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The real Wolf of Wall Street has declared the current upheaval in the stock market as a ‘paradigm shift’. Speaking on Fox News on Monday night, former stockbroker Jordan Belfort lauded last week’s ‘brilliant’ revolt of retail investors after the share price of video game retailer GameStop surged dramatically as a group of Reddit users teamed … Read more
Adorable moment a mother koala carries her oversized joey as they safely cross the road A koala has been captured carrying her baby on her back as they cross the road The mother-daughter duo were seen venturing out together at Blanket Bay The video was posted to Reddit on Monday, where it was adored by … Read more
Serena Williams’ daughter Alexis Olympia watches from the sidelines as her mother wins her match at the Yarra Valley Classic in Melbourne By Alisha Buaya For Daily Mail Australia Published: 22:57 GMT, 1 February 2021 | Updated: 00:11 GMT, 2 February 2021 Serena Williams smashed her way to success at the Yarra Valley Classic in … Read more
The raw delight with which Reddit and other chat rooms are taking on hedge funds and the financial establishment is understandable. How enticing it is that for a small retail commitment of cash, there is the promise of great gains at the end of the rainbow. It is not just holders of exchange traded funds … Read more
Anarchist investors fuel a silver rush: Reddit trading frenzy engulfs precious metal sending prices to their highest level since 2013 By Lucy White For The Daily Mail Published: 22:06 GMT, 1 February 2021 | Updated: 22:06 GMT, 1 February 2021 The price of silver soared after it caught the attention of traders swapping ideas on … Read more
Reddit traders send silver price to eight-year highs: Precious metal soars 12% as renegade investors pile in to put squeeze on short-sellers Reddit thread r/wallstreetbets had mentions of the hashtag #silversqueeze Spot silver up 12% to $30.17 an ounce – the highest since early 2013 Shares in precious metal miner Fresnillo almost 20% higher By … Read more
A hedge fund manager who suffered massive losses as part of the GameStop feeding frenzy is in the midst of expanding his $44 million Miami Beach home, it has emerged. Gabe Plotkin, who founded Melvin Capital Management in 2014, has seen his company lose 53 per cent of its value in January – in large … Read more
JEFF PRESTRIDGE: As an advocate of investing, it is fantastic that small investors have taken on hedge funds – yet I fear that it could all end in tears By Jeff Prestridge for The Mail on Sunday Published: 21:51 GMT, 30 January 2021 | Updated: 13:18 GMT, 31 January 2021 Hedge fund managers are not … Read more
A Wall Street titan connected to the remarkable Robinhood feeding frenzy abruptly quit Twitter on Friday night, as it emerged that some of the board members of the companies involved have cashed in on the surreal week. Steve Cohen, the financier and owner of the New York Mets, who is worth an estimated $14.6 billion, … Read more
The staggering rally of shares in beleaguered video game retailer GameStop is minting new millionaires, and costing hedge funds billions of dollars – at least on paper. GameStop shares rose another 70 percent on Friday in a staggering rally driven by small investors on the online forum Reddit that has seen the stock surge 1,800 … Read more