Just when the small and risky underdogs of the U.S. stock market were enjoying a historic rotation at long last, the megacap safety trade has come roaring back.
Apparel retailer Express Inc. skyrocketed in premarket trading Monday, extending its meteoric rally with record volume as retail investors touted the company across various social media platforms including Reddit message boards.
Trading in the stock market used to require a mastery of all sorts of Wall Street jargon. These days you also need to be fluent in emoji: If a post on a Reddit Wall Street message board contains icons of rocket ships pointing upward, you best pay attention.
Obsidian Energy Ltd. is extending its hostile takeover offer for Bonterra Energy Corp. until March 29.
Nordic asset managers that warned deforestation in Brazil is creating unacceptable risks for sovereign bondholders are starting to run out of patience.
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