Thursday, February 18, 2021

5 questions that need answers at the GameStop hearing

Congressional hearings often involve a lot of grandstanding. But as the House Financial Services Committee prepares to grill major players in the GameStop saga that shocked investors last month, there are still some big questions that need answers.
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5 questions that need answers at the GameStop hearing
Congressional hearings often involve a lot of grandstanding. But as the House Financial Services Committee prepares to grill major players in the GameStop saga that shocked investors last month, there are still some big questions that need answers. Read more »
 
Citi made a $500 million mistake. Here's how that would play out for regular people
Citigroup lost a court battle Tuesday to claw back $504 million it mistakenly wired to Revlon's lenders in August. But don't get your hopes up that you could keep a chunk of change accidentally placed in your bank account. Read more »
 
Jobless claims jump: Another 861,000 Americas filed for initial benefits last week
Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department. Read more »
 
Walmart just boosted pay to $15. It's not what you think
Walmart, America's largest private employer, will raise wages for 425,000 US workers -- more than a fourth of its workforce -- to at least $13 an hour. Read more »
 
Maxine Waters is planning to call multiple hearings on the GameStop frenzy
Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. Read more »
 
Here's what we can learn from the Gamestop craze
The mania that drove the recent GameStop stock rally should remind all investors of the need to stay diversified. It's simply not wise to put all your eggs in one basket, whether what's in that basket is filled with ultra-safe municipal bonds or high volatility cryptocurrency. Read more »
 
 
 
 
Dow Nasdaq S&P
-119.68   -100.14   -17.36
31,493.34   13,865.36   3,913.97
-0.38%   -0.72%   -0.44%
YTD +2.90%   YTD +7.58%   YTD +4.20%
 
Biggest Winners
FirstEnergy Corp +7.20%
 
Advance Auto Parts Inc +3.54%
 
Kellogg Co +2.58%
 
Paycom Software Inc +2.50%
Biggest Losers
Albemarle Corp -10.17%
 
Westinghouse Air Brake Technologies Corp -9.19%
 
Mosaic Co -9.14%
 
Walmart Inc -6.48%
Hottest ETF
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NYSE Market Volume
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Key Market Stats Latest Today's Change
Oil $60.11 -0.41 / -0.68%
Gold $1,775.10 +0.10 / +0.01%
10-yr 1.29% -0.01
Euro $1.21 +0.00 / +0.40%
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