WATCH: Robinhood CEO Tenev defends actions in GameStop saga at hearing
The GameStop episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics.
The ‘GameStop effect’ on Wall Street isn’t over
The tools smaller-pocketed investors employed can be used again and again, if those smaller investors stay connected on social media forums and if regulators don't change the rules to hinder them.
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How unconventional trading led to turmoil on Wall Street
In late January, a handful of unlikely Wall Street stocks began skyrocketing in value, which has led to big market volatility. The spike was driven by an unconventional group of traders who had banded together on a buying spree, determined…
It’s not just GameStop worrying Wall Street about a market bubble
Wall Street was always quick to justify recent record heights, even as the pandemic took its toll on people's health and the economy. But some of the market's recent, huge moves have become more difficult to explain.
GameStop’s stock is back to the races Friday, and the overall U.S. market is down again, as the saga that’s captivated and confused Wall Street ramps up the drama.
GameStop stock has rocketed from below $20 to more than $400 this month as a volunteer army of investors on social media challenged big institutions who has placed market bets that the stock would fall.
Part of Wednesday's market frenzy was not just a plunge due to the concerns over the pandemic. There's been major tumult in recent days as individual investors and young day traders upend the market and send prices of a few…
U.S. stocks are rallying to records Wednesday on encouraging earnings reports and continued optimism that new leadership in Washington will mean more support for the struggling economy.
The Dow Jones Industrial Average was swinging between gains and losses and was down 20 points, or 0.1%, at 31,020, as of 12:15 p.m. Eastern time, and the Nasdaq composite was 0.8% higher. All the major U.S. stock indexes set…
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