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“#Redditors buy Times Square billboard as GameStop stock saga rages” Defiant amateur investors on Reddit say they are not backing down on their investments in GameStop — and even took out billboards in Times Square and across the country urging the faithful to continue holding the line. “$GME GO BRRR,” blared a digital ad on…
“# Risk it for the Bitcoin: Has BTC matured to be a safe investment play? ” Bitcoin has often been described as the “digital gold” of the 21st century, but is the cryptocurrency truly reliable as a new safe haven against financial uncertainty and inflation? The question is a difficult one to answer, but the…
“# Analyst says Bitcoin price sell-off may occur as Chinese New Year approaches ” On Jan. 29 Bitcoin (BTC) price briefly rallied to $38,500 before retracing the move and spending the majority of the day struggling to reclaim $35,000. The wild breakout in Bitcoin price has partially been attributed to Elon Musk changing his Twitter…
“#Elizabeth Warren enters GameStop discourse with letter to SEC” Sen. Elizabeth Warren on Friday asked the Securities and Exchange Commission to investigate the recent boost in GameStop stock price that was driven by calls for ordinary people to punish hedge funds. The Massachusetts Democrat raised the possibility that the stock rally, described as a populist…
“#American Airlines to issue $1B in new stock after price run-up” American Airlines’ stock rose earlier this week during market volatility around struggling companies, and now the airline is using the opening to sell up to $1.1 billion in new shares. American said Friday that it reached an agreement with lenders including Goldman Sachs and…
“#Traders suing Robinhood will likely struggle in court: report” The retail rebellion claimed victory on the trading floor — but it may be doomed for defeat in the courtroom. The infuriated investors who sued Robinhood for freezing trading on GameStop and other stocks will likely struggle to win their cases because brokerages have broad latitude…
“#GameStop stock insanity: Here’s everything we know” The Reddit-fueled GameStop insanity was far from Game Over on Friday — as the retailer’s stock price resumed its market rollercoaster ride, the mastermind behind the Wall Street attack spoke publicly and one of the czars of short selling admitted defeat at the hands of the mob. The…
“#Google deletes thousands of negative Robinhood app reviews” Google appeared to remove nearly 100,000 negative reviews for the Robinhood app after outraged investors bombarded the stock-trading startup with complaints. Amateur traders urged each other online to leave negative reviews for the app in the Google Play Store after Robinhood froze trading on shares of GameStop…
“#Biden, Psaki dodge GameStop trading scandal for second day” President Joe Biden refused to weigh in on the Reddit-fueled GameStop market frenzy on Friday as White House press secretary Jen Psaki for a second day also remained mum on the pressing issue. Biden ignored shouted questions from reporters in the Oval Office after the Securities and Exchange Commission earlier Friday said it…
“#Rush Limbaugh compares Robinhood’s GameStop freeze to politics” Rush Limbaugh compared Robinhood’s freeze in the GameStop stock frenzy to the political elites undermining former President Donald Trump’s populist policies. “Folks, it’s not just political now,” the conservative radio show host said Thursday. “The elites are bent out of shape that a bunch of average, ordinary…