London Daily News
Saturday, Apr 17, 2021
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What Critics Don’t Understand About NFTs
The complexity and arbitrariness of non-fungible tokens are a big part of their appeal.
The Two Lives Of Bill Hwang, Man Behind The Archegos Fiasco
Interviews with people from inside Hwang's circle, Wall Street players close to him and documents associated with his multimillion-dollar charitable foundation fill in missing puzzle pieces -- ones that haven't been reported previously.
Stocks had a wild start to the year. Investors should be careful
Signs of market mania. Volatile tech stocks. Rising government bond yields.
Robinhood is getting rid of one of its most controversial features
Robinhood is getting rid of the confetti animation that appears on users' screens after they conduct their first trade and achieve other milestones. The change comes as the app faces growing scrutiny over what critics say is a gamificati...
GameStop, AMC and other meme stocks are meming again
Meme stocks were back in business Thursday, as investors bought up shares of GameStop, boosting other Reddit-favorite stocks along with it.
With GameStop's stock price still exploding, the ailing game retailer is considering selling new units to fund its future
With GameStop's stock price still near $200, the company is considering selling new units to help fund the ongoing "transformation" led by Ryan Cohen.
Robinhood files confidentially for IPO despite disastrous start to 2021
Robinhood filed confidentially for an IPO on Monday, a person familiar with the matter told CNN Business, a development that shows the trading startup is forging ahead despite a recent series of public-relations nightmares.
New reasons to think the work-from-home revolution is overblown
One year after the Covid-19 pandemic forced millions of workers to start clocking in from home, many companies are thinking about how to bring their employees back into the office.
Wall Street's biggest fear isn't Covid. It's inflation
Coronavirus fears shook Wall Street to its core last March. The Dow crashed nearly 3,000 points — a stunning 13% — a year ago today.
Robinhood is trying to go from PR nightmare to IPO. In this market, it might just work
It's hard to imagine a more disastrous IPO rollout than the past few months for Robinhood.
SEC sues California trader for alleged social media fraud scheme
Andrew L. Fassari tweeted false statements about Arcis Resources Corporation during December 2020
CVOL: Dow, S&P charge to record highs as bond yields ease ahead of Fed meeting
U.S. equity markets rallied Monday as bond yields fell ahead of the Federal Reserve’s two-day meeting.
US stock indexes try to recover, volatility on decline
VIX volatility index sheds 6.7% shortly after opening bell - Anadolu Agency
How a year of living almost exclusively online made the internet weird again
On the audio-based app Clubhouse, people are gathering in virtual rooms to make whale moaning noises or to participate in silent meditation together.
New data suggests GameStop's latest surge is being driven by institutions rather than retail traders
GameStop shares have climbed again, but a slowdown in purchases by retail investors indicates Reddit may not be leading the charge this time.
GameStop shares surge 53%, other 'meme stocks' rally on stimulus hopes
Shares of GameStop jumped more than 40% on Monday and other so-called meme stocks rallied, lifted by news from the video game retailer and expectations that investors may plow funds from coming stimulus checks into the equity market.
Reddit chief: I was late to spot GameStop stock mania
Reddit boss Steve Huffman has told BBC News he supported the aims of controversial sub-Reddit WallStreetBets.
House Republicans move to block financial transaction tax as GameStop furor revives Dems' calls for penalty
House Republicans on Wednesday unveiled a bill to block a financial transaction tax after the recent frenetic trading of GameStop shares revived a years-long effort by progressive Democrats to impose a penalty on stock trades.
Déjà vu? GameStop Shares Shoot Up Again, Gaining 100% in Value
The January GameStop swirl caused one of the biggest disruptions on Wall Street since the markets meltdown presaging the 2008/09 financial crisis.
U.S. regulators probe Robinhood over trading curbs
Retail brokerage Robinhood said on Friday U.S. regulators were looking into its temporary trading curbs on so-called meme stocks earlier this year as shares of companies like GameStop Corp soared during a social media-fueled short-squeeze.
Robinhood gets inquires from regulators over trading restrictions
Online brokerage app Robinhood has received inquiries from regulators about the temporary trading curbs it imposed during a wild rally in shorted stocks earlier this year, it said on Friday.
U.S. SEC suspends trading in 15 securities due to 'questionable' social media activity
The U.S. securities regulator on Friday suspended trading in the securities of 15 companies because of “questionable trading and social media activity,” the latest in a string of temporary trading halts amid volatile trading in so-called...
GameStop surges again as Reddit crashes temporarily
Shares in GameStop surged on Wednesday in what could mark a return to frenzied trading that rocked markets last month.
GameStop saga: Robinhood denies robbing poor to help rich
Key figures at the heart of the saga line up to insist there was no foul play as politicians search for weaknesses in the market.
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