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“#Why GameStop decided not to cash in on Reddit rally: report” GameStop considered cashing in on the recent Reddit-fueled rally in its stock price — but regulatory concerns stopped the retailer from pulling the trigger, a new report says. The Texas-based video-game chain weighed the possibility of selling new stock as rookie traders on Reddit’s…
“#Massachusetts regulators subpoena GameStop bull ‘Roaring Kitty’” Massachusetts securities regulators have issued a subpoena seeking the testimony of a YouTube streamer who helped drive a surge of interest in GameStop as part of a review of his registration, including his “outside business activities,” an official said Wednesday. The office of the Secretary of the Commonwealth…
“# Coincidence? Company stocks rise after they buy Bitcoin as a reserve ” It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this…
“#Lyft shares surge on hopes it will turn a profit this year” Lyft’s stock price soared Wednesday on hopes that the ride-hailing giant could finally become profitable once it recovers from its coronavirus-fueled downturn this year. Shares in the Uber rival jumped about 11 percent to $59.40 in premarket trading after executives said there’s a…
“# Cryptocurrency market cap hits $1.4T and surpasses Google stock ” Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and GOOGL in terms of market capitalization. On Feb. 10, the total…
“#NYSE warns it may exit New York over stock transfer tax” The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal. NYSE President Stacey Cunningham said she…
“#GameStop shares tumble as Reddit-rally surge dies down” Shares of video game retailer GameStop tumbled nearly 20 percent Tuesday to their lowest levels since the start of a retail investor-led surge that echoed across Wall Street. Investors who followed the popular Reddit forum WallStreetBets helped push shares of GameStop to a closing high of $347.51…
“#Wall Street sets record closing highs on stimulus hopes” Wall Street advanced on Monday, setting a course for record closing highs as stimulus prospects and ongoing vaccine deployment boosted investor optimism over the pace of economic recovery from the pandemic recession. All three major US stock indexes were higher, with the S&P 500 and the…
“#How AMC staved off bankruptcy before Reddit rally” AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash…
“# DOGE and XRP rally as pump and dumps sneak back into crypto markets ” The rise of interest in cryptocurrencies amid Bitcoin (BTC) and Ether (ETH) bull runs often goes hand in hand with the proliferation of scams and manipulation schemes related to various altcoins. One of the main manipulation schemes running in the…