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Live updates: Robinhood CEO apologizes for blocking GameStop stocks before House Financial Services committee

The virtual hearing is titled “Game Stopped? Who Wins and Loses When Short Sellers, Social Media, and Retail Investors Collide.”.....»»

Category: topSource: washpostFeb 18th, 2021

Citi Loses Court Battle Over $500MM "Fat Finger" Trade

Citi Loses Court Battle Over $500MM "Fat Finger" Trade Some Citigroup execs are about to have some serious explaining to do to their shareholders (though fortunately for the bank, outgoing.....»»

Category: blogSource: zerohedgeFeb 16th, 2021

NewsWatch: Individual investors are back — here’s what it means for the stock market

The battle between day traders and short sellers over GameStop dominated the headlines, but the bigger questions for investors of all stripes is what the resurgence in retail trading means for the stock market as major benchmarks march to all-time highs......»»

Category: topSource: marketwatchFeb 5th, 2021

Market Extra: Individual investors are back — here’s what it means for the stock market

The battle between day traders and short sellers over GameStop dominated the headlines, but the bigger questions for investors of all stripes is what the resurgence in retail trading means for the stock market as major benchmarks march to all-time highs......»»

Category: topSource: marketwatchFeb 5th, 2021

Vacancy Rates Flat in Fourth Quarter of 2020

The homeownership rate increased YoY in the fourth quarter of 2020 to 65.8%, according to the latest data from the Commerce Department. This is .....»»

Category: realestateSource: rismediaFeb 4th, 2021

Amazon’s anti-union blitz stalks Alabama warehouse workers everywhere, even the bathroom

The stakes couldn’t be higher for the e-commerce giant, which is fighting the biggest labor battle in its history on U.S. soil......»»

Category: topSource: washpostFeb 2nd, 2021

Market Extra: Short sellers down a net $54 billion on U.S. positions so far this year, data provider says

It's probably no surprise, but short sellers are off to a rocky start in 2021 as an army of individual investors run up shares of heavily shorted stocks in a battle that's rocked Wall Street......»»

Category: topSource: marketwatchJan 28th, 2021

Key Words: Billionaire David Tepper says ‘gangup.inc’ war on shorts might not end well for stock-market investors

Billionaire invesor David Tepper says a short squeeze at the end of the dot-com bubble in 1999 didn't end well for investors, urging caution as an army of individual investors takes on short sellers in a battle that's dominating Wall Street......»»

Category: topSource: marketwatchJan 28th, 2021

NewsWatch: GameStop is worth more than $10 billion for the first time, and Elon Musk just gave it another boost

GameStop Corp. shares experienced another volatile session and trading halts Tuesday, continuing a battle between short sellers and traders that gather on an internet message board......»»

Category: topSource: marketwatchJan 26th, 2021

: GameStop is worth more than $10 billion for the first time, and Elon Musk just gave it another boost

GameStop Corp. shares experienced another volatile session and trading halts Tuesday, continuing a battle between short sellers and traders that gather on an internet message board......»»

Category: topSource: marketwatchJan 26th, 2021

Housing Starts: Strong Year-End Numbers Don’t Mean There Aren’t Risks Ahead

Housing starts increased 5.8 percent to a seasonally adjusted annual rate of 1.67 million units, according to the latest report from the Commerce Department. While housing starts ended .....»»

Category: realestateSource: rismediaJan 26th, 2021

: GameStop stock sets record, then loses bulk of gains in another volatile day of trading

GameStop Corp.'s stock spiked past $150 Monday in a run that has appeared to defy gravity as loyalists and short sellers have clashed over the value of the mall-based videogame retailer that has suffered under the COVID-19 pandemic......»»

Category: topSource: marketwatchJan 25th, 2021

Market Snapshot: Dow slumps as short-betting drama draws attention on Wall Street

Stock-market benchmarks trade mixed in the final hour of trade Monday, amid a battle between speculative buyers and short sellers on high-profile stocks a week after equity benchmarks set fresh all-time highs......»»

Category: topSource: marketwatchJan 25th, 2021

Tesla loses lead designer of a Model Y feature Elon Musk once called "some of the best engineering" he"s seen

In recent years, Tesla has seen a high rate of executive turnover, with many senior emplo.....»»

Category: personnelSource: nytJan 25th, 2021

Md. Department of Commerce eyes changes to to tax credit programs

After a bitter battle with Democratic lawmakers last year, the Department of Commerce is looking to alter the biotech, cybersecurity and research and development tax credits......»»

Category: topSource: bizjournalsJan 15th, 2021

Apple loses copyright battle against security start-up Corellium

Apple lost its copyright lawsuit against Corell.....»»

Category: topSource: washpostDec 29th, 2020

E-Commerce Shopping Greatly Outpaces Total Growth Rate In 2020 Holiday Shopping

Online sales grew a whopping 49% in this year's holiday shopping season. read more.....»»

Category: blogSource: benzingaDec 26th, 2020

Overstock Files to Dismiss ‘Meritless’ Fraud Lawsuit Over Its Digital Dividend

The e-commerce giant is hoping to persuade a judge in the Utah District Court to throw out a class-action securities fraud lawsuit relating to the firm's security token dividend and its effect on short sellers......»»

Category: forexSource: coindeskMay 14th, 2020

U.S. economy shrinks at 4.8% pace, signaling start of recession

The record-long U.S. economic expansion is over. Gross domestic product contracted at a 4.8% annualized rate in the January–March period, the largest drop since 2008, according to U.S. Commerce... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 30th, 2020

US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record

Fabian Strauch/picture alliance/Getty Images US gross domestic product fell at a 4.8% annualized rate in the first quarter, according to Commerce Department figures released Wednesday.  The report showed that the longest-ever economic expansion.....»»

Category: topSource: businessinsiderApr 29th, 2020