Page 3 - How Reddit News Today

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...

Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, a...

The government has announced that it will apply to become a member of the Trans-Pacific Partnership, a free trade area The post UK applies to join trans-Pacific free trade bloc appeared first on CityAM.

Monday – Ryanair Q3 results After Easyjet and Wizz Air released their latest earnings reports last week, it’s Ryanair’s turn to follow suit tomorrow. Even by airline executive standards, Michael O’Leary is no supporter of European governments’ approach to the Covid crisis, so expect some strong words from the Irishman. With services expected to continue at a minimum for the foreseeable future after last week’s quarantine announcement, traders will be looking at both Ryanair’s bala...

The government has announced that it will apply to become a member of the Trans-Pacific Partnership, a free trade area made up of 11 nations.

Wrong Robin Hood: Society for English legend goes viral after Wall Street mayhem © Hollywood Photo Archive/Mediapunch via Shutterstock, FILE News about an army of amateur Reddit traders sent shockwaves through Wall Street and beyond this week. But with the world gripped by the rise and fall in GameStop stock prices, frustrated users of the Robinhood app, who were restricted from purchasing shares, had the unlikely effect of boosting the profile of a very different online society. Looking f...

Reddit Rally: Robinhood unveiled as the Sheriff of Nottingham (Getty Images) It wasn’t supposed to be this way, but the Reddit army discovered their favourite broker for taking from the rich, Robinhood, was secretly the Sheriff of Nottingham. That dominated business news overnight as the Sheriff and his band of merry online brokers put a stop to the peasants’ rebellion by restricting trading in GameStop and AMC, among others. “The resulting price plunge had the media wai...