Now, billions of dollars are on the line. Twenty years ago, Michael Lewis, the Boswell of Wall Street, profiled a 15-year-old from New Jersey, Jonathan Lebed, who had been sanctioned … Wall Street's big bets against GameStop went sour when Reddit traders bet on the company's success instead. This past week, the two realities collided. No less than four hearings this month will take a deep dive into the underpinnings of an out of control Wall Street.. Updated 7:10 AM ET, Sat January 30, 2021 Inside the Reddit army that's crushing Wall Street. The kickoff begins this Thursday with the Committee’s third hearing on the wild trading action in shares of GameStop and other meme stocks. It didn’t say that it also entirely relies on Wall Street. By Joe Wallace and Chong Koh Ping U.S. stock futures dropped, putting Wall Street on course to extend losses amid investor concerns about a slowing economic rebound and froth in markets, exemplified by the wild trading in retailer GameStop. Story by Jon Sarlin, CNN Business Illustrations by Max Pepper and Will Mullery, CNN. GameStop stock-buying frenzy leads to gains for smaller investors, big losses for two Wall Street giants Gensler told lawmakers his agency is … Robinhood pitched itself to investors as the antithesis of Wall Street. The House Financial Services Committee is showing a decidedly gutsy streak under the Chairmanship of Congresswoman Maxine Waters. GameStop Corp. GME 1.82% said Chief Executive George Sherman will step down by July 31, the latest in a series of changes to the videogame retailer’s leadership team since Chewy Inc. … “This story is so much bigger than me,” Mr. Gill told The Wall Street Journal in his first interview since the unboxing this week of a volatile new stock-market game. GameStop House Hearing this Thursday Will Look at Cozy Relationship of Wall Street’s Oversight Bodies: SEC, DTCC and FINRA Archegos Unpacked: Equity Derivative Contracts Held by Federally-Insured Banks Have Exploded from $737 Billion to $4.197 Trillion Since the Crash of 2008 So while short sellers were betting it would go down, the Wall Street Bets community started buying GameStop shares, taking the other side of …
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