* Asian stock markets : https://tmsnrt.rs/2zpUAr4 * Asia markets down broadly, S&P futures pare losses * Apple, Facebook slip despite upbeat results * Talk of distressed selling by hedge funds as shorts squeezed * Dollar gets safe-haven bid as euro backtracks By Wayne Cole SYDNEY/NEW YORK , Jan 28 (Reuters) – Asian shares slid on Thursday while the safe-haven dollar rallied as a sudden sell-off on Wall Street and delays with coronavirus vaccines served as an excuse to book profits on recent hefty… Source link
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Bloomberg Hedge-Fund Titans Lose Billions to Reddit Traders Running Amok (Bloomberg) — For once, Main Street is beating Wall Street.In a matter of weeks, two hedge-fund legends — Steve Cohen and Dan Sundheim — have suffered bruising losses as amateur traders banded together to take on some of the world’s most sophisticated investors. In Cohen’s case, he and Ken Griffin ended up rushing to the aid of a third, Gabe Plotkin, whose firm was getting beaten down.Driven by the frenzied trading… Source link
Read More »GameStop Pops 51% After Citron Short Seller Debacle; Street Says Hold
TipRanks 3 Top Dividend Stocks With Growth Opportunity; Goldman Sachs Says ‘Buy’ Investing is all about finding profits, and investors have long seen two main paths toward that goal. Growth stocks, equities that will give a return based mainly on share price appreciation, are one route. The second route lies through dividend stocks. These are stocks that pay out a percentage of profits back to shareholders – a dividend, usually sent out quarterly. The payments vary widely, from less than… Source link
Read More »Google Pay Rockets Up To No. 1 Seller Overall
Share Tweet Share Share Share Email The Google Pay revamp, launched last month (Nov. 18), has catapulted the app to the top of the charts. The app quickly became No. 1 for finance on the Google Play App Store, the website Apptopia reported. By Dec. 9, it had skyrocketed to No. 1 overall, and has stayed there since. Beyond that, on Apple’s App Store, Google Pay hit No. 1 for the finance category by Dec. 16. Only four days later, it had gone to the top of the charts in the overall category…. Source link
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