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…