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Top News In அலெக்ஸ் ஃப்லிந் ப்ளூம்பெர்க் Today - Breaking & Trending Today

How a Bank of America Executive Created a Tense Work Culture

May 14, 2021
Early on in the pandemic, Bank of America found an innovative way to gauge the success of the bank’s work-from-home experiment: a spreadsheet, distributed to team managers daily, that pitted the productivity of people working from home against those who were still showing up at the office.
Created for Thomas K. Montag, the bank’s No. 2 executive, the spreadsheet, as described by two people with knowledge of it and according to images reviewed by The New York Times, listed markets employees in descending order of their profitability each day, with those working from the office on one side and those working from home on the other. The evidence on which work environment yielded better results was mixed, those people said, but the message that the spreadsheet sent was not: Mr. Montag, Bank of America’s chief operating officer, was keeping score. ....

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GameStop, AMC Rebound After Robinhood Scraps Trading Curbs

GameStop Wraps Up Worst Week Ever, Leaving $18 Billion Hole
Bloomberg
2/5/2021
Bailey Lipschultz
(Bloomberg) Even with Friday’s bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer’s stock-market value.
Popular Searches
The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop’s market value slipped to $4.4 billion, a far cry from the $33.7 billion value it hit on on Jan. 28 when it briefly became the largest company in the Russell 2000 Index. AMC Entertainment Holdings Inc., which also had limits removed on trading, edged lower in Friday’s session and capped off its worst week on recor ....

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GameStop Jumps as Robinhood Restores Full Trading Purchases

GameStop Wraps Up Worst Week Ever, Leaving $18 Billion Hole
Bloomberg
2/5/2021
Bailey Lipschultz
(Bloomberg) Even with Friday’s bounce, GameStop Corp. wrapped up its worst week on record as a stunning reversal of fortune wiped out $18 billion from the video-game retailer’s stock-market value.
Popular Searches
The stock fell 80% in the last five days, its worst weekly performance on record, to $63.77 in New York. The 19% gain on Friday after Robinhood Markets removed buying limits still left it far below last week’s high of $483 as retail trader demand and excitement across platforms like Reddit simmered.
GameStop’s market value slipped to $4.4 billion, a far cry from the $33.7 billion value it hit on on Jan. 28 when it briefly became the largest company in the Russell 2000 Index. AMC Entertainment Holdings Inc., which also had limits removed on trading, edged lower in Friday’s session and capped off its worst week on recor ....

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WSJ: Melvin Capital hedge fund's value HALVED by GameStop investors' rebellion -- Society's Child -- Sott.net

© Alex Flynn/Bloomberg News
Melvin Capital was founded by Gabe Plotkin, a former star portfolio manager for hedge-fund titan Steven A. Cohen. Melvin Capital Management, the hedge fund that has borne the brunt of losses from the soaring stock prices of heavily shorted stocks recently,
lost 53% in January, according to people familiar with the firm.
Melvin was founded by Gabe Plotkin, a former star portfolio manager for hedge-fund titan Steven A. Cohen. It started the year with about $12.5 billion and now runs more than $8 billion. The current figure includes $2.75 billion in emergency funds Citadel LLC, its partners and Mr. Cohen s Point72 Asset Management injected into the hedge fund last Monday. ....

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White Supremacist Twitter User Charged Over 2016 Election Posts

Far-Right Twitter Influencer Accused of 2016 ‘Vote Theft’
Bloomberg
1/27/2021
© Photographer: Alex FLynn/Bloomberg
The Twitter Inc. logo is displayed on an Apple Inc. iPhone.
(Bloomberg) Thousands of Hillary Clinton supporters were misled into casting invalid “votes” via text message by a social media influencer who used the Twitter handle “Ricky Vaughn” to spread racist content and Russian misinformation during the 2016 election, the government says.
Douglass Mackey, 31, was charged Wednesday by federal prosecutors in Brooklyn, New York, in what they believe to be the first case targeting social media activity under a Reconstruction-era law designed to combat voter suppression.
Mackey, who was arrested Wednesday in West Palm Beach, Florida, made an initial court appearance there before U.S. Magistrate Judge Bruce Reinhart and was released on $50,000 bond, Brooklyn U.S. Attorney Seth DuCharme said. Kristy Militello, a public defender ....

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