#GameStop surges on plan to enter NFT, crypto markets

#GameStop surges on plan to enter NFT, crypto markets

“#GameStop surges on plan to enter NFT, crypto markets” GameStop is launching a division to develop a marketplace for nonfungible tokens (NFTs) and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer’s shares 27% in extended trading. GameStop declined to comment. The Wall Street Journal first reported the…

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#Meme stocks will just keep rising, market-watchers say

#Meme stocks will just keep rising, market-watchers say

“#Meme stocks will just keep rising, market-watchers say” The Federal Reserve’s signal that it could eventually raise interest rates — though not anytime soon — isn’t likely to stop the rise of meme stocks, analysts and investors said. In fact, there’s not much the Fed will do that will affect meme stocks at all, market…

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#Gary Gensler’s overregulation would sink ‘meme’ markets

#Gary Gensler’s overregulation would sink ‘meme’ markets

“#Gary Gensler’s overregulation would sink ‘meme’ markets” BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation. But if you remove the report’s propaganda, it shows that our markets…

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#Massachusetts fines MassMutual .75 million over ‘Roaring Kitty’ case

#Massachusetts fines MassMutual $4.75 million over ‘Roaring Kitty’ case

“#Massachusetts fines MassMutual $4.75 million over ‘Roaring Kitty’ case” A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, among them the social media persona “Roaring Kitty,” whose online posts helped spark January’s trading frenzy in GameStop shares. Massachusetts Secretary…

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#How SEC boss should deal with ‘meme’ stock schemes

#How SEC boss should deal with ‘meme’ stock schemes

“#How SEC boss should deal with ‘meme’ stock schemes” Gary Gensler thought he had all the answers when he took the helm at the Securities and Exchange Commission this spring. Wall Street lawyers and bankers who deal with him tell me he was highly confident — almost arrogant — in explaining his agenda of regulating…

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#GameStop earnings overshadowed by SEC meme stock investigation

#GameStop earnings overshadowed by SEC meme stock investigation

“#GameStop earnings overshadowed by SEC meme stock investigation” GameStop reported better than expected earnings this week — but its stock close down on its disclosure that the Securities and Exchange Commission was investigating its trading practices. The video game retailer on Wednesday posted a 25 percent increase in sales for the first fiscal quarter on…

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