One of the most interesting and potentially significant conflicts to happen in some time — not just financially but culturally and politically — deserves serious scrutiny…
Elon Musk, Ted Cruz, AOC, Ja Rule, Donald Trump Jr, Barstool Sports, More Slam Robinhood For Banning ‘Meme Stock’ Trades…
Personalities from both sides of the political aisle, as well as completely nonpartisan entertainers, are slamming hedge funds and Robinhood…
Liquidity Crisis? Robinhood Forced to Draw-Down Credit Lines Amid Trading Ban…
Update 1655ET: Shortly after Robinhood folded on its earlier decision to block buying of several high-profile stocks, Bloomberg reports the company has drawn down some of its credit lines with banks…
WallStreetBets Proves the System Is Rigged…
The epic short squeezes had some hedge funds being carried out because their naked shorts have blown up. Reddit clamped down on WallStreetBets, briefly making the subreddit private and then re-opening it…
REDDITOR: AN OPEN LETTER TO MELVIN CAPITAL, CNBC, BOOMERS AND WSB…
I was in my early teens during the ’08 crisis. I vividly remember the enormous repercussions that the reckless actions by those on Wall Street had in my personal life, and the lives of those close to me…
Stunning Short-Squeeze Sparks Hedge Fund Hell, Bitcoin & Big-Tech Battered…
An index of the “most-shorted” stocks in the US equity market is up a stunning 54% in January. For context, it was up 49% in the entirety of 2020, one of its greatest years ever…
The Six Biggest Tech Stocks Lost More Than $1 Trillion in Value in Three Days…
The six biggest tech stocks have lost more than $1 trillion over the last three days alone, but it’s really just a dent coming off a huge rally that peaked last week…
Dow Surges Over 900 Points Amid Wuhan Virus Vaccine Progress As Lockdowns Ease…
U.S. equity markets soared Monday after drugmaker Moderna announced progress toward a COVID-19 vaccine and as lockdowns continued to ease nationwide. The Dow Jones Industrial Average gained as many as 1,023 points before paring its advance in the final hour of trading. The S&P 500 registered its best day since early April, rising 3.15 percent, […]
Dow Falls 250 Points, Oil Sinks to 3-Year Low…
U.S. equity markets fell Friday despite the strong February jobs report, which was overshadowed by continued fears surrounding the coronavirus. The Dow Jones Industrial Average closed down more than 254 points, well off its worst levels of the session. The index had fallen by as many as 895 points. Meanwhile, the S&P 500 and Nasdaq […]
Apple Warns Coronavirus Could Jeopardize Orders for 45 Million Airpods…
Demand for Apple’s popular Airpods, both the original version and the slightly more expensive second generation model, have become an unexpected hit for the consumer-tech giant. Apple’s latest earnings report helped emphasize this as sales of the wireless headphones were a big component in the revised guidance that helped inspire a rally that drove the […]