peter_IFAMAG reads Twitter so you don’t have to.
The US Stock Market may be overvalued by as much as 16%, with 7 large tech firms obscuring real economic woes. Wisecard chief gets investigated by German financial conduct authority, whilst investment chief at SoftBank gets healthy raise.
Firstly, check out this interactive map showing the geographical distribution of CBILS in the UK.
Bloomberg reported that Oxford Economics published new research suggesting the US Stock market is overvalued.
American shares are as much as 16% overvalued at present levels, says Oxford Economics https://t.co/DI9YY1LqGn
— Bloomberg (@business) May 29, 2020
Business Insider reveal new research suggesting big tech performance is “masking the risk of a prolongued meltdown.”
A Wall Street firm studied every crash over the past 100 years — and concluded that the unusual performance of 7 tech stocks is masking the risk of a prolonged meltdown https://t.co/H5yCqtzj63
— Business Insider (@businessinsider) May 29, 2020
Markus Braun faces legal scrutiny following a €2.5m purchase of his own companies’ shares earlier this week.
Germany’s financial markets watchdog is examining whether Wirecard chief executive Markus Braun violated insider trading rules when he bought €2.5m of shares in the payments group this week.
— Robert Smith (@BondHack) May 29, 2020
Finally, embattled SoftBank gives large raise to investment chief, despite giant loses this year.
Rajeev Misra pay jumped to $15m in fiscal 2019.
That's a 113% increase from $7m the year before.
— Arash Massoudi (@ArashMassoudi) May 29, 2020
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