Copa Libertadores champions Palmeiras were expected to easily dispatch Egyptian side Al Ahly in Thursday’s third-place playoff of the FIFA Club World Cup but after a scoreless draw in regulation time at the Education City Stadium in Qatar, the match was to be decided by a penalty shootout. Signs that …
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GameStop (GME) dropped as much as 60 percent on Tuesday, dipping below $100 as the Wall Street and mainstream media measures aimed at ‘stabilizing’ the frenzied trading of the past week began kicking in. Retail traders have been unable to use the popular app Robinhood to trade GME and a handful …
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Tenev was interrogated by CNN’s Chris Cuomo on Thursday amid the Robinhood-GameStop stocks controversy, with the CEO claiming his decision was made to adhere to vague “regulatory requirements” and not to protect wealthy hedge funds that were shorting the stocks. After Cuomo highlighted the irony of the company being called …
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The Robinhood Stock Traders group boasted more than 157,000 members before it was taken offline on Wednesday, its 23-year-old founder, Allen Tran, told Reuters, adding that the social media giant cited its policies surrounding “adult sexual exploitation.” A notification of the ban seen by Reuters included no further reasoning for …
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People have been bidding money in the stock market for over a hundred years. There have been many stories about people substantially increasing their wealth by doing so. Despite some people’s issues with Wall Street and the culture surrounding it, there’s nothing illegal about getting involved in stock trading. In …
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Traders logging on to Robinhood on Thursday were informed that they were no longer able to purchase stock in $GME, $AMC, $BB and $NOK (GameStop, AMC Theaters, Blackberry and Nokia). These are the four companies whose share prices were massively inflated in recent weeks by crowds of amateur investors purchasing …
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“We are actively monitoring social media chatter and will halt stock if we match chatter with unusual activity in stocks,” NASDAQ CEO Adena Friedman announced on Wednesday morning. Speaking to CNBC, Friedman demanded regulators intervene to stop the “manipulation” that’s seen amateur investors completely leave one of America’s top hedge …
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“DC’s policy bubble is fueling Wall St’s asset price bubble,” wrote a group of analysts at Bank of America led by Michael Hartnett, as quoted by Bloomberg. The analysts were referring to the US Federal Reserve’s (the Fed’s) monetary actions, as well as fiscal stimulus policies designed to mitigate the …
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The probe was announced on Thursday by the country’s top market watchdog, the State Administration for Market Regulation. In a brief statement on its website, the regulator said it was investigating Alibaba over its “choosing one from two” policy, which reportedly puts pressure on its sellers not to offer their …
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Pfizer defended its CEO’s sale of 132,508 shares on Monday at near-peak value, claiming in a statement on Wednesday that the trade had been set up back in August as “part of Dr. Bourla’s personal financial planning” in keeping with a pre-established plan allowing “major shareholders and insiders of exchange-listed …
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