Wall Street Crackdown! Federal Government Flexes in Wake of GameStop Short Squeeze

Wall Street Crackdown! Federal Government Flexes in Wake of GameStop Short Squeeze

On Thursday, in separate cases, regulators and prosecutors touted new charges in a “Ponzi-like scheme” and a major conviction for fraud at a cryptocurrency hedge fund. The SEC unveiled new charges against GBP Capital, a New York-based alternative asset management firm. In a press release, they alleged the firm was “running a Ponzi-like scheme that…

Notorious Short Seller Hindenburg Attacks “King of SPACs,” Clover Stock down 12%

Notorious Short Seller Hindenburg Attacks “King of SPACs,” Clover Stock down 12%

One of 2020’s hottest market trends was SPACs — and Chamath Palihapitiya, AKA the SPAC King, helped pave the way. SPAC stands for special purpose acquisition company. It’s a nontraditional way for a company to begin trading publicly. The SPAC has an initial IPO and sells shares to raise capital. The capital raised is then…

Henry Hill: As the Scottish Government digs in, calls grow for a judge-led inquiry into the Salmond scandal

Henry Hill: As the Scottish Government digs in, calls grow for a judge-led inquiry into the Salmond scandal

Do we need a judge-led inquiry into the Salmond affair? The formal inquiry into the Scottish Government’s woeful mishandling of sexual misconduct allegations against Alex Salmond is entering its final weeks, and the SNP is continuing to fight it every step of the way. Peter Murrell, the Nationalists’ chief executive and Nicola Sturgeon’s husband, has…

‘Talk Is Cheap,’ New Congresswoman Says About Left’s Calls for Unity
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‘Talk Is Cheap,’ New Congresswoman Says About Left’s Calls for Unity

Freshman Rep. Beth Van Duyne, R-Texas, says she is committed to focusing on the “meat and potato issues that affect people’s daily lives.” Van Duyne was the first female mayor of Irving, Texas, from 2011-2017. Now, she says, she’ll draw on her experience in local government to listen to the needs and concerns of Americans…

Buy the Dip: Is Buying the Dip a Good Trading Strategy?

Buy the Dip: Is Buying the Dip a Good Trading Strategy?

‘Buy the dip’ is our generation’s ‘buy low, sell high.’ Both can be good approaches to the market. But neither has stopped traders from blowing up their accounts. So today we’re gonna unpack the buy the dip meme. I’ll show you what a dip looks like on a stock chart. Then we’ll talk about how…

Hard Work, Preparation, and Opportunity: Kyle Williams’ $1 Million Profit Milestone*

Hard Work, Preparation, and Opportunity: Kyle Williams’ $1 Million Profit Milestone*

I’ve gotta shout it out because this guy is so humble … I’m SO proud of my student Kyle Williams, who just passed the million-dollar profit mark.* Kyle’s been trading since 2016, and he’s definitely had some ups and downs. In fact, he wasn’t profitable at all for his first 18 months of trading. But…