Category: Business
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Short sellers are abandoning their positions as the market reaches new highs: Short interest in U.S. stocks fell to just 2.95% by the end of February, S&P Global Market Intelligence says. That’s down 45 basis points from the short interest level at the end of 2020 when it was 3.4%.…
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+ Business+ Finance, Gamestop, Investing, Meme stocks, Reddit, Short sellers, Stock Market, Stocks, Wallstreetbets+
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At 10am Eastern time today, Congress will be having its second hearing about the frenzy in GameStop Corp. shares that sent the stock up 1700% in January. This hearing is unlikely to affect the price of the stock much. Rather, it will dig into whether or not the trading system…
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I got an interesting message in my e-mail this morning. The NPR Planet Money newsletter reviewed the prior nearly ten years in legal marijuana in some states, and came to some interesting conclusions: What’s changed: More marijuana use Way more jobs Way more tax revenue. California makes over $600 million…
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GameStop Corp. soared in January as short sellers were squeezed by a legion of buyers from Reddit’s Wallstreetbets. The shorts had to buy in order to close out their positions and stanch the bleeding, driving the stock even higher. It seems they’ve learned their lesson. Short selling of GameStop shares…
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Call options covering four million shares in GameStop Corp. expired on Friday, and the stock dropped right on cue: A call option gives you the right to buy a stock at X price. For the market maker to be able to sell you that option without risking going broke, they…
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+ Business+ Day trading, Gamestop, GME, Investing, Investment, Meme stocks, Reddit, Stock Market, Stocks, Wallstreetbets+
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Someone owns $2.1 billion worth of dogecoin. And no one knows who it is: Records show that a person, or entity, owns about 28% of all of the cryptocurrency in circulation—a stake worth about $2.1 billion at current prices. The holder’s identity isn’t known, which is common in the opaque…
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GameStop shares have been on a wild ride in recent days, mostly upward: Much of this is driven by a new turnaround plan by GameStop board member and Chewy founder Ryan Cohen, who aims to turn GameStop into an online-first retailer. But if this is such a game changer for…
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Ten years ago, when bitcoin was worth only $5 each, cryptocurrency proponent Max Keiser gave conspiracy theorist Alex Jones a laptop. It contained 10,000 bitcoin, which would now be worth over $500 million. That laptop has gone missing: Alex Jones, the founder of the right-wing media group Infowars, has revealed…
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+ Alex Jones, Bitcoin, Blockchain, Crypto, Cryptocurrencies, Cryptocurrency, Ethereum, Infowars, Investing+
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The US government is selling its bitcoin…all $38,000 worth: Tucked away among the Ford, Dodge and Chevy sedans, the 12,000-gallon storage container and the inoperable Caterpillar tractor being auctioned off by the U.S. government is an unusual item: 0.7501 of a Bitcoin. The federal government did not reveal the source…
Tremendous 