The GameStop saga (GME) “is a roller coaster ride that just won’t stop,” says Jacob S. Frenkel, Dickinson Wright Chair and former senior counsel in the Securities and Exchange Commission’s division of enforcement. Frenkel told Yahoo Finance Live that “the SEC should have used its trading suspension authority,” even if it was an aggressive approach, several days ago. “GameStop blew through New York Stock Exchange circuit breakers 10 times over 2 trading days,” he said. “So… Source link

“Are you running the numbers?” This is what Bitcoin Core developer Andrew Chow is trying to find out in a new survey.  Sponsored by a grant from MIT’s Digital Currency Initiative, Chow crafted the survey “to get answers from people who are not current users” about why they don’t run a Bitcoin Core full node, the wallet software which simultaneously keeps a record of Bitcoin’s transaction history and connects users to other peers in the network. Related: Market Wrap: Bitcoin Bumps… Source link

Robinhood, Interactive Brokers, Webull, and others shut down the buying feature for GameStop (GME) stock Thursday, drawing bipartisan attacks from politicians as well as criticism from customers who wanted the same freedom to trade as hedge funds betting the stock would fall. The animus was especially pronounced towards Robinhood, due to its mission of “democratizing finance,” which users accused it of abandoning. According to former SEC chief economist and Tepper School of Business… Source link

There’s no doubt in Macklemore’s mind that rehab saved his life. “If it wasn’t for my pops having the 10 or 12 [thousand dollars] that it was when I first went to treatment and [his ability] to spend that on me, I’d be f****** dead,” the rapper told Talib Kweli on Thursday’s episode of Kweli’s podcast, People’s Party. “I wouldn’t be here right now. That’s not to be f****** dramatic, that’s just what it is. I was about to die.” Macklemore has been open about his… Source link

TipRanks Time to Turn Bullish on These 2 Oil Stocks, Says Raymond James We are entering a new paradigm for the oil and gas industry, one far removed from the Trump Presidency’s pro-drilling policies. The Biden Admin is likely to cut back on oil and gas production in the US, in favor of promoting renewable energy sources and carbon pollution reduction. In the short run, his policies are likely to push oil and gas prices up – and that may turn out to help the hydrocarbon sector, at least at… Source link

The battle between amateur investors and the financial establishment has transfixed Wall Street and Washington this week around GameStop (GME), which has seen its stock price swing wildly and had trading of its stock restricted by online brokerage Robinhood. Other than Robinhood itself, perhaps the one thing less popular in Washington this week has been short sellers and the hedge funds that usually employ them, which had, until recently, been making money by betting against the struggling… Source link

Houston Texans general manager Nick Caserio will not honor quarterback Deshaun Watson’s trade request. Caserio said Friday the team has “zero interest” in dealing Watson, according to Ian Rapoport of NFL Network. Caserio, who was hired in January, said the Texans have a “great plan and vision” for Watson. #Texans GM Nick Caserio: “I just want to reiteraten our commitment to Deshaun Watson. … We have zero interest in trading the player. We have a great plan and vision for him. We… Source link

In June of 1999, Sequoia Capital and Kleiner Perkins invested $25 million into an early-stage company developing a new search engine called Google, paving the way for a revolution in how knowledge online was organized and shared. Now, Sequoia Capital is placing another bet on a different kind of search engine, one for physical objects in three dimensions, just as the introduction of three-dimensional sensing technologies on consumer phones are poised to create a revolution in spatial… Source link

Former U.S. Acting Attorney General Matt Whitaker discusses facebook shutting down a popular stock trading group. Google is helping clean up negative reviews of trading app Robinhood on Google Play after the platform came under fire for restricting some trading, reports show. Reviews on Robinhood’s app had a one-out-of-five star rating and nearly 275,000 reviews on Google Play on Thursday after the platform initially restricted trading for some securities including GameStop, Bed Bed &… Source link

Reuters Arians opens up on decision to take swing at Brady One year ago at this time, the Tampa Bay Buccaneers knew they were at a quarterback crossroads. With former No. 1 overall pick Jameis Winston ending his fifth season with the NFL’s first-ever 30-30 season (33 touchdown passes, and NFL-high 30 interceptions) and the 7-9 Bucs missing the playoffs for the 12th straight season, it was time for a major move. And according to head coach Bruce Arians, once six-time Super Bowl champion Tom… Source link