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The activities of the Reddit chatroom r/wallstreetbets may be far from over as more stocks that are being shorted by Wall Street firms may be pumped again.
Speaking about Bitcoin, Elon Musk stated that the asset “is really on the verge of getting broad acceptance by sort of the conventional finance people.”
The GameStop episode has pushed hedge funds to book billions of dollars in losses. Reports suggest that following it, hedge funds have been moving money out of the market at the fastest rate since 2014.
GameStop (GME) has baffled Wall Street with its recent move as the investors from the Reddit community behind the price pump have forced big hedge funds to square off their short positions.
The revenue growth that Apple recorded in China in the past quarter is not attributed to just the sales of its iPhone brands but also to other products that surpassed expectations.
As AMC and GameStop are in a short squeeze, the CEO of Tilray Brendan Kennedy issued a warning to the companies.
The over 642% surge in the shares of GameStop since January 12 has come as a shock to many Wall Street veterans.
The strong advertising revenue comes from Microsoft’s LinkedIn social network. This also indicates a strong uptick in advertisers’ activity leaving the pandemic woes behind.
Moderna’s top-executives have assured that the vaccine would be effective to a certain degree on the new mutations. However, they are willing to see more results under different conditions. Moderna has received a positive review from field experts as well!
Wall Street investors are optimistic about the results that big tech companies will announce ahead this week. Since all indices are currently at their all-time highs, investors are maintaining caution.
Though Ethereum alone bears the glory with this current milestone, many factors work synergistically to help the coin attain the record ATH.
Pfizer and BioNTech will supply a COVAX program to accelerate vaccine distribution in lower-income countries.
Wall Street remains optimistic about the earnings reports of top tech companies coming next week. While tech leads Nasdaq, the market maintains caution on the hope of approval of the next stimulus bill. Unemployment insurance claims drop for the week ending January 16.
Bitcoin (BTC) tanked more than 10% in one of the sharpest drops so far in 2021. The world’s largest cryptocurrency has shaken the market sentiment following which the overall crypto market lost 10% valuations.
Netflix recorded revenue of $6.64 billion in the past three months versus Wall Street estimates of $6.63 billion and Netflix’s forecast of $6.57 billion.