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Local Matters - Rising rents in Mahurangi squeeze out working families


Rising rents in Mahurangi squeeze out working families
Nicole Banks
The average rental in Warkworth is $540 a week.
Warkworth property managers are concerned there are not enough rental properties to accommodate the area’s growing workforce.
They add that working families are being priced out of the rental market by rapidly rising rents.
Bayleys Warkworth property manager Shona Mackinnon says her data shows that over the last two quarters, rental prices in north Rodney have risen 21 per cent.
“That’s the first time I have seen Rodney on par with rises around the rest of the country,” Ms Mackinnon says. ....

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Short sales on the TSX: What bearish investors are betting against


The Globe and Mail
Larry MacDonald
Published February 12, 2021
It’s open season on short sellers these days.
Once they were the hunters spreading fear of the Big Short among corporate executives, but now they are the hunted quarry fleeing the Big Squeeze that rank-and-file investors are laying down in Reddit forums and other social media.
Just a few Canadian companies, notably
BlackBerry Ltd.and members of the cannabis sector, have had their stock prices bid sky high by the Reddit crowd to pressure short sellers into buying back shares and close out positions. The short sellers are compelled to cut their losses, but, in doing so, they further bid up share prices, adding to the gains of the Big Squeeze operators. ....

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Short squeeze seen lifting S&P 500 further: Citi

Hopes for big fiscal stimulus have driventhe U.S. equity benchmark to new record highs ....

Wall Street , சுவர் தெரு ,

A 10-Year-Old GameStop Investor Cashed In. His Return? Over 5000%


A 10-year-old GameStop investor cashed in. His return? Over 5000%
1 Feb, 2021 06:00 AM
4 minutes to read
Ten-year-old Jaydyn Carr (pictured) made more than US$3000 from GameStop shares that he was gifted for Kwanzaa in 2019. Photo / Nina Carr
Ten-year-old Jaydyn Carr (pictured) made more than US$3000 from GameStop shares that he was gifted for Kwanzaa in 2019. Photo / Nina Carr
New York Times
By: Christina Morales
As amateur investors banded together this past week to squeeze Wall Street hedge funds by sending GameStop s stock prices to dizzying heights, some novice traders, like 10-year-old Jaydyn Carr of San Antonio, have seen their
long-term investments pay off. ....

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'Dumb money' is on GameStop, and it's beating Wall Street at its own game


Dumb money is on GameStop, and it s beating Wall Street at its own game
28 Jan, 2021 01:10 AM
10 minutes to read
A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times
A GameStop near Union Square in Manhattan. Investors fuelled by a forum on Reddit have pushed GameStop shares into the stratosphere, and crippled short sellers. Photo / Hiroko Masuike, New York Times
New York Times
By: Matt Phillips and Taylor Lorenz
GameStop shares have soared 1,700 per cent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze on Wall Street. ....

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