Henry Sanderson The price of silver rose by 4 per cent on Friday, a day after a user on Reddit’s WallStreetBets forum urged people to buy shares in a leading silver exchange-traded fund to create a “short squeeze” in the market. The price of silver rose to $27.4 an ounce in morning trading, following a
Month: January 2021
The Reddit forum WallStreetBets on a smartphone arranged in Sydney, Australia, on Thursday, Jan. 28, 2021. Brent Lewin | Bloomberg | Getty Images What’s next for the Reddit crowd? Wall Street seems unsure. The “blow-out-the-short-sellers game” is showing signs of exhaustion, but the ramifications are only just being felt. What traders can’t agree on is what
GameStop’s shares have been caught up in stock-market insanity this month.Alex Kraus/Bloomberg I’m an indexer and have been one for more than three decades. I put my clients in the most low-cost and diversified index funds around. No attempts to beat the market with such strategies as Smart Beta. It’s precisely because I’m known for
When the decentralized finance sector exploded in summer 2020, it was an eye-opening moment that showed crypto’s actual capabilities to revolutionize finance. However, the boom also exposed a lot of vulnerabilities of the Ethereum network, which most DeFi projects are built upon. The most serious ones included high gas costs and low scalability. A bull
The pandemic misaligned those expectations for a while but now, a year later, we are once again at a … [+] moment of equilibrium in which deal flow is accelerating across New York City. getty New York buyers are feeling shocked to discover that half the properties they saw last week have accepted offers. Sellers,
A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC, November 19, 2020. Saul Loeb | AFP | Getty Images Homebuyers signed fewer contracts to buy existing homes in December, as record high prices and record low supply stood in the way of strong demand. The pending home
PRESS RELEASE. PARSIQ, a blockchain monitoring and workflow automation platform connecting on-chain and off-chain applications in real-time, announced that its PRQ token is now listed on OKEx with USDT base pair. Please take note of the following go-live schedule: PRQ Deposit : 07:00am January 28, 2021 (UTC) PRQ Spot Trading : PRQ /USDT: 10:00am January
Members of the Ohio Retired Teachers Association are hoping a forensic investigation of the State … [+] Teachers Retirement System by an independent expert will provide assurance that the pension system is being managed properly and that the investments are being reported accurately. getty After a 3-month campaign of collecting donations from retired and active
The age-old dynamic of state border wars takes on a new twist with workplace technology and a global health crisis spur an intriguing case that the U.S. Supreme Court could decide. Legal, revenue and municipal credit ramifications could extend far and wide. Is the state border a barrier to taxing the incomes of employees of
Bloomberg Reddit Crew May Find Commodities Harder After Roiling Silver (Bloomberg) — Signs that the silver market was about to get hit by a GameStop-style short squeeze emerged Wednesday.That’s when comments began appearing on the Reddit forum r/wallstreetbets — the investor board now famous for tripling the video game company’s shares this week. People started
Blinded by greed, many so-called gold & silver “advocates” think they can end the manipulation by feeding the Beast. It doesn’t work that way… (by Half Dollar) I think the Cartel is about to take silver behind the woodshed, and, by extension, take some otherwise smart people to the cleaners. That is to say, otherwise
Academy Sports and Outdoors announced that it is offering to sell 12 million shares of its common stock at $21.50 per share. Shares dropped 4.6% to $21.07 on Jan. 28. Proceeds from the secondary offering, which is expected to close on Feb. 1, will only be received by selling stockholders. Academy Sports (ASO) is not selling
Take a look at some of the biggest movers in the premarket: Biogen (BIIB) – The drugmaker’s shares jumped nearly 12% premarket on news that the Food and Drug Administration has extended the review period by three months for its experimental Alzheimer’s treatment aducanumab. Biogen is providing additional data to the FDA as part of
by Michael Snyder For decades, the big fish on Wall Street have been able to do virtually anything that they want, but now the small fish are fighting back and it has been a beautiful thing to watch. Finally it is payback time, and the losses have been absolutely staggering. In fact, Reuters is reporting that short
Visionary entrepreneur Elon Musk is the co-founder of PayPal (PYPL) and Tesla Motors (TSLA) as well as the founder of SpaceX. His astounding success has given rise to comparisons of Musk and Steve Jobs, Howard Hughes, Henry Ford, and Bill Gates. Amid an often difficult childhood, Musk developed a relentless work ethic (he is known to work
