Tag: Squeeze

China to Step Up Detentions to Squeeze Lai, Taiwan Officials Say

(Bloomberg) — China is likely to detain more Taiwanese people under a law that targets supporters of independence in a bid to pile pressure on the new president, senior security officials from the island said. Most Read from Bloomberg A recent move by Beijing to flesh out the law amounted to weaponizing domestic legislation against […]

No short squeeze is coming

If you’re in the business of building wealth slowly but surely and as safely as possible, you probably want to avoid GameStop stock. – AFP/Getty Images The suspension of disbelief that watching a movie requires reminds me of people who are buying meme stocks now. Suspension of disbelief means ignoring reality and logic. When you […]

China Defies Global Copper Squeeze With Near-Record Production

(Bloomberg) — The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49 billion takeover battle. But in China, the world’s biggest producer and consumer of the refined metal, there’s more than enough to go around. Most Read from Bloomberg At the center of […]

Copper prices rise amid supply squeeze

Copper (HG=F) prices have risen this year amid a supply squeeze. Wells Fargo Head of Real Asset Strategy John LaForge joins The Morning Brief to discuss what is driving copper prices higher and the commodity’s outlook. “We, frankly, are not producing enough copper, and yet, there are buyers everywhere right now for copper,” LaForge says. […]

Donald Trump’s Truth Social Shows 55% Increase In Site Traffic Since IPO As Stock Rockets 123% From Lows Amid Short Squeeze Speculation

Donald Trump’s Truth Social Shows 55% Increase In Site Traffic Since IPO As Stock Rockets 123% From Lows Amid Short Squeeze Speculation Truth Social, through its public entity Trump Media & Technology Group Corp (NASDAQ:DJT), has been on an incredibly volatile run since officially going public in March. Following its IPO, the company reached highs […]

Novavax’s 99% Surge Gives ‘Rib-Crunching’ Squeeze to Shorts

(Bloomberg) — Novavax Inc.’s record one-day gain is forcing some short sellers betting against the stock to exit their positions at a loss. Most Read from Bloomberg Shares of the vaccine maker soared 99% Friday, after the company signed a $1.2 billion licensing agreement with Sanofi that includes commercializing a combined Covid-19 and flu shot. […]

Florida’s citrus growers feeling the squeeze after latest forecast

Bruises continue to be inflicted on Florida’s citrus industry, as the forecast for the nearly concluded growing season dropped further Friday. The U.S. Department of Agriculture issued an updated production forecast that was 5.6 percent below projections released in April. Meanwhile, a decades-old citrus association shut its doors this week, and a major grower told […]