GameStop, AMC Trading Now Being Restricted at TD Ameritrade, Schwab
Some major brokerage houses have begun to respond to a frenetic surge in the price of shares of companies that has been attributed to rabid buying by individual investors on social-media platforms. From a report: On Wednesday, TD Ameritrade said it w.....»»
Why didn’t GameStop sell some of its inflated stock during the bubble?
The retailer could still possibly arrange a stock-for-cash infusion in the future Enlarge / Hi, yeah, how much can I get by trading in this slighty used share of GameStop stock? (credit: Getty Images) At the beginning of the year, the stock ma.....»»
As more insurtech offerings loom, CEO Dan Preston discusses MetroMile’s SPAC-led debut
We spoke to MetroMile CEO Dan Preston about what the day meant for his company and learn more the SPAC process for our own enjoyment. MetroMile began trading as a public company yesterday. Its exit from the private market was accelerated by.....»»
Investor Alexa von Tobel on the biggest driver of social-media-fueled stock trading
Alexa von Tobel has always felt strongly that too many people are shut out of the stock market. She felt this as a 23-year-old who didn’t have $5,000 to open a brokerage account. She felt it while building LearnVest, a financial planning startu.....»»
Robinhood Sued By Family of 20-Year-Old Trader Who Committed Suicide
Robinhood was sued Monday for wrongful death by the family of Alex Kearns, a 20-year-old customer who took his life last summer after believing he had racked up big losses on the millennial-favored stock trading app. CNBC reports: "This case centers.....»»
FCA warning over "risky" TikTok trading tips
Some TikTok creators have been giving investment advice in the wake of the GameStop frenzy......»»
Was GameStop"s Rise Actually Orchestrated By Hedge Funds?
Robert J. Shapiro advised senior members of the Obama administration on economic policy, and served as an Under Secretary of Commerce under Bill Clinton. Now a senior fellow at the McDonough School of Business at Georgetown, he's suspicious of the.....»»
Q&A: What is China"s carbon trading scheme?
China has launched the world's biggest carbon trading system to help lower carbon emissions, but critics and analysts have raised doubts about whether it will have a signficant impact......»»
GameStop, AMC Experienced Their Worst Weeks Ever. Robinhood Lifts Purchasing Limits
"Even with Friday's bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer's stock-market value," reports Bloomberg: The stock fell 80% in the last five days,.....»»
Robinhood Stops Limiting GameStop Shares
Robinhood has lifting all the buying curbs imposed at the height of the battle between amateur investors and Wall Street hedge funds. The change comes one week after the online broker limited clients to only buying a single share of GameStop and expa.....»»
How the GameStop stonkathon helped Robinhood raise $3.4B last week
In a single week, Robinhood raised more money than all startups in Spain, Italy, Ireland, Poland, Austria, Hungary and Russia combined last year. Robinhood has shown an impressive ability to raise enormous amounts of capital in the past few.....»»
Biden Commerce Pick Sees "No Reason" To Lift Huawei Curbs
President Joe Biden's nominee for Commerce secretary, Gina Raimondo, said she knows of "no reason" why Huawei and other Chinese companies shouldn't remain on a restricted trade list. From a report: Raimondo, in written questions from Senate Republica.....»»
Reddit Trading Frenzy Fades as Yellen Summons Agencies
A social media-driven trading cooled on Wednesday as U.S. Treasury Secretary Janet Yellen called a meeting of top officials that could result in tougher markets regulation for hedge funds, small investors and stockbrokers. From a report: Mass buying.....»»
Robinhood Screwed Its Users But Is More Popular Than Ever
An anonymous reader quotes a report from Motherboard: Robinhood is seemingly still very popular. According to The New York Times, Thursday -- the day of Robinhood's strictest trading restrictions -- was also its best ever: it saw over 177,000 downloa.....»»
GameStop Shares Plunge as Traders Dump Stock
Shares in GameStop plunged by 65% in early trading on Wall Street as the trading mania sparked by small investors, that sent its stock surging and cost hedge funds billions of dollars, lost momentum. From a report: The struggling Texas-based video ga.....»»
In 2021 everyone gets 15 minutes of wealth
Trades in the infamous Reddit-basket of stocks and trades are taking a pounding today, with GameStop down 52.7%, AMC Entertainment off 42.7%, the silver-squeeze flopping and more. CNBC has a longer list if you want to feast your eyes on the carnage......»»
How to cut emissions from transport: Ban fossil fuel cars, electrify transport and get people walking and cycling
The Climate Change Commission's draft advice on how to decarbonise New Zealand's economy is refreshing, particularly as it calls on the government to start phasing out fossil fuels instead of relying on offsets and carbon trading......»»
China launched its national carbon trading market yesterday
Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets can work effectively. China is the world’s lar.....»»
Myanmar coup: How the military disrupted the internet
As the military took power, internet access was restricted in many parts of the country, but how was it done?.....»»
Hedge Fund Melvin Sustains 53% Loss After Reddit Onslaught
An anonymous reader quotes a report from Ars Technica: Melvin Capital, the hedge fund that was wrongfooted by retail traders who drove up shares in GameStop and other companies it had bet against, lost 53 percent in January, according to people famil.....»»
Robinhood CEO To Testify Before Maxine Waters" Panel On GameStop
The CEO of online stock brokerage Robinhood is expected to testify before a House committee on Feb. 18 as lawmakers dig into the firm's role in the tumultuous trading of GameStop stock and other companies, people familiar with the matter said. Politi.....»»