Cohen quits Twitter due to backlash from small investors:
As a result of the growing sentiment held by small time investors that larger investors and managed funds have too much control over the stock market and the GameStop fiasco, billionaire Steve Cohen has quit Twitter. As Cohen claims that he was being cyber harassed by groups of small time investors, many of whom were involved with trying to manipulate the value of GameStop shares as a show of power.
IG group chooses to prevent new investors from investing in GameStop:
The IG group has made the knee jerk reaction to prevent all new investors from purchasing in GameStop shares. Due to the volatility that the recent GameStop fiasco has had on the stock market. The IG group claimed that by stopping new investors from investing in GameStop that they could prevent the GameStop share price from crashing and effecting the stock market as a whole.
Many small time investors who use digital trading platforms such as Robin Hood in order to buy and sell shares, sought legal action against their platforms for barring them from making legal purchases and sales on 9 different stocks. One of which was GameStop shares.
So if you want to stay up to date with breaking financial news in the United States and the world, hopefully you’re now up to date with the most important financial news stories which have made headlines today.