Bloomberg - Evening Briefing - Meme stock meltdown

Bloomberg’s Evening Briefing

Losses for a basket of so-called meme stocks are mounting, with nervous traders shifting away from riskier assets as the year nears an end. The group of 37 retail trading favorites tracked by Bloomberg extended losses to 5.5% on Monday, as selling pressure for markets around the globe accelerated. The index has shed almost one-quarter of its value over the past three weeks as it slides to the lowest level in seven months. Here’s your markets wrap

Bloomberg is tracking the coronavirus pandemic and the progress of global vaccination efforts.

Here are today’s top stories

Treasury investors are losing more money than they have in four decades—once inflation is taken into account. And if markets are right, they’re unlikely to come out ahead for years

While most gauges of U.S. rents and home prices are surging—some at double-digit rates—the government’s consumer price index shows housing costs rising at a much tamer pace, a disparity that’s getting some high-profile attention.

Binance Asia Services, the Singapore affiliate of the world’s largest cryptocurrency exchange, has withdrawn its application to run a bourse in the city-state, ending an effort that started last year.

Construction cranes stand idle in China’s Yunnan Province, on the easternmost edge of the Himalayas. Building has ground to a halt on Hainan, off the coast of Vietnam, and up in Heilongjiang, along the Russian border. Across China, tens of millions of square feet of unfinished apartment buildings are the legacy of a real estate boom gone off the rails.

China Evergrande Group’s Health Valley development on the outskirts of Nanjing  Photographer: Qilai Shen/Bloomberg

The U.K. is poised to announce as soon as Tuesday the removal of all 11 countries from its so-called Covid-19 red list, ending mandatory hotel quarantine for travelers arriving from the riskiest countries. Omicron has begun to claim lives, but the jury is still out on exactly how dangerous the variant is. More evidence is coming in, however, that shows booster shots are integral to slowing the spread of the highly transmissible mutation. In the U.S., at least 50 million people have been infected with the coronavirus over the past two years, and close to 800,000 have died. Here’s the latest on the pandemic.

South Africa withdrew a controversial notice it circulated that prompted some banks to threaten closure of accounts for thousands of Zimbabwean immigrants with permits to live and work in the country.

Inger Stojberg, a Danish politician behind some of Europe’s strictest immigration policies, will be jailed after she was found guilty of breaching her duties by illegally separating refugee couples

Inger Stojberg Photographer: Martin Sylvest/AFP/Getty Images

What you’ll need to know tomorrow

Netflix Leads Nominees for Golden Globes

The Golden Globe Awards are coming back whether Hollywood wants them or not. The Hollywood Foreign Press Association announced the nominees on Monday for the annual ceremony celebrating the year’s best work in film and TV. The event has been tarnished by a year of scandal

“Squid Game” Photographer: Youngkyu Park/Netflix

Older messages

Nailing down omicron

Saturday, December 11, 2021

Bloomberg's Weekend Reading View in browser Bloomberg Follow Us Get the newsletter This year has witnessed millions more perish from the coronavirus, a fact that will forever color its memory. The

‘We told you so’

Friday, December 10, 2021

Bloomberg's Evening Briefing View in browser Bloomberg Hedge fund short sellers are under renewed scrutiny, and this time it's by the US government, not WallStreetBets. The Justice Department

Not too big to fail

Thursday, December 9, 2021

Bloomberg's Evening Briefing View in browser Bloomberg Too big to fail? A Lehman moment? We'll see. China Evergrande Group has officially been labeled a defaulter for the first time, the latest

The coming crypto crash

Thursday, December 9, 2021

Bloomberg's Evening Briefing View in browser Bloomberg Pfizer and BioNTech said initial lab studies show a third dose of their Covid-19 vaccine may be needed to neutralize the omicron variant,

Biden raises the stakes

Tuesday, December 7, 2021

Bloomberg's Evening Briefing View in browser Bloomberg With President Joe Biden already threatening major economic costs on Russia should Vladimir Putin attack Ukraine again, the Democrat had upped

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