Schwab adds 3.2 million new brokerage accounts in first quarter – more than all of 2020

Pedestrians pass in front of a Charles Schwab bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Retail investing behemoth Charles Schwab added more clients in the first three months of 2021 than in all of 2020. Schwab added a record 3.2 million new clients in the first quarter of 2021. … Read more

Venture funding soared to record $64 billion in Q1

Coming off a boom year for the tech industry, investors spent the early part of 2021 pouring money into food delivery companies, online brokerages and Elon Musk’s SpaceX, leading to a record quarter for U.S. venture funding. Venture-backed companies raised $64 billion in the first three months of the year, according to analysis this week … Read more

GameStop shares jump after company says it plans to name Ryan Cohen chairman

Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop announced Thursday that the Chewy co-founder Ryan Cohen will become its chairman following the company’s annual shareholder meeting, which is scheduled for June 9. The retailer’s shares jumped … Read more

GameStop shares drop as much as 14% after Reddit-driven name plans a $1 billion stock sale

John Smith | Corbis News | Getty Images Shares of GameStop tumbled by double digits on Monday after the video game retailer said it may sell up to $1 billion worth of additional shares following a historic Reddit-fueled short squeeze. GameStop saw its stock drop as much as 14% to around $164.81 apiece after announcing a stock … Read more

GameStop shares drop 12% after announcing plan to sell up to 3.5 million shares

A GameStop store is pictured in New York, January 29, 2021. Carlo AllegriI | Reuters GameStop shares fell 12% on Monday after the video game retailer said it may sell up to 3.5 million shares as it tries to take advantage of the stock price surge following the Reddit-driven trading frenzy earlier this year. The … Read more

Cramer: What it means for stocks now that the pros are taking back control from retail daytraders

Jim Cramer Scott Mlyn | CNBC The “great reopening trade” is being led by investment professionals at the expense of retail daytraders who got interested in the stock market during this year’s “WallStreetBets revolution,” CNBC’s “Mad Money” host Jim Cramer said Friday. “The money managers have taken back control of the market. And they don’t … Read more

Cramer says GameStop remains overvalued, despite promising Q4 report

CNBC’s Jim Cramer on Wednesday said there’s promise in GameStop‘s turnaround story, though he thinks the company remains overvalued after its most recent quarterly report. “I’m much more of a believer than I was yesterday, but I also think you’re taking your life in your hands if you buy the stock up here,” the “Mad … Read more

Cramer’s week ahead: The bond market is dictating stock trading

Tech stocks climbed Friday to end the week on a high note, but CNBC’s Jim Cramer expects more downside in the tech cohort as investors continue to rotate out of high-growth names. “Like it or not, stocks are joined at the hip with the bond market right now,” the “Mad Money” host said. As bond … Read more

Here are Wednesday’s biggest analyst calls of the day: Amazon, Monster, GameStop, Dick’s & more

Here are the biggest calls on Wall Street on Source link

Palantir CEO rips Wall Street for its ‘destructive’ and ‘corrosive’ short-term focus

Palantir Technologies CEO Alex Karp sharply criticized Wall Street on Tuesday, saying there’s too much emphasis on near-term gains at the expense of developing healthy, long-lasting companies. Karp made the comments in an interview with CNBC’s Wilfred Frost as part of an event hosted by The Executives’ Club of Chicago. The remarks were later aired … Read more