Senator Elizabeth Warren has recently accused Federal Reserve Chair Jerome Powell of favoring the financial industry over the well-being of American citizens. Warren’s accusations stem from reported changes to a set of regulations known as Basel III Endgame, which aims to increase the capital cushion that large American banks are required to hold. Warren expressed
Global Finance
Starboard Value, the well-known activist hedge fund led by Jeff Smith, has recently acquired a significant stake in graphics-design firm Autodesk. The firm has expressed serious concerns regarding Autodesk’s disclosure practices related to an internal investigation that ultimately led to the removal of their CFO. The activist fund’s stake in Autodesk is said to be
Investors concerned about concentration risk in the market should consider shifting towards value-oriented investments. According to Avantis Investors chief investment strategist, Phil McInnis, taking a more diversified approach can potentially yield better returns in the long run when compared to simply investing in index funds like the S&P 500. Avantis’ U.S. Large Cap Value ETF
The financial technology industry is seeing a slump in investment, but one startup is defying the odds. CleverCards, a Dublin-based firm, has secured an impressive 8 million euros in funding to tackle the issue of employees abusing corporate expenses. By leveraging technology, CleverCards aims to provide companies with a digital platform linked to configurable expense
The financial technology industry has experienced a significant shift in recent years, with industry executives and investors indicating that the sector has reached a “bottom.” This observation suggests a departure from the unsustainable highs of 2020 and 2021 when venture capital flowed into startups with ambitious ideas but lacking in solid business metrics and fundamentals.
Foundation Robotics Labs, a humanoid robotics startup, has been making bold claims in order to secure funding for their seed round. The company, cofounded by the CEO of bankrupt fintech firm Synapse, has been telling potential investors that they have close ties and an imminent investment from General Motors. However, upon further investigation, it has
The recent sell-off in GameStop shares has intensified, causing concern among investors and traders alike. The spike in trading volume, particularly in call options, owned by meme stock leader Roaring Kitty, also known as Keith Gill, has raised eyebrows regarding the future direction of the stock. With 120,000 call options contracts with a strike price
The Federal Reserve held its key interest rate steady in its recent meeting and indicated that only one cut is expected before the end of the year. Despite market expectations for a more accommodative stance, the Federal Open Market Committee decided to take two rate reductions off the table from the three indicated in March.
As Roaring Kitty, also known as Keith Gill, closely monitors the rollercoaster ride of GameStop shares, he faces a daunting decision regarding his substantial options position that is rapidly approaching expiration. Gill currently holds onto 5 million GameStop common shares and an eye-popping 120,000 call options, involving a massive 12 million shares underlying those calls.
GameStop, the video game company at the center of a recent meme rally, announced that it raised more than $2 billion through a stock sale. The retailer completed an at-the-market equity offering by selling 75 million shares, generating proceeds of $2.14 billion. This move was seen as a strategic decision to capitalize on the renewed
Apple device users will soon have the option to access buy now, pay later loans through Affirm for their purchases. This collaboration between the two companies is set to provide more payment choices for U.S. Apple Pay users on their iPhones and iPads. Affirm stated that this partnership will allow users to experience the convenience
GameStop has experienced a drastic drop in its shares, with a staggering 14% decrease on Monday following a disappointing earnings report. This decline was further compounded by a lackluster livestream by Keith Gill, also known as Roaring Kitty. The stock, which had already fallen by nearly 40% on Friday, hit a new low of $24