Biden’s Picks for Financial Regulator Jobs Emphasize Transparency and Fairness

Nominees to lead the Securities and Exchange Commission and the Consumer Financial Protection Bureau faced questions about the limits of their power but said they wouldn’t shy from flexing it.

#banking-and-financial-institutions, #chopra-rohit, #consumer-financial-protection-bureau, #consumer-protection, #gensler-gary-s, #regulation-and-deregulation-of-industry, #securities-and-exchange-commission, #senate-committee-on-banking, #stocks-and-bonds, #united-states-politics-and-government

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WeWork’s Path to Markets Is Cleared as Co-Founder and SoftBank Settle Suit

Adam Neumann was said to be selling $480 million of his shares to the Japanese conglomerate, which aims to take WeWork public.

#co-working, #initial-public-offerings, #neumann-adam, #softbank-corporation, #stocks-and-bonds, #suits-and-litigation-civil, #wework-companies-inc

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Companies Say They Care About the Climate. Their Actions Fall Short.

Many big businesses have not set targets for reducing greenhouse gas emissions. Others have weak goals.

#alternative-and-renewable-energy, #blackrock-inc, #boards-of-directors, #brazil, #carbon-dioxide, #carbon-disclosure-project-cdp, #cargill-inc, #corporations, #electric-light-and-power, #fuel-emissions-transportation, #global-warming, #google-inc, #greenhouse-gas-emissions, #institutional-shareholder-services-inc, #levi-straussco, #microsoft-corp, #standardpoors-500-stock-index, #stocks-and-bonds, #united-states

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In GameStop Saga, Robinhood Is Cast as the Villain

Lawmakers at a congressional hearing kept coming back to the chief of the stock-trading app with pointed questions and a key argument: “Something very wrong happened here.”

#banking-and-financial-institutions, #citadel-investment-group, #computer-and-video-games, #gamestop-corporation, #house-financial-services-committee, #house-of-representatives, #melvin-capital-management-lp, #robinhood-financial-llc, #stocks-and-bonds, #tenev-vladimir, #united-states-politics-and-government, #waters-maxine

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Why SPACs Could Leave Investors in the Cold

Known as SPACs, these shell companies allow businesses to sell shares to the public with different disclosure than usual. What could go wrong?

#ackman-william-a, #banking-and-financial-institutions, #initial-public-offerings, #mergers-acquisitions-and-divestitures, #spac-special-purpose-acquisition-company, #stocks-and-bonds, #venture-capital

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Do Fed Policies Fuel Bubbles? Some See GameStop as a Red Flag

Analysts warn that low-interest rates are promoting speculative bubbles. The Fed itself has downplayed the possibility that it’s behind asset prices.

#banking-and-financial-institutions, #coronavirus-2019-ncov, #federal-reserve-system, #gamestop-corporation, #interest-rates, #powell-jerome-h, #reddit-inc, #stocks-and-bonds, #united-states-economy

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Reddit, the Talk of the Internet, Raises $250 Million

The start-up, which was at the center of a recent stock market frenzy, was valued at $6 billion in the new funding round.

#advertising-and-marketing, #huffman-steve-1983, #online-advertising, #reddit-inc, #rumors-and-misinformation, #social-media, #start-ups, #stocks-and-bonds, #super-bowl, #venture-capital

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Reddit’s 5-Second Ad Was an Unlikely Super Bowl Winner

Other companies spent millions on ambitious commercials made for advertising’s biggest day. Reddit’s blip of an ad, made in under a week, connected.

#advertising-and-marketing, #gamestop-corporation, #online-advertising, #r-ga, #reddit-inc, #social-media, #stocks-and-bonds, #super-bowl, #television

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Wall Street’s Most Reviled Investors Worry About Their Fate

Short sellers — self-described financial detectives who make money when companies fail — were already worried about their success and safety. Then GameStop happened.

#enron-corp, #gamestop-corporation, #hedge-funds, #point72-asset-management-lp, #reddit-inc, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #securities-and-exchange-commission, #short-selling, #social-media, #stocks-and-bonds

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The Hopes That Rose and Fell With GameStop

Fueled by amateur traders and online enthusiasm, the struggling retailer’s shares took investors on a ride like no other. For them, it ended in different ways, including apathy, defiance and regret.

#amc-entertainment-holding-inc, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #stocks-and-bonds

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Quest for Hollywood Fame Splits Redditors at Heart of Market Frenzy

The moderators of the Reddit message board WallStreetBets battled over movie deals after their sudden fame with the GameStop mania.

