Two flash crashes that rattled the markets

Checkerboard with checkmated white king

Source: Pixabay | Photographer: stevepb

Reading time: 4 minutes

Abrupt market crashes, also known as “flash crashes”, are anything but new. And while their effect on the global economies is typically short-lived, there are instances where such downfalls can spark lengthy economic crises, similar to Black Tuesday—the day that marked the beginning of the Great Depression.

As history has shown time and time again, sudden market dips are usually a byproduct of either boundless avarice or downright reckless behaviour. In this article, we’ll look into two real-life stories that completely support both of these stereotypes.

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Source: DeltaStock

Reading time: 6 minutes

With over 34 million infected and 1 million deaths globally, the race for who will first develop a suitable vaccine against the coronavirus is more disputed than ever. At the moment, thousands of investors have flocked to the biotechnological sector where, according to the World Health Organization, as of July there are 173 potential vaccine developers hard at work, while research expenses have reached billions of U.S. dollars.

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