Enlarge / *Glass-breaking noise* (credit: Aurich Lawson) Back in January, when we attempted to explain the meteoric rise of GameStop’s stock price , all of us wrote a lot of words about the potential role of a short squeeze on what was happening. The theory was that a large number of short sellers were being […]
Enlarge (credit: Aurich Lawson | Getty Images ) In video game parlance, longtime gaming publisher Activision Blizzard has jumped to “extreme” difficulty as of late, thanks to a wave of highly publicized lawsuits. On Monday, the company behind World of Warcraft , Diablo , and Call of Duty faced arguably its biggest test yet, this […]
Enlarge (credit: Chesnot / Getty Images) The US Securities and Exchange Commission has warned that it will sue Coinbase if it launches a new digital asset lending product, and also issued subpoenas to the cryptocurrency trading platform to provide it with more information, according to executives. Paul Grewal, Coinbase’s chief legal officer, said in a […]
Enlarge (credit: Chip Somodevilla/Getty Images) The chair of the US Securities and Exchange Commission is warning that cryptocurrency trading platforms are putting their own survival at risk unless they heed his call to work within the nation’s regulatory framework. Gary Gensler told the Financial Times that while he remained “technology neutral,” crypto assets were no […]
Enlarge / In June 2020, Lordstown held an hour-long election rally for the Trump campaign disguised as an event to unveil the Endurance electric pickup truck. (credit: Matthew Hatcher/Bloomberg via Getty Images) On Wednesday, we wrote about how Lordstown Motors stated that the company’s Endurance electric pickup truck would enter limited production later this year. […]
Enlarge / Elon Musk isn’t sure. (credit: VCG/VCG via Getty Images) The Securities and Exchange Commission is having a hard time reining in Elon Musk’s social media use, according to a new report from The Wall Street Journal. The regulator sent Tesla three sternly worded letters between August 2019 and June 2020, asking Tesla’s attorney’s […]
Robinhood Markets has consented to pay $65 million to settle Securities and Exchange Commission allegations that the agent didn’t correctly notify clients that it offered their inventory orders to midsize dealers and other financial companies. Robinhood, famous for its favorite smart-phone program that provides commission-free trading, also consented to get an external advisor monitor its […]
President-elect Joe Biden has settled Janet Yellen to direct the Treasury Department, however for today it’s unsure who he’ll select for another high fund article: Which of Securities and Exchange Commission Chairperson. The SEC plays a vital role in tackling U.S. capital markets and protecting investors, and also the head of their agency plays an […]
Black monetary executives are pushing against advanced Democrats’ need that President-elect Joe Biden’s government exclude anybody with corporate connections. They assert that shutting finance-industry executives could disqualify experienced minority applicants in the leading work in the new administration. The effort is focused on senior White House employees articles, in Addition to the heads of bureaus […]
There is a new country flag in Mississippi also it does not possess a logo which honors American traitors such as the previous one. Read…