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NEW YORK (Reuters) - On three hours of sleep a night and with no time to eat, one New York-based hedge fund manager overseeing billions in assets called last week the most stressful of his life.
WARSAW (Reuters) - Video games fan Elon Musk gave shares in Polish games producer CD Projekt a further boost on Thursday after the company's update of its flagship game prompted short sellers to close positions earlier in the week.
WASHINGTON/BOSTON/NEW YORK (Reuters) - Tension, irate questions, people talking over one another, and a cat photo. Thursday's five-plus hour U.S. congressional hearing on GameStop had all of that, as top hedge fund managers, the head of Robinhood, and Roaring Kitty himself answered a barrage of questions over who was at fault in January's trading frenzy.
Exclusive: Treasury's Yellen calls top regulator meeting on GameStop volatility, consults ethics lawyer
WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in shares of GameStop Corp , silver and other stocks favored on social media.
(Reuters) - Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk.
Some of the biggest hedge funds' computer-run strategies – also known as systematic or quantitative – made huge gains in the aftermath of the vote for Brexit.
(Reuters) - GameStop Corp shares rallied on Thursday, finishing with double-digit gains despite a sharp retreat from session highs and leading a surprise resurgence of so-called "stonks" championed online by passionate retail investors.
WASHINGTON (Reuters) -The U.S. securities regulator is considering measures to require big investors to disclose more about short positions, or bets that stocks will fall, use of derivatives to bet on other stock moves and to protect small investors from trading apps that use features common to video games in order to boost risky trading activity.
LONDON (Reuters) - Investors are estimated to have lost $930 million on their short positions in meme stocks GameStop and AMC Entertainment over the last five trading days, data from financial analytics firm Ortex showed on Tuesday.
There’s some irony in the fact that Reddit, an online chat community full of gamers, has propelled GameStop Corp to unbelievable levels. After all, video game fans have loved to hate the struggling retailer for decades.