Page 80 - Gabe Plotkin News Today

In case you're foggy about the hottest story on the internet at the moment, CBC Sports' Jesse Campigotto provides an explanation.

NBA legend Michael Jordan is rumoured to be hurting after falling into the Wall Street trading war with business partners.

Read? Melvin Capital, hedge fund targeted by Reddit board, closes out of GameStop short position Melvin Capital closed out its short position in GameStop on Tuesday afternoon after taking a huge loss, the hedge fund’s manager told CNBC. CNBC could not confirm the amount of losses the firm took on the short position. Citadel and…

Short-selling is the act of profiting from share prices going down. The short-seller borrows shares from someone who owns them (often an index fund), pays them a small fee for the rental, and sells them. They wait for the price to fall, buy the shares back for less than they sold for, return them to the owner, and pocket the profit.  But what happens if the price goes up? That’s what short-sellers of GameStop, a struggling US video-game retailer, just learned the hard way. Matthew Partridge ...

As retail investors pump up the price of stocks that have been targeted by short sellers, some real estate firms may be at risk.

  GameStop shares have plunged sharply after financial services company app Robinhood restricted trading. The stock price of GameStop, a gaming chain in the US, had surged 1700 per cent in recent weeks after a Reddit group backed it strongly. US hedge funds like Melvin Capital - had bet against GameStop by short-selling its shares - meaning it stood to gain if the price went down and lose if it went up. By pushing up the price of companies like GameStop, members of Reddit group WallStreet...

Jan. 29, 2021 Even if you never pay attention to stock market news, you have probably gotten the sense that something unusual is happening right now, and it has to do with something called GameStop. The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. Multiple prominent Jewish money managers are involved in the saga, on both the winning and losing sides. Online antisemites have noticed, seiz...

» Billionaire Leon Cooperman says GameStop surge will end very badly for the public and decries people attacking the rich Billionaire Leon Cooperman says GameStop surge will end very badly for the public and decries people attacking the rich Harry RobertsonJan 29, 2021, 17:17 IST Leon Cooperman decried the public and politicians "attacking the wealthy."CNBC/Getty Leon Cooperman said the He also defended short-sellers and Melvin Capitals Gabe Plotkin. And he said anti-elite sentiment was "bull...

  The buying frenzy continues on Miami Beach’s North Bay Road, with billionaire hedge fund manager Dan Loeb closing on a waterfront teardown for $12 million, The Real Deal has learned. Loeb, founder and CEO of Third Point, a New York-based hedge fund, also recently paid $20 million for a waterfront spec mansion farther north on the high-end street. Sources told TRD that Loeb is behind the Delaware entity that closed on 2220 North Bay Road for $12 million. Property records show Sharon Pizzor...

Anders Melin Save Share The bounty hunter of Wall Street has finally met his match. Andrew Left, who’s taken on everything from drug companies to Chinese real estate firms, said his Citron Research will no longer publish short selling research, ending the firm’s two-decade run as one of Wall Street’s best-known contrarians. Citron will instead focus on what may seem like the only logical move in a world of ever-rising equity markets and low interest rates: long bets. “Twenty...