Before he was shaking up the investment world and causing anger on Wall Street, the only number Keith Gill was interested in was his mile time. The avid runner, who attracted national attention for his athletic ability, had to give it all up when an injury put an end to his aspirations. No matter, he turned his interests to investing. Over the past week, Gill – who is also known as ‘Roaring Kitty’ on his YouTube channel – has become a millionaire after finding himself at the centre of a story that will have Wall Street shaking its head for many years to come.
Meet the man who shone a light on GameStop – an American gaming retailer – after leading an army of online followers, in an unprecedented rally that saw many make their fortunes. Speaking to The Wall Street Journal, Keith Gill says he didn’t intend on receiving all this attention – especially from the Federal Reserve, Congress and thousands of investors. Below, The Wall Street Journal documents this remarkable story.
– Jarryd Neves
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Meet Keith Gill, the man who drove the GameStop Reddit mania and made millions orlandosentinel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orlandosentinel.com Daily Mail and Mail on Sunday newspapers.
For his followers, Gill is responsible for bringing about a major victory, and some respect to a class of investors who, like GameStop, have been underestimated
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29 Jan, 2021 Author Hailey Ross
It was a busy week for insurance stocks as earnings season started in earnest, two sizable deals in the life space were announced, and amateur traders threw the broader markets into a short-squeezing feeding frenzy.
The S&P 500 endured some significant swings for the week ending Jan. 29, and ended up falling 3.31% to 3,714.24. The SNL U.S. Insurance Index dropped 3.65% to 1,164.98.
Early in the week, Allstate Corp. agreed to sell Allstate Life Insurance Co. and certain subsidiaries to entities managed by Blackstone Group Inc. for $2.8 billion. A day later, American Financial Group Inc. said it entered into a definitive agreement to sell its annuity business to Massachusetts Mutual Life Insur