Jeff Bezos, Amazon’s Founder, Will Step Down As CEO Via AP News: Jeff Bezos, who founded Amazon and turned into an online shopping behemoth, is stepping down as the company’s CEO, a role he’s had for nearly 30 years. He’ll be replaced in the fall by Andy Jassy, who runs Amazon’s cloud-computing business. Bezos, 57, will then become the company’s executive chair. In a blog post to employees, Bezos said […]
GameStop, AMC Slide As Retail Trading Frenzy Stalls Via Reuters: Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26% and 13%, respectively, in early pre-market trading on Tuesday. A sharp rally in the stocks of companies at the heart of the battle between amateur investors and Wall Street faltered in the previous session, partly as the action shifted to assets including silver. What Is The […]
Global Markets Buoyant As U.S. Stimulus Package Debate Looms Via Reuters: Global stock markets gained for a second day on Tuesday, spurred by increased optimism about economic stimulus and global recovery, while retail investors retreated from GameStop and their new-found interest in silver. Positive momentum from Asia carried through to Europe, with the pan-European STOXX 600 edging up 0.9%. Shares in BP lost 3.8% after it plunged to a $5.7 […]
Elon Musk Says Bitcoin "On The Verge" Of Being More Widely Accepted Via Reuters: Billionaire Elon Musk said on Monday bitcoin was “on the verge” of being more widely accepted among investors as he expressed his support for the cryptocurrency in a chat on social media app Clubhouse that drew thousands of listeners. The comments followed his use of the “#bitcoin” tag on his Twitter profile on Friday, which pushed […]
Global Shares Rally, Retail Surge Drives Silver To 8-Year High Via Reuters: Global shares bounced and silver markets surged on Monday as retail investors expanded their social-media fuelled battle against Wall Street to drive the precious metal to an eight-year high. Stock markets were roiled last week after a spike in retail demand to buy the stocks most bet against by hedge funds drove huge gains in companies such as […]
Texas AG Ken Paxton Issues Civil Investigative Demands to Robinhood Via Breitbart: Texas Attorney General Ken Paxton on Friday issued 13 Civil Investigative Demands to several trading platforms, including the embattled app Robinhood, in the wake of restrictions placed on GameStop stock thanks to traders on Reddit sending its shares soaring this week. “Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding […]
Robinhood Raises $1 Billion From Its Investors: NYT Via Reuters: Trading platform Robinhood Markets is raising an infusion of more than $1 billion from its existing investors, having been strained by high volumes of trading this week, according to a New York Times report nyti.ms/2YrxsnD early on Friday. The company contacted its investors, including venture capital firms Sequoia Capital and Ribbit Capital, who then came together on Thursday night to […]
After Plunge, GameStop And AMC Remain Reddit Darlings Via Reuters: GameStop and AMC Entertainment Holdings remained overwhelmingly favored stocks on Reddit’s top trading forum on Thursday, even as they and other companies at the core of a retail trader frenzy plummeted after online brokerages imposed trading restrictions. Data about posts and comments on Reddit’s Wallstreetbets, aggregated on swaggystocks.com, showed GameStop and AMC were by far the most discussed stocks on […]
GameStop Slugfest Spreads As Calls For Probe Build Via Reuters: The battle between small-time traders and hedge funds that has shaken U.S. and European stock markets moved into Asia on Thursday, with surges in several Australian companies squeezing another batch of financial institutions that have bet on the stocks falling. In Europe, where the trend has already shown up in a jump in the value of Finnish technology company Nokia […]
Mike Church offers no-holds barred commentary on the moral & political decay of the modern world but unlike all other hosts, Mike offers solutions to these ills, solutions rooted in the wisdom of the Fathers, founding and Church!
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