NEW YORK: Shares of US videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility. Options activity also surged in the stock, which had gained 245% so far this year as of Friday's close. It closed Monday's session up 18% with $16.7 billion worth of GameStop shares traded -- more than triple the company's actual stock market value. Short sellers had bet against the stock because they viewed GameStop's retail business model as outdated. But GameStop shares began to rise after the video game retailer's announcement on Jan. 11 about appointments to its board to double down on digital sales. The buying frenzy as short sellers rushed to cover positions enticed retail investors to pile on in hopes of riding the stock's momentum higher. "Many traders leveraged positions betting the stock would go down and as it became a hot … [Read more...] about GameStop shares soar on short squeeze, then ease in wild trade session
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VN-Index plummets back to January nadir
Other major losers included TCH of real estate developer Hoang Huy Group, down 6.4 percent, SBT of agricultural exporter TTC-Sugar, down 5.4 percent, SSI of top brokerage SSI Securities, down 5 percent, and HPG of steelmaker Hoa Phat Group, with 3.2 percent. … [Read more...] about VN-Index plummets back to January nadir
Novichok Creator Reveals New Medicine to Effectively Tackle COVID-19
"Immofon" contains a portion of the powerful antiviral agent "Dapsone" and two methyluracil molecules, designed to activate metabolism in tissues and stimulate the regeneration process, Link said, adding that aside from COVID-19, the new drug is effective against lupus erythematosus, scleroderma, rheumatoid arthritis, psoriasis, allergies, leukaemia, and lung diseases. … [Read more...] about Novichok Creator Reveals New Medicine to Effectively Tackle COVID-19
We’re tired of unprovoked killings, attacks — Plateau community
“We are tired of enduring these unprovoked attacks, we live in fear each day because we do not know who is next or what next would happen. We are appealing to all people of conscience to come to our aid, we have not wronged anyone but each time we are made to suffer for what we do not know. We really need help.” … [Read more...] about We’re tired of unprovoked killings, attacks — Plateau community
Metal-absorbing plants powering eco-friendly mining industry
The yield from agromining is significant. Phyllanthus balgooyi has been found to contain 25 percent nickel by weight and the first experimental farms in Borneo have reported a harvest of 250 kilograms a year per hectare of land, worth $4,000. Ye-Tao Tang, a professor at the Sun Yat-sen University in Guangzhou, has suggested that using a species of fern known as Dicranopteris dicthotoma could be used to mine resources in southern China to prevent ecological degradation in the area and to improve sustainability. … [Read more...] about Metal-absorbing plants powering eco-friendly mining industry