/PRNewswire/ Bernstein Liebhard, a nationally acclaimed investor rights law firm, announces that a securities class action lawsuit has been filed on behalf.
Pennies: Going in Raw is one of the most popular finance and investment themed podcasts. On Monday, hosts Hughe Henne and Dan Deity talked about Bitcoin s rise to new highs and SPAC opportunities.
Bitcoin s Two Catalysts: Bitcoin s rise to new all-time highs was aided by two stock market-related catalysts, Henne said.
First, as soon as the short squeeze fiasco involving
GameStop Corp. (NYSE:GME) and other heavily shorted names came to a halt, investors would be looking to park their money in bitcoin, along with cannabis stocks.
Bitcoin s rally was also fueled in part by
Tesla Inc s (NASDAQ:TSLA) announcement it not only bought $1.5 billion worth of bitcoin but would accept the digital currency as a form of payment.
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Clover Health Investor Says Co. Hid DOJ Probe During Merger
Law360 (February 8, 2021, 10:53 PM EST) Medicare Advantage provider Clover Health Investments Corp. was hit Friday with a proposed securities class action in Nashville federal court alleging the company failed to disclose that federal prosecutors were scrutinizing the company as it went public via merger with a special purpose acquisition company.
In the Feb. 5 suit, individual investor Timothy Bond claimed that shares of both Social Capital Hedosophia Holdings Corp. III, the blank check shell corporation Clover merged with, and the company created when the merger was completed in January were artificially inflated between Oct. 6, 2020, when the merger was announced, and Feb. 3, 2021, the.
S&P 500, Nasdaq post biggest weekly gains since early November
U.S. stocks extended their recent rally on Friday and the S&P 500 and Nasdaq indexes scored their biggest weekly percentage gains since the U.S. elections in early November, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.
Both the Dow Jones industrial average and S&P 500 rose for a fifth straight session in their longest streak of gains since August, while the S&P 500 and Nasdaq posted record closing highs for a second day in a row.
A smaller-than-expected rebound in the U.S. labor market last month highlighted the need for more government aid to shore up the economy. The Labor Department on Friday reported a 49,000 increase in nonfarm payrolls last month, but job losses in manufacturing and construction.
Earnings optimism boosts Wall Street
UNDETERRED: Upbeat earnings reports sustained investor optimism, despite the US Department of Labor reporting job losses in the manufacturing and construction sectors
Reuters
US stocks on Friday extended their rally and the S&P 500 and the NASDAQ Composite indices scored their biggest weekly percentage gains since the US elections in early November last year, boosted by optimism over earnings, stimulus talks and progress on vaccine rollouts.
The Dow Jones Industrial Average and S&P 500 rose for a fifth straight session in their longest streak of gains since August last year, while the S&P 500 and NASDAQ posted record closing highs for a second day in a row.