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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.”.....»»
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.....»»
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......»»
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......»»
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 .....»»
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......»»
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......»»
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......»»
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......»»
: 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......»»
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 .....»»
: 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......»»
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......»»
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.....»»
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......»»
Apple loses copyright battle against security start-up Corellium
Apple lost its copyright lawsuit against Corell.....»»
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.....»»
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......»»
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......»»
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.....»»