Shares of Robinhood Markets Inc rose more than 50 percent on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week. The online brokerage’s shares closed at $70.39, off the session high of $85 when the stock was up nearly 82 percent, with one analyst dubbing…
Robinhood Shares Surge 50 Perccent, as Investors Scoop up ‘The Meme of Memes’
What Famous Investors Say About Investing During High Inflation
During the last months, statistics regarding inflation rates have signaled an increase that is higher than the rate during recent years. The uptick has led to investors and financial experts alike to reflect on the current atmosphere. “We’re seeing very substantial inflation,” relayed Warren Buffet, chairman and CEO of Berkshire Hathaway, in May 2021 at…
WallStreetBets Investor Forum Gave Good ‘Buy’ Advice on Average, Researchers Say
The popular small investor online forum WallStreetBets (WSB) had been on average producing sound investment advice, a team of researchers concluded. The Reddit forum, now sporting over 10 million subscribers, gained spotlight after many of its users organized to buy GameStop stock earlier this year, starting a buying spree that boosted stock price of the…
Taiwan Says Hong Kong Tycoon Asset Freeze a Warning to Global Investors
May 15, 2021
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TAIPEI—Taiwan warned on Saturday that Hong Kong’s decision to freeze assets belonging to jailed media tycoon Jimmy Lai was a sign to the international community that doing business in the Chinese-controlled city was becoming increasingly risky. The asset freeze, announced on Friday, includes all shares in his company, Next Digital—the first time a listed firm…
Inflation Overtakes CCP Virus as Biggest Risk for Investors: Bank of America
Inflation has displaced the CCP virus as investors’ top worry, as Wall Street looks beyond the pandemic to the impact of the tidal wave of stimulus and the unleashing of pent-up demand as the economy recovers, a new Bank of America survey shows. The Bank of America’s most recent Global Fund Manager Survey (FMS) indicates…
Florida Man Sentenced in Giuliani-Related Fraud Case
NEW YORK—A Florida businessman whose fraud-busting business was exposed as a fraud itself was sentenced Monday to a year and a day in prison in a case in which prosecutors said Rudy Giuliani was hired as a consultant to attract investors. David Correia, 45, was sentenced remotely by U.S. District Judge J. Paul Oetken in…
Organized Small Investors Plan to Crush Hedge Funds by Buying GameStop Stock
News Analysis A sizable group of small investors has threatened to bankrupt Wall Street hedge funds that have sought to profit from the downfall of the video game retailer GameStop. The investors have organized online to buy GameStop’s stock, forcing billions in losses on the establishment players that had bet on the company’s failure. The…
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