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On The GameStop Saga, And Fox s Bad News

Friday, 29 January 2021, 11:09 am For over a decade, the stock market in the US (and everywhere else) has been utterly detached from the lives and the wellbeing of ordinary people. During 2020 for instance, as the Covid economic recession raged and jobs were lost a rates unseen since the Great Depression, the Wall Street speculators treated it as just another day at the races. While Middle America burned, the tycoon sector partied on regardless. Well, a day of reckoning has now arrived in the unlikely shape of GameStop, hitherto a fading video store chain. In recent weeks this stock has surged in value

Small investors behind surge in GameStop and other shares hit by restrictions

Small investors behind surge in GameStop and other shares hit by restrictions
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Small investors behind surge in GameStop and other shares hit by trading curbs

(Adds report of Robinhood drawing down some credit lines) Jan 28 (Reuters) - An army of retail investors that has routed Wall Street’s professionals in recent days was dealt a blow on Thursday, after online brokerages restricted purchases of red-hot GameStop and other stocks that had soared this week. But the shares rebounded in after hours trading, resuming their advances after Robinhood Markets Inc and Interactive Brokers said they planned to lift the restrictions on Friday. Retail investors, celebrities and policymakers had denounced Thursday’s restrictions and participants in online forums seethed, accusing the trading platforms of seeking to protect Wall Street’s interests at the expense of smaller investors.

Psaki ducks questions about Biden administration s GameStop policy

White House Press Secretary Jen Psaki ducks questions about what the Biden administration will do to protect the average American investor amid GameStop controversy CNN s Kaitlan Collins was the first to ask about press secretary Jen Psaki about the GameStop controversy during a press conference at White House Thursday  Given all the volatility surrounding Wall Street and GameStop, what is the Biden administration doing to protect the average American investor? Collins asked  Psaki dodged the question and instead referred reporters to an SEC statement  The SEC said in a statement released Wednesday that they are actively monitoring the on-going market volatility in the options and equities markets

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