Analysis: U.S. stock rally defies economic unease
As a stunning rebound in U.S. stocks charges on, investors are questioning how long the surge can continue in the face of a hawkish Federal Reserve, warnings of recession from the bond market and geopolitical uncertainty.
Here’s how the companies making headlines fared during Friday’s midday trade
Oil prices were expected to decrease for the second week in a row, but after unpredictable trading this week, they reached a floor of over $100 a barrel on Friday, with no obvious replacement for Russian barrels insight in a market already constrained by supply. After surging almost 9% on Thursday, Brent crude futures were […]
Cryptoverse: The young HODLers keeping bitcoin on an even keel
Bitcoin’s been known to freak out when Elon Musk tweets a broken-heart emoji. So why isn’t it flying off the handle as we seem to stand on the precipice of World War 3?
Meme stock hangover: a year after GameStop, traders face gloomier markets
The mood has shifted dramatically a year since a spectacular rally in shares of GameStop (GME.N) captivated Wall Street, launching a mania for so-called meme stocks and putting the spotlight on retail investors as a force to be reckoned with in markets.
Robinhood says it is in ‘strong position’ to face unlikely market events
Robinhood Markets Inc (HOOD.O) on Tuesday highlighted steps it has taken to avoid imposing trading restrictions and said it was in a “strong position” to support customers through unlikely market events, in a blog post published almost one year after a social-media-fueled rally that rattled markets.
Analysis: ‘Hands off’: Why some U.S. investors are pulling meme stocks from brokerages
Jose Castillo pulled his $60,000 worth of GameStop Corp (GME.N) shares from his brokerage last summer, even though he had no intention of selling them.
Pandemic have-a-go investors force shake-up in UK wealth market
The explosion in DIY investing since the start of the pandemic has led to a scramble among Britain’s more traditional asset managers and banks to buy or build online platforms that give consumers more direct control of their investment portfolios.
Reddit jumps on IPO bandwagon with confidential filing
Reddit Inc, whose message boards became the go-to destination for day traders during this year’s meme stock frenzy, said on Wednesday it had confidentially filed for an initial public offering with U.S. securities regulators.
Online trading group CMC plans expansion into wealth management
British online trading group CMC Markets (CMCX.L) on Thursday set out plans to launch a wealth management platform, going head to head with existing players such as Hargreaves (HRGV.L) and AJ Bell (AJBA.L), after reporting a doubling in annual profits.
GameStop gains as traders await quarterly report
GameStop’s (GME.N) stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares.
