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The March quarter earnings season has got off to a rocky start, with IT majors posting a sobering set of numbers amid the gathering clouds of recession in the West.
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The sizeable revenue shortfalls and added costs that many states, localities, tribal nations, and territories face due to COVID-19 call for added federal aid that’s temporary but significant.
People walk by a GameStop store in Brooklyn on January 28, 2021 in New York City. Markets continue a volatile streak with the Dow Jones Industrial Average rising over 500 points in morning trading following yesterdays losses. Shares of the video game retailer GameStop plunged. (Spencer Platt/Getty Images) Redditors banded together to rock the stock market. What does GameStop actually tell us about wealth, power and how Wall Street works? Guest Alexis Goldstein, senior policy analyst at Americans for Financial Reform (@alexisgoldstein) Jacob Frenkel, former SEC enforcement attorney and federal...
Retail investors were able to increase the price of GameStop's stock after hedge funds had attempted to "short" shares.