Finance
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Exxon and Chevron discussed merging to form second-largest oil company: report
The CEOs of Exxon and Chevron discussed merging the two largest US oil companies, the Wall Street Journal reported. The talks came...
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GameStop founder Gary Kusin said it was an ‘honor’ retail investors targeted the company: ‘I just grabbed some popcorn’
Gary Kusin, the co-founder of GameStop, told CNBC he’s been closely monitoring the Reddit-fueled frenzy this month. Kusin’s son, Ben Kusin, had...
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GameStop short-seller Melvin Capital lost 53% this month after the Reddit-fueled frenzy sent shares soaring
Melvin Capital lost 53% in January, sources told Insider. The Wall Street Journal first reported the loss. The fund ended the month...
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AI in Insurance: How three forward-looking insurers are infusing AI into their front, middle, and back offices
As the coronavirus pandemic continues to drive consumers online, the pressure for incumbent insurance companies to adopt digital technology is intensifying. Incumbent...
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Here’s how GameStop went from dying retail relic to a ‘meme stock’ that has rattled the American stock market (GME)
That large-scale buying sent GameStop’s share price to levels that it’s been unfamiliar with amid its years-long turmoil. A New York City...
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Jordan Belfort, the ‘Wolf of Wall Street’, hails small investors buying shares in GameStop but warns ‘be careful’
Jordan Belfort thinks it’s “gratifying” to see hedge funds losing billions of dollars. But ‘The Wolf of Wall Street’ told Sky News...
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Hedge fund billionaire and New York Mets owner Steve Cohen left twitter after GameStop backlash
Steve Cohen is the founder of Point72 Capital, a $17.2 billion hedge fund, and owner of the New York Mets. In a...
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Canada’s largest airlines hit hard after the country suspends flights to Mexico and the Caribbean to curb COVID-19
The four largest Canadian airlines agreed to suspend flights to Mexican and Caribbean destinations in response to the country’s ongoing COVID-19 concerns....
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Robinhood reveals new details on decision to limit trading, saying it suddenly had to post ‘hundreds of millions of dollars’ in deposits
Robinhood’s deposit requirements related to equities increased by 10-fold amid the GME buying frenzy led by Redditors. In a company blog post,...
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The SEC is monitoring the GameStop trading frenzy. Here’s why lawyers and former regulators say clamping down on the market will be tough. (GME)
Wall Street is scrambling as day traders on Reddit sent GameStop’s shares skyrocketing. Institutional investors, state regulators, and lawmakers are calling for...