Page 4 - How Reddit News Today

SEC closely monitoring price volatility of certain stocks amid GameStop saga © Spencer Platt/Getty Images The U.S. Securities and Exchange Commission said Friday it is "closely monitoring and evaluating the extreme price volatility of certain stocks’ trading prices over the past several days." Popular Searches This announcement comes at the end of a week that saw massive disruptions on Wall Street fueled by amateur traders loosely organizing on Reddit, although the SECs statement did not...

GameStop: Get Shorty? The case for short sellers has never been stronger Barry Norris is the founding partner and chief investment officer at Argonaut Capital Partners NEW YORK, NEW YORK - JANUARY 28: People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Markets continue a volatile streak with the Dow Jones Industrial Average rising over 500 points in morning trading following yesterdays losses. Shares of the video game retailer GameStop plunged. (Ph...

GameStop rises on Wall St open as FCA issues trading warning (Getty Images) GameStop stock was up more than 100 per cent as US markets opened today, as popular trading platform Robinhood eased restrictions on buying into the stock. The army of small investors behind this week’s dramatic squeeze on Wall Street hedge funds returned to drive shares in GameStop and other hot companies higher on Friday as online broker Robinhood eased disputed trading restrictions. After another...

Takeover talk mounts as Chinese tycoon ups stake in Cineworld Chinese tycoon Liu Zaiwang has quietly built up his stake in struggling cinema chain Cineworld (Getty Images) A secretive Chinese tycoon has increased his stake in Cineworld, fuelling speculation of a possible takeover offer for the UK’s largest cinema chain. Liu Zaiwang’s Jangho Group has built its holding in Cineworld to 13.3 per cent, according to stock market filings published yesterday. The Chinese magnate, ...

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...

Covid-19 pummels US economy in 2020; performance weakest in 74 years The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the COVID-19 pandemic depressed consumer spending and business investment. (Getty Images) The U.S. economy contracted at its sharpest pace since World War Two in 2020 as the Covid-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty. The Commerce Departme...