While the price of video game retailer Gamestop has slumped this week, many of the small investors that have rushed the stock are still holding and some are buying more. The company’s efforts to reinvent its struggling business model remain laden with uncertainty, but investors have flocked to it in hopes that hedge funds that…
Small Gamestop Investors Aren’t Giving Up as Price Drops Below $100
GameStop Trading Frenzy a ‘Perfect Storm’ and a Warning for Canada
GameStop and a handful of other stocks have experienced roller-coaster rides that have gripped financial markets over the last week.
Yellen Calls Meeting With Financial Regulators Over GameStop Trading Frenzy
Treasury Secretary Janet Yellen is set to meet with financial regulators to discuss market volatility, including frenzied trading of GameStop stock. Yellen will meet with officials from the Securities and Exchange Commission, the Federal Reserve, the New York Fed, and the Commodity Futures Trading Commission, a Treasury Department spokesperson told news outlets. “Secretary Yellen believes…
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”…
GameStop Stock Drops Then Increases After Robinhood Lifts Restrictions
Update (11:30 a.m. ET): After dropping earlier, GameStop and other heavily shorted stocks are rising after trading app Robinhood lifted some trading restrictions. Reports say clients can now purchase up to 100 shares of GameStop and raised limits on AMC, Express, BlackBerry, and others. – GameStop (GME) dropped more than 50 percent on Tuesday morning, as…
Establishment Players Strike Back Against Gamestop Investors
After small investors organized online to squeeze billions of dollars from Wall Street hedge funds, some establishment actors have come out against the investors. The investors, mainly organized on the online Reddit forum “r/wallstreetbets,” have been buying en masse stocks of the video game retailer GameStop in the hope that hedge funds that have apparently…
NTD Business Full Broadcast (Feb. 1)
Game-stopped. The company’s shares fall 30% today. Retailer investors were left out in the cold. We bring you the latest update on the virus relief talks. President Biden is meeting a group of Republicans on Monday on a new proposal. What’s in the Republican bill and will it go anywhere? And are you worried about…
Kudlow: Government Should Refrain From Intervening in GameStop Trading
The trading of GameStop stocks might need some sort of intervention, but it shouldn’t come from the government, Larry Kudlow said Monday. “I don’t really see what the issues are. I don’t want to see more federal government regulations of these markets,” Kudlow, a top White House economic adviser during the Trump administration, said on…
Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post, one…
Some Reddit WallStreetBets Users Urge Others Not to Buy Silver; Stick With Gamestop
Several top posts on the highly popular WallStreetBets sub-Reddit called on others not to purchase silver following media reports over the weekend suggesting otherwise. “Silver might go up nicely and for a time but don’t get high on hopium, this is not gonna go in the 100s,” said one user. In another highly upvoted post,…
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