We talk to CEO and Fed Hawk Danielle DiMartino Booth who’s on the ground in Texas. She says it’s a humanitarian crisis. Gamestop saga key players testify in front of lawmakers today, none admit wrongdoing, but they all agree they’ve never seen anything like it. Treasury yields continue to rise. Will the Fed step in…
Robinhood CEO Says Allegations That Trading Restrictions Were Meant to Help Hedge Funds Are ‘Absolutely False’
Robinhood CEO Vladimir Tenev said in testimony before the House Financial Services Committee on Thursday that any allegations his trading app tried to help hedge funds by limiting trades on volatile stocks last month is false. Tenev began his testimony before the committee at around noon ET on Thursday, by saying that Robinhood sought to…
NTD Business Full Broadcast (Feb. 9)
Small business optimism tanked again in January. NTD asks the New York director of the National Federation of Independent Business (NFIB) what businesses are telling him about their situation. Inflation is the buzz word of the week. Is ramping money printing driving up the price of goods? And is your pocket ready? A family has…
Broker Robinhood Sued Over Student Trader’s Suicide
The family of a 20-year-old stock trader who committed suicide sued the broker Robinhood for his death, citing its “misleading communications” that caused their son to panic over what he wrongly believed were huge market losses, according to a lawsuit. Robinhood notified Alex Kearns in June of what he thought was a $730,000 loss on…
Chinese Stock Trading App a Clear Winner in Retail Trading Frenzy
News Analysis Chinese stock trading app Webull has been one of the biggest beneficiaries of the retail trading frenzy that gripped the U.S. stock market in early 2021. Reddit-based retail investors generated huge volumes across the U.S. financial markets, sending heavily shorted stocks such as GameStop and AMC skyrocketing in late January. The trading frenzy…
Robinhood Lifts Trading Caps on GameStop and Other Stocks
Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop and AMC, according to an update on its website. “There are currently no temporary limits to increasing your positions,” the company said on its website, in an update addressing the status of market volatility-induced changes on its platform….
Robinhood CEO Tells Elon Musk There Was No ‘Shadiness’ in Halting GameStop Trading
Robinhood CEO Vlad Tenev defended the app’s decision to halt trading of GameStop stocks during last week’s trading turmoil, telling Tesla CEO Elon Musk during a webcast on Monday there was no “shadiness” involved and pushing back against what he referred to as “conspiracy theories.” Musk grilled Tenev during an episode of “The Good Time Show”…
Robinhood ‘Shooting Itself in the Foot’ by Removing GameStop Stock: Analyst
Mobile brokerage firm Robinhood is essentially “shooting itself in the foot” by blocking its users from purchasing stocks of companies such as GameStop that were soaring in value after individual investors banded together to squeeze Wall Street hedge funds, according to analyst Charles Mizrahi—host of “The Charles Mizrahi Show” and creator of the Alpha Investor…
Robinhood CEO Denies ‘Conspiracy Theory’ That Hedge Funds Pushed GameStop Trading Halt
Robinhood CEO Vlad Tenev on Jan. 29 pushed back against the “conspiracy theory” that hedge funds prompted the mobile brokerage company’s decision to restrict users from purchasing shares in GameStop. Members of Congress have in recent days called for an investigation into whether there was collusion by hedge funds and platforms like Robinhood, after purchases…
Video: Jeff Carlson Explains the GameStop Short Squeeze and Why Government Should Not Intervene
Recently, small investors organized online to buy large amounts of GameStop stock and caused billions in losses to Wall Street hedge funds looking to short that stock and benefit from its declining price. GameStop had been sinking for years. But in January of this year, prices soared to over $300 a share. On January 28,…
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