It seems meme stocks have chosen they need to be back at the center of attention today. In an apparently newsless evening for the semi resource class, meme stock goliaths GameStop (NYSE: GME stock) and AMC (NYSE: AMC) both popped vertically for a portion of their greatest evening gains in weeks. All in all, what’s behind this meme stocks madness and its enormous value energy? The short answer: nothing, truly. No bullish profit, no acquisitions, or large declarations from these brands are catalyzing gains. Maybe, it appears to be that meme stock devotees and short-crush financial backers are behind the development. Exchanging volume across the meme stock market is a long way past everyday midpoints. GME stock saw more than 14 million offers trade hands against an everyday normal of 5.3 million; in the interim, AMC saw 221 million offers exchange against a normal of 169 million. Meme Stocks Mania Takes Off Again With GME Stock, AMC Bull Runs The exchanging volume is setting off ... » Learn More about Meme Stocks Mania: What Happened With GME Stock and AMC Stock Today?
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TOKYO - Japan's widening wealth gap has emerged as a key issue in a ruling party leadership contest that will decide who becomes the next prime minister, with candidates forced to reassess the legacy of former premier Shinzo Abe's "Abenomics" policies. Under Abenomics, a mix of expansionary fiscal and monetary policies and a growth strategy deployed by Mr Abe in 2013, share prices and corporate profits boomed, but a government survey published earlier this year showed that households hardly benefited. Mindful of the flaws of Abenomics, front runners in the Liberal Democratic Party's (LDP) leadership race - vaccination minister Taro Kono and former foreign minister Fumio Kishida - have pledged to focus more on boosting household wealth. "What's important is to deliver the benefits of economic growth to a wider population," Mr Kishida said on Thursday (Sept 23). "We must create a virtual cycle of growth and distribution." But the candidates are thin on details over how to do this ... » Learn More about Japan’s ruling party race puts legacy of Abenomics in focus
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Recently, several amendments were made to the Copyright Act in Singapore. One change in particular stood out to the public: Soon, creators of works like photographs, portraits, engravings, sound recordings and films will receive the copyright to their work by default , even if they were commissioned to do the work. With the new rules expected to kick in around November 2021, panic soon ensued within the online space, as many Singaporeans began fearing what the new changes meant, especially with regard to wedding photography. Will photographers be given the right to do whatever they want with photos they take on the job? Will the price of photography packages increase, due to the need to negotiate for the rights with the photographer? Why were these changes even necessary? Mothership spoke to the Intellectual Property Office of Singapore (IPOS), to find out more about the upcoming changes. ... » Learn More about MS Explains: Changes to Copyright Act don’t mean you lose all rights to your wedding photos
Follow us on Telegram for the latest updates: https://t.me/mothershipsg Once dubbed the Starbucks of China, Luckin Coffee has admitted to fabricating US$310 million in sales, and will be paying a settlement of up to US$187.5 million (S$253 million) in a class action lawsuit filed in the U.S., China-based media TechNode reported. The co-founder and former CEO of Luckin Coffee, Jenny Qian once said the company's goal was to "defeat Starbucks" in China, according to Bloomberg . Before news of its fraudulent practices broke, the coffee chain company reportedly opened 5,000 stores throughout China, and announced its quarterly sales volume at up to US$200 million (S$270 million) in 2019. The company reportedly tried to challenge Starbucks by offering coffee at a lower price, targeting sales in the form of delivery and takeaways. Backed by BlackRock and GIC Luckin Coffee marketed itself as a tech company and a potential disruptor of China's coffee business, ... » Learn More about ‘Chinese Starbucks’ once backed by GIC to pay S$253 million after fabricating millions in sales