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Fintech Focus For February 22, 2021
Sunday, February 21, 2021 - 2:15pm | 2088Read More...Quote To Start The Day: “I think we’ve positioned ourselves as the finance super app because I don’t think people want to go to four, five, and six different solutions to manage their money,” M1 Finance marketing vice president Bob Armour said. “We’re a place...
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Market Experts React To GameStop Hearing: 'Congress Needed To Dig Deeper'
Friday, February 19, 2021 - 3:50pm | 607Read More...The CEOs of Reddit, Robinhood, Citadel Securities and Melvin Capital testified in front of the House Financial Services Committee on Thursday as part of a Congressional inquiry into extreme volatility in GameStop — and Robinhood’s decision to temporarily limit buying of so-called...
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GameStop Congressional Hearing: Robinhood, Citadel Deny Collusion In Prepared Remarks
Thursday, February 18, 2021 - 10:30am | 759Read More...On Thursday, a Congressional committee will attempt to sort through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and stocks like GameStop Corp. (NYSE: GME) that recently experienced extreme surges in volatility. The House...
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Congressional Hearing On GameStop Ahead: What Investors Need To Know
Wednesday, February 17, 2021 - 3:44pm | 637Read More...On Thursday, Congress is taking its first crack at sorting through the stock market drama surrounding Reddit’s WallStreetBets, the trading app Robinhood, hedge fund Citadel Securities and high-flying stocks like GameStop Corp. (NYSE: GME). What Happened? The House Financial Services Committee...
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'This Is Not The Market Participant's Problem': Volatility Arbitrage Trader Talks GameStop, Market Microstructure, Regulation
Monday, February 1, 2021 - 5:13pm | 1560Read More...In 2019, former financial professional Keith Gill, who goes by “Roaring Kitty” on Reddit, began a movement that pushed GameStop Corporation’s (NYSE: GME) stock price as high as $513.12 in premarket trade Jan. 28, after which numerous brokers made the controversial decision to...
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Fintech Focus For January 26, 2021
Monday, January 25, 2021 - 6:54pm | 2086Read More...Quote To Start The Day: The greatest wealth is to live content with little. Source: Plato One Big Thing In Fintech: In financial services, the concept of “know your customer” (KYC) is at the heart of establishing trusted relationships with clientele and strategic partners, while...
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'Peak Stupidity': The End Of The GameStop Short Squeeze Trade?
Monday, January 25, 2021 - 12:46pm | 896Read More...A handful of heavily shorted stocks experienced extremely volatile trading on Monday morning, leading some experts to speculate the 2021 short squeeze trade may have finally run out of steam. The poster child of the short squeeze trade, video game retailer GameStop Corp. (NYSE: GME), traded as high...
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Fintech Focus For January 25, 2021
Sunday, January 24, 2021 - 11:47pm | 3113Read More...Quote To Start The Day: You can't be a real networker unless you’re connected. Source: Michael Gruen One Big Thing In Fintech: Experts say 2021 is poised to see greater adoption and venture capital investment in blockchain technology. That prediction comes as more financial services apps...
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'Continued Economic Rebound': Stock Market Update For The Week Ahead
Sunday, October 18, 2020 - 1:38pm | 1695Read More...The Past Week, In A Nutshell What Happened: Last week ended positive alongside vaccine optimism and a retail sales beat. Remember This: “Regardless of who may win the election, we think the continued economic rebound will support future equity gains,” said Ryan Detrick, chief market...
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Fintech Focus For October 9, 2020
Thursday, October 8, 2020 - 6:04pm | 2287Read More...Quote Of The Day: The only person you are destined to become is the person you decide to be. - Ralph Waldo Emerson Fintech Movers: Electronic trading giant Citadel Securities will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller...
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Citadel Securities Rents Out Palm Beach Hotel For Stock Traders
Wednesday, April 8, 2020 - 2:51pm | 626Read More...Editor's note: this story has been updated with additional details and a comment from Citadel Securities. New York City has been on lockdown for all nonessential businesses since March 22 due to the COVID-19 outbreak. The New York Stock Exchange trading floor is shut down, and Wall...
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Citadel Upgrades SBA Communications To Neutral, Lowers PT To $32
Thursday, August 11, 2011 - 6:02am | 20Read More...Citadel Securities has upgraded SBA Communications (NASDAQL SBAC) from Reduce to Neutral and has lowered the price target from $34 to $32.
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UPDATE: Citadel Securities Upgrades Questcor from Neutral to Edge Positive and Raises PT from $23 to $44
Tuesday, August 9, 2011 - 6:09am | 103Read More...Citadel Securities has published a report on Questcor (NASDAQ: QCOR) raising the price target significantly and upgrading the company's stock from Neutral to Edge Positive. In the report, Citadel Securities wrote, "We anticipate a robust ramp in Acthar revenues from Nephrotic Syndrome based on a...
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Citadel Upgrades Questcor To Edge Positive, Raises PT To $44
Tuesday, August 9, 2011 - 5:12am | 29Read More...Citadel Securities has upgraded Questcor Pharmaceuticals (NASDAQ: QCOR) from Neutral to Edge Positive and has raised the price target from $23 to $44.
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UPDATE: Citadel Initiates Coverage on Forest Laboratories
Monday, August 8, 2011 - 7:06am | 92Read More...Citadel Securities has published a report on Forest Laboratories (NYSE: FRX) initiating coverage on the medicine developer. In the report, Citadel wrote, "We believe Forest revenue growth from fiscal 2013 to fiscal 2016 will be dependent on successful launches of recently approved drugs Teflaro,...
