American Airlines shares rose by 50 percent on Thursday after a mention of the airlines was made on WallStreetBets, a subreddit where participants write about the stock exchange that has come recently under the spotlight for short squeezing financially troubled companies. “AAL the next GME?” wrote a Reddit user named u/cardiffgiantthe1st on Wednesday, according to…
Republicans, Democrats Unite to Condemn Robinhood’s Removal of Gamestop Stock
Lawmakers in Congress who aren’t known to agree on much of anything united in condemning retail stock investment app Robinhood on Jan. 28, after the company blocked users of the app from buying stocks of companies like GameStop that were soaring in value after individual investors banded together to squeeze Wall Street hedge funds. “This…
Chief Justice John Roberts’ Move Not to Sit for Trump Impeachment Sparks Constitutional Concerns
Chief Justice John Roberts’ decision not to preside over former President Donald Trump’s second impeachment trial has raised concerns about whether the proceedings are constitutional. Senate Majority Leader Chuck Schumer (D-N.Y.) told MSNBC that Roberts “did not want” to partake in the impeachment trial. “The Constitution says the chief justice presides for a sitting president,” he…
Clown World Finance
Commentary The recent blowup of GameStop shares has revealed, if anyone was still doubting, that the center of clown world is not Washington, D.C., nor Silicon Valley—but Wall Street. To be clear, this is not meant to refer to the gallant band of redditors from r/wallstreetbets—those few, those happy few, that band of brothers who,…
NTD Business Full Broadcast (Jan. 27)
President Biden pauses new oil and gas leases — and cuts fossil fuel subsidies. It’s part of his focus on climate change, but many worry how it’ll affect jobs. GameStop stocks more than doubled on Wednesday. It’s become a battleground between small investors and hedge funds. And British lawmakers summon the CEO of the country’s largest…
White House Is ‘Monitoring’ Gamestop, Market Short Squeeze
Following several days of significant short squeezes of stocks such as Gamestop, AMC Entertainment, BlackBerry, and others, the White House is looking into the situation. White House press secretary Jen Psaki said that the administration and Treasury Secretary Janet Yellen are both “monitoring the situation.” “The stock market isn’t the only measure of the health…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`