GameStop saga makes Wall Street an presssing issue for Biden group

GameStop saga makes Wall Street an presssing issue for Biden group

by: MARCY GORDON and KEN SWEET, Associated Press

Published: Feb 1, 2021 / 03:42 PM EST / Updated: Feb 1, 2021 / 07:12 PM EST

WASHINGTON (AP) — The drama surrounding the trading in stocks of GameStop, AMC Entertainment, Blackberry as well as other beaten-down companies has instantly thrust Wall Street nearby the top of a crowded selection of problems that President Joe Biden’s regulatory group requires to tackle at the beginning of its term.

a quantity of rich organizations on Wall Street bet the shares of those businesses would fall, and then be thwarted by little investors whom banded together on social media marketing and delivered the prices greater. Most of the tiny investors trade on online platforms such as for example Robinhood, which unexpectedly restricted the buying of shares of GameStop along with other businesses, sparking outrage through the social media marketing audience and politicians alike. 继续阅读“GameStop saga makes Wall Street an presssing issue for Biden group”