Robinhood warns of meme frenzy & Britain wins key tax exemption
Before its much-hyped IPO listing, retail trading app Robinhood has warned investors of another potential ‘meme stock’ rally. Boom Bust’s Ben Swann and Christy Ai analyze the pre-IPO news for the controversy-laden app. Then we take a spin around the globe for a look at international stock market performance. Shifting to geopolitics, tensions are on the rise in the South China Sea as the US and Japan have begun joint military drills in the region. RT’s Alex Mihailovich files a report on the growing concern in Southeast Asia. Then we turn to Europe, where the UK has managed to receive a key exemption in the newly backed global minimum tax proposal. Hilary Fordwich of the British-American Business Association gives her forecast on the new carve-out and what it spells for London as a banking hub in post-Brexit Europe.
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