VELO performed well, and market attention soared this week
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Alpha Metallurgical director Kenneth S. Courtis acquires shares worth $2,742,779.54
"After a magnitude 7 earthquake, there will certainly be aftershocks"? After major AI losses in July, hedge funds suffered another heavy blow on Wednesday.
According to data from Goldman Sachs, systematic long-short funds experienced a single-day decline of 1.4% on Wednesday, while the Morgan Stanley "Pure Momentum" Index saw its first single-day drop of over 4% in five years. The trigger was the U.S. Treasury expanding bond purchases and a skyrocketing share price of Moderna. Industry insiders compared the current predicament to "aftershocks following a magnitude 7 earthquake," with all parties simultaneously deleveraging and reducing risk exposure, which is intensifying market volatility and creating a negative feedback loop.
PPX Mining settles USD 860,093 debt with 6,533,921 shares at CAD 0.19 each
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