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GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.
GameStop Is Joining the Russell 1000, but AMC Isn’t. How It Affects the Stocks.

The latest rally in meme stocks has given AMC Entertainment and GameStop the biggest and third-largest market capitalizations among companies in the Russell 2000 index of small companies. The Russell indexes' annual reconstitution is coming up next week, so investors have been wondering it the pair might graduate into the large-cap Russell 1000 .

Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better
Don't Ignore GameStop's Crazy Valuation, But Its Business Is Getting Better

Were traders on the WallStreetBets subreddit right about GameStop (NYSE:GME) after all?

MarketWatch FUD Why a crash in meme stocks AMC and GameStop looks more likely now
MarketWatch FUD Why a crash in meme stocks AMC and GameStop looks more likely now

MarketWatch FUD media wrote: Could insider sales of meme stocks signal a coming crash in their share price? The empirical research suggests the answer is yes.

Fact: Elon Musk's reputation bottoms on Twitter after attacking bitcoin
Fact: Elon Musk's reputation bottoms on Twitter after attacking bitcoin

Elon Musk's repeated criticisms of bitcoin (BTC-USD) appear to have come at a cost — at least when you look at how people are feeling about him on Twitter.

The largest brokerage firm will begin to trade cryptocurrency

FXCM Group has launched a basket of five cryptocurrencies: Bitcoin, XRP, Litecoin, Bitcoin Cash, and Ethereum. Now, retail investors will be able to make money on digital assets, while they do not have to constantly monitor markets and worry about volatility


FXCM Group has launched a basket of five cryptocurrencies: Bitcoin, XRP, Litecoin, Bitcoin Cash, and Ethereum. Now, retail investors will be able to make money on digital assets, while they do not have to constantly monitor markets and worry about volatility

Currency trading platform FXCM Group has launched a basket of five cryptocurrencies intended for retail investors. The product includes BTC, XRP, LTC, BCH, and ETH. CEO Brendan Callan said that this decision would allow new players to enter the market and simplify crypto investments for retail users.

 

“Trading a cryptocurrency basket will help free our users from constant market monitoring, facilitate the trading process and protect customers from unforeseen and adverse movements of digital coins,” Callan said.

 

Previously, the FXCM forex broker had another owner - Global Brokerage, in which the company lost its license from the Commodity Futures Trading Commission and received a fine of $7 million for trading against its own clients in 2017. After that, the London company was forced to leave the American market, but now its headquarters are based in New York.

 


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