(Bloomberg) — As the second-quarter draws to a close, crypto investors are left wondering what’s next for Bitcoin after it retreated from the all-time highs registered during the height of the mania over exchange-traded funds. Most Read from Bloomberg The original cryptocurrency is down about 13% since March, a sharp contrast from the 67% and […]
HONG KONG (AP) — Asian stocks rose Tuesday after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied. U.S. futures were higher while oil prices were little changed. Japan’s benchmark Nikkei 225 surged 1% to 39,190.97 after data from the Bank of Japan Tuesday showed […]
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GameStop investors got another news dump on Monday, this time from the company at its annual shareholders meeting. CEO Ryan Cohen told investors the video game retailer plans to “continue reducing costs and focusing on profitability,” without elaborating. Shares fell 12% and slipped further on Tuesday, but are still up over 100% this quarter amid […]
(Bloomberg) — The latest GameStop Corp. frenzy has coaxed a big critic of the meme-stock craze – and a notable loser back in 2021 — off the sidelines with a new short position. Andrew Left, the founder of Citron Research, placed a new bet against the video-game retailer whose stock price soared as much as […]
Fool me twice? It appears GameStop meme investors got suckered — again. X Investors who jumped into the latest online frenzy over shares of the struggling video game retailer lost $13.1 billion in just three days from the mania’s high, says an Investor’s Business Daily analysis of data from S&P Global Market Intelligence and MarketSurge. […]
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(Bloomberg) — Is the erstwhile “Bond King” becoming the options king? Most Read from Bloomberg Bill Gross is making a habit of selling options on meme stocks, and his latest trades center on GameStop Corp. and AMC Entertainment Holdings Inc. The legendary investor said he sold calls and puts on the poster children of the […]
It’s been an incredible day for high-risk assets, with speculators clearly stepping back into various meme stocks and cryptocurrencies alike in a big way today. For Bitcoin (CRYPTO: BTC), a 24-hour move of 2.5% may seem like small potatoes, given what’s going on in the market today. GameStop (NYSE: GME) shares are up more than […]
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The investment world is buzzing with talk of artificial intelligence (AI), soaring stocks like Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT), and the immense possibilities for other companies. Hey, I am, too — if you have a minute, take a look at this stealthy AI stock you may have never heard of. But, while everyone […]
There is a fundamental law of economics at play in the new market mania surrounding bitcoin (BTC-USD): supply and demand. More bitcoins are being bought on average each day than new coins are being created. One big reason for this imbalance is the appetite created by a series of US-listed bitcoin exchange-traded funds that were […]