The Case For The Financial Transaction Tax

By Lenore Palladino, The Appeal. -

For most Americans, what threatens health also threatens wealth. The COVID-19 pandemic triggered the worst economic crisis in nearly a century, with millions suddenly facing hunger, unemployment, [...]

Vulture Funds To Use Pandemic To Pillage The Global Economy

By Matthew Ponsford and Ruairi Casey, Tribune Magazine. -

There’s a new app with a tagline that promises that you, too, can ‘profit like a landlord from just £1 with no effort’. Proptee, set to launch this year (subject to approval from the UK’s [...]

Gamestop—And the Game That Never Stops!

By Jack Rasmus, ZNet. -

This past week a video game company in trouble, Gamestop, became the center of media attention.  Day traders had driven up the company’s stock price by thousands of percent in just one day. The [...]

‘French Revolution In Finance’

By Morgan Artyukhina, Sputnik News. -

The New York Stock Exchange suffered a poor day on Wednesday, with the Dow Jones Industrial Average sinking by more than 600 points. However, for a select few companies, stock values have gone [...]

The Reddit Revolution, GameStop And Melvin Capital

By Glenn Greenwald, Substack. -

A remarkable series of events culminated in at least one major Wall Street hedge fund on the verge of insolvency and widespread anxiety and even panic from the titans of the financial system. It [...]

Government Spends Equivalent Of Entire US Student Debt To Rally Stock Market For 15 Minutes

By Alan Macleod, Mintpressnews.com -

The money spent was equal to the total amount of US student debt, more than twice as much as the Wall Street bailout of 2008 and nearly 30 times the net worth of former New York mayor Michael [...]

U.S. Stocks Have Fallen For 5 Weeks In A Row – That Is The Worst Stock Market Streak In Almost 8 Years

By Michael Snyder, Activistpost.com -

We haven’t seen stock prices slide like this in a long time, and if this keeps up we could soon be looking at an avalanche.  Our rapidly escalating trade war with China and more bad U.S. economic [...]

Stock Buybacks Will Hit $1 Trillion In 2018

By Barry Grey, Wsws.org -

US corporations will buy back their own stock at a record clip of $1 trillion this year, according to an analysis issued by Goldman Sachs on Monday. The Wall Street giant attributed the surge in [...]

Not A Matter Of If, But When

By Shawn Hattingh, MR Online. -

In early January 2018, capitalists across the globe were celebrating the fact that the Dow Jones had rallied by 45% since the election of Donald Trump. Likewise, brokers were beaming in Sandton [...]

Rumors Grow That U.S. Fed Is Propping Up Stock Market

By Pam Martens and Russ Martens, Wallstreetonparade.com -

It’s not every day that three well-credentialed men are willing to put their names and reputations behind the allegation that the U.S. Federal Reserve is rigging the stock market. But that’s [...]