GameStop’s eagerly anticipated annual shareholder meeting was marred by technical problems that left investors frustrated and disappointed. The meeting, scheduled to start at 11 a.m. ET, was hosted on ComputerShare, but many users encountered error messages when trying to access the event. Social media platforms were flooded with complaints about the inability to load the
Christina Lewis, the daughter of Reginald Lewis, founder of TLC Beatrice International, had her first asset allocation meeting with a wealth manager at the age of 13. After facing a tragic loss and inheriting a large fortune, she went on to work with multiple wealth managers over the years. Her experience led her to create
On Thursday, the U.S. stock market saw mixed results as investors reacted to the release of May’s producer price index data, suggesting that inflation pressures may be starting to ease. While the S & P 500 dipped slightly, it continued to hover near record highs. Additionally, higher than expected weekly jobless claims hinted at a
The ongoing debate in Congress on the topic of trillions in expiring tax breaks has brought to light several Democratic proposals for increasing taxes on corporations and wealthy individuals. Advocates of these plans argue that higher taxes on the rich are necessary to address income inequality and the growing federal budget deficit. One of the
British fintech firm Revolut has made a significant announcement regarding its official headquarters in London. The company has revealed its plans to relocate its global headquarters to the YY London building in Canary Wharf, London’s major financial district. This move marks a strategic decision for Revolut as it aims to strengthen its presence in the
The financial technology industry is undergoing a significant shift, with industry insiders suggesting that the sector has hit a “bottom” in terms of valuations. During the Money20/20 event in Amsterdam, executives and investors expressed their belief that the market has corrected itself from the unsustainable highs seen in 2020 and 2021. This recalibration signifies a
Foundation Robotics Labs, a startup founded by the CEO of bankrupt fintech firm Synapse, has recently come under scrutiny for its fundraising tactics. The company has been seeking funds from Silicon Valley investors by making bold claims about its relationship with General Motors (GM) and its imminent investments. However, these claims have been refuted by
The sell-off in GameStop shares on Wednesday afternoon was further intensified by a spike in trading volume in the call options owned by Keith Gill, also known as “Roaring Kitty.” Despite the lack of confirmation, options traders speculate that Roaring Kitty may have been behind the surge in trading activity, as he is a significant
Broadcom recently released its earnings report for the second fiscal quarter, surpassing analysts’ expectations. What caught the attention of many investors was the announcement of a 10-for-1 stock split, which is set to take effect on July 15. This news resulted in a significant boost in the company’s stock price, which surged by about 10%
The Federal Reserve recently held its two-day meeting and decided to keep its key interest rate unchanged, providing a signal that only one rate cut is expected before the end of the year. This decision came as a surprise to many market participants who were hoping for a more accommodative stance from the central bank.