stock market - Page 3

The media are blaming workers for empty grocery store shelves even as President Biden has failed to stop the virus or fix the supply chain.

House Minority Leader Kevin McCarthy (R-CA) may ban lawmakers from holding or trading stocks if he wins the speaker’s gavel in November. 

Apple briefly hit a market cap of $3 trillion during trading on Monday, the first company to ever achieve this valuation. After hitting the landmark valuation, Apple shares have traded down, leaving the iPhone giant just short of the historic value. The tech giant has tripled its valuation in the last four years.

Shares of TeraWulf, a cryptocurrency miner backed by actress Gwyneth Paltrow — who sells candles that she says smell like her genitalia — fell sharply during the company’s public trading debut on the Nasdaq stock market.

According to a recent report, the hackers behind the recent data breach of the online trading platform Robinhood had access to system tools that would allow them to remove certain account security features of customers.

Tesla CEO Elon Musk has reportedly sold nearly $5 billion in Tesla stock, according to recent financial filings.

Sen. Richard Burr (R-NC) had “material nonpublic information” revolving around the coronavirus pandemic’s impact when he directed his stockbroker to dump over $1.6 million in stocks a week before the market drastically dropped in March of last year, in addition to telling his brother-in-law who then did the very same, according to federal court filings.

The impending collapse of China’s gigantic Evergrande Group real estate company caused a tumble at the stock market on Tuesday for other Chinese property developers. Even investors in completely unrelated markets are growing nervous about what the implosion of such a huge company could do to banks in China and around the world – and what it could mean for Beijing’s geopolitical agenda.

MassMutual has been fined $4 million by the state of Massachusetts for failing to censor an employee who helped launch the GameStop squeeze.

The stock trading app Robinhood, notorious for its actions against GameStop and other “meme stock” investors, has kicked off a nationwide effort to convince students to trade stocks using its app, including a $20,000 giveaway offering to young people.

The House Ethics Committee announced on Tuesday, the committee will investigate Rep. Tom Malinowski’s (D-NJ) hundreds of stock transactions that allegedly violated the federal STOCK Act.

The video conferencing company Zoom, which enjoyed massive growth during the coronavirus pandemic, has suffered a 16 percent slide in share price today after the company reported second-quarter earnings that beat expectations but showed slow growth.

A Chinese state newspaper called Economic Information Daily published an article on Tuesday that compared Internet gaming to opium addiction.

President Joe Biden defended his administration’s handling of the economy Monday even as the stock market plunged more than 900 points.

Former Democrat Rep. Harley Rouda (CA), while in office last year, missed federally mandated deadlines that require congressional representatives to report stock trades, according to a report.

A non-partisan ethics watchdog, the Foundation for Accountability and Civic Trust (FACT), sent another letter to the Office of Congressional Ethics (OCE), laying out more information regarding Democrat Rep. Tom Malinowski’s (NJ) alleged violations of federal law after filing their first complaint in March.

The popular stock and cryptocurrency trading platform Robinhood has reportedly paid a $70 million settlement to the Financial Industry Regulatory Authority (FINRA) on Wednesday after being accused of misleading customers.

The Bovespa Index, the Sao Paulo stock exchange, hit a record high for the third consecutive day on Tuesday on the news that Brazil’s GDP had increased by 1.2 percent in the first quarter of 2021 — a particularly stunning achievement given the severity of the Chinese coronavirus outbreak in the country.

Energy and consumer finance stocks led the way down.

The State Department released U.S. Special Presidential Envoy for Climate John Kerry’s financial disclosure documents, only after Fox News pressed the agency multiple times to comply with the requests, according to a report. 

John Kerry, U.S. Special Presidential Envoy for Climate, has disclosed millions of dollars in income from finance and energy firms along with his recently liquidated huge stock portfolio in his latest financial filing, according to a report.

White House press secretary Jen Psaki on Thursday defended reports of a planned tax hike from President Joe Biden, arguing the wealthy could afford it.

Stock trading app Robinhood has chosen Nasdaq as the exchange for its IPO this year, despite being embroiled in controversy over its treatment of its customers during the Gamestop trading frenzy and previous problems including trading outages.

Alex Kearns, 20, took his own life on June 12. Now his parents are suing stock trading app Robinhood for the circumstances leading to his suicide.

Malaysian retail investors rallied on social media to drive up stocks of Malaysian rubber glove manufacturers on Friday, in a move modeled on the GameStop trading surge witnessed in the U.S. this week.

Nigel Farage has hailed the GameStop rebellion as the natural successor to the populist movement which carried Brexit and Donald Trump to victory in 2016.

Shares of GameStop and AMC saw tremendous gains this week as an army of small retailer investors beat back sophisticated hedge funds that had bet against the stocks.

Both Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ted Cruz (R-TX) are among lawmakers seemingly calling for congressional action after Robinhood restricted trading for GameStop following a surge spurred by a populist investing movement, but the New York lawmaker rejected Cruz after he agreed with her on social media, telling the senator to “sit this one out” because, she claimed, he almost had her “murdered” three weeks ago — a reference to the January 6 Capitol riot.

Populist movements against ruling elites have been the big political story of the past five years. But at the very moment when elites appear to be winning political battles again, a new threat to their power emerges — this time aimed at Wall Street rather than Washington.

GameStop stock has surged yet again following a recent social media post from Tesla and SpaceX CEO Elon Musk. The stock is trading at more than $366 per share in morning trading, a one-day increase of almost 150 percent.

In a recent article, Bloomberg outlines how the popular Reddit forum WallStreetBets, along with help from other online investing forums, successfully increased the value of retailer GameStop’s share price by massive amounts.

The SEC has charged popular stock trading app Robinhood with deceiving customers about how the company makes money and failing to deliver the best execution of trades.

Shares of the short-term rental company Airbnb have skyrocketed by 120 percent in its first day of trading, launching the company’s market cap to more than five times its last private market valuation. The massive IPO has resulted in Airbnb being worth more than the combined values of Marriott International, Hilton Worldwide, and Hyatt Hotels, the three largest hotel chains.

President Donald Trump celebrated the news that the Dow Jones Industrial Average hit 30,000 Tuesday morning despite the ongoing coronavirus pandemic.

The stock market supposedly hates uncertainty. So why is it soaring after an election night that upended expectations, humiliated polls, and created conditions for a drawn-out fight over ballot counting that could last for weeks?

Social media giant Twitter suffered a stock price crash of more than 21 percent in intraday trading today following the release of the company’s Q3 report. The company reported its slowest growth in years as many companies also bought less advertising on the platform at the same time.