Skip to main content

White House ‘monitoring’ GameStop share surge as US hedge fund pulls out

Melvin Capital Management had bet on failure of store before small investors sent shares soaring

The White House has said it is “monitoring” the extraordinary surge in the share price of ailing video games retailer GameStop and other companies amid a surge of bets by small investors discussing their investments online.

Wednesday’s announcement by the press secretary, Jen Psaki, came as the Treasury and the Securities and Exchange Commission said they were “aware of and actively monitoring the ongoing market volatility in the options and equities markets”.

Continue reading...

from The Guardian https://ift.tt/3iRRpgK
Labels:

Comments

Post a Comment

Popular posts from this blog

Details of F.B.I.’s Kavanaugh Inquiry Show Its Restricted Range

By MICHAEL D. SHEAR, SHERYL GAY STOLBERG, MAGGIE HABERMAN and MICHAEL S. SCHMIDT from NYT U.S. https://ift.tt/2QhwZyw
Post a Comment
Read more

Sky apologise for Scott Williams’ remark after darts win over German opponent

English player references ‘two world wars and one World Cup’ Williams beat Germany’s Martin Schindler 4-3 in third round Scott Williams has sparked controversy at the PDC world darts championship by referring to “two world wars and one World Cup” after his third-round victory over Germany’s Martin Schindler. Williams won a thrilling encounter by four sets to three as the tournament resumed at London’s Alexandra Palace after its Christmas break. The qualifier fought back from 2-0 and 3-2 down to win the deciding set amid a raucous atmosphere – but it was his post-match interview that caught wider attention. Continue reading... from The Guardian https://ift.tt/e2cVvgH
Post a Comment
Read more