How bad bets on meme stocks led to a $1 billion wipeout

View in Browser May 15, 2024 Dow 39,908.00 0.88% S&P 500 5,308.15 1.17% NASDAQ 16,742.39 1.40% Last updated May 15 at 5:15 PM ET     How bad bets on meme stocks led to a $1 billion wipeout The only thing riskier than betting on meme stocks may be betting against them. That's the lesson Wall Street's short-sellers are learning the hard way this week.    Read full article   Think corporate greed is the leading cause of inflation? Think again President Joe Biden has frequently blamed corporate greed for fueling the high cost of living that Americans are fed up with.    Read full article   Here's where child care costs at least twice as much as rent If you think the rent is too damn high, wait until you get the bill for child care.    Read full article   Grocery prices are finally falling Food shoppers can finally breathe a slight sigh of relief: After years of increases followed by months of plateau, grocery prices fell last month.    Read full article   Taylor Swift's 'Eras Tour' could be worth almost $1 billion to British economy Taylor Swift's smash-hit "Eras Tour" is set to boost spending in the United Kingdom by nearly $1 billion, according to estimates by Barclays.    Read full article   Analysis: Why Biden's monster EV tariffs could inflame a Europe-China trade war US President Joe Biden has quadrupled tariffs on electric vehicles from China to 100%, effectively sealing off one of the world's biggest passenger car markets to the largest global producer of EVs.    Read full article   Today's movers AWIN 6.28 131.73% AERWINS Technologies Inc. REBN 3.75 48.22% Reborn Coffee, Inc. TTOO 5.97 43.51% T2 Biosystems, Inc. VRPX 0.78 65.94% Virpax Pharmaceuticals, Inc. YTEN 2.88 45.25% Yield10 Bioscience, Inc. HOLO 2.18 32.51% MicroCloud Hologram Inc. Last updated May 15 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com   You are receiving this newsletter because you signed up for Markets Now. To stop receiving this newsletter, unsubscribe or sign up to manage your CNN account   Learn more about the CNN app |  Get CNN web alerts  |  Sign up for a free CNN account   ® © 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved. 1050 Techwood Drive NW, Atlanta, GA 30318