$GME was up by nearly 104 percent when trading stopped on Wednesday, more than doubling its value over the last 24 hours, but the surge was stopped in its tracks by a trading halt imposed some 15 minutes before markets closed. Observers online noted that while halts are typically short-lived …
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Robinhood’s Vladimir Tenev has become one of the most sought-after interviewees for outlets covering stock market news, due to the role he played in the stand-off between large short-selling hedge funds and a crowd of small-dollar investors from the Reddit community WallStreetBets. But Elon Musk is arguably the most unusual …
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The website listed a coin dubbed WallStreetBets (WSB) above the world’s top cryptocurrency, bitcoin, earlier this week. As of Sunday, WallStreetBets still outranked major cryptocurrencies, as it gained nearly 130 percent in the past 24 hours and over 1,160 percent in a week. The price of the WallStreetBets token is …
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Potentially the biggest thing to rock the US financial system since the 2008 meltdown, it all started with GameStop, a bricks-and-mortar video game retailer. Already under pressure from the competing digital-purchase model, the firm found itself really struggling last year, with the lockdowns and subsequent economic slowdown severely affecting its …
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People “sitting at home getting their checks from the government, trading their stocks” are the problem, Leon Cooperman said on Thursday. In a lengthy appearance on CNBC’s Fast Money: Halftime Report, the CEO of the New York-based Omega Advisors took aim at the small investors buying up stocks the “more …
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Short-sellers lost $70.87 billion on US companies this year so far, according to analysis from Ortex reported by Reuters on Thursday. To put the loss in perspective, $70.87 billion is half a billion dollars more than the GDP of Slovenia, according to CIA statistics. In the world of stocks, short-sellers …
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According to the lawsuit, filed on Thursday before a federal judge in the Southern District of New York, Robinhood “purposefully, willingly and knowingly” deprived retail investors of the ability to invest, accusing the brokerage of “manipulating” the market. Robinhood “completely blocked retail investors” from buying GameStop stock “for no legitimate …
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American video game retailer GameStop has made a splash in the news this week after a showdown took place between hedge funds attempting to short sell the company’s stocks and Redditors attempting to fight back. After a hard-fought battle, the folks over at r/WallStreetBets scored a victory when a heavily …
Read More »2020 was a very difficult year for the global economy and became a kind of watershed for many industries. The cryptocurrency market also brought a lot of surprises, apart from an impressive jump in the rate of the main cryptocurrency. One of the characteristic features of 2020 for the cryptocurrency …
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Despite agreement from the Russian and German governments that the project must be completed, the company fears that it could eventually be derailed. As a partially public company, it is required to let its investors know about future risks. On Monday, the White House informed Berlin that it would be …
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