Published: Feb 15, 2021
The Biden administration is sending a clear signal to Wall Street that the industry's Washington cops are back on the beat. Regulators and federal prosecutors are probing potential misconduct in the GameStop trading frenzy, as the Securities and Exchange Commission moves to restore harsher penalties on wrongdoers.
Published: Feb 09, 2021
Last month's GameStop trading mania was sparked by members of a popular Reddit investing community who said they hoped to strike back at the Wall Street elites who had long dismissed them as dumb money. But growing evidence casts doubt on the idea that the episode mostly benefited small-time investors.
Published: Feb 01, 2021
Silver futures surged more than 9 percent Monday as online investor communities adapted their GameStop playbook to the precious metal markets, a strategy that sent shorted companies soaring last week and battered the Wall Street hedge funds that had bet against those stocks.
Published: Jan 28, 2021
Shares of video game retailer GameStop and movie theater giant AMC Entertainment soared to astronomical levels Wednesday as an apparent swarm of ordinary investors, spurred by a Reddit message board, took on big Wall Street funds that had bet the stock prices would fall.
Published: Jan 26, 2021
GameStop shares spiked more than 140% Monday, forcing several trading pauses and extending a staggering rally sparked by the passions of retail investors on social media betting against the institutional wisdom of Wall Street.