Small investors are not happy after Robinhood halted trading of GameStop and some other stocks. NTD asks Lance Roberts why they are pushing back so hard. The SEC says it will look into the trading saga. Is there some kind of flaw in the market? NTD talks to an experienced trader to figure it out. Texas…
Google Deletes Over 100,000 1-Star Reviews, Restores Robinhood’s App Rating
Google Play store has removed at least 100,000 negative user reviews targeting Robinhood, the stock trading platform caught in the center of the GameStop trading frenzy. Robinhood’s rating on Google Play had dropped from four stars out of five on Wednesday to just one star on Thursday. It had bounced back to four stars at…
SEC Says It’s Reviewing Recent Trading Volatility Amid GameStop Frenzy
The Securities and Exchange Commission (SEC), the top U.S. financial regulator, said Friday that it is reviewing recent trading volatility that led to the rise of GameStop, AMC, and others. The agency said it would protect retail investors and promised to investigate actions taken by hedge funds and brokerages that might “disadvantage investors or otherwise…
New York Attorney General’s Office ‘Actively Reviewing’ Robinhood App Activity and Trading of GameStop Stock
New York Attorney General Letitia James’s office is “actively reviewing” activity related to the Robinhood application and the trading of GameStop stock.
Video: What’s Happening With the Gamestop Shares—Interview With Charles Mizrahi
The conflict around the Gamestop stock started with hedge funds shorting a stock, then into retail traders investing which overturned the actions of the hedge funds. This led to an SEC investigation into the retail traders, and a flurry of news articles and social media posts. The conflict later led to investment app Robinhood blocking…
The Larger Impact of the GameStop Investor Wars
Commentary Investors and observers alike have been watching the incredible price movement and volatility escalation of the retail gaming company GameStop (GME). On Jan. 11, the stock closed just under $20 per share. On Jan. 28, it traded as high as $450 per share intraday and closed at $193.60. The stock is currently trading around…
GameStop, Other Retail Darlings Dented After Reddit Group Briefly Shuts Doors
A slugfest between Wall Street and Main Street took an unexpected turn late on Wednesday after moderators of a stock trading forum that has helped fuel massive rallies in the shares of GameStop temporarily closed its doors. Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail…
Facebook Shuts Popular Stock Trading Group Amid GameStop Frenzy
Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week. GameStop, AMC Entertainment Holdings Inc and BlackBerry have been at the center of a market battle as individual investors…
Senate to Hold Hearing on Stock Market as White House Defends Yellen Over Wall Street Ties
A Senate panel will hold a hearing on the stock market amid an unprecedented wave of actions taken against investors, an incoming chairman said Thursday, as the White House defended Treasury Secretary Janet Yellen over her ties to Wall Street. Stocks like GameStop and AMC have exploded in growth in recent days, bolstered by a…
NTD Business Full Broadcast (Jan. 28)
GameStop fell over 40 percent today, after surging for the past few days. NTD talk to Daniel LaCalle, chief economist at the Tresiss hedge fund about the latest frenzy and what could be behind it. South Dakota’s unemployment rate is now below the pandemic level. NTD talk to the state’s chamber of commerce to see what…
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