GameStop mania severely tested market system, regulator says

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

The surge for GameStop and other downtrodden stocks also laid bare how much power is being wielded by a new generation of smaller-pocketed and novice investors, armed with apps on their phones that make trading fun.

FILE - In this Thursday, Jan. 28, 2021, file photo, a GameStop sign is seen above a store, in Urbandale, Iowa. The U.S. stock market certainly shook when hundreds of thousands of regular people suddenly piled into GameStop earlier in 2021, driving its price to heights that shocked professional investors, but it didn't break.NEW YORK — The U.S.

The report also didn't make any recommendations for changes to how the market is structured, but it pointed to several areas for further consideration. They include topics that SEC Chair Gary Gensler has already cited in recent speeches, such as whether the way some brokerages make their money encourages them to push customers to trade more often than they should.

During the run-up of GameStop's price, many people were bellowing on Reddit and other social media platforms that this was their chance to stick it to the hedge funds. They took aim at funds that had bet GameStop, a struggling video-game retailer, would see its price continue to fall.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Gme

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Column: Global oil market is tight, despite what producers say: KempGlobal petroleum inventories have fallen to their lowest seasonal level for seven years as producers have failed to raise output to match the rapid rebound in consumption since last year’s coronavirus-driven recession. expect oil prices to go up to $100 then to $150 per barrel.
Source: Reuters - 🏆 2. / 97 Read more »