#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC

#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC

“#‘Meme’ mob behind Gamestop frenzy may imperil soaring AMC” Adam Aron says he wants to ­increase his Twitter following to include about 1,000 more professed small-investor shareholders of the company he runs, AMC Entertainment.  His goal is to better “understand this phenomenon that has changed who owns AMC.” But based on the type of AMC…

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#Jay-Z to address Wall Street execs at investors conference

#Jay-Z to address Wall Street execs at investors conference

“#Jay-Z to address Wall Street execs at investors conference” Jay-Z will rap to some of Wall Street’s biggest names next month at the Robin Hood Foundation’s annual investors conference, event organizers confirmed. The Brooklyn-born rapper is expected to discuss his business career, including his recent deal to sell music-streaming service Tidal to Jack Dorsey-owned Square….

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#Charles de Vaulx’s apparent suicide rattles Wall Street

#Charles de Vaulx’s apparent suicide rattles Wall Street

“#Charles de Vaulx’s apparent suicide rattles Wall Street” A prominent investor’s apparent suicide after his financial empire collapsed is being mourned as a Wall Street tragedy. Shortly before 1 p.m. on Monday, police said, Charles de Vaulx entered the posh Midtown Manhattan tower at 717 Fifth Ave. that had long housed the offices of International…

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#Robinhood sues Massachusetts over regulatory clampdown

#Robinhood sues Massachusetts over regulatory clampdown

“#Robinhood sues Massachusetts over regulatory clampdown”  Online brokerage Robinhood on Thursday sued to invalidate Massachusetts’ recently-adopted fiduciary rule and block state regulators from proceeding with charges it encourages inexperienced investors to place risky trades without limits. Robinhood in a lawsuit filed in state court in Boston said the fiduciary standard of conduct for broker-dealers that…

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#Investors seek Bitcoin haven amid weakening dollar worries

#Investors seek Bitcoin haven amid weakening dollar worries

“#Investors seek Bitcoin haven amid weakening dollar worries” Warren Buffett hates cryptocurrencies. Treasury Secretary Janet Yellen isn’t a fan and neither is Bill Gates. Ditto for scores of great economic minds who call the rise of cryptos like Bitcoin a “bubble,” and a lot worse.   I have my doubts as well. I’ve seen too many…

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#SEC opens inquiry into Wall Street’s blank check IPO frenzy

#SEC opens inquiry into Wall Street’s blank check IPO frenzy

“#SEC opens inquiry into Wall Street’s blank check IPO frenzy” The Securities and Exchange Commission has opened an inquiry into Wall Street’s blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The SEC in recent days sent letters to…

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#Forget griping staffers, investors love David Solomon

#Forget griping staffers, investors love David Solomon

“#Forget griping staffers, investors love David Solomon” David Solomon would never win a popularity contest inside Goldman Sachs.  Low-level employees grouse that the chief executive makes them work around the clock through the pandemic to keep up with deal flow. White-shoe investment bankers complain that they get blasted when they miss out on business.  He…

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