stocks

Stocks made simple; the essentials of stock trading and how stocks are priced, bought and sold.

GameStop has officially appointed Ryan Cohen as its Chief Executive Officer, with immediate effect. It is noteworthy that Mr. Cohen will not be receiving any remuneration for his services in this role.
On Thursday morning, GameStop announced that Ryan Cohen, a billionaire activist investor, would assume the positions of Chief Executive Officer, Chairman, and President of the video game retailer with immediate effect. Notably, Cohen will not be receiving a salary for his services. Following the announcement, the company's shares experienced an initial surge in premarket trading, but subsequently fell by over 3% after the market opened. On Wednesday, GameStop's board, with Cohen abstaining, voted unanimously to appoint him as the retailer's top executive. Cohen had previously served as Executive Chairman, but will relinquish this role upon his latest appointment, as per a securities filing. According to a news release, Cohen will not be remunerated for his work.
By Jaher A Chowdhury3 years ago in Trader
Amazon takes on Microsoft as it invests billions in Anthropic
It is the latest multi-billion dollar investment in a race among the big tech firms to exploit the potential of artificial intelligence.
By Sunny Douglas3 years ago in Trader
"The Fed's Potential Decision: A Positive Outlook for Americans"
Introduction: The Federal Open Market Committee stands at a pivotal crossroads, facing the daunting task of steering the nation's economic ship through the turbulent waters of inflation and a rapidly changing global landscape. On Wednesday, the Committee will announce its decision on whether to raise interest rates once more or hit the pause button. This decision comes on the heels of a worrisome uptick in inflation, with the Consumer Price Index surging by 3.7% year-over-year in August. Despite the challenges, there's a glimmer of hope on the horizon, and many economists are feeling cautiously optimistic about the Fed's potential move and its implications for the American economy.
By shani jay3 years ago in Trader
China bans the use of Apple iPhones among government officials
China is apparently prohibiting authorities from using Apple's iPhones and other foreign-branded smartphones for work. According to the Wall Street Journal, authorities were warned in recent weeks via chat groups and meetings, and the prohibition comes only weeks before Apple releases its next iPhone. Today's share price is down roughly 4%. It's difficult to estimate how large a damage that would be because we're only talking about government employees who would be barred.
By Yasmim Schüller Pinheiro3 years ago in Trader
So You Want to invest? Right?
Have you ever thought about investing? Risky business, I do know this. I have considered this myself. We see movies like Risky business, Wolf of Wallstreet, and more. Protagonist puts everything all in or nothing, then loses everything.
By Emily Curry (Rising Phoenix)3 years ago in Trader
De-risking ahead of Fed Chair’s Jackson Hole speech
Initial gains in Wall Street reversed sharply overnight, with Nvidia’s stellar results hit with a sell-the-news market reaction, as market participants de-risk ahead of Fed Chair Jerome Powell’s Jackson Hole speech later tonight. The VIX was up 7.6% as a reflection of increased hedging activities, while market sentiments (from the CNN Fear and Greed Index) have fallen back into ‘fear’ territory for the first time since March this year.
By MecAsaf3 years ago in Trader
Retreat in US yields and Nvidia’s Earnings Provide Some Calm
Market Recap Market participants piled back into tech stocks overnight, as a retreat in the US 10-year Treasury yields from its 16-year high eases some market anxiety for a high-for-longer rate outlook. Downside surprises in US flash purchasing managers index (PMI) numbers have reflected a sharper moderation in demand for both the manufacturing (47 vs 49.3 forecast) and services (51 vs 52.2 forecast) sectors, which may challenge hawkish bets. This follows after bond yields turned lower in Europe on weaker-than-expected PMI readings as well. The S&P 500 now seems to be eyeing a reclaim of its 50-day moving average (MA), which has given way just last week.
By MecAsaf3 years ago in Trader
Gold (XAU/USD) Holds High Ground Despite the DXY Advance, Where to Next?
Gold prices may have fallen back slightly from a 2-week high but remains up around 1.31% at the time of writing and on course to snap a 4-week losing streak. Gold has been a surprise this week given the early rise in US yields as well as strength in the Dollar Index (DXY) for the majority of the week.
By MecAsaf3 years ago in Trader
Jerome Powell's speech
Jerome Powell's speech at the opening of the annual economic symposium in Jackson Hole did not go over well with financial markets. The indices on the New York stock exchanges went into the red after the president of the Federal Reserve (Fed) fueled even more uncertainty about the course of US monetary policy until the end of the year. However, they returned to green, showing strong hesitation.
By MecAsaf3 years ago in Trader
Creatd CEO Jeremy Frommer Publishes Open Letter to Shareholders Addressing Declining Stock Values
Dear Creatd Shareholders, I am reaching out to address recent developments and concerns related to Creatd, Inc. As the Chairman and CEO of Creatd, Inc., I understand the weight of responsibility that rests on my shoulders, and I take all shareholders’ concerns to heart.
By Jeremy Frommer3 years ago in Trader
Stunning Disclosure: How I Nearly Got Hacked and Defrauded, Yet Was Saved - My Story
In the core of the clamoring city, Thomas ended up remaining at the edge of a monetary cliff. He had been given an amazing chance - an opportunity to put a significant $100,000 into seemingly a promising venture. In any case, where it counts, question bothered him like a steady murmur in obscurity. Rather than capitulating to his own vulnerability, Thomas went to his confided in companion, William, a guide of shrewdness in his life. He welcomed William over for some espresso, and as they sat in his comfortable front room, Thomas really wanted to give everything away about the venture opportunity that had been keeping him up around evening time. William, a carefully prepared financial backer himself, inclined forward and said, "Thomas, I've been in circumstances like this previously. At times, a subsequent assessment can have a significant effect." With a consoling grin, he proceeded, "Have you known about WikiBit?" Thomas shook his head, his interest provoked. " What's WikiBit?"
By Jeffrey morzart3 years ago in Trader
Unveiling eToro's Secure Crypto Trading Platform: A Comprehensive Analysis
Introduction: In the rapidly evolving world of cryptocurrency trading, eToro has solidified its reputation as a dependable platform offering unique opportunities to traders and investors. This article presents a detailed exploration of eToro's secure crypto trading platform, delving into its distinctive features, robust security measures, and the manifold advantages it offers to those looking to venture into the world of digital asset trading. By examining the core facets of eToro's platform, readers will gain a comprehensive understanding of the safety measures, features, and opportunities that eToro brings to the forefront of secure crypto trading.
By Tushar Manwani3 years ago in Trader