Asset Management Culture
The GameStop Woes Keep Plaguing Melvin Capital
A spate of legal complaints have been filed against the hedge fund over the past two months, as retail investors cry conspiracy and foul play.
Tag: Reddit
Newsmakers
A Washington Beating for Robinhood’s CEO
The GameStop congressional hearings expose fractures in the online brokerage’s business model: its trading halt, margin level, and fee policy.
How to Prevent a K-Shaped Recovery
Changes to the capital markets, higher taxes for the rich, tougher antitrust enforcement, enhanced education—all get proposed as cures. If the problem can’t be solved, the economy may suffer long-term.
Market Moves
Why the GameStop Explosion Won’t Destroy the Stock Rally
Veteran stock seer Jack Ablin sketches out how come last week’s disruption lacks the oomph to derail the market.
Market Moves
How GameStop’s Robinhood Boosters Are Clobbering Hedge Funds
A ‘flash mob with money,’ their enthusiasm for the ailing retailer’s stock has lost short sellers a reported $23.6 billion.