Page 8 - Jesse Fried News Today : Breaking News, Live Updates & Top Stories | Vimarsana

6 Min Read OAKLAND, Calif. (Reuters) - Social media services including Facebook Inc and Reddit restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks. FILE PHOTO: Reddit mascots are displayed at the company's headquarters in San Francisco, California April 15, 2014. REUTERS/Robert Galbraith Some people think they should. Users of a Reddit group, in which 5 million members exchange investment ideas, generated significant profits by gorging on shares of GameStop Corp and other out-of-favor compan...

Publishing date: Jan 29, 2021  •  January 29, 2021  •  4 minute read  •  Article content OAKLAND — Social media services including Facebook Inc and Reddit restrict discussions about weapons, drugs and other illegal activity, but their rules do not specifically mention another lucrative regulated good: stocks. Some people think they should. Users of a Reddit group, in which 5 million members exchange investment ideas, generated significant profits by gorging on shares of GameStop Corp and other out-of-favor companies that had been shorted by big hedge funds. We apologize, but th...

9 Min Read Jan 25 (Reuters) - When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on the “purpose of a corporation” in August 2019, the then-chief of AT&T Inc promised to look out for the interests of all the wireless carrier’s stakeholders, not just shareholders. Two months later, the Dallas-based company outlined a plan for cost reductions that also prioritized dividends and stock buybacks for shareholders, succumbing to pressure from $41 billion hedge fund Elliott Investment Management LP. Activist inves...

Don’t Let the Short-Termism Bogeyman Scare You Summary.    The author, a professor at Harvard Law School, argues that concerns about the perils of short-termism—and support for measures that would insulate corporate leaders from the outside pressures that allegedly make them myopic—are long on alarming rhetoric and short on empirical evidence or economic logic. Furthermore, he writes, the threat of hedge fund activism should be expected to discourage managerial slack and underperformance, thus playing an important disciplinary role and incentivizing leaders to enhance shareholder v...

Loeffler Ran on This Bill. Too Bad She Didn’t Vote for It Sam Brodey © Provided by The Daily Beast Bill Clark/CQ-Roll Call/Getty Politically speaking, Senate Bill 945 was a perfect weapon for Sen. Kelly Loeffler (R-GA) in the midst of a hard-fought campaign. The legislation, dubbed the Holding Foreign Companies Accountable Act, would require foreign companies listed on U.S. stock exchanges to regularly open up their books to auditors and U.S. investors—or else get booted from those exchanges. The clear target of the legislation was China, where companies invoke state se...