Now even the 'smart money' traders are using Reddit for stock tips | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

United States News News

United States United States Latest News,United States United States Headlines

Reddit investors have been the butt of many jokes over the last few years, but could these much-maligned meme traders have the last laugh?

A surprising new survey finds that 58% of institutional investors — the professionals who trade on behalf of banks and pension funds, the so-called “smart money” — admit to having made an investment decision based on information from Reddit. Of those familiar with the popular, gossipy social media site, 46% of those polled expect to use the platform more in the next year and about 50% considered Reddit to be of “high importance” in stock evaluations, reported the Brunswick Group.

The number of job openings in the United States fell to 10.8 million in January, down from an upwardly revised 11.23 million in December, the Bureau of Labor Statistics reported Wednesday as part of its monthly Job Openings and Labor Turnover Survey, or JOLTS. At the same time. private businesses added more jobs than forecast in February, according to ADP.

 

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

Translating CNN: 'Let's encourage pump & dump schemes which harm naive first time investors.'

Despite being ridiculed by some for their unorthodox approach to investing, they have demonstrated a remarkable ability to band together and drive up stock prices.

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:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines

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

CNN correspondent calls his mom using deepfake audio | CNN BusinessCan CNN correspondent Donie O'Sullivan's parents spot the difference between their son's voice and an AI version? An online tool creates convincing AI audio fakes of anyone. Here's how the technology works and what's at stake. donie Can CNN spot a reporter that's just phoning it in? Tune in to find out the answer is no donie What is created for good WILL BE USED FOR EVIL. FACT CHECKED✅ donie Oh that explains a lot
Source: CNN - 🏆 4. / 95 Read more »

Yeezy fallout could push Adidas into its first annual loss in 31 years | CNN BusinessAdidas has warned that it could suffer its first annual operating loss in more than three decades this year, mostly because it may have to write off the entire range of Yeezy-branded clothing and sneakers. That’s their fault. They didn’t even give their customers the choice to still buy Yeezy. They thought they were smarter and ethically superior to your customer’s and now they’re gonna have to pay. Explain in football please... Get woke, go broke.
Source: CNN - 🏆 4. / 95 Read more »

Ex-Goldman banker sentenced to 10 years prison in 1MDB corruption case | CNN BusinessFormer Goldman Sachs banker Roger Ng was sentenced to 10 years in prison on Thursday, after he was convicted of helping loot billions of dollars from Malaysia's 1MDB sovereign wealth fund. Good for him It is surprising that such people with a good financial situation are so greedy and greedy that the end of their life is ruined, all of them originate from ignorance which is the mother of misfortunes and mental illnesses in different degrees and dimensions. Being greedy is a sure sign of being cursed!
Source: cnni - 🏆 326. / 59 Read more »

IMF chief: Ukraine war will have 'devastating' consequences for Russia's economy | CNN BusinessThe International Monetary Fund has drawn criticism for forecasting that Russia will see stronger economic growth this year than either the United Kingdom or Germany, despite rising pressure from Western sanctions. May the entire world prioritize and preach peace to humanity. Meanwhile, here are some PRONUNCIATION TIPS that might be useful to many people in the Anglophone nations: ★COMEDY & COMEDIAN *STRATEGY & STRATEGIC For any needed guidance: +254727 029 159 Wilochieng2000yahoo.com Typical Punish the man on the street. Children will die of curable diseases like those in Iraq and other countries.
Source: cnni - 🏆 326. / 59 Read more »