#computers-and-the-internet, #gamestop-corporation, #movies, #reddit-inc, #social-media, #stocks-and-bonds, #wallstreetbets

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Pumps and Dumps and Chumps

Please, stop falling for fake populism.

#computer-and-video-games, #gamestop-corporation, #hedge-funds, #reddit-inc, #short-selling, #social-media, #stocks-and-bonds

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How to Win at the Stock Market by Being Lazy

The drama of GameStop is misleading; the surer path to wealth is extremely boring.

#content-type-service, #gamestop-corporation, #mutual-funds, #personal-finances, #savings, #stocks-and-bonds, #vanguard-group-inc

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Are GameStop’s ‘Degenerates’ Just Getting Started?

They may have lost their bet. But they haven’t lost their political power.

#banking-and-financial-institutions, #gamestop-corporation, #gill-keith-1986, #hedge-funds, #reddit-inc, #stocks-and-bonds

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Why GameStop Reminds Mark Cuban of the ’90s

The billionaire says the current stock market is reminiscent of the first dot-com boom. “Everybody’s a genius in a bull market — until they’re not.”

#cuba, #cuban-mark, #gamestop-corporation, #icahn-carl-c, #reddit-inc, #shark-tank-tv-program, #stocks-and-bonds, #yahoo-inc

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A GameStop Evangelist’s Videos Draw a Regulator’s Attention

Keith Gill was an early endorser of GameStop on his YouTube channel. But a regulator in Massachusetts wants to know about his day job.

#gamestop-corporation, #gill-keith-1986, #massachusetts-mutual-life-insurance-co, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #stocks-and-bonds

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A GameStop Ringleader’s Videos Draw a Regulator’s Attention

Keith Gill was an early endorser of GameStop on his YouTube channel. But a regulator in Massachusetts wants to know about his day job.

#gamestop-corporation, #gill-keith-1986, #massachusetts-mutual-life-insurance-co, #regulation-and-deregulation-of-industry, #securities-and-commodities-violations, #stocks-and-bonds

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Can We Please Stop Talking About Stocks, Please?

The stock market isn’t the economy, but that’s hard to remember in a bubble.

#dow-jones-stock-average, #gamestop-corporation, #income-inequality, #nasdaq-composite-index, #reddit-inc, #social-media, #stocks-and-bonds, #united-states-economy

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Plunging GameStop Shares Test the Will of Investors to Stick With the Ride

After a crazy run-up, the price dropped 72 percent over two days, putting it just 18 percent higher than it was at the start of last week.

#cuban-mark, #gamestop-corporation, #hedge-funds, #stocks-and-bonds

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Robinhood’s C.E.O., Vlad Tenev, Is in the Hot Seat

Vlad Tenev has incited the fury of the trading app’s fans amid a stock market frenzy. His lack of preparedness on nuts-and-bolts issues was part of a pattern, former employees and analysts said.

#banking-and-financial-institutions, #bhatt-baiju, #computer-and-video-games, #computers-and-the-internet, #customer-relations, #financial-brokers, #gamestop-corporation, #millennial-generation, #mobile-applications, #robinhood-financial-llc, #social-media, #start-ups, #stocks-and-bonds, #tenev-vladimir

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Here’s Six Ideas to Fix the Market

Six ideas for making the markets more fair and trustworthy.

#financial-brokers, #gamestop-corporation, #robinhood-financial-llc, #stocks-and-bonds

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Robinhood, Under the Gun, Raises $2.4 Billion

The high volume of trading by its customers, many of them egged on by social media, has put a strain on the company’s balance sheet.

#banking-and-financial-institutions, #depository-trust-and-clearing-corporation, #fidelity-investments, #gamestop-corporation, #hedge-funds, #sequoia-capital, #stocks-and-bonds, #tenev-vladimir, #venture-capital

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What Is GameStop, the Company, Really Worth? Does It Matter?

The frenzy for the troubled retailer’s stock has been a headscratcher for the analysts who try to determine a company’s value.

#company-reports, #computer-and-video-games, #computers-and-the-internet, #coronavirus-2019-ncov, #e-commerce, #gamestop-corporation, #prices-fares-fees-and-rates, #shopping-and-retail, #short-selling, #stocks-and-bonds, #united-states

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Why Tackling Gamestop’s Wild Stock Rise Will be a Challenge for Gensler

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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The GameStop Rebellion

What began as a story about Reddit versus Wall Street has since revealed itself to be something larger. We have an explanation of what happened and what it means.

