"The classic pattern of past squeezes include a quick rise, and a quick fall," a strategist said. When the squeeze is done, everyone sells at the same time.
BIS | Fernando Restoy | Feb 2021 The disruption created by technological progress in the market for financial services arises from (i) an expanded set of services offered to consumers; (ii) the processes and distributional channels followed by firms in offering those services; and (iii) the arrival of new (technological) suppliers of those services. These
Shares of AMC Entertainment, which rallied nearly 300% last week from a major short squeeze, is down 27% on Tuesday.
Exxon reported its fourth straight quarter of losses amid the "most challenging market conditions" the company has ever faced.
GameStop shares were lower on Monday as the Reddit-fueled frenetic trading extended into February.
Atlanta Fed President Raphael Bostic said Monday that he's not worried about overheating, though he does think growth could happen faster than many expect.
SpaceX announced on Monday that it will launch four private individuals on a Crew Dragon capsule into orbit around the Earth for the Inspiration4 mission.
CSA and IIROC | Release | Feb 1, 2021 TORONTO - The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) are closely monitoring how extreme price movement of certain stocks may be contributing to volatility in Canada’s capital markets. We will take appropriate regulatory action to protect investors if we
GameStop stock has defied gravity in the past and it could again, but there are some signs its stock may be topping out, strategists say.
GameStop shares were lower on Monday as the Reddit-fueled frenetic trading extended into February.
Retail investors wanted hedge funds shorting GameStop stock to lose money when they ran up the share price. Pension plans may be collateral damage.
Robinhood had more than 600,000 people download its app on Friday, according to JMP Securities.
Bloomberg Opinion | John Authers | Jan 29, 2021 The trading frenzy surrounding the video-game retailer is a prism for a range of epochal issues. Libertarianism vs Paternalism This is an eternal debate. Freedom means the freedom to mess things up. But governments have a responsibility to citizens, and companies have a responsibility to clients, to
Coindesk | Danny Nelson | Jan 29, 2021 BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust. BlockFi, a major hub for crypto lending, appears to be increasing its courting of institutional bitcoin bets through a new bitcoin trust product. The trust, revealed in Friday regulatory filings, could put BlockFi in
Robinhood started easing trading restrictions on Monday, raising its trading limit on GameStop to four shares from a single share.