Slim
Superstar
Damn, that AM rally slowly fading the last couple hrs.
Boiler Room: The Official Stock Market Discussion
BlaxOps
Pro
That was crazy. Once the covers were done, it went right back down. Complete gap fill on SPY.
Goddamnit Cathie
a compilation video! kick em while they're down.
BlaxOps
Pro
Block's Response to Inaccurate Short Seller Report
DISTRIBUTED-WORK-MODEL/SAN FRANCISCO, March 23, 2023--(BUSINESS WIRE)--We intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.
Hindenburg is known for these types of attacks, which are designed solely to allow short sellers to profit from a declined stock price. We have reviewed the full report in the context of our own data and believe it’s designed to deceive and confuse investors.
We are a highly regulated public company with regular disclosures, and are confident in our products, reporting, compliance programs, and controls. We will not be distracted by typical short seller tactics.
DISTRIBUTED-WORK-MODEL/SAN FRANCISCO, March 23, 2023--(BUSINESS WIRE)--We intend to work with the SEC and explore legal action against Hindenburg Research for the factually inaccurate and misleading report they shared about our Cash App business today.
Hindenburg is known for these types of attacks, which are designed solely to allow short sellers to profit from a declined stock price. We have reviewed the full report in the context of our own data and believe it’s designed to deceive and confuse investors.
We are a highly regulated public company with regular disclosures, and are confident in our products, reporting, compliance programs, and controls. We will not be distracted by typical short seller tactics.
BlaxOps
Pro
Just as sanity was returning in the banking space amid governments’ handholding, the turmoil in the credit default swaps of German banking giant Deutsche Bank AG (NYSE: DB) has reignited contagion risk.
The German bank’s credit default swaps, which represent insurance protection for its bondholders against a potential default, spiked 200 basis points, the highest since early 2019, Reuters said, citing data from S&P Market Intelligence.
The prospect of another banking collapse could spell disaster following three banks going under in the U.S., a big bank being bailed out in Europe and more regional U.S. banks potentially facing issues.
All U.S. big banking stocks and regional banks showed knee-jerk reactions to the predicament facing Deutsche Bank.
The German bank’s credit default swaps, which represent insurance protection for its bondholders against a potential default, spiked 200 basis points, the highest since early 2019, Reuters said, citing data from S&P Market Intelligence.
The prospect of another banking collapse could spell disaster following three banks going under in the U.S., a big bank being bailed out in Europe and more regional U.S. banks potentially facing issues.
All U.S. big banking stocks and regional banks showed knee-jerk reactions to the predicament facing Deutsche Bank.
Jean toomer
Superstar
I’m surprised credit Suisse went down first Deutschland bank has been the dirtiest bank in the European streets for years.
Rickdogg44
RIP Charmander RIP Kobe
I'm surprised the house of cards hasn't come down yet. Sounds like 2008 all over. With one bad new about a bank after another
88m3
Fast Money & Foreign Objects
Carvana customer says he bought his wife a luxury car for $68K — but it turned out to be stolen
An Army vet had to prove he had not stolen the car when police responded to the call from a luxury car dealership saying his used Maserati was actually stolen.
www.businessinsider.com