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January 28, 2021
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...
January 28, 2021
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...
January 27, 2021
The Philippine Olympic Committee (POC) granted provisional recognition to the Philippine National Volleyball Federation Inc. (PNVFI) as the national association of the sport.
January 27, 2021
Warren, AOC weigh in on GameStop stock circus and take aim at hedge funds Print this article 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, its not news that the stock market doesnt reflect our actual economy," the Massachusetts Democratic senator said in a statement Wednesday. "For years, the same ...
January 20, 2021
ON THE GO Wike orders restriction of movement ahead of Rivers LG poll Nyesom Wike, governor of Rivers, has ordered restriction of movement ahead of the local government election in the state.Advertisement The election is slated for Saturday, April 17 across 4,442 polling... SEC: Discussion with CBN ongoing over regulation of cryptocurrencies The Securities and Exchange Commission (SEC) says discussion is ongoing with the Central Bank of Nigeria (CBN) over the regulation of cry...
January 11, 2021
NETANYA, Israel, Jan. 11, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today that its Board of Directors has approved the submission of a listing application to have its ordinary shares dual-listed on the Tel Aviv Stock Exchange (“TASE”). Upon listing on the TASE the Companys ordinary shares will continue to trade as usual on NASDAQ and the Company will continue to comply with the reporting and disclosure requirements of the U.S. Securities and Exchan...
January 8, 2021
comments The billionaire dethroned Amazon CEO Jeff Bezos who trails Musk by $1.5billion Bezos held the title of worlds wealthiest person for three years is worth $187bn Prior to that it was Microsoft founder Bill Gates with a net worth of $119.3 billion But here Claudia Connell delves into which of the wealthy trio is the King of Flash Forget ‘who wants to be a millionaire?’ If you want to be up among the richest people in the world, it’s going to take billions. Just ask Elon Musk, who ye...
January 7, 2021
A tiny hedge fund just made history by turning into an ETF Katherine Greifeld, Bloomberg News A tiny U.S. hedge fund has just become the first to convert into an exchange-traded fund. The actively managed Upholdings Compound Kings ETF (ticker KNGS) began trading last week. Itâs a new wrapper for a tech-heavy portfolio that was started in March 2019 by Nashville, Tennessee-based Upholdings Funds LLC. The firm wanted to expand its investor base -- in particular to include retail investors --...
December 30, 2020
Controversial business deals of 2020 that raised suspicions 2020 was a rather bittersweet year for many people with many lows and some highs. The business space in Ghana was not spared by some controversies amid the deals that raised eyebrows, red flags and others that even had to be halted. Some of these controversial deals even caused political fallout for the country’s Special Prosecutor, the Auditor General among others. Below are some of the controversial business deals of 2020. Agyap...
December 26, 2020
IDG is an early-stage investor in some of China's biggest fundraisers in 2020, such as Dmall, Yuanfudao, and MGI Tech.