Retail investors flood the oil markets, Bill Ackman bids for UMG, and the quest to uncover Satoshi Nakamoto continues.
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This week: Retail investors usually stick to the stock market, but many are rushing to make bets on oil futures. Felix Salmon, Elizabeth Spiers, and Emily Peck discuss Emily’s piece about “dumb money” moving into more sophisticated trading markets—thanks to new crypto-driven platforms—and what’s motivating the trend.
Then, the hosts examine Bill Ackman’s grand plan to take over Universal Music Group, and explain the difference in how his SPARC differs from a SPAC.
Finally, the hosts delve into the New York Times’ quest to uncover the mysterious creator of Bitcoin, the pseudonymous Satoshi Nakamoto, and argue over the investigation’s conclusion.
Podcast production by Jessamine Molli.
A new study says men will pay more at the store.
A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon, Emily Peck, and Elizabeth Spiers.
Emily Peck is the co-host of Slate Money and a markets correspondent for Axios.
Felix Salmon is a host of the Slate Money podcast.
Elizabeth Spiers is Slate’s Pay Dirt columnist. She was the founding editor of Gawker and the former editor in chief of the New York Observer. Prior to Gawker, she was a financial analyst.