Friday's News Links

[Yahoo/Bloomberg] Stocks Drop; Treasury Yields Rise: Markets Wrap

[Yahoo/Bloomberg] GameStop Surges in Premarket as Some Trading Restrictions Lifted

[CNBC] Bitcoin spikes 20% after Elon Musk adds #bitcoin to his Twitter bio

[Yahoo/Bloomberg] Oil Holds Steady Amid Economic Data Boost, Fears Over Demand

[Reuters] U.S. consumer spending falls for second straight month in December

[Reuters] U.S. labor costs rise solidly in the fourth quarter

[AP] Democrats to ‘act big’ on $1.9T aid; GOP wants plan split

[CNBC] Robinhood raises $1 billion and taps credit lines to make trading of GameStop available to customers

[CNBC] Covid live updates: WHO starts investigation into Covid’s Wuhan origin

[CNBC] New Covid variants are going to ‘hit us pretty hard,’ says Dr. Peter Hotez

[CNBC] J&J says its Covid vaccine is 66% effective, but the single shot may fall short against variants

[Reuters] Take a Look - From Reddit rally to trade curbs: The retail trading frenzy

[CNN] HNA once wanted to rule the world. Now it faces bankruptcy

[Reuters] Canada economy sees biggest GDP drop ever in 2020, November GDP beats

[Reuters] Brazil govt debt ends 2020 at record high 89.3% of GDP

[Reuters] Mexico in 2020 suffers worst slump since Great Depression

[Bloomberg] Bubble Warnings Everywhere Just Keep Getting Louder

[Bloomberg] GameStop Mania Spreads Half a World Away to Target Glove Makers

[Bloomberg] Rising Food Prices Risk Making the Covid Hunger Crisis Worse

[Bloomberg] Market Madness Puts Pension Funds in a Risky Bind

[WSJ] GameStop Frenzy Causes Glitches for High-Speed Traders

[WSJ] Robinhood, Other Brokerages Restrict Trading on GameStop, AMC

[FT] The battle ahead: war is coming for your money

[FT] Moderna cuts deliveries to Italy and France in new blow to EU vaccination plans

[FT] Chinese warplanes simulated attacking US carrier near Taiwan

Thursday Evening Links

[CNBC] Stock futures decline as volatile Wall Street week continues

[Yahoo/Bloomberg] Asia Set for Rally After U.S. Stocks Rebound: Markets Wrap

[Yahoo/Bloomberg] U.S. Stocks Advance as Day-Trader Frenzy Eases: Markets Wrap 

[Reuters] U.S. yields climb, curve steepens, as markets reverse recent pullback

[Yahoo/Bloomberg] Robinhood Is Said to Draw on Bank Credit Lines Amid Tumult

[Yahoo/Bloomberg] Yellen Faces ‘Currency War’ Redux as She Ditches a Strong Dollar

[Yahoo/Bloomberg] Silver Is the Latest Market Hit by Reddit Day-Trader Frenzy

[CNBC] Covid live updates: WHO warns of second wave in Africa, U.S. confirms cases with new South African strain

[Yahoo/Bloomberg] Robinhood Has Told Users It May Close Some ‘At-Risk’ Positions

[Yahoo/Bloomberg] Robinhood Users Are Furious Over Its Stock-Trading Clampdown

[Yahoo/Bloomberg] State and City Cutbacks Stifle Broader U.S. Economic Recovery

Thursday Afternoon Links

[Yahoo/Bloomberg] Stocks Roar Back From Worst Rout in Three Months: Markets Wrap

[Yahoo/Bloomberg] Oil Slips With Global Virus Risks Clouding a Demand Rebound

[Reuters] GameStop, AMC stocks drop as Reddit trade runs into restrictions

[Reuters] COVID-19 wreaks havoc on U.S. economy; 2020 performance worst in 74 years

[Yahoo Finance] December New Home Sales: A Banner Year in the Books

[Reuters] Sanders urges reconciliation process as lawmakers grapple dwith coronavirus relief bill

[Yahoo/Bloomberg] Gensler Confirmation Nowhere in Sight as GameStop Tests SEC Role

[AP] Virus variant from South Africa detected in US for 1st time

[The Hill] Fauci warns COVID-19 situation 'potentially could get worse' given new variants

[Reuters] U.S. new home sales miss expectations in December

[CNBC] Covid live updates: Stranded drivers vaccinated in snowstorm; South African variant confirmed in U.S.

[Reuters] Italy's Renzi to meet president in bid for way out of government crisis

[Reuters] Euro zone governments must keep spending to avoid fresh recession: ECB

[Yahoo/Bloomberg] Robinhood Users Are Furious Over Its Stock-Trading Clampdown

[CNBC] Leon Cooperman on GameStop Reddit speculators: ‘I’m not damning them’ but it will ‘end in tears’

[Yahoo/Bloomberg] Viking Hedge Fund Down About 7% in Stock Market Tumult

[Bloomberg] Short Sellers Under Siege Everywhere Have It Really Bad in Korea

[NYT] The GameStop Reckoning Was a Long Time Coming

[WSJ] Wall Street Hedge Funds Stung by Market Turmoil