CAR Avis Budget SI jumped to 92.7% from 86.2% in three days alone. The stock soared over 400% in a classic short squeeze echoing Wall Street's 2021 meme stock craze per FT reporting. Investors nursed heavy losses as bears scrambled to cover positions. The $7B rental car firm dominated market chatter today.
European stocks closed higher Friday as Nokia and L'Oreal soared on earnings beats. Asia-Pacific markets traded mixed as investors assessed Trump's hardened rhetoric on Iran war. Gold held steady ahead of Trump's Iran deadline.
Kevin Warsh speculation continues driving bond volatility. AP reported analysts warn against counting on rate cuts just yet. Warsh as Fed chair may not lead to big policy changes despite market hopes. March retail sales rose showing consumer resilience even as Trump's approval rating on economy fell.
Banks faced cross-currents. Goldman led record renminbi borrowing as China's low interest rates drew foreign issuers into a "frenzy". US soldiers involved in Maduro capture faced charges over $400,000 prediction-market bets using classified intel per DOJ filings.
WOLF Wolfspeed SI climbed 6.2 points to 45.8% in 72 hours. The $1B semiconductor maker absorbed fresh skepticism despite defense chip demand. Local Bounti SI exploded 61 points to 73.7% with 267% borrow costs showing extreme positioning.
Trump's disdain for wind projects created political storm for Republicans in coastal Virginia. D Dominion Energy faced policy headwinds as offshore wind opposition intensified.
Crypto billionaire Justin Sun sued Trump family's World Liberty Financial amid escalating feud. Private credit debate continued with analysts arguing the sector won't spark the next financial crisis despite rapid growth.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
