Finance
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Robinhood is reportedly borrowing at least ‘several hundred million dollars’ from banks amid GameStop trading frenzy
Robinhood is drawing on credit lines from its lenders, Bloomberg reported Thursday. The trading app is tapping into “at least several hundred...
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Some GameStop store employees say they’re getting investing questions from customers and they’re in the dark about how to handle it
Some Gamestop employees described unique interactions with customers in recent days as the company’s stock has soared this week. Insider spoke to...
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Bank of America has promoted 86 managing directors in its sales and trading, research, and operations groups — here are all the names
Bank of America on Thursday announced internally its sales and trading managing director promotions. The firm promoted 86 people in global markets,...
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From ‘temperature aligned’ investment products to outlining a plan to reach ‘net zero’, here are 4 highlights from Larry Fink’s letters to CEOs and BlackRock clients regarding ESG
BlackRock has plans for ‘temperature aligned’ investment products, metrics, and reporting Charte Photography/Shutterstock In his letter to clients, Fink identified a key...
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Hedge funds are ravenous for Florida office space as finance and tech firms flee south
New York financial services firms are flocking to south Florida, drawn by low taxes, warm weather, and the pandemic’s outsized effect on...
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Hedge fund phenom Dan Sundheim’s D1 Capital has been stung by the AMC short bet caught up in Reddit’s trading frenzy
D1 Capital is the latest high-flying hedge fund to get bitten by the Reddit-fueled market mania. The fund, managed by phenom Dan...
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The untold story of Blackstone’s Jon Gray — Reddit trading frenzy continues — Meet star Goldman banker Kim Posnett
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Come for the power plays,...
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364‘Big Short’ investor Michael Burry says Tesla isn’t GameStop — and Wall Street Bets shouldn’t be taken down
“The Big Short” investor Michael Burry. Jim Spellman / Getty Images “The Big Short” investor Michael Burry drew a line between Tesla...
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Discord bans r/WallStreetBets server over hate speech amid the group driving GameStop shares through the roof (GME)
Discord banned r/WallStreetBets on Wednesday for repeatedly allowing hate speech. The move came amid the online group fueling a massive rally of...
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Here’s how short-selling works, and how Reddit’s day-trader army spoiled the strategy for GameStop bears
Short sellers have lost billions on their bets as GameStop skyrockets. Millions of amateur traders on Reddit have pushed the price up....