Finance
-
One chart shows how 3 GameStop shareholders gained nearly $4 billion in a week
GameStop’s stock has exploded in the past week, surging more than 800%. Chewy cofounder Ryan Cohen’s 12.9% stake, acquired in August 2020...
-
One GameStop shareholder got $3.1 billion richer in one week, and the rally isn’t over yet
GameStop’s stock has exploded in the past week, surging more than 800%. Chewy cofounder Ryan Cohen’s 12.9% stake, acquired in August 2020...
-
The White House is ‘monitoring the situation’ with GameStop and the stock market (GME)
White House Press Secretary Jen Psaki said the Treasury and others are “monitoring the situation” with GameStop. The company’s shares have soared...
-
Some users are experiencing issues with trading platforms Vanguard, TD Ameritrade, and Charles Schwab
Some users are reporting issues with online trading platforms Vanguard, TD Ameritrade, and Charles Schwab. There were over 2,700 reports on DownDetector...
-
Jon Gray is the future of Blackstone. 50 insiders reveal how the superinvestor consolidated power, elbowed out rivals, and is remaking the firm in his golden-boy image.
Jon Gray is Blackstone’s No. 2 and has ushered in a massive transformation. Gray helped put together Blackstone’s deal for Bumble, a...
-
426AMC spikes 160% as day traders ignite shorted stocks like GameStop, BlackBerry, and Bed Bath & Beyond
AP AMC stock surged as much as 182% in premarket trading on Wednesday. Day traders also sent GameStop shares up as much...
-
Goldman CEO David Solomon given a $10 million pay cut as punishment for firm’s involvement in bribery scandal (GS)
Goldman Sachs slashed CEO David Solomon’s pay in 2020 by $10 million, or 36%, the bank said Tuesday. The cut was due...
-
359‘Big Short’ investor Michael Burry blasts Reddit-fueled GameStop rally as ‘unnatural, insane, and dangerous’
The Big Short/Netflix Michael Burry criticized retail investors for working together to drive up GameStop’s stock price. The “Big Short” investor described...
-
How hedge funds are tracking Reddit posts to protect their portfolios after the WallStreetBets crowd tanked Melvin Capital’s short positions
Hedge funds and data companies are closely tracking the infamous WallStreetBets Reddit forum. The subreddit’s users have helped drive GameStop’s soaring stock,...
-
Here’s how long mortgage rates might stay under 3%
The average 30-year fixed mortgage rate hit record lows in 2020, and dropped below 3% for the first time ever in July,...