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“# Bank of America report extols the virtues of HODLing ” When it comes to investing in the financial markets, panic selling often leads to missed opportunities – and waiting for the dip could rob you of the most lucrative days to hold a particular asset. Those are the general takeaways of a comprehensive study…
“# Riot Blockchain stock plunges with Bitcoin as market correction deepens ” Shares of Riot Blockchain (RIOT) and other cryptocurrency miners sold off sharply on Thursday, as Bitcoin’s (BTC) gravitational pull on the market continued to broaden. RIOT declined by as much as 14.4% during Thursday’s session, extending its losing streak to four days. The…
“#GameStop shares plummet after lackluster earnings report” GameStop’s stock price took a nosedive Wednesday as Reddit and Wall Street tried to suss out the struggling retailer’s future. Shares of the cult meme stock plummeted as much as 22 percent to $141.27 — the lowest price since March 5 — after GameStop reported lackluster holiday sales while…
“#ViacomCBS shares tumble after announcement of $3B stock sale” Shares of ViacomCBS tumbled over 15 percent Wednesday after the media giant announced pricing of its $3 billion stock sale. The company, which launched the Paramount Plus streaming service earlier this month, said it will use the stock sales to fund its “investment in streaming.” ViacomCBS, which…
“# FTX set to secure naming rights to Miami NBA stadium until 2040 ” FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heat’s home stadium the FTX Arena. The cryptocurrency derivatives exchange backed by Alameda Research, is set to become the first member of the…
“#GameStop misses Q4 sales expectations, hires Amazon exec” GameStop shares tumbled on Tuesday despite a slew of high-profile hires after it reported weaker-than-expected quarterly sales during the period that coincided with the most euphoric days of the “Reddit rally.” Shares of the video game retailer plunged more than 11 percent in late trading after it…
“#GameStop loses second senior exec amid shakeup” Ryan Cohen’s GameStop overhaul continued with a second executive departure on Tuesday. The video game retailer’s chief customer officer Frank Hamlin will resign from the company on March 31 — second top executive to leave GameStop since it brought on Cohen to spearhead the mall-based retailer’s transition to…
“#GameStop to release first earnings report since ‘Reddit rally’” GameStop, the videogame retailer that took center stage in the “Reddit rally,” is about to give investors a fresh look at its actual business. On Tuesday, the company is slated to release its first quarterly earnings report since traders on Reddit message boards encouraged rookie investors…
“#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…
“# Following $6.5 million CFTC fine, Coinbase delays direct stock listing ” After settling charges of improper reporting of exchange volume and “self-trading” with the CFTC yesterday, reports have emerged that cryptocurrency exchange giant Coinbase is set to push back its stock listing to next month. The company had previously been expected to go public…