Nearly a year ago, a bunch of day traders from the fringes of the internet figured out how to beat Wall Street at its own game. Or so they thought.
A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.New York
Around mid-January, shares of GameStop — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting"diamond hands," and"to the moon," rally cries to hold onto their shares rather than cash out. The term"meme stock" sauntered into the mainstream.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street has a staggering problem with greenhouse-gas emissionsOPINION: Instead of pouring money into destabilizing subprime mortgages, major financial institutions are bankrolling climate-warming fossil fuels such as coal, oil, and gas to the tune of hundreds of billions of dollars every year.
Weiterlesen »
Wall Street titans double talk about China's economy, Communist PartyBeware of Wall Street big shots selling 'everything is fine in China' stories — it could come back to burn you
Weiterlesen »
Wall Street taps brakes on the back-to-the-office bus, at least through the holidaysAs Morgan Stanley and Citi have walked back toward the work-from-home approach, the pressure is on two other big New York-based banks to make public announcements.
Weiterlesen »
Will America’s ‘Immunity Wall’ Hold Up to Omicron?'One of the important things will be determining whether people who were vaccinated and got Omicron clear quickly so they’re not infectious,' explains EricTopol, since the variant is going to temporarily knock out a lot of health care workers
Weiterlesen »
How Stephen Curry Shot His Way Into NBA HistoryStephen Curry broke the NBA record for career 3-pointers. Here's a look back at the stories that explain the best shooter in basketball.
Weiterlesen »
iOS 15.2–Apple’s Huge Decision Will Change Your iPhone ForeverApple's latest update to your iPhone is the most controversial in years...
Weiterlesen »