Incoming Senate Banking panel chair to hold hearing on stock market amid GameStop controversy By Sylvan Lane – 01/28/21 03:54 PM EST This content was originally published here.
Reddit traders behind GameStop mania have animosity toward Wall Street elite, says PredIQt’s William LeGate William LeGate, founder and CEO of cryptocurrency platform PredIQt, joins CNBC’s “The Exchange” to discuss the populist forces behind the GameStop mania and what it means for Wall Street. 05:08 This content was originally published here.
LUBBOCK, Texas (KCBD) – The stock market is known for its ups and downs, but the rise and fall of GameStop is really turning heads. The short squeeze of the company’s shares is the brainchild of the subreddit WallStreetBets. “Once there’s blood in the water, everyone starts playing. Those big high-frequency traders, and other hedge […]
Silver stocks such as First Majestic Silver Corp (NYSE: AG) are shining amid speculation that the Reddit-fueled frenzy will extend to the precious metal and companies associated with it. What Happened: First Majestic shares closed 21.56% higher at $16.86 and gained 12.69% in the after-hours session on Thursday. The iShares Silver Trust (NYSE: SLV), an […]
When asked about GameStop’s recent stock rise, White House Press Secretary Jen Psaki said Wednesday that the Treasury Department is monitoring the situation involving GameStop and other companies. Stocks of GameStop, BlackBerry and AMC Entertainment Holdings all saw trading halts Wednesday amid continued volatility widely attributed to social media chatter. This content was originally published […]
New York Attorney General, Letitia James, released a statement Thursday announcing that “we are aware of concerns raised regarding activity on the Robinhood app,” and that “we are reviewing the matter.” Newsletter SignupStay up to date on the latest news: Sign up for the Sons of Liberty newsletter! Stay up to date on the latest […]
The GameStop short squeeze has been described as a revolt against financial capitalism, or the realization of Occupy Wall Street. This is like calling the movie Air Bud a critique of basketball because a golden retriever proved surprisingly good at the game. That an investing influencer under the moniker DeepFuckingValue collaborated with like-minded speculators on Reddit […]
“This is unacceptable. We now need to know more about @RobinhoodApp’s decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit,” she tweeted. This content was originally published here.