Robinhood will allow “limited buying” of GameStop and AMC tomorrow, the company announced late Thursday. The soaring GameStop stock took a hit on Thursday as the free trading platform Robinhood froze the stock along with AMC. GameStop‘s stock – which traded as low as $2.80 in April 2020 – peaked at $467 this morning as…
The financial ratings firm Standard & Poor’s has struck a settlement agreement with the Justice Department and 19 states — including Indiana — in a case that alleged the company defrauded investors. The lawsuit alleged that S&P allowed lucrative fees from investment banks to shape its analysis of those company’s products, despite claiming that its…
Just weeks after taking over both houses of Congress, Republicans are aggressively moving to weaken regulations aimed at reining in big banks and protecting the public. According to the New York Times, Wall Street is holding the strings. “The financial industry has been methodical, drafting technically complicated legislation that can pass the heavily Republican House…
Republican lawmakers hoping to rake in more campaign cash from Wall Street are challenging a U.S. Securities and Exchange Commission rule that limits the amount of money financiers can give to governors and state officials. Last week, the state Republican committees of New York and Tennessee filed a lawsuit aimed at repealing a Securities and…
Recently, Hillary Clinton allowed as how she’s been “thinking” about running for President in 2016. “Thinking” about it? Even a six year old didn’t buy that. When a politician says she (or he) is thinking about running, for an office, it’s like an addict saying they are “thinking,” about taking their next fix. They want…
