Citigroup Inc. is shutting down most of its consumer banking operations in Asia, Europe and the Middle East, the latest sign that the original financial supermarket is rethinking how to do business. …
Read More »GameStop, AMC and other meme populations re-create memes
GameStop (GME) skyrocketed nearly 53% on Thursday, fueled by investors’ hopes that a board overhaul could transform the video game store into a digital first. Amazon (AMZN) competitor. The company announced Tuesday …
Read More »Slack CEO apologizes for his unforced error
On Wednesday morning, Slack rolled out a feature to allow customers to message Slack users at other companies. After a series of complaints, Slack made changes on Wednesday afternoon. Customers noted that …
Read More »Stock futures beat unemployment claims data
US equity futures rose on Thursday ahead of data that will offer new clues about the pace of recovery in the labor market. S&P 500 futures rose 0.2%, a day after tech …
Read More »Loyalty plans to launch Bitcoin ETFs
Fidelity Investments unveiled plans on Wednesday to launch an exchange-traded fund that tracks the price of bitcoin, fueling the money manager’s push to bring cryptocurrencies into mainstream finance. The ETF, called the …
Read More »Stock Market Today With Jim Cramer: Tesla and Bitcoin
Stocks were mostly higher on Wednesday as bond yields stabilized and oil prices rebounded. Katherine Ross and Jim Cramer from TheStreet talked about the latest news in the stock market. Cramer spoke …
Read More »Elizabeth Warren interrogates Janet Yellen for BlackRock ‘too big to fail’
At a hearing held by the Senate Banking Committee, Warren noted that the Federal Reserve began to designate very large banks as “too big to fail,” giving them the stronger oversight granted …
Read More »Premarket Actions: Market craze has fueled a SPAC boom. Here’s who’s at risk
Sign of the Times: Among the most notable indicators of market craze is the explosion of special-purpose acquisition companies, or SPACs. So-called “blank check” companies, which allow investors to back sponsors who …
Read More »Young traders are taking ‘big financial risk’ in investing apps
The British market watchdog has warned that popular investment apps are exposing young consumers to big financial risks by luring them into inappropriate cryptocurrencies and other speculative investments. The Financial Conduct Authority …
Read More »Stock Trading App Robinhood Archives for IPO
Robinhood Markets Inc., the popular stock trading app, filed documentation with the Securities and Exchange Commission for what is sure to be one of the most anticipated initial public offerings of the …
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