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 join the program to analyze the pre-IPO news for the controversy-laden app. 

They then 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 United States and Japan have begun joint military drills in the region. RT's Alex Mihailovich files a report on the growing concern in Southeast Asia. 

Turning to  Europe, where the United Kingdom 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.

Robinhood’s Big Gamble

In eliminating barriers to investing in the stock market, is the app democratizing finance or encouraging risky behavior? The app gives new investors an easy way to buy and sell stocks. Its founders say that it could help reduce inequality, but critics fear that it will only reinforce the wealth gap.

Read Sheelah Kolhatkar's article in The New Yorker HERE.

How the GameStop short-sellers play - Charts that Count

The FT's US finance editor Robert Armstrong looks at a company whose shares soared more than 400 per cent just two weeks ago as amateur stock traders took on Wall Street to make money from its fortunes.

 You can get more information on this story from the FT article;

"GameStop curbs put clearing houses under the spotlight"

GameStop: what it reveals about the US stockmarket - The Economist

The frenzied rise of GameStop’s share price baffled Wall Street and panicked the US Treasury. What does the GameStop story reveal about American stockmarkets? "Economist" experts answer your questions.