How Investors’ Bets With Borrowed Money Unraveled Markets
Podcast: WSJ What’s NewsPublished On: Mon Aug 12 2024
Description: P.M. Edition for Aug. 12. The rapid decline of several popular trades and the heavy use of leverage sparked last week’s markets meltdown. WSJ special writer Gregory Zuckerman breaks down how borrowed money and risky bets set off a stock-market roller coaster. And Heard on the Street columnist Jinjoo Lee explains why the AI boom could cause a hike in Americans’ power bills. Plus, Israel puts its military on high-alert on the possibility of an attack by Iran and Hezbollah. Francesca Fontana hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
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