US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant."I expected it," Biden told reporters when asked if he is worried about the stock market plunge.
The Dow Jones fell over 900 points just after opening bell on Nov. 26, with other major Wall Street stock indexes—and risk assets more generally—also seeing sell-offs as news of a new COVID-19 variant spreading in South Africa seems to have sparked a broader risk-off sentiment among investors.
Two SPACs run by the same CEO in charge of the company that’s bringing former President Donald Trump’s media company public are seeing their warrants soar 100%+ in early trading Monday, rising sharply for a second straight session.
Traders temporarily paused trading in the stock of SPAC business Digital World Acquisition Corp. on Thursday after its price surged on abnormally large trading volume following reports of a merger that would establish former President Donald Trump’s proposed social media platform.
Fortune 500 corporate boardrooms increasingly have embraced a “woke” agenda — such as Gillette lecturing its shavers about toxic masculinity and Bank of America having guest speakers declare capitalism evil.