By Spectrum News Staff New York City PUBLISHED 4:14 PM ET Jan. 31, 2021 PUBLISHED 4:14 PM EST Jan. 31, 2021
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Congressman Ritchie Torres joined the family of a Bronx man who remains in ICE custody even after his deportation was put on pause.
Earlier this week, Torres and Congresswoman Alexandria Ocasio-Cortez wrote a letter to ICE demanding 27-year-old Javier Castillo-Maradiaga be released. Torres joined the man s family to echo that sentiment. The right to be free from deportation is a human right and we need to make it a reality for every immigrant in this country, said Torres. We as a country can do better than this. We must do better than this, and we must to right by Javiar Castillo-Maradiaga.
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GABRIELA BHASKAR/The New York Times News Service
GameStop Corp. rebounded on Friday after several online brokerages allowed investors to buy shares in the video-game retailer again, just a day after Robinhood Markets and other trading platforms limited trading in a number of volatile stocks during a period of extraordinary volatility and market drama.
But the incredible stock-market gyrations, which have captured global fascination with the rising influence of investors in online chat groups, continue to raise questions over the potential impact on broader markets and reaction from U.S. regulators.
Reddit co-founder on GameStop: ‘The collective public cannot unsee this’
When Robinhood, a startup that promises to make finance accessible for all, temporarily limited trading on GameStop, AMC, and other memestocks, many retail investors were pissed that the fintech darling suddenly didn’t live up to its name. The specific reasons may have been short-term and technical, but the choice looked corrupt to the average person.
Here’s why: The presence of a massive hedge fund as a main Robinhood partner and supporter of the short-sellers is exactly what Robinhood users are rallying against. The obvious conflict shows that “democratizing finance” was always somewhat of an ironic tagline. Retail investors are already pouring into competitor apps like Public and Webull, and looking for more shorts to take on.
Courtney Crow/The Associated Press
The unprecedented battle between small investors and big-money pros took a sharp turn Thursday, as Wall Street hit back.
Small investors that had been cheering their remarkable success in driving up the share prices of a motley group of companies into the stratosphere over the past month met stiff resistance in their quest to perpetuate the buying campaign and force hedge funds and short sellers to back down from their financial bets against those same companies.
A number of popular online trading platforms in the United States and Canada imposed strict limits on stock trades, ostensibly to save unsophisticated investors from making rash moves. As a result, a number of high-flying names came crashing downward.
MIKA BRZEZINSKI:
Well, this is how high tensions are and how much lawmakers are still reeling from the attack on the Capitol. Yesterday Democratic Congresswoman Alexandria Ocasio-Cortez tweeted about the Game Stop story saying Robin Hood s decision to block retailers investors was unacceptable. Republican Senator Ted Cruz said he fully agreed with her stance. But Ocasio-Cortez wants nothing to do with him. Firing back on Twitter, quote, “I m happy to work on Republicans on this issue where there is common ground. But you almost had me murdered three weeks ago so you can sit this one out. Happy to work with almost any other GOP [sic] that aren t trying to get me killed. In the meantime, if you want to help, you can resign.” So Michael Steele, I think that s kind of a fair response. I mean, I think Twitter is a place where people are lobbing pot shots at each other.