Interactive Brokers chairman Thomas Peterffy said the broker’s move to curb trading in speculative names was to safeguard the market and the clearing firms that settle the trades. “We are worried about the integrity of the marketplace and the clearing system,” Peterffy said on CNBC’s “Closing Bell” on Thursday. On Thursday, Interactive Brokers put option
The French and Spanish economies both fared better than expected in the final quarter of last year, despite the resurgence of the coronavirus pandemic and restrictions to contain it that weighed on consumer and business activity across Europe. The French economy shrank 1.3 per cent in the fourth quarter from the previous three months, leading
Boohoo said it had entered exclusive talks with Arcadia’s administrators over the acquisition of Burton, Dorothy Perkins and Wallis, a deal that would threaten thousands of jobs and could mark the final stage in the break-up of Philip Green’s once-mighty fashion empire. In a brief statement just days after Boohoo confirmed the acquisition of the
At this time last year, CI Financial hadn’t set foot in the U.S. RIA industry. Yet, by the end of 2020, the company had outpaced Hightower Advisors and Focus Financial as the industry’s fastest-growing RIA consolidator, according to quarterly data by Echelon Partners. The Toronto-based wealth and asset manager, which announced its 14th RIA acquisition
When the richest man in the world Elon Musk updated his Twitter bio on Jan. 29 — simply adding the word ‘Bitcoin’ — it was followed by a near-immediate 13% increase to the Bitcoin (BTC) spot price. Musk’s bio appeared to be updated on Friday morning, and was followed by a cryptic tweet that referred
Masayoshi Son, chairman and CEO of SoftBank Group, pictured this month. (Photo by Alessandro Di Ciommo/NurPhoto via Getty Images) NurPhoto via Getty Images If all else fails, there is always a SPAC. WeWork, the coworking business that attempted—and failed—to go public in 2019, could soon reach that milestone via a special purpose acquisition company, according
In collaboration with Bulgarian authorities, the U.S. Department of Justice (DOJ) disrupted a well-known ransomware gang’s infrastructure. Law enforcement seized their servers and traced the illicit funds with the help of blockchain forensic analytics via Chainalysis. US Authorities Seized Over $454,000 Worth of Cryptocurrencies Per the U.S. Department of Justice’s announcement, the coordinated action took
Economic Security Planning, Inc. Today’s column addresses questions about spousal benefit rates after taking early retirement benefits, when the Windfall Elimination Provision (WEP) reductions are applied and potential filing options after a divorce. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
Florida Gov. Ron DeSantis’ $96.6 billion budget proposal for fiscal year 2021-2022, increases spending and counts on debt service savings of $40.8 million and bond savings of $64.2 million. Over half of the $4.3 billion rise in the budget proposal, $2.6 billion, is related to spending increases due to the COVID-19 pandemic. “The ‘Florida Leads’
TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he
This is NOT about price! This is about EXPOSURE of the 4 Massive Silver Shorts! Hang on tight as the markets… by Bix Weir of Road to Roota I’ve been fighting the Silver Battle for over 20 years and we have NEVER had this kind of EXPOSURE to the SILVER MANIPULATION fraud as we have
Juniper Networks, a leader in secure, artificial intelligence-driven networks, reported better-than-expected preliminary results for the fourth quarter. However, shares dipped 1.6% in Thursday’s extended trading. Juniper’s (JNPR) revenues of $1.22 billion increased 1.2% and beat analysts’ expectations of $1.19 billion. The company’s CEO, Rami Rahim said, “We experienced better than expected Q4 demand and ended
Some market pros see the frenzied short squeezes in GameStop and other stocks as signs of a bubble brewing, but the Federal Reserve doesn’t seem to and for that reason investors expect asset prices could continue to rise. Fed Chairman Jerome Powell, at his post meeting briefing Wednesday, was asked about the potential of Fed
Now it’s getting interesting. House of Congress calls Justice Department for Action against @RobinhoodApp #melvincapital and #citadel regarding #wallstreetbets and #GameStop, #RobinHood pic.twitter.com/xo6lysq9aU — Boppiboy (@boppiboy) January 29, 2021 As I mention in the thread, I’ve spoken to several people hit by these force-sells, and only about half of those people are trading on margin.
Editor’s note: Below you’ll find the week 6 release of the City Economic Recovery Tracker (CERT), originally published Jan. 22, 2021. Visit the CERT homepage for the latest data. The five cities in The Investopedia City Economic Recovery Tracker (CERT) all faltered in their economic recoveries during the week ending Jan. 9, signaling that the U.S. economic
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