Page 37 - Exchanges Commission News Today

Robbing the Wall Street thunderdome share I don’t know if anyone’s been reading the news lately, but our good old friend Wall Street has been having a bit of a meltdown. A little over a week ago, the share price of video game retailer Gamestop (NYSE:GME) hit a historic high, closing at $65.01 on Jan. 22, higher than it had ever closed in the 21-year history of the store. It only took a few days for the shares to close at a whopping $347.51 on Wednesday, Jan. 27.    Gamestop and Wall Stree...

Few would lose any sleep over a bunch of hedge funds being taken to the cleaners by a horde of mug punters but the GameStop episode points to a larger threat.

Volatility in GameStop shares has prompted brokerage apps to restrict some trades.

Sen. Elizabeth Warren, a longtime Wall Street critic, chimed in on the remarkable surge in GameStop stock with a warning for hedge funds and the investment class. "With stocks soaring while millions are out of work and struggling to pay bills,...

The move caused GameStop's share price to drop.

By Bill Galluccio US-FINANCE-BANK-MARKETS Retail brokerage firms Robinhood and Interactive Brokers have restricted trading on several stocks that have soared in recent weeks following a campaign organized on the subreddit WallStreetBets to push back against hedge funds that were short-selling the stocks. The stocks include GameStop, AMC, Nokia, Bed, Bath and Beyond, American Airlines, and Blackberry. While new purchases will not be allowed, people who own the stock will still be able to se...

By Bill Galluccio US-FINANCE-BANK-MARKETS Retail brokerage firms Robinhood and Interactive Brokers have restricted trading on several stocks that have soared in recent weeks following a campaign organized on the subreddit WallStreetBets to push back against hedge funds that were short-selling the stocks. The stocks include GameStop, AMC, Nokia, Bed, Bath and Beyond, American Airlines, and Blackberry. While new purchases will not be allowed, people who own the stock will still be able to se...

By Bill Galluccio US-FINANCE-BANK-MARKETS Retail brokerage firms Robinhood and Interactive Brokers have restricted trading on several stocks that have soared in recent weeks following a campaign organized on the subreddit WallStreetBets to push back against hedge funds that were short-selling the stocks. The stocks include GameStop, AMC, Nokia, Bed, Bath and Beyond, American Airlines, and Blackberry. While new purchases will not be allowed, people who own the stock will still be able to se...

From Ted Cruz to AOC, Robinhood trading halt sparks bipartisan outrage Print this article Members of Congress on both sides of the aisle found rare agreement Thursday in their outrage at trading app Robinhood, after it took the highly unusual step of curbing trading in GameStop and another stock whose price has increased exponentially, AMC Entertainment Holdings Inc. Firebrand lawmakers Sen. Ted Cruz, a Texas Republican, and New York Democratic Rep. Alexandria Ocasio-Cortez appeared to be uni...

By Bill Galluccio US-FINANCE-BANK-MARKETS Retail brokerage firms Robinhood and Interactive Brokers have restricted trading on several stocks that have soared in recent weeks following a campaign organized on the subreddit WallStreetBets to push back against hedge funds that were short-selling the stocks. The stocks include GameStop, AMC, Nokia, Bed, Bath and Beyond, American Airlines, and Blackberry. While new purchases will not be allowed, people who own the stock will still be able to se...