Having kept his cool to stroke in controversial injury-time winners versus Stoke and Middlesbrough over the previous week, that boosted the Welsh club’s hopes of a return to the top flight via the automatic route, he made a much earlier intervention to seal the draw that took them level on points with second-placed Watford with a game in hand. Securities and Exchange Commission (SEC) cautioned investors on Wednesday about buying shares of so-called special purpose acquisition companies only because they are backed by celebrities, including movie stars and athletes.
March 10 (Reuters) – The U.S. “It is never a good idea to invest in a SPAC just because someone famous sponsors or invests in it or says it is a good investment,” the SEC said. website The recent SPAC frenzy has attracted the attention of a number of mainstream celebrity figures such as rap star Jay-Z, tennis legend Serena Williams and National Basketball Association Hall of Famer Shaquille O’Neal who have either sponsored their own blank-check firms or joined the boards of other SPACs.
The Senate Banking Committee held a hearing Tuesday to discuss recent GameStop volatility and the “gamification” of trading by popular investing apps like Robinhood. There are concerns that zero-commission brokers contribute to the volatility of the market and give inexperienced people access to risky trading options. Elizabeth Warren, a Democrat from Massachusetts, said Tuesday she received responses from the Security Exchange Commission and the Financial Industry Regulatory Authority about the role hedge funds played in GameStop stock price surge in January.
Traders on Reddit bought GameStop stock and increased its share price, leading to a “short squeeze,” when hedge funds that bet against the retailer were forced to buy the stock in order to avoid large losses. One reason the Reddit community began buying the retailer’s shares was due to a large number of short sells, which is a bet investors do when they think a stock will go down. The SEC and FINRA say they are evaluating changes to the rules regarding the practice. Joachim Low QUITS as Germany boss as he cuts contract short…
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GameStop shares spiked Wednesday, reaching $348 apiece, only to come crashing down to $172 each early in the afternoon, causing multiple halts in trading of the stock due to volatility. Stocks then moved back up and ended the day at $265, a 7% increase for the day. You’ll want to fix these errors now The IRS never let recipients of the second stimulus check set up direct deposit or fix any bank account errors, resulting in this group needing to claim their missing money as a Recovery Rebate Credit on their 2020 taxes.