Wall Street
GameStop Sent Soaring Again But Hedge Funds Are Fighting Back
GameStop, as well as other "meme stocks" like AMC, BlackBerry, Naked Brand Group, and Koss Corporation, have seen a boost on Monday morning.
Billionaires' Wealth Gain Could Fund $3.9K Stimulus Checks—Obama Economist
Professor Robert Reich, who served as Labor Secretary under Democratic President Bill Clinton between 1993 and 1997, made the comments on Twitter.
The Villain in the Deadliest Nursing Home Scandal Is Wall Street, Not Cuomo
Nursing homes owned by private equity are associated with lower staffing levels, more frequent citations for health and safety violations, and shortages of supplies like ventilators and PPE due to pressure to cut costs.
Michael Burry, 'Big Short' Investor, Sold GameStop Shares Before Surge
On Tuesday, filings disclosed by Burry's hedge fund, Scion Asset Management, showed the firm selling 1.7 million shares of GameStop in the fourth quarter.
BlackRock's Bitcoin Dabbling Could Mark Sea Change for Wall Street
While speaking with Newsweek, Glenn Goodman, author of The Crypto Trader and cryptocurrency contributing expert for the London School of Economics, suggested that the comments from Rieder show that Bitcoin has become more "respectable."
Dogecoin Value Spikes after Elon Musk Tweets about Cryptocurrency
The tweets marked the latest chapter in the tongue-in-cheek relationship between SpaceX and Tesla CEO the cryptocurrency created as a joke in 2013.
GameStop Stock Closes at $90, Biggest One-Day Decline In Company's History
GameStop stock closed under $100 per share for the first time in over a week, experiencing its largest 24-hour price drop after a trading frenzy that included a brief peak of $483 last week.
Mark Cuban on Why You Should Still Hold Onto Your GameStop Stock
In an AMA on r/WallStreetBets, the billionaire touched on a bunch of points to the aspiring traders.
Jordan Belfort Recreates Famous 'Wolf of Wall Street' Scene—About Robinhood
The real-life "Wolf of Wall Street" made some small adjustments to Leonardo DiCaprio's famous "I'm not leaving" monologue from the 2013 film, to address traders frustrated by limitations put on the trading of meme stocks.
Jimmy Kimmel Sparks Anger For Calling Reddit Investors 'Russian Disruptors'
The late-night host's comments came amid the Wall Street frenzy that saw amateur investors from Reddit's WallStreetBets community disrupt hedge funds last week by taking on those short-selling GameStop stocks.
GameStop-Gate: What Did Robinhood Do Exactly—and Why?
The story behind the war between the hedge funds and the day traders over GameStop. And the sordid tale of Jeffrey Epstein continues.
The GameStop Saga Proves Populism is Here to Stay
A common view is that these authority figures look after their own interests only. This feeling has been especially strong since the 2008 financial crisis.
The Unusual Timing of Tucker Carlson's Rant Against Robinhood
Tucker Carlson told his Fox News audience that the Robinhood trading app favored big investors and hedge funds. Just seconds prior, an ad at the network said the complete opposite.
Robinhood, Reddit App Downloads Surge as Investors Take on Wall Street
Despite breaking download and usage records this week, Robinhood has since been widely criticized for restricting the trades of stocks and cryptocurrencies.
Jon Stewart Gets a Warm Welcome on Twitter as He Defends Reddit Traders
The former "Daily Show" host was moved to join the platform amid the Wall Street/Reddit/GameStop frenzy that currently has enthralled the world.
Robin Hood Society Mistaken for Robinhood App, Sees Surge in Followers
The Robin Hood Society has amassed around 40,000 Twitter followers, after beginning the week with less than 400.
American Elites Seek To Rig the Game
Across all facets of American society, the Left increasingly plays the game by one set of rules, and the "deplorable" Right plays by a different set of rules.
Do We Really Want to GameStop Wall Street?
What's not fine is that the elites then changed the rules mid-game in response to the sheer audacity of amateurs trouncing the professionals.
Robinhood CEO Denies He Made Deals with Hedge Funds to Halt GameStop Trade
Speaking to CNBC, Tenev said: "We absolutely did not do this at the direction of any market maker or hedge fund or anyone we route to or any other market participants."
Reddit Co-Founder Ohanian Calls Short Selling is 'A B.S. Way' to Profit
"I love seeing people make money because they start a business," Ohanian said. "That business creates value for them, for their employees, for customers. That to me feels like an honest American way to make money."
How GameStop and Robinhood Brought Liberals and Conservatives Together
Robinhood, an app for trading stock, prevented users from buying GameStop and other stocks that were flying higher. Now, Republicans and Democrats alike are slamming the app.
Robinhood Founder Says App Blocked GameStop Buys to 'Protect Investors'
"As a brokerage firm, Robinhood has many financial requirements, including SEC net capital obligations and clearinghouse deposits," Robinhood co-founder Vladimir Tenev said.
GameStop Shows Biden Must Fix Capitalism Before It's Too Late
Let's stop delegating America's future to Wall Street and let's once again bet on Main Street.
AOC Says Robinhood's Block on Trading GameStop, Other Stocks 'Unacceptable'
The New York congresswoman, joined by other House Democrats, called for a congressional investigation into the trading app's ability to block retail investors from trading freely.
Robinhood App Blocks GME Stock Trading, Is Flooded With 1-Star Reviews
On Google Play, the Android investment and trading app has been left with a rating of one out of five after being bombed with a barrage of critical user reviews.
WallStreetBets Subreddit Gains 2M Members in a Day Amid Wall Street Siege
Members of the thriving subreddit have been the driving force behind investments into the retailer GameStop this week, using the page to mobilize, plan and communicate.
Trevor Noah Mocks Wall Street, Says They Can Cry on Their Yachts
"I think it's funny when Wall Street doesn't like when somebody Wall Streets them," Noah joked on Wednesday.
American Airlines Stock Surges Following Reddit Investor Frenzy
Share prices in American Airlines jumped 13 percent, with a number of Reddit users calling for it to receive the same attention that pushed GameStop's share price to an all-time high.
Robinhood Stops GME and AMC Stock Trading, Outraging Investors
The retailer's share price reached as high as $380 on Wednesday, up from $18 a few weeks ago after those on the subreddit r/WallStreetBets invested in the company.
GameStop Stock Update as Reddit Investors Continue War With Wall Street
The White House and U.S. Securities and Exchange Commission are "monitoring" the latest developments around GameStop's stock surge.