#Goldman Sachs launches robo-adviser for Marcus customers

#Goldman Sachs launches robo-adviser for Marcus customers

“#Goldman Sachs launches robo-adviser for Marcus customers” Goldman Sachs has jumped into the red-hot retail investor market — but don’t expect it to recommend stock tips that you’ve found on Reddit. The megabank unveiled a new robo-adviser tool on Tuesday, giving customers of its Marcus savings account access to its wealth management services, which had…

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#Reddit, Robinhood bosses to testify at GameStop hearing

#Reddit, Robinhood bosses to testify at GameStop hearing

“#Reddit, Robinhood bosses to testify at GameStop hearing” The bosses of Robinhood, Citadel, Melvin Capital and Reddit will testify next week at a House hearing about the wild trading involving GameStop and other stocks. Citadel’s Ken Griffin, Robinhood’s Vlad Tenev, Melvin Capital Management chief Gabriel Plotkin, Reddit co-founder Steve Huffman, and Keith Gill, a Reddit user…

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#Is Elon Musk the new stock market oracle?

#Is Elon Musk the new stock market oracle?

“#Is Elon Musk the new stock market oracle?” Has the “Oracle of Omaha” Warren Buffett been replaced by Elon Musk, the “Oracle of Memes”? The futurist billionaire, chief executive of Tesla and SpaceX, and world’s richest person is now also able to move markets, from cryptocurrencies to actual stocks, using a single tweet. It’s a…

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#New Robinhood regulations would stiff ‘little guy’

#New Robinhood regulations would stiff ‘little guy’

“#New Robinhood regulations would stiff ‘little guy’” The GameStop-Robinhood stock-trading frenzy could take another bizarre turn thanks largely to some legislative “solutions” being weighed, allegedly to protect small investors.  But if any of this stuff makes it into law, it will be the “little guy” who gets screwed, and this time for real. The end…

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#GameStop stock plunges for second straight day

#GameStop stock plunges for second straight day

“#GameStop stock plunges for second straight day” GameStop’s stock price dropped sharply for a second straight day on Tuesday in a sign that the retailer’s Reddit-fueled rally is losing steam. The Texas-based video-game chain’s shares plunged more than 32 percent to $152.40 in premarket trading as of 7:20 a.m. on the heels of a nearly…

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#’You gotta let people trade, man’

#’You gotta let people trade, man’

“#’You gotta let people trade, man’” Rapper Ja Rule, one of GameStop’s more famous investors, wants the little guy to keep trading. The Grammy-nominated artist joined CNBC’s “Squawk Alley” Monday to talk all things GameStop and Robinhood, after the millennial investing app restricted trading on some stocks. “I love Robinhood. It puts the stock market…

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#White House will examine GameStop stock trading

#White House will examine GameStop stock trading

“#White House will examine GameStop stock trading” President Biden’s top economic adviser said the administration will take a look at the legal questions surrounding the roller-coaster ride GameStop took last week as small-dollar traders squared off against well-heeled hedge fund managers, sending its stock soaring to astronomical levels.  “I could tell you the SEC is…

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