The administration of Biden says it is monitoring the situation as shares in companies including GameStop, AMC and BlackBerry traded strongly on Wednesday. Meanwhile, Wall Street’s major indices have fallen after Federal Reserve Chairman Jay Powell described a weakening in the recovery of the U.S. economy, and China’s Covid-19 vaccine manufacturers have no trouble meeting demand. Plus, the FT’s investment correspondent, Attracta Mooney, followed BlackRock’s sustainability efforts and reported on how well the world’s largest asset manager is keeping its promises.
‘Short squeeze’ spreads as day traders hunt next GameStop
https://www.ft.com/content/acc1dbfe-80a4-4b63-90dd-05f27f21ceb2
Wall Street hits its worst day since October
https://www.ft.com/content/570f7453-fb9b-4c73-845e-a33178f4942e
Lex letter from Seoul: China’s vaccines and efficacy rates
https://www.ft.com/content/768f7e3a-0a10-47a5-9f0d-ea1927ebb4ec
BlackRock’s Sustainability Report ‘one year from Fink’s annual letter
https://www.ft.com/content/d7e83ba0-c90b-46c0-9233-ad06187606c1
Walmart turns to warehouses with robotic staff to handle online orders
https://www.ft.com/content/1b1b11c8-200c-4f7c-a431-6460f90bb95d?
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