U.S. stock index futures declined in overnight trading as a surge in speculative trading by retail traders continued to cause hedge funds to take off risk and worried investors about a market bubble. The losses build on last week’s decline, which was the worst for the market since October. Futures […]
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Dow futures drop 100 points, building on losses after worst week since October
U.S. stock index futures declined in overnight trading as a surge in speculative trading by retail traders continued to cause hedge funds to take off risk and worried investors about a market bubble. The losses build on last week’s decline, which was the worst for the market since October. Futures […]
Silver futures jump 7% as Reddit traders try their squeeze play with the metal
A one kilogram gold bar sits on top of silver bars at London bullion dealers Gold Investments in this arranged photograph in London, United Kingdom, on April 4, 2013. Simon Dawson | Bloomberg | Getty Images Futures contracts for silver surged higher on Sunday night as the Reddit-fueled boom in […]
Robinhood to continue trading limits on Monday, customers can still only buy one GameStop share
The GameStop Corp. logo on a laptop computer and Robinhood application on a smartphone. Tiffany Hagler-Geard | Bloomberg | Getty Images Robinhood will continue to limit trading on Monday in short-squeeze names like GameStop that have experienced explosive rallies and unprecedented volatility over the past week. Customers can only buy […]
U.S. stock futures drop, building on losses after worst week since October
U.S. stock index futures declined in overnight trading as a surge in speculative trading by retail traders continued to cause hedge funds to take off risk and worried investors about a market bubble. The losses build on last week’s decline, which was the worst for the market since October. Futures […]
Chevron and Exxon discussed merger last year after Covid pandemic devastated oil prices, reports say
A vehicle passes an Exxon Mobil Corp. gas station in Arlington, Virginia, U.S., on Wednesday, April 29, 2020. Andrew Harrer | Bloomberg | Getty Images The CEOs of Chevron and ExxonMobil last year discussed the possibility of merging the two companies, The Wall Street Journal reported Sunday, citing unnamed people […]
Three reasons why a ‘perfect storm’ of speculative investors is hitting the market
PNC Financial’s Amanda Agati sees three reasons for the market’s speculative craze: No commission trading, low interest rates and another round of stimulus checks. Together, the firm’s chief investment strategist calls them a “perfect storm.” “The rise in no commission trading, a la Robinhood and a number of retail trading […]
U.S. top diplomat condemns ‘harsh’ crackdown on Russian protests, renews call for Putin critic’s release
Russian opposition politician Alexei Navalny takes part in a rally to mark the 5th anniversary of opposition politician Boris Nemtsov’s murder and to protest against proposed amendments to the country’s constitution, in Moscow, Russia February 29, 2020. Shamil Zhumatov | Reuters WASHINGTON – Secretary of State Anthony Blinken has condemned […]
Melvin Capital, hedge fund that bet against GameStop, lost more than 50% in January
A GameStop Corp. store in Rome, Italy, on Thursday, Jan. 28, 2021. Alesia Pierdomenico | Bloomberg | Getty Images Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop and other stocks the fund was betting against, a source familiar with the matter told CNBC. […]
Former Biden Covid advisor says U.S. should prioritize first vaccine doses ahead of potential surge
Dr. Michael Osterholm, Regents Professor, McKnight Presidential Endowed Chair in Public Health, and director of the Center for Infectious Disease Research and Policy at the University of Minnesota, announced advances for COVID-19 testing in Minnesota, Wednesday, April 22, 2020 in St. Paul, MN. Glen Stubbe | Star Tribune | Getty […]