Avis Budget shares surged to a record high, fueled by a significant short squeeze. High short interest, exacerbated by major holders like SRS Investment Management and Pentwater Capital Management, forced short sellers to cover their positions. This rally has resulted in substantial losses for those betting against the car-rental company.Read More
Kevin Warsh, Donald Trump’s choice to lead the US Federal Reserve, vowed Tuesday to protect central bank independence at his confirmation hearing, despite intense pressure from the president..Read More
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate earnings and strong retail sales figures. Investors are closely watching developments in Iran. The market sentiment remains cautious amid geopolitical uncertainties.Read More
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