wall-street
At the Robin Hood Foundation charity’s annual investors conference next month, Jay-Z plans to speak in front of some of Wall Street’s biggest executives. CNBC reports that organizers of the event say Jay-Z will address the executives in a speech that will cover his business moves, and will particularly focus on how he uses data […]
It was a good day for GameStop and an even better day for WallStreetBets. Shares of the video game retailer was priced at $91.71 at market close on Wednesday, marking a near 104 percent increase from the previous day. According to CNN Business, the spike occurred in the final hour of trading, prompting the New York Stock Exchange to halt […]
Say what you will about Reddit, it’s a hell of an organizing tool. The website has proven that time and time again this month. The first time came when it briefly put a hurting on hedge funds via an organized short squeeze on GameStop stock. The second time came during the Super Bowl, when Reddit let […]
HBO is working on a scripted film about GameStop and the recent mayhem it caused Wall Street. Per Variety, the film is focused on exploring “how a populist uprising of social media day traders beat Wall Street at their own game.” It will show how Reddit day traders sparked a stock market fire by using GameStop to […]
It seems that all we get out of Wall Street chaos is decent movies. The housing market collapse of 2008 changed little outside of Adam McKay’s Oscar shelf and it looks like this week’s big story will be heading in that same direction. The saga of retail investors pushing GameStop stock prices to the moon while putting the hurt […]
As GameStop experienced an unprecedented surge in its stocks, largely due to Reddit users rallying behind the near-bankrupt company, the entire event created a huge moment in the ongoing battle between hedge funds and individual investors. What came of it, besides Wall Street trying to silence common investors to keep their pockets safe, was a […]
GameStop, a company that was expected to close hundreds of stores in 2021, has made a stunning comeback in the stock market. And it’s all thanks to an army of Reddit users who were gutsy enough to take on big Wall Street. According to CNBC, GameStop’s share price went from under $20 at the beginning of the […]
Following 15 months of back-and-forth negotiations, Disney is finally set to acquire Fox at 12:02 a.m. on Tuesday Wednesday morning. The number that made things official was $71.3 billion (up from the original $52.4 billion offer), and the assets that are heading to Disney in the merger include: Fox’s film and TV studios, FX Networks, […]
Dollar Tree is set to shutter 390 Family Dollar stores this year and renovate 1,000 locations, the company announced on Wednesday, during the release of its fiscal fourth-quarter earnings, per CNBC. “We are confident we are taking the appropriate steps to reposition our Family Dollar brand for increasing profitability as business initiatives gain traction in […]
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