GameStop stock jumped 10% on Thursday despite the game retailer’s third-quarter earnings miss. The meme-stock favorite’s CEO said that the company is considering acquisitions. CEO Matt Furlong said GameStop is eyeing potential acquisitions in a mission to “accomplish something unprecedented in the retail sector.” Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading GameStop jumps 10% despite 3rd-quarter earnings miss as CEO says the meme-stock favorite will consider acquisitions
FTX founder Sam Bankman-Fried is being investigated for crypto market manipulation: NYT
US federal prosecutors have launched a probe into FTX founder SBF for market manipulation, per NYT. The probe is in its early stages and it’s unclear if prosecutors have determined any wrongdoing. FTX filed for Chapter 11 bankruptcy on November 11 after an intense week-long liquidity squeeze. Loading Something is loading. Thanks for signing up!… Continue reading FTX founder Sam Bankman-Fried is being investigated for crypto market manipulation: NYT
Sam Bankman-Fried’s venture unit reportedly invested in a military drone maker, fertility clinic, and a vertical farming company. Here are some of the defunct crypto giant’s biggest and most bizarre bets.
Sam Bankman-Fried’s venture unit placed bets on a military drone maker, a fertility clinic, and a vertical farming company, the FT reported. Alameda Research’s private equity portfolio reportedly had over 500 investments. Screenshots of an Excel spreadsheet detail the firm’s wide array of investments. Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading Sam Bankman-Fried’s venture unit reportedly invested in a military drone maker, fertility clinic, and a vertical farming company. Here are some of the defunct crypto giant’s biggest and most bizarre bets.
Dow falls more than 300 points as US stocks extend losses on interest rate fears
Matthew Fox Andrew Kelly/Reuters US stocks finished lower on Tuesday as investors cast doubt on the Fed easing rate hikes.A strong November jobs report and solid GDP data suggests a resilient economy may keep the Fed hiking rates for longer.The S&P 500 extended its two-day decline to more than 3% as its 200-day moving average… Continue reading Dow falls more than 300 points as US stocks extend losses on interest rate fears
The ‘Powell pump’ pushing the recent rally in the S&P 500 is over, and stocks may have further to fall as Fed moves and a looming recession keep investors away
The “Powell pump has been erased,” and the S&P 500 has lost gains made over the week after Fed Chair Jerome Powell spoke, a City Index analyst said. Hotter-than-expected data are stoking worries the Fed will keep raising rates beyond a widely anticipated 5% terminal rate. It “remains to be seen … whether the bulls… Continue reading The ‘Powell pump’ pushing the recent rally in the S&P 500 is over, and stocks may have further to fall as Fed moves and a looming recession keep investors away
The stock market may retest this year’s lows and returns will be nearly flat in 2023, Goldman Sachs chief equities strategist says
Jennifer Sor David Kostin, Goldman Sachs chief U.S. equity strategist. Brendan McDermid/Reuters Stocks may retest lows this year and returns will be near-flat in 2023, according to Goldman Sachs’ chief equities strategist David Kostin. The S&P 500 may hit 3,600 in the near term, as companies have revise 2023 earnings forecasts lower, he warned. Next… Continue reading The stock market may retest this year’s lows and returns will be nearly flat in 2023, Goldman Sachs chief equities strategist says
Robinhood is pivoting to retirement accounts as novice traders shun the get-rich-quick appeal of meme stocks
Robinhood announced plans to add retirement accounts for customers on Tuesday. The move comes as Robinhood faces a slump in retail trading activity. Robinhood shares are down 49% year-to-date, struggling to recover since the heyday of the meme-stock era. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed… Continue reading Robinhood is pivoting to retirement accounts as novice traders shun the get-rich-quick appeal of meme stocks
Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness
Max Adams Brendan McDermid/Reuters The Dow fell almost 500 points as traders flinched at new data that made a case for the Fed to stay hawkish. ISM services sector data for November turned higher, and factory orders increased in October. Bond yields jumped. The 10-year Treasury yield climbed to 3.60%. Loading Something is loading. Thanks… Continue reading Dow tumbles 483 points as economic data strengthens the case for more Fed hawkishness
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