Suez Canal Blockade Halts Global Trade

On March 23, 2021, a vessel owned by Evergreen Marine Corporation got stuck in the middle of Suez Canal, halting ships from being able to pass through the canal. The vessel named “Ever Given” is a 220,000-ton, 400-metre-long ultra-large container ship (ULCS) operated by Taiwan based container transportation and shipping company Evergreen Marine Corporation. AccordingContinue reading “Suez Canal Blockade Halts Global Trade”

Retail Investors Crush Hedge Funds

With a reported 1,700% increase in the GameStop stock(GME) since the start of the year as a result of the Reddit community r/wallstreetbets’s GameStop rally, hedge funds who have been shorting the stock have lost approximately $19 billion according to financial data service Ortex. GameStop is an American video game retailer founded in 1984 whichContinue reading “Retail Investors Crush Hedge Funds”

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