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SEC issues statement on past week’s turbulent market activity prompted by Reddit-fueled GameStop run

The U.S. Securities and Exchange Commission (SEC) has issued an official statement on the tumult of the past week in the public stock market. It’s a relatively brief statement and doesn’t mention any of the key players by name (aka GameStop, Reddit, Robinhood and others), but it does acknowledge that […]

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The somewhat boring reason it appears that Robinhood yanked trading on some securities

After enduring a day’s worth of taking a beating across social media, government, and the various app stores of the mobile world, Robinhood took to its own blog and CEO’s Twitter account to explain why it had halted trading of some stocks earlier today. That Robinhood had restricted trading in a […]

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Theaters are ready to reopen, but is America ready to go back to the movies?

Last week, AMC marked its earnings report with a somber note. The movie theater giant warned of losses reaching up to $2.4 billion, courtesy of COVID-19-related closures, adding that “substantial doubt exists about our ability to continue as a going concern for a reasonable period of time.” AMC isn’t alone. […]