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February 3, 2021 Lawmakers to look into 'who wins and loses when short sellers, social media, and retail investors collide.' SHOW TRANSCRIPT The GameStop trading frenzy quickly captured the world’s attention, and theories abound as to what exactly led to this moment. But it’s still not clear how the Reddit Revolution is going to end. "The whole thing started because somebody disagreed with the sell-side research and 'prevailing wisdom,'" said Mark Abssy, head of indexing at Tematica Research. Days after the short squeeze took off, the founder of Citron Research announced his firm would...
Danielle DiMartino Booth of Quill Intelligence, First Trust Advisors chief economist Brian Wesbury and CFRA chief investment strategist Sam Stovall provide insight into the markets and Janet Yellen's confirmation as Treasury secretary. President Biden's nominee for treasury secretary, Janet Yellen, said Thursday that the president's "offshoring tax penalty" would incentivize U.S. companies to "create and maintain jobs at home." The tax penalty, which would establish a 28% corporate tax rate and 10% offshoring penalty tax on U.S. goods and services produced overseas, is part of Biden's "...
The Biden administration announced a set of top Treasury Department staff appointments Wednesday evening, including a number of former Obama administration officials. They will work for Janet Yellen, whose confirmation as Treasury secretary is expected soon.
Danielle DiMartino Booth of Quill Intelligence, First Trust Advisors chief economist Brian Wesbury and CFRA chief investment strategist Sam Stovall provide insight into the markets and Janet Yellen's confirmation as Treasury secretary. Sen. Tim Scott, R-S.C., slammed President-elect Joe Biden's Treasury Secretary nominee, Janet Yellen, for giving a 'disappointing' answer Tuesday on the impact a $15 federal minimum wage would have on small businesses that are already struggling during the coronavirus pandemic. "I asked @JanetYellen how raising the minimum wage to $15 affects the millions of...