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April 16, 2021
By Yun Li, CNBC • Updated 2 hours ago Dado Ruvic | Reuters The call options that Keith Gill bought at the beginning of 2021 are set to expire on Friday. The bet is estimated to generate a gain north of $7 million. Gill — who goes by DeepF------Value on Reddit and Roaring Kitty on YouTube — is the man who helped inspire the epic GameStop short squeeze. Gill has also been holding 100,000 shares of GameStop, which he bought at around $27 a share. It could be a big pay day for Kei...
April 12, 2021
Welcome to the non-fungible, memeified, cryptodenominated, degenerate future of finance.
April 8, 2021
Alpesh Patel OBE is the founder of the hedge fund Praefinium Partners. He uses TikTok to break down financial markets for retail investors. Patel reveals his top-three tips and explains why his bets on Ripple and ethereum are FOMO trades. If youve ever been down the rabbit hole that is financial TikTok — commonly known as #fintok — you might recognize Alpesh Patel OBE, or his handle @greatinvestments. Patel, a former barrister and founder of the hedge fund Praefinium Partners, has taken to ...
April 5, 2021
The impact of the Reddit boom, the playout of which has inspired a slew of potential movies, continues to be felt. The latest news comes via an SEC filing.
April 3, 2021
Home / Market News / Market Extra: Reddit trading guru Keith Gill looks to have made over $25 million on his GameStop bet Market Extra: Reddit trading guru Keith Gill looks to have made over $25 million on his GameStop bet The man known as Roaring Kitty on social media posted a screenshot of his portfolio to Reddit that shows a massive position and a 938% return. Latest posts by Market Watch (see all) Market Summary Retirement Intelligence Risk Disclaimer - By using this web site you agree to i...
April 1, 2021
March 2021 ISM and Markit Manufacturing surveys improve (SPY +1.1%). U.S. stocks close sharply higher to cap holiday-shortened week. The Market in Perspective Here are the headlines moving the markets. Saudi Aramcos Falling Profits Put Vision 2030 In Jeopardy Saudi Aramcos profits fell by nearly 50% in 2020 as the pandemic battered oil markets and an oil price war between Russia and Saudi Arabia sent oil prices to record lows. Not even the worlds largest oil company could escape the devastat...
March 17, 2021
Stocks Rebound After Fed Signals Interest Rates Will Remain Low Last Updated This briefing has ended. Follow our latest coverage of -0:00 Federal Reserve Will Keep Rates Near Zero The Federal Reserve Chair, Jerome H. Powell, said on Wednesday that he expects the economy to continue improving this year but plans to keep interest rates near zero until employment increases. Today, the FOMC kept interest rates near zero and maintained our sizable asset purchases. These measures, along with our str...
March 17, 2021
Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Redditors are coming together once again – this time to adopt gorillas. Marcos del Mazo/LightRocket via Getty Images, Dado Ruvic/Reuters Since Saturday, Redditors have donated more than $300,000 to a gorilla conservation fund. One used the name "GameStop": the retailer whose stock Redditors sent surging after hedge funds ...
March 16, 2021
Me, You, Madness…no it’s not a story about Roaring Kitty, GameStop and Melvin, though someone has to make that into a film (Michael Lewis will be writing the novel already, I’m sure). It’s actually a 2021 film starring Louise Linton, wife of ex Treasury secretary Steve Mnuchin. I have not seen it, but I have seen the trailer. The setup sounds […]
March 16, 2021
Reopening stocks are all the rage, but we could still see renewed vigor in large cap growth.