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“#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…
“#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 Has the “Oracle of Omaha” Warren Buffett been replaced by Elon Musk, the “Oracle of Memes”?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…
“#Feds reportedly probing traders behind GameStop frenzy” Federal law enforcement authorities are investigating whether market manipulation or other financial criminal activity fueled the meteoric rise of stocks such as GameStop and AMC Entertainment last month, a report said Thursday. Investigators from the Justice Department’s fraud section and the US Attorney’s office in San Francisco have…
“#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…
“#The top 15 hedge fund managers made $23B in 2020” The year 2020 was one to forget, unless you were a billionaire hedge fund manager. In the midst of record unemployment, spiraling coronavirus deaths and widespread social and political unrest, the top 15 hedge fund managers added a whopping $23.2 billion to their already extensive…
“#Pot stocks soar on renewed hopes of legalization” Cannabis industry stocks soared on Tuesday as industry leaders made groovy predictions about their financial prospects and marijuana legalization in Washington. Shares in Canadian grower Tilray finished up more than 40 percent on Tuesday after Chief executive Brendan Kennedy mused to Bloomberg Television that he now expects…
“#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…
“#Here’s Every GameStop Movie & Show Currently in the Works – /Film” Hollywood loves a bandwagon, and the big “Redditors vs. Wall Street” story which has captivated the country after a surge in GameStop stock prices is the latest trend that studios and production companies desperately want to capitalize on. There have been no less…