Gold prices drifted lower on Thursday, losing for a sixth straight session, as riskier assets such as equities rebounded after suffering a severe setback in the previous session. The dollar’s retreat after early strength helped limit bullion’s downside. The dollar index, which advanced to 90.86 in the European session, subsequently fell below the flat line and was last seen at […]
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In an exclusive interview, Webull CEO Anthony Denier said the SEC should “step in” amid volatility. Traders have been buying up shares of heavily shorted stocks like GameStop and AMC Entertainment. Denier said Webull’s membership skyrocketed as users jumped ship from Robinhood and elsewhere. Visit Business Insider’s homepage for more stories. The Securities and Exchange Commission should “step in” and […]
Read moreBarstool’s Dave Portnoy slams Robinhood for restricting trades in ‘casino’ stocks Barstool Sports founder Dave Portnoy slammed Robinhood and others for ‘closing the open market’ in a tweet. FOX Business’ Susan Li with more. Barstool Sports founder Dave Portnoy went on a tirade Thursday against mobile brokerage app Robinhood after it restricted transactions of certain volatile securities. Continue Reading Below Robinhood, TD Ameritrade […]
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WASHINGTON (Reuters) – U.S. policymakers are touting the gradual rise in the number of people who have received a coronavirus vaccination as the beginning of the end of the economy’s fight with the pandemic, but real-time data suggests the awaited rebound is still at the starting line.FILE PHOTO: A vial, syringe and small toy figures are seen in front of […]
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LONDON (Reuters) – Saudi Arabia is investing $220 billion to transform Riyadh into a global city by 2030 and expects to attract a similar amount of investment from the private sector, the head of the royal commission for the capital told Reuters on Thursday.FILE PHOTO: Saudi Crown Prince Mohammed bin Salman speaks during the Future Investment Initiative Forum in Riyadh, […]
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WASHINGTON (Reuters) – The U.S. economy contracted at its deepest pace since World War Two in 2020 as the COVID-19 pandemic depressed consumer spending and business investment, pushing millions of Americans out of work and into poverty.FILE PHOTO: A John Deere tractor, a combine, and other heavy machinery sit inside a barn on a corn and soybean farm in Woodburn, […]
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(Reuters) – GameStop shares sank early on Thursday as trading platforms including Robinhood and Interactive Brokers restricted trading in the video game retailer along with AMC Entertainment and other stocks that soared this week in a social media-driven trading frenzy that shook stock markets. GameStop, the video game chain whose 1,700% rally has been at the heart of the slugfest […]
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FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference in the U.S. Capitol in Washington, U.S., January 26, 2021. REUTERS/Al DragoWASHINGTON (Reuters) – The U.S. Senate next week will begin debating a coronavirus aid bill and will proceed even if Republicans are not on board, Senate Majority Leader Chuck Schumer said on Thursday. Schumer, a […]
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(Reuters) – Wall Street analysts on Thursday estimated Tesla Inc will hand over at least 50% more vehicles in 2021, a day after the electric carmaker disappointed investors by holding back on providing clear delivery targets.FILE PHOTO: A Tesla Model X electric vehicle is shown in this picture illustration taken in Moscow, Russia July 23, 2020. REUTERS/Evgenia Novozhenina/File PhotoAt least […]
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