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September 25, 2021

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Elizabeth Holmes’ lawyers request potential jurors be quizzed about her celebrity

CNBC
CNBC – For more and to sign up click here Former Theranos CEO Elizabeth Holmes exits a status hearing for her upcoming criminal fraud trial. SAN JOSE, CALIF. — Elizabeth Holmes’ attorneys on Monday requested that they be allowed to ask jurors about bias and exposure to Holmes’ “profession and......

Reddit, fresh off a $10 billion valuation, plans a strong international push, CEO says

CNBC
CNBC – For more and to sign up click here Reddit will use its new funding to further its international presence and explore more content types, co-founder and CEO Steve Huffman told CNBC on Friday.  “First order of business is make Reddit awesome. Make Reddit faster, more relevant, help it......

Market may be in the ‘biggest bubble of my career,’ all-star investor Rich Bernstein warns

CNBC
CNBC – For more and to sign up click here An Institutional Investor Hall of Famer sees an urgent need for investors in some of the most popular trades to diversify. Rich Bernstein, who has spent decades on Wall Street, is waving the red flag on long-duration assets ranging from......

PNC’s top investor predicts retail mania’s downfall, delivers correction warning

CNBC
CNBC – For more and to sign up click here PNC Financial’s Amanda Agati is predicting the retail frenzy’s downfall. When the government starts eliminating stimulus policies intended to help the nation weather the pandemic, the firm’s chief investment officer believes retail investors will hesitate to put new money to......

Delta variant surge will crush reopening stocks, longtime market bear David Rosenberg suggests

CNBC
CNBC – For more and to sign up click here Investors may want to start August by lightening up on the reopening trades. Longtime market bear David Rosenberg warns surging Covid-19 delta variant cases paired with the culmination of fiscal stimulus will crush stocks tied to the economic recovery. “We......

Clean Energy Fuels CEO says enthusiastic Reddit traders understand the company’s potential

CNBC
CNBC – For more and to sign up click here Clean Energy Fuels CEO Andrew Littlefair on Thursday addressed the recent enthusiasm for his company’s stock forged on online forums like Reddit. “I’ve read a lot of these posts, it seems like they get it,” Littlefair told CNBC’s Jim Cramer......

All-star investor Rich Bernstein warns bitcoin is a bubble, sees oil as the most ignored bull market

CNBC
CNBC – For more and to sign up click here Institutional Investor Hall of Famer Richard Bernstein is sounding the alarm on bitcoin. He warns bitcoin is a bubble and crypto fever is pushing investors away from the market groups positioned to grab the biggest gains, particularly oil. “It’s pretty......

‘Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest

CNBC
CNBC – For more and to sign up click here Retail traders are taking a fresh look at Wendy’s. Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account......

Clover Health, Wendy’s surge as the Reddit trading mania spreads

CNBC
CNBC – For more and to sign up click here Passionate day traders glued to their Reddit message boards have found some new targets — Clover Health and Wendy’s — pushing shares up double digits on Tuesday. Shares of Clover Health, a Medicare insurance start-up that went public via Chamath......

Reddit and global news sites including FT, New York Times and Bloomberg experience outage

CNBC
CNBC – For more and to sign up click here Cofounder and executive chair of Reddit, Alexis Ohanian. Jerod Harris | Getty Images Reddit and global news websites including the FT, New York Times and Bloomberg are experiencing an outage, with some users unable to access the sites. Some visitors......

Reddit mania and inflation risks are a recipe for a serious summer pullback, BTIG’s Julian Emanuel warns

CNBC
CNBC – For more and to sign up click here BTIG’s Julian Emanuel believes the Reddit frenzy will play a major role in a deep market sell-off this summer. On CNBC’s “Trading Nation” on Monday, Emanuel compared the current backdrop to late January when the mania was firing on all cylinders.......

Ron Insana: The so-called Reddit Rebellion in markets is nothing more than rank speculation

CNBC
CNBC – For more and to sign up click here Aleksandr Sumarokov / EyeEm | EyeEm | Getty Images Some people believe the Reddit gang bidding up meme stocks like AMC won’t lead to ruin for themselves and that the movement is a positive thing for investing overall. They are......

Wall Street should brace for ‘larger than normal price swings,’ PNC’s chief investment officer warns

CNBC
CNBC – For more and to sign up click here A top investor expects volatility to dominate Wall Street for months. Amanda Agati, PNC Financial’s chief investment officer, lists stretched market valuations, Federal Reserve taper chatter and the end of stimulus checks as troubling forces in the market. “You have......

Blackberry jumps more than 20% as Reddit users promote the stock

CNBC
CNBC – For more and to sign up click here The WallStreetBets forum on the Reddit Inc. website on a laptop computer and the logo on a smartphone arranged in Hastings-On-Hudson, New York, U.S., on Friday, Jan. 29, 2021. Tiffany Hagler-Geard | Bloomberg | Getty Images Shares of Blackberry surged......

‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC

NYPost
Charles Gasparino AMC Entertainment’s biggest concern, aside from recovering from COVID-19 losses, is its new batch of shareholders treating it as a “meme” stock. Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

AMC shares pop again Friday, as the Reddit favorite more than doubles in a week on huge volume

CNBC
CNBC – For more and to sign up click here An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Shares of AMC Entertainment jumped double digits in premarket trading on......

AMC Entertainment shares shoot up 35% as Reddit traders double down

CNBC
CNBC – For more and to sign up click here Shares of AMC Entertainment soared again on Thursday as speculative trading activity skyrocketed in the movie theater chain’s stock among Reddit-obsessed day traders. The stock surged as much as 47% Thursday and ended the session 35.6% higher at $26.52, pushing......

GameStop shares jump after the Reddit favorite raises $551 million in stock sales

CNBC
CNBC – For more and to sign up click here GameStop‘s stock price climbed in extended trading Monday after the video game retailer said it sold 3.5 million additional shares, raising $551 million to speed up the company’s e-commerce transformation. The stock, favored by the Reddit retail trading crowd, jumped 15%......

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