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View all search resultsWall-Street
Business 5 years ago
"GameStop effect" could ripple further as Wall Street eyes short squeeze candidates
Market watchers identified dozens of stocks potentially vulnerable to extreme volatility after a buying spree from an army of retail traders in recent days prompted hedge funds to unwind their bets against GameStop and other companies, fueling surges in their share prices in a phenomenon known as a “short squeeze.”
Business 5 years ago
GameStop, other retail darlings dented after Reddit group briefly shuts doors
Shares of GameStop and other companies tumbled in extended trading after Wallstreetbets, a discussion forum popular with retail traders on the Reddit website, briefly turned invitation-only. They pared those losses around an hour later, when the forum opened back up.
Business 5 years ago
Asian markets open higher after gains on Wall Street ahead of Biden’s inauguration
President-elect Joe Biden, who will be sworn into office on Wednesday, last week laid out a US$1.9 trillion stimulus package proposal to boost the economy and speed up the distribution of vaccines.
Business 5 years ago
Outlook darkens for Wall Street as Biden's regulators take shape
Gary Gensler will serve as chair of the Securities and Exchange Commission (SEC) and Federal Trade Commission member Rohit Chopra will head the Consumer Financial Protection Bureau (CFPB). Progressives see the agencies as critical to advancing policy priorities on climate change and social justice.
