Zoom Forecasts Lower Yearly Revenue Than Expected

Zoom disappointed analysts by forecasting lower fiscal 2023 revenue than Wall Street was expecting.

Reddit’s WallStreetBets Schools Wall Street

Wall Street may be the “experts” in the stock market, but analysts are increasingly looking to Reddit’s WallStreetBets for info.

How the GameStop Stock Short Squeeze Cost Wall Street Billions

While most people invest on Wall Street to make money, a Reddit-based group known as Wall Street Bets had a different motive. They saw what wealthy hedge funds were doing to GameStop (GME) stock and decided they wanted to punish…

Short-Seller Losses Top $70 Billion In the War on Wall Street

Short-sellers have lost a staggering $70 billion in the War on Wall Street between institutional investors and day traders on Reddit.

Robinhood Blocks GameStop Trading, Faces Backlash

Robinhood has weighed in on the war on Wall Street, blocking buys of GameStop, AMC, Blackberry and others, and facing backlash for it.

Good Day For GameStop Investors As Stock Hits $247

GameStop is having a wild day, as individual investors have helped drive the price to $247, up from $18 just a couple of weeks ago

Amazon and Goldman Sachs May Soon Partner For Lending Services

According to Quartz, and originally reported on by the Financial Times, Amazon and Goldman Sachs may soon team up “to offer small business loans in the U.S.” Goldman Sachs has already shown itself willing to work with big tech, as…

Google’s New CFO is the ‘Most Powerful Woman on Wall Street’

Google has found its new CFO. Ruth Porat, who currently serves as Chief Financial Officer for Morgan Stanley, will be joining Google on May 26. She’ll replace outgoing CFO Patrick Pichette, who announced his retirement earlier this month. “We’re tremendously…

Britney Spears Earns Planet Hollywood $20 Million

Since Britney Spears began her residency at the Planet Hollywood Resort and Casino’s AXIS Theater in Las Vegas back in December 2013, her Britney: Piece of Me show has boosted the property’s earnings by about $20 million. Initially booked for…

Catherine Zeta-Jones: Michael Douglas Says He Took Her for Granted

Catherine Zeta-Jones and husband Michael Douglas are back together again following a split that took place last August. The Wall Street actor admits he took his wife for granted in the years prior to their split. He says he learned…

Stock Market Distrust Shown for Third Straight Year

As it currently stands, the stock market is in a fairly good spot. Interest rates on fixed income and cash are low, market returns in 2013 exceeded 30 percent, and the market itself is setting record highs. Despite all of…

JPMorgan Scraps Twitter Q&A Over Fiscal Furor

It was a brief idea that lasted all of nine glorious hours: the vice-chairman of US corporate banking giant JPMorgan, Jimmy Lee, announced he would be taking over the @jpmorgan Twitter feed at 1pm today. By last night, however, major…

Bernie Madoff Accountant Charged with Fraud

NBC News reported this week that Paul Konigsberg, an attorney and accountant, was charged yesterday with falsifying records and related securities connected to the Bernie Madoff Ponzi scheme. Konigsberg is the only non-Madoff family member who owned a controlling interest…

Wall Street Ends 5 Day Skid; Stocks are Up

The stock market saw a surprise surge last Wednesday after the Federal Reserve announced that it would continue its bond-buying program. That up-swing did not last long, though; The stocks dipped drastically on Thursday, and Wall Street has seen a…

Stratasys Makes A 3D Printed Wall Street Bull

The bull is a noble creature defined by two massive horns that will gore you if the animal is given the chance. It’s also the symbol of a healthy economy. To that end, Stratasys has made a bull on a…

Jim Cramer Suggests Snapchat Could Be Used for Insider Trading

Snapchat, the ephemeral messaging app that’s gaining quite the following, has been accused of facilitating some risque communications. When it first launched, it quickly garnered the reputation as being a “sexting” app for teens. You see, Snapchat allows users to…

NASDAQ Fined $10 Million For Botched Facebook IPO

To say the Facebook IPO was a disaster might be a bit of an understatement. A few days after the social network went public, reports emerged that a technical issue prevented trading and many investors lost money as the stock’s…

Zynga Now Under Investigation For Cashing Out Before Shares Slumped

Well, that didn’t take long. We brought you word this morning that Zynga CEO Mark Pincus and other insiders including Google cashed out on Zynga stock back in April before the company’s shares fell to the abysmal depths that they’re…

Anonymous Leaks 50,000 Wall Street IT Personnel Accounts

One of the more interesting teams operating with Anonymous is #TeamGhostShell. They are usually the team behind the more malicious attacks that target governments and corporations. Their latest operation, MidasBank, has one target clearly in its sites – Wall Street.…

Nasdaq Hopes to Appease Facebook Investors with Modest Compensation

The Nasdaq OMX Group hopes to make up for that small-but-disastrous glitch on the day of Facebook’s initial public offering by compensating affected investors who were trying to get in on the early trading. According to the Wall Street Journal,…