This week in the China Shop, the top stories revolve around economic data and Biden’s rare meeting with Fed chair Powell in what looks to be a move to distance himself from the inflation crisis. In Stock News, Meta’s COO resigns amid an internal investigation, GM Defense looks to do business in Canada and Levi announces a $750m stock buyback. Over in the Crypto Corner, Do Kwan is making headlines after a suspicious money transfer and New York passes legislation targeting BTC miners using fossil fuel energy sources and in The Bet, a non trade looks to be the best decision of the week.
2 Bulls in a China Shop: 06/03/22
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Links:
Latest PMI Data
May Jobs Report
Biden Meets with Powell over Inflation
Is “Greedflation” Rewriting Economics?
Chinese Traders Face Another Aluminum Stock Scandal
Sheryl Sandberg Steps Down as COO of Meta
GM Defense Expanding into Canada
Levi Strauss Boosts Sales Outlook, Authorizes $750M Buyback
Do Kwan Caught Moving $4.8M Through Shell Company?
NY Passes BTC Mining Moratorium
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