Tag Archives: CBS News

GameStop Shares Plummet 81 Percent in Less Than a Week | Complex

The GameStop–Reddit frenzy continues to lose momentum.  CBS News reports the retailer’s stock prices plummeted for a second consecutive day, dropping nearly 60 percent to $91 per share on Tuesday. The news comes less than a week after GameStop shares reached an all-time high of $483—an increase that was largely credited to a group of day traders who ignited a short squeeze using […]

Robinhood restricts trades in GameStop and other popular stocks – CBS News

Robinhood and other major trading platforms on Thursday restricted trading in GameStop and other popular stocks that have skyrocketed this week and triggered anxiety on Wall Street. The decision sparked fierce backlash from smaller investors and lawmakers, questioning the legality of the restrictions.  In a statement, Robinhood said it was “restricting transactions for certain securities […]

Jon Stewart speaks out on Reddit-GameStop traders in first ever tweet – CBS News

Former “Daily Show” host Jon Stewart officially joined Twitter on Thursday and had some thoughts about Reddit-inspired traders who helped spur the meteoric rise in the share price of GameStop this week. “This is bullsh*t,” Stewart  said in his first ever tweet. “The Redditors aren’t cheating, they’re joining a party Wall Street insiders have been […]

The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Your Financial Wrongs

You’re smart. So don’t be dumb about money. Pinpoint your biggest money blind spots and take control of your finances with these tools from CBS News Business Analyst and host of the nationally syndicated radio show Jill on Money, Jill Schlesinger.  “A must-read . . . This straightforward and pleasingly opinionated book may persuade more of us to think about financial planning.”—Financial Times Hey you . . . you saw the title. You get the deal. You’re smart. You’ve made a few dollars. You’ve done what the financial books and websites tell you to do. So why isn’t it working? Maybe emotions and expectations are getting in the way of good sense—or you’re paying attention to the wrong people. If you’ve started counting your lattes, for god’s sake, just stop. Read this book instead. After decades of working as a Wall Street trader, investment adviser, and money expert for CBS News, Jill Schlesinger reveals thirteen costly mistakes you may be making right now with your money. Drawing on personal stories and a hefty dose of humor, Schlesinger argues that even the brightest people can behave like financial dumb-asses because of emotional blind spots.  So if you’ve saved for college for your kids before saving for retirement, or you’ve avoided drafting a will, this is the book for you. By following Schlesinger’s rules about retirement, college financing, insurance, real estate, and more, you can save money and avoid countless sleepless nights. It could be the smartest investment you make all year.Praise for The Dumb Things Smart People Do with Their Money “Common sense is not always common, especially when it comes to managing your money. Consider Jill Schlesinger’s book your guide to all the things you should know about money but were never taught. After reading it, you’ll be smarter, wiser, and maybe even wealthier.”—Chris Guillebeau, author of Side Hustle and The $100 Startup “A must-read, whether you’re digging yourself out of a financial hole or stacking up savings for the future, The Dumb Things Smart People Do with Their Money is a personal finance gold mine loaded with smart financial nuggets delivered in Schlesinger’s straight-talking, judgment-free style.”—Beth Kobliner, author of Make Your Kid a Money Genius (Even If You’re Not) and Get a Financial Life