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SAN DIEGO (KUSI) – The Real Wolf of Wall Street, Jordan Belfort, posted a video message to his Instagram page to “all you Wall Street betters, Robinhooders, and day traders. It’s a message of love, respect and support.” Belfort is a former stockbroker, convicted of fraud and related crimes in connection with the stock market back in 1999. His life story made famous by the movie, “The Wolf of Wall Street.” Belfort is now weighing in on the controversy surrounding the Robinhood app, and the Reddit fueled surges on certain stocks like Gamestop and AMC. Belfort believes “it’s amaz...

BBC News By Daniel Thomas media caption"Shares look great on the way up, but painful on the way down" Amateur investors swept up in the trading frenzy surrounding US retailer GameStop "could lose everything", the former stock broker who inspired the Wolf of Wall Street film has warned. Jordan Belfort, who was jailed for market manipulation in 1999, said such investments could be "great on the way up, but painful on the way down". GameStop shares surged 700% last week as amateurs, inspired by tips shared on social media, piled into the stock. But they have dropped sharply since. Shares fell 6...

Exxon Mobil reports a $20 billion loss, fourth straight quarter in the red (SPY +0.9%). Market Movers: Tata Motors, HDFC Bank soar as Indigo Paints make stellar debut. Here is the current market situation from CNN Money European markets are broadly higher today with shares in France leading the region. The CAC 40 is up 1.16% while Germany's DAX is up 1.05% and London's FTSE 100 is up 0.52%. What Is Moving the Markets Here are the headlines moving the markets. Aramcos New Stock Offering Looks Doomed From The Start More shares in flagship oil and gas company, Saudi Aramco (Aramco), may be r...