Category: Business
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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…
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For many years, investors in stocks have been able to see how volatile the market is expected to be by relying on a gauge called the CBOE Volatility Index, or VIX. This measure, often called the “fear gauge,” reads how much volatility investors are expecting based on option prices. Nothing…
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On November 15, 2017, the painting Salvator Mundi by Leonardo da Vinci sold for a $450,312,500, the highest price ever paid for a painting. It is currently believed to be aboard a yacht in the Red Sea owned by Saudi Crown Prince Mohammed bin Salman. We are used to sky…
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With the House about to approve another $1.9 trillion in stimulus, the final hurdle before the legislation is signed by President Biden, I found myself wondering what this means for shares in GameStop and other meme stocks. Those stocks took off big time in January, as personal income increased 10%…
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+ Business+ Day trading, Gamestop, Investing, Investment, Reddit, Robinhood, Stock Market, Stocks, Stonks, Wallstreetbets+
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GameStop shares are surging again today, even as the company is losing hundreds of millions of dollars a year. The stock is reacting to Chewy founder Ryan Cohen beginning a push to transform GameStop into an e-commerce business. But it still has 5,000 stores that were losing a fortune even…
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Elon Musk’s Tesla, Inc. has connected a massive battery to the Texas power grid: A Tesla subsidiary registered as Gambit Energy Storage LLC is quietly building a more than 100 megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston. A battery that size could…
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GameStop Corp. shares are surging today and are currently up over 30%: Chewy co-founder and GameStop board member Ryan Cohen is taking a bigger role, which is driving today’s gains: GameStop Corp. shares extended their rally after the company tapped Chewy.com founder Ryan Cohen to guide its transition to an…
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+ Business+ Gamestop, GME, Investing, Meme stocks, Reddit, Retail, Robinhood, Stock Market, Stocks, Wallstreetbets+
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Shortly after giving blood a week ago, I availed myself of the blood center’s free cookies and magazines. I flipped to an article about banking in poor, mostly black areas of the rural south: …the national banks discourage poorer—and less profitable—clients through minimum-balance requirements and fees. And in many small…
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+ Business+ African-American, Banks, Black, Discrimination, Finance, Immigration, Money, Personal finance, Rural, Unbanked+
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Tremendous 