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Traders who gobbled up GameStop (GME) stock in the Reddit-user-fueled push to squeeze short sellers could end up on the defending side of enforcement action if officials can find out who they are and show they tried to manipulate or deceive the markets. Indeed, Fox Business Network’s Charlie Gasparino tweeted on Thursday that regulatory sources were telling him they would be looking at a market manipulation case related to GameStop trading. However, a successful case against those who caused… Source link

One of the top WNBA free agents is off the market. Versatile guard Aerial Powers has reached an agreement with the Minnesota Lynx, league sources told Yahoo Sports. Powers, 27, was playing at an All-Star level last season in the Florida bubble with the Washington Mystics, averaging career highs in points (16.3), rebounds (4.8) and field-goal percentage (46.4). A hamstring injury limited her to only six games, but it didn’t affect her stock as the five-year veteran had multiple suitors,… Source link

TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link

TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link

The Canadian Press Brokerages limit trading in GameStop, sparking outcry Robinhood and other retail brokerages are taking steps to tamp down the speculative frenzy surrounding companies such as GameStop, but the actions only sparked more volatility in the market and an outcry from users of the platforms and some members of Congress who say small investors are being treated unfairly. GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army… Source link

McDonald’s (MCD) on Thursday posted a fourth quarter profit that fell short of Wall Street expectations, but the fast food giant got a sales boost from the COVID-19 trends of menu innovation, takeout and mobile ordering. Here’s what the Chicago-based fast-food restaurant posted, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $5.31 billion versus $5.37 billion expected Adj. earnings per share (EPS): $1.70 versus $1.77 per share expected U.S…. Source link

Thursday, January 28, 2021 Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe A very partial recap of a bizarre day in financial markets. It’s hard to think of a more chaotic set of circumstances than what befell the stock market on Wednesday. The day’s main event was the continuing rally in highly-shorted stocks fueled by attention from Reddit — and by now, almost certainly accompanied by big money investors piling into the strangest trade in… Source link

(Bloomberg) — Tesla Inc. reported lower-than-expected profit and record revenue, mixed results that disappointed investors used to razzle-dazzle from the newly minted member of the S&P 500 Index. The electric-vehicle market leader reported an adjusted fourth-quarter profit of 80 cents a share Wednesday, falling short of analysts’ consensus for $1.03 and well below the blowout result a year earlier — before the global pandemic set in. The results marked a sixth straight profitable quarter… Source link

The NBA quiets down a bit Thursday with just four games on the schedule. One of the eight teams in action will have a limited depth chart because of players in the health and safety protocols, which makes for a bit of a tricky DFS slate. Let’s discuss some of the better options to consider, as well as a few players to potentially avoid. GUARDS Victor Oladipo, HOU vs. POR ($33): Oladipo has posted a couple of duds lately, scoring 23.9 and 24.5 Yahoo points, respectively, across his last two… Source link

People enter a GameStop store in Alhambra, California on January 27, 2021. Photo: FREDERIC J. BROWN/AFP via Getty Images European stock markets opened lower on Thursday, as a sell-off on Wall Street overnight prompted weakness in equity markets globally. The Dow Jones (^DJI) closed down 2% on Wednesday, its biggest one-day fall since October. The slump came after a downbeat assessment of the economy from the US Federal Reserve and amid a highly unusual battle between retail investors and hedge… Source link