All about risk
Excerpt:
KEY POINTS
Retail investors such as Reddit users have targeted stocks like GameStop that are heavily shorted by Wall Street.
Some hedge fund losses extended into the double digits.
That could spill over to pension plans. Some invest more than 20% of their assets in hedge funds.
Author: Greg Iacurci
Publication Date: 1 February 2021
Publication Site: CNBC
Excerpt:
GameStop and AMC Entertainment tumbled in overnight trading, then rebounded sharply in the premarket Thursday following a meteoric rally amid a retail buying frenzy.
Shares of the brick-and-mortar video game retailer dropped 15.97% in extended trading, following a more-than 130% gain during regular hours. In premarket trading early Thursday, its shares bounced 30% higher.
The movie theater chain sank 26.58% in overnight trading, after shares soared 300% in extremely heavy trading. Its shares were little changed in premarket trading.
The pair have been popular targets in the “Wallstreetbets” Reddit chat room where a wave of at-home traders focus on heavily shorted stocks, pushing share higher and squeezing out short-selling hedge funds.
Author: Yun Li
Publication Date: 27 January 2021
Publication Site: CNBC
Excerpt:
KEY POINTS
As President Joe Biden takes office, helping the nation through Covid-19 is a top priority.
Social Security will take a back burner for now, yet some experts say that may not be for long.
If successful, big changes to fix the program could secure his presidential legacy, one expert says.
Author: Lorie Konish
Publication Date: 23 January 2021
Publication Site: CNBC