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An “Angry Mob” On Reddit Is Pushing Up GameStop’s Stock Price And Pissing Off A Bunch Of Wall Street Firms
By encouraging everyday investors, also known as retail investors, to buy up GME stock and increase its price, hedge funds would have to sell out in order to cut their losses from having shorted the stock, which increases the stock price even further. “Hedge funds are getting their asses kicked by the retail investor,” Lindzon…
ULA’s Vulcan rocket launches as the newest challenger to SpaceX
The brand new rocket, United Launch Alliance’s Vulcan Centaur, lifts off from Space Launch Complex 41d at Cape Canaveral Space Force Station in Cape Canaveral, Florida, on Jan. 8, 2024, for its maiden voyage, carrying Astrobotic’s Peregrine Lunar Lander. Chandan Khanna | AFP | Getty Images A new U.S. rocket reached orbit early Monday, and…
Fake Stanley cups are being sold by ‘shady’ scammers, cops warn
Don’t become a pour victim of this popular con. Police are warning about a sharp rise in counterfeit Stanley cups amid a heightened surge in popularity over the portable item — one not to be confused with the coveted National Hockey League trophy. “This past summer, we found them for as cheap as $19. Sounds…
Buying Home and Auto Insurance Is Becoming Impossible
Listen to article (2 minutes) After Allstate suffered billions of dollars in losses and failed to get the rate increases it wanted, it resorted to the nuclear option. The insurance giant threatened last fall to stop renewing auto insurance for customers in three states that hadn’t given in to its demands, which would have left…
Boeing prioritizing diversity and inclusion over flier safety, Elon Musk says after near-catastrophic Alaska Airlines mishap
Elon Musk ripped Boeing over a filing that appeared to show the aeronautical giant two years ago began using diversity, equity and inclusion goals as incentives for executive compensation after previously focusing solely on safety and quality controls. “Do you want to fly in an airplane where they prioritized DEI hiring over your safety? That…
Barclays slashed 5,000 jobs last year in major cost-cutting drive
Barclays slashed its workforce by around 5,000 jobs in 2023 as part of a major cost-cutting drive announced last year, the bank said Monday. The majority of the cuts fell in Barclays Execution Services, the bank’s support unit, the lender said, confirming for the first time Reuters reporting from last November that the lender was eyeing thousands of…