#computer-and-video-games, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #shopping-and-retail, #social-media, #stocks-and-bonds

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Reddit C.E.O. on GameStop and the Forum Shaking Up Wall Street

Steve Huffman on the subreddit causing chaos on Wall Street.

#gamestop-corporation, #huffman-steve-1983, #reddit-inc, #stocks-and-bonds

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Gensler Faces Big Challenge in Tackling GameStop’s Wild Ride

There is broad agreement that the capital markets have been distorted but less consensus on what, if anything, the S.E.C. should do about it.

#banking-and-financial-institutions, #commodity-futures-trading-commission, #content-type-service, #futures-and-options-trading, #gamestop-corporation, #gensler-gary-s, #hedge-funds, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #stocks-and-bonds

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How the Stock Market’s Relentless Rise Saved Companies

When the pandemic hit, banks cut credit to businesses that suddenly looked risky. Investors happily stepped in, buying their stocks and bonds.

#amc-entertainment-holding-inc, #banking-and-financial-institutions, #carnival-corporation, #coronavirus-2019-ncov, #credit-and-debt, #dennys-inc, #royal-caribbean-cruises-ltd, #stocks-and-bonds, #united-airlines

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Melvin Capital, Squeezed by Its Bets Against GameStop, Lost 53 Percent in January

A principal reason for the hit to Melvin Capital’s monthly performance were the massive losses the firm suffered when small investors bid up the stock of GameStop.

#citadel-investment-group, #cohen-steven-a, #gamestop-corporation, #hedge-funds, #point72-asset-management-lp, #stocks-and-bonds

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A 10-Year-Old GameStop Investor Cashed In. His Return? Over 5,000%

Jaydyn Carr of San Antonio made $3,200 on shares from GameStop this week that his mother bought him in 2019 for about $60.

#gamestop-corporation, #personal-finances, #shopping-and-retail, #stocks-and-bonds

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You Made Money on GameStop. Here’s What You Need to Know About Taxes.

Some investors may have notched tens of thousands of dollars in profits. Depending on when they sell the stock, they may owe hefty capital gains taxes.

#capital-gains-tax, #federal-taxes-us, #gamestop-corporation, #income-tax, #personal-finances, #robinhood-financial-llc, #stocks-and-bonds, #tax-preparers-and-preparation

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The Silicon Valley Start-Up That Caused Wall Street Chaos

Robinhood pitched itself to investors as the antithesis of Wall Street. It didn’t say that it also entirely relies on Wall Street. This past week, the two realities collided.

#banking-and-financial-institutions, #charles-schwab-corporation, #e-trade-financial-corporation, #fidelity-investments, #financial-brokers, #futures-and-options-trading, #gamestop-corporation, #jpmorgan-chasecompany, #mobile-applications, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #securities-and-exchange-commission, #silicon-valley-calif, #stocks-and-bonds, #td-ameritrade-holding-corp, #venture-capital

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Everything’s a Joke Until It’s Not

Reddit communities grow powerful in plain sight. Why do they keep taking the world by surprise?

#4chan, #finances, #gamestop-corporation, #reddit-inc, #stocks-and-bonds

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The Stock Traders of Reddit and TikTok

They are young, they are fearless and they are forcing everyone to pay attention.

#financial-brokers, #gamestop-corporation, #generation-z, #reddit-inc, #robinhood-financial-llc, #social-media, #stocks-and-bonds

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Elon Musk, GameStop and the C.E.O. as Internet Troll

The billionaire Mr. Musk has inserted himself into the confounding stock market drama and solidified his role as the ultimate insider outsider.

#content-type-personal-profile, #gamestop-corporation, #high-net-worth-individuals, #musk-elon, #reddit-inc, #short-selling, #social-media, #stocks-and-bonds, #tesla-motors-inc, #twitter

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GameStop and Investing for the Long Run

Signs of irrational exuberance abound. Stay sober and invest for the long run, our columnist says.

#banking-and-financial-institutions, #blockbuster-inc, #charles-schwab-corporation, #facebook-inc, #financial-brokers, #gamestop-corporation, #hedge-funds, #long-term-capital-management-lp, #stocks-and-bonds

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The ‘Roaring Kitty’ Rally: How a Reddit User and His Friends Roiled the Markets

A Massachusetts man who goes by “Roaring Kitty” on social media helped fuel the frenzy around GameStop. His $53,000 investment in the company briefly reached $48 million in value.

#computer-and-video-games, #computers-and-the-internet, #gamestop-corporation, #hedge-funds, #reddit-inc, #robinhood-financial-llc, #short-selling, #social-media, #stocks-and-bonds, #video-recordings-downloads-and-streaming

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Robinhood, in Need of Cash, Raises $1 Billion From Its Investors

The no-fee trading app, which is popular with young investors, has been strained by the high volume of trading this week in stocks such as GameStop.

