By many measures, the coronavirus is a thing of the past. Masks have been stored away. Social distancing is just a vague memory. Interest in vaccines is waning. COVID, for many, feels like an inevitable annoyance, like the flu. Then, each summer, we get a rude reminder. The season of travel and fun continues to bring a spike in COVID-19 …
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The Meme Stocks Are Back and May Have Found Their New ‘Roaring Kitty’
It seems meme stocks are back, and this time, the latest craze was sparked—somewhat accidentally—by a Canadian hedge fund manager named Eric Jackson. About three weeks ago, Jackson’s firm, EMJ Capital, bought shares of Opendoor Technologies, a San Francisco–based company that buys and sells homes online, at around $0.70 apiece. Since then, the company’s share price has skyrocketed over 600% …
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