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GameStop, Koss, Bed Bath & Beyond, AMC: What to Watch When the | Sidnaz Blog

January 29, 2021

Here’s what we’re watching ahead of Friday’s opening bell. —U.S. stock futures fell as retail investors buoyed GameStop GME -44.29% and other shares, pointing to a volatile end to 2021’s first month of trading. For our live blog on the short-squeezed shares, follow this link. Futures tied to the S&P 500 declined 0.5%, suggesting a […]

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China’s Top Bottled-Water Group Swells to an $85 Billion | Sidnaz Blog

January 29, 2021

Investor exuberance about China’s biggest bottled-water company, Nongfu Spring Co. , has combined with a shortage of tradable shares to send its stock soaring. Nongfu Spring’s high profit margins and growth potential in areas such as flavored-tea drinks have impressed investors and analysts. So has its strong brand—Nongfu Spring water is easily recognized, with signature […]

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U.S. Stock Futures Fall as GameStop Frenzy Builds | Sidnaz Blog

January 29, 2021

U.S. stock futures fell as retail investors buoyed GameStop and other shares, pointing to a volatile end to 2021’s first month of trading. Futures tied to the S&P 500 declined 1.2%, suggesting a reversal in direction after a nearly 1% rise Thursday. Those linked to the Nasdaq-100 retreated 0.9%. Shares of GameStop soared over 60% […]

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GameStop Trading Restrictions Blamed on Wall Street’s Clearing | Sidnaz Blog

January 29, 2021

GameStop, which is up 350% this month, is among the stocks restricted at some brokerages. Photo: Spencer Platt/Getty Images The chief executive of popular online brokerage Webull Financial LLC said Thursday that the restrictions placed on trading GameStop Corp. GME -44.29% and other highflying stocks rested with the platform’s clearing firm that helps streamline trades. […]

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Coinbase Global Intends to Go Public Via Direct Listing | Sidnaz Blog

January 29, 2021

Coinbase was started in 2012 and is the biggest exchange for cryptocurrency in the U.S. Photo: Michael Short/Bloomberg News Cryptocurrency exchange Coinbase Global Inc. said Thursday it plans to go public through a direct listing, making the popular platform the latest company to forgo the traditional public-offering process. The company said last month it had […]

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WeWork in Talks to Combine With SPAC or Raise Money Privately | Sidnaz Blog

January 29, 2021

If WeWork opts for a private investment round, the company would stay private and use the money to support its growth initiatives. Photo: wang zhao/Agence France-Presse/Getty Images WeWork is in talks to combine with a special-purpose acquisition company, according to people familiar with the matter, a deal that would usher the office-leasing company into the […]

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British Hedge Fund Billionaire Takes Climate Fight to S&P 500 | Sidnaz Blog

January 28, 2021

A billionaire hedge-fund manager is bankrolling an unprecedented campaign to force dozens of the world’s largest companies to publish carbon-emission reduction plans and put them up for shareholder vote. Frustrated by the pace at which corporations are cutting emissions, Christopher Hohn is backing a global effort to speed things up. He is working with nonprofit […]

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Investors Take Profits on Short-Squeezed Stocks Pearson, Evotec, | Sidnaz Blog

January 28, 2021

Shares in German drugmaker Evotec were down as much as 4% after rising close to 10% both of the previous two days. Images Photo: remy gabalda/Agence France-Presse/Getty Images By Anna Hirtenstein Jan. 28, 2021 9:38 am ET Investors dumped heavily shorted stocks in Europe Thursday in a bid to profit from share prices that have […]

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WallStreetBets Founder Reckons With Legacy | Sidnaz Blog

January 28, 2021

The man who created Reddit’s WallStreetBets isn’t who you think he is. He’s 39 years old. He lives in Mexico City with his wife, a physician, and spends his weeks chasing after their 3-year-old twins and tending to his day job as a consultant—hardly the sort of character one might associate with the roiling investing […]

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GameStop Surge Tests Scope of SEC’s Manipulation Rules | Sidnaz Blog

January 28, 2021

The frenzy has played out on public websites such as Reddit’s WallStreetBets, where small investors brag about their gains and exhort others to buy more shares and options. That transparency could make it easier for regulators to levy claims of manipulation, which historically has been a difficult offense for regulators to prove. “If they are […]

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