#computers-and-the-internet, #hedge-funds, #initial-public-offerings, #mobile-applications, #robinhood-financial-llc, #start-ups, #stocks-and-bonds, #venture-capital

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GameStop Rally Stalls as Robinhood and Others Set Limits

Small investors accused one trading platform of being “dishonest” and “pandering to the elite” as new restrictions on some stock trades spurred a calmer day in the markets.

#banking-and-financial-institutions, #computers-and-the-internet, #financial-brokers, #gamestop-corporation, #regulation-and-deregulation-of-industry, #robinhood-financial-llc, #stocks-and-bonds

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The GameStop Reckoning Was a Long Time Coming

This week, gleeful online hordes turned the stock market upside down. This shouldn’t come as a surprise.

#banking-and-financial-institutions, #computers-and-the-internet, #demonstrations-protests-and-riots, #financial-brokers, #gamestop-corporation, #reddit-inc, #robinhood-financial-llc, #stocks-and-bonds

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4 Things to Know About the GameStop Insanity

It’s been a weird few days in the stock market, where a video game retailer has suddenly become the center of attention.

#citron-research, #financial-brokers, #gamestop-corporation, #reddit-inc, #stocks-and-bonds

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GameStop Stock Trading: 4 Things to Know

It’s been a weird few days in the stock market, where a video game retailer has suddenly become the center of attention.

#amc-entertainment-holding-inc, #citron-research, #e-trade-financial-corporation, #financial-brokers, #gamestop-corporation, #reddit-inc, #stocks-and-bonds

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GameStop Stock Soars as Reddit Investors Take On Wall St.

GameStop shares have soared 1,700 percent as millions of small investors, egged on by social media, employ a classic Wall Street tactic to put the squeeze — on Wall Street.

#financial-brokers, #gamestop-corporation, #hedge-funds, #reddit-inc, #securities-and-commodities-violations, #short-selling, #social-media, #stocks-and-bonds

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GameStop’s Stock Rises, Spurred on By Reddit Message Board

GameStop’s market capitalization is now more than $10 billion, thanks to an army of small traders spurred on by a Reddit message board

#gamestop-corporation, #stocks-and-bonds, #venture-capital

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Who Owns Stocks? Explaining the Rise in Inequality During the Pandemic

Bad economies usually hurt both workers and investors. Only the first part has been true this time.

#black-people, #coronavirus-2019-ncov, #high-net-worth-individuals, #income-inequality, #labor-and-jobs, #recession-and-depression, #stocks-and-bonds, #united-states-economy

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BlackRock’s Larry Fink Sets a Bolder Climate Goal in Annual Letter

Larry Fink is using his firm’s huge influence to pressure companies to eliminate greenhouse gas emissions by 2050.

#blackrock-inc, #carbon-caps-and-emissions-trading-programs, #corporate-social-responsibility, #fink-laurence-d, #global-warming, #greenhouse-gas-emissions, #income-inequality, #stocks-and-bonds

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For Sale: Souvenirs of Capitalism’s Failures

A bustling market for souvenirs of Lehman Brothers, Enron, and other casualties of the system.

#banking-and-financial-institutions, #capitalism-theory-and-philosophy, #collectors-and-collections, #memorabilia-and-souvenirs, #stocks-and-bonds

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How Options Trading Could Be Fueling a Stock Market Bubble

A swell of individual investors are betting that stocks will go up. That enthusiasm is having a growing influence over the regular stock market itself.

#computers-and-the-internet, #standardpoors-500-stock-index, #stock-options-and-purchase-plans, #stocks-and-bonds

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Is Rivian the Next Tesla? Investors Bet Big on Electric Truck Maker

Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.

#amazon-com-inc, #automobiles, #electric-and-hybrid-vehicles, #factories-and-manufacturing, #ford-motor-co, #michigan, #rivian-automotive-llc, #scaringe-r-j, #sports-utility-vehicles-and-light-trucks, #start-ups, #stocks-and-bonds, #tesla-motors-inc, #united-states, #venture-capital

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How to Invest in a Pandemic, Political Crisis and Possible Bubble

Despite awful obstacles, the stock market has performed remarkably well. But is it setting itself up for a fall?

#asset-allocation-personal-finances, #coronavirus-2019-ncov, #presidential-transition-us, #standardpoors-500-stock-index, #stocks-and-bonds

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