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GameStop: We've Been Here Before
The biggest story in the financial markets so far this year has been the battle between so-called retail investors and Wall Street in the most shorted names. This battle has focused on one stock in particular, GameStop Corp. (NYSE:GME).Read more
Exclusive: GameStop Swings After New Hires With Chewy Founder on Board
The rally in GameStop Corp. shares showed further signs of losing momentum on Wednesday as the stock halved earlier gains after news of a trio of executive hires, including the appointment of a chief technology officer.Read more
The Worst Isn't Over for GameStop: Here's Why
The echo chamber is a bad place to be if you're an investor. Bulls who only see the positives are toast. Bears who only see the negatives are toast. Shares of GameStop (NYSE: GME) have been whipsawed these days, and with every move up or down, you're seeing the camp with the tailwind trying to slam-dunk on the other, and that's a big mistake.Read more
GameStop, AMC Frenzy Was Bigger Than U.S. Oil Market
The GameStop Corp. and AMC Entertainment Holdings Inc. retail frenzy was bigger than the market for West Texas Intermediate oil futures, on a notional dollar basis, RBC Capital Markets said.Read more
Why the GameStop Frenzy Is Mostly a Made in U.S.A. Drama
(Bloomberg) -- On the surface, it looks like the GameStop Corp. uproar pitting Reddit day traders against giant hedge funds is going global.New accounts at Tiger Brokers in Singapore surged last week. In the U.K., Trading 212 is the most downloaded app in the country, while in Korea, GameStop is among the top 10 most-held foreign shares.Yet even as the hype spreads, the equity trading revolution playing out in the U.S. is unlikely to be matched anytime soon in Asia and Europe. Tighter restrictions on short selling, limited options trading and higher taxes and fees will keep it a U.S. game for now.Read more
Exclusive: Sharks join the GameStop Party!
On Tuesday, we highlighted the performance of stocks favored by retail traders over the last year. These returns suggest the current rally from the March 2020 lows has been a golden age of retail traders sticking it to hedge funds. A popular subplot of the recent fervor around GameStop (GME) and other heavily-shorted stocks is that these trades are a way for David to take on Goliath.Read more
WSB: Why you should hold. Opportunity still exists.
I know a lot of you are looking for confirmation that you should still hold, the truth is that may or may not be in your best interest. Only you can decide will all the information you have what’s best. Don’t listen to random people online.Read more
GameStop’s Giant Bubble Deflates Further After $27 Billion Rout
GameStop Corp. shares continued their rapid fall back toward earth on Wednesday, with last week’s massive peak becoming a distant memory.Read more
Sergey Brin: Google co-founder sets up family firm in Singapore
Google co-founder Sergey Brin is setting up a family office in Singapore to help manage his wealth.Read more
Regulators to meet as brokers call time on Reddit-trader rollercoaster
Hedge funds, small investors and stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social media-driven trading frenzy that has roiled stocks and silver prices.Read more
Why Amazon Stock isn't crashing with Jeff Bezos stepping down
Amazon (AMZN) founder and CEO Jeff Bezos is a once in a generation inventor that has fundamentally changed how humans buy stuff and interact with the internet.Read more
Hot: Five things to watch in Reddit stocks trading mania
Hedge funds, small investors and stockbrokers are bracing for tougher U.S. markets regulation, with officials expected to meet this week to assess the fallout from a social media-driven market frenzy that has roiled stocks and silver prices.Read more
What would Warrent Buffett do in the GameStop case?
Warren Buffett would not have been surprised to learn that the short sellers who bet on GME’s decline lost billions in the first month of 2021.Read more
Hot: Stock futures open higher as Amazon, Alphabet shares jump after earnings
Stock futures rose as the overnight session kicked off on Tuesday, extending earlier gains.Read more
Exclusive:Dave Portnoy the Barstool Sports founder lost $700K in GameStop frenzy
Barstool Sports founder Dave Portnoy blamed stock-trading app Robinhood for the roughly $700,000 he lost trading in the Gamestop stock frenzy, as Redditors’ dream of taking meme stocks “to the moon” unravels and shares in the games retailer and others went tumbling on Tuesday.Read more
Steve Cohen’s Point72 Raises $1.5 Billion After Melvin Capital Infusion
Steve Cohen’s Point72 Asset Management has opened to new cash and raised more than $1.5 billion in commitments in a matter of days, according to people familiar with the matterRead more
Sharp correction after silver price take-off! What's next?
The price of silver returned to a sharp correction today, as small investors took a step back by abandoning the precious metal, thus accelerating its fall from the eight-year high found at Monday's meeting, amid the frenzy caused by the investment communities.Read more
EXCLUSIVE : Jeff Bezos to step down as CEO of Amazon, to be replaced by AWS chief Andy Jassy
Amazon (AMZN) said Tuesday that Jeff Bezos, the company’s founder and CEO, would be stepping down from his role in the third quarter of 2021.Read more
Hot Stock GameStop Deals Blow to Hedge Funds January Returns, Some Escape!
Musk upload video of the Berlin's Gigafactory
Gigafactory Berlin-Brandenburg will be the most advanced high-volume electric vehicle production plant in the world. Starting with Model Y production at launch, we will establish original vehicle design and engineering for worldwide markets out of Germany.Read more
Bad News from SpaceX! The Starship launches but explodes on landing attempt after test flight!
The latest prototype of SpaceX’s next-generation Starship rocket launched successfully on Tuesday but exploded on impact during an attempted landing after the company’s latest development test flight.Read more