Tag Archives: retail

One month after GameStop (GME) shares surged to record levels due to Reddit-fueled trading, Wall Street, online brokerage Robinhood and Reddit are facing probes by the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and both chambers of Congress. During GameStop’s two-week meteoric rise, the S&P 500 dropped a whopping 5% from peak to trough. Wall Street felt the full brunt of the chaos. Hedge funds endured a gut-wrenching de-risking event comparable to the global… Source link

TipRanks 3 ‘Strong Buy’ Stocks With 8% Dividend Yield Let’s talk portfolio defense. After last week’s social flash mob market manipulation, that’s a topic that should not be ignored. Now, this is not to say that the markets are collapsing. After 2% losses to close out last week’s Friday session, this week’s trading kicked off with a positive tone, as the S&P 500 rose 1.5% and the Nasdaq climbed 2.5%. The underlying bullish factors – a more stable political scene, steadily… 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

(Bloomberg) — India’s day traders are strapping in for the GameStop Corp. ride that’s taken equity markets by storm. The videogame retailer was among the five most-traded names over the past week on Stockal, a platform for Indian retail investors to trade U.S. equities. GameStop accounted for about 15% of all trades on the platform, co-founder and co-chief executive officer Sitashwa Srivastava said in an interview. “We were not expecting Indians would be on Reddit, reading about… Source link

Gamestop shares are set to rally 70% this morning when trading starts, and AMC shares opened up 300%, extending a run that has perplexed market observers, irked hedge funds, and generally made crypto’s recent gains appear soft and weak. Being a retail trader is mostly being a sucker, hoping to best the markets while lacking the infrastructure, access, and information that professionals enjoy. Hell, most professional fund managers that regular folks can invest in fail to beat the market…. Source link

MIAMI, Jan. 13, 2021 /PRNewswire/ — Mi9 Retail, the number one vendor for tier one retailers (RIS 2021 Software LeaderBoard) that enables them to automate and optimize merchandise management and retail planning, along with its new brand, ThryveAI, which provides an industry-leading online grocery solution, today announced they are showcasing their latest innovations at Google Cloud’s Partner Pavilion during NRF’s Virtual Expo.  As a true end-to-end retail suite that empowers retailers… Source link

Mike Blake/Reuters “Shark Tank” star Kevin O’Leary underscored the value of investing, spoke about shorting Yahoo!, and predicted the pandemic will transform retail forever on the “Industry Focus” podcast. O’Leary also discussed the risks of venture investing, the dearth of financial literacy in the US, and how Warren Buffett’s business partner, Charlie Munger, has shaped his investing approach. Here are O’Leary’s 16 best quotes from the interview. Visit Business Insider’s… Source link