Stock Market

CNBC had the spin on the massive stock market sell-off story so fast it was as if the outlet was just waiting to protect the Biden administration from any bad news.

A Fox Business contributor wasn’t having it with the money printing-obsessed Federal Reserve raising its inflation target and moving up expectations for an interest rate hike only in 2023.

The Hill used the old “Republicans have pounced” cliché to turn attention away from the disastrous effects President Joe Biden’s agenda is having on the economy.

The dismal news of a skyrocketing CPI, inflation, and a stock market crash is the result of a “recovery”, per a Telemundo report where the anchors avoided calling out the Biden Administration’s disastrous handling of the economy.

Déjà vu? That’s exactly what CNBC Squawk Box co-anchor Joe Kernen said he was experiencing when it came to the nightmarish 1970s stagflation and the current state of the U.S. economy under President Joe Biden.

Back on February 18, MSNBC anchor Stephanie Ruhle sucked up to Congresswoman Maxine Waters (D-CA) with a softball question about the GameStop stock price war, suggesting that perhaps it wasn’t fair for the average American to use a resource like r/wallstreetbets for stock trading information. Instead, like banks, she wondered if the little guy be regulated too.

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Three economists lambasted a New York Times op-ed claiming that the Democratic Party is better for the economy than the GOP. 

A group called Robinhood Stock Traders lost out to the sheriff — in this case, Facebook. The social media site removed the group from the platform and later restored it without explanation, according to Reuters.

The group is similar to those on other social media sites, like Reddit, that have helped foment chaos in the stock market for wealthy hedge funds.

The media want to compare Reddit investors who outsmarted Wall Street hedge funds to the Capitol Hill rioters.

A front-page report in Thursday’s New York Times on the GameStop stock-shorting controversy caught a lot of flock from every political stripe for its condescending word choice and apparent sympathy for hedge traders over the small individual investors who have pushed the video game retailer’s stock price to dizzying heights. Their contemptuous coverage is garnering some fierce…

Fox Business host Charles Payne was livid over trading restrictions placed on super-popular stocks. The Robinhood trading app had restricted transactions on certain securities, following the GameStop stock surge that sent its price soaring and Wall Street reeling.

CNN’s Editor-at-Large Chris Cillizza was so obsessed with former President Donald Trump that he tried to blame him for an unrelated GameStop stock short squeeze caused by Reddit users.

GameStop dominated Wall Street in an odd financial tug-of-war. Investors on Reddit bought up the stock after big hedge funds had sold the stock short, essentially betting it would go down. 

There’s a high price to pay for banning President Donald Trump from social media platforms, and both Twitter and Facebook are feeling the massive bite out of their wallets for doing just that.