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GameStop shares slump as it plans $1bn post-rally stock sale A GameStop store on March 10, 2021 in San Francisco, California. (Photo by Justin Sullivan/Getty Images) GameStop shares slump more than eight per cent at the US open today after the video game retailer said it may sell up to $1bn worth of stock as it takes advantage of a dizzying rally in its shares this year on the back of a Reddit-driven retail trading frenzy. Shares in GameStop this afternoon recovered somewhat bu...

IG Group suspends leveraged bets in 900 shares Britain’s oldest spread-betting firm has stopped offering margin trading on 900 shares, the Financial Times reported. Some of the London-listed shares affected include Saga, Mulberry and Hikma Pharmaceuticals. IG said the move involved less than 8 per cent of the leveraged equities it had been offering and does not affect the shares its customers can trade through its stockbroking service. The boom in trading since the start of t...

GameStop’s stock slide speeds up as US senator steps in GameStop has seen its shares fall sharply after a buying frenzy sparked by amateur traders (Getty Images) The slide in GameStop shares accelerated today as US officials warned they may step in to investigate the trading frenzy that has roiled markets in recent weeks. A surge in buying by amateur traders, fuelled by activity on social media, sparked big moves in shares of companies that were shorted by Wall Street hedge f...

Startups in their earliest stage missed out on funding with the majority of the government’s Future Fund investment going to companies at a venture or growth stage.

Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in The post This morning: Silver receives Gamestop treatment on Reddit appeared first on CityAM.

Silver shines this morning as the metal is experiencing a rise in demand thanks to postings on Reddit, targeted in a similar fashion as Gamestop last week.

CMC restricts ‘memestock’ shorting amid Gamestop frenzy CMC Markets has restricted shorting in "memestocks" like Gamestop. (Photo by Michael M. Santiago/Getty Images) Trading platform CMC Markets has restricted short selling in Gamestop, AMC and other so-called “meme stocks” following an attack on hedge funds by Reddit traders.  Last week day traders in r/wallstreetbets flocked to Gamestop lifting its share price to new heights in what some called a war against hedge f...

Robinhood raises $2.4bn in second cash injection as Reddit investors overwhelm app Online trading app Robinhood has surged in popularity as retail investors flock to nostalgia stocks (Getty Images) Robinhood has raised another $2.4bn from its shareholders after a turbulent week amid a surge of new investors piling into Gamestop.  The online trading app today confirmed it had raised $3.4bn to invest in “record customer growth” including a $1bn injection on 29 January.  La...

From time to time, the financial markets are given a rude awakening by an obscure situation or event, which is exactly what we saw last week.

The likelihood of a bubble forming in financial markets Concerns are mounting as to whether financial markets may have entered bubble territory over the past few weeks. Some analysts are warning that instances of excessive behaviour have become apparent and more frequent. The usual key ingredients to form a bubble in financial markets include cheap credit or easy money and an enticing narrative, with both resulting in excessive behaviours and valuations. Today’s financial mar...