Jordan Belfort -- aka "The Wolf of Wall Street" -- is issuing a stern warning as YOLO fever once again shakes the market via meme stocks ... telling GameStop-ers.. TMZ.com
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
On the morning of May 15, both the S&P and the
Nasdaq hit all-time highs after new data suggested
inflation may be easing in line with expectations.
Quartz reports that the Dow Jones Industrial Average
is also inching toward the record-breaking
40,000 mark, which it almost hit in March. .
According to the latest Bureau of Labor
Statistics data, April saw the Consumer Price
Index, a key gauge of inflation, rise by 3.4%.
At the same time, consumer prices
increased by 0.3%, slowing slightly
from March's 0.4% increase.
The latest data also shows that core prices,
which don't include food and energy, saw the lowest
increase since April of 2021, rising just 3.6%. .
As a result, investors have a sense of
renewed hope that the Federal Reserve will
begin to cut interest rates at some point in 2024.
The latest inflation data was released one day
after the Producer Price Index, which
measures wholesale inflation, increased 0.5%. .
Over the past year, the
index has increased 2.2%.
Shortly after markets opened, the Dow
jumped up 147 points, hitting 39,705, while the
S&P 500 and the Nasdaq saw 0.5% increases.
Shares in GameStop were down 30% after
experiencing a boost earlier this week by
the online return of investor "Roaring Kitten."
Credit: Wibbitz Top Stories Duration: 01:30Published
GameStop stock soared to 110% Monday ... all thanks to a cryptic social media return from viral day trader Roaring Kitty -- who memorably caused this to happen a.. TMZ.com
Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
US Airlines , Accuse China of , 'Harmful Anti-Competitive Policies'.
CNN reports that the United States aviation industry
has urged the Biden administration to pause the
approval of more flights to and from China.
CNN reports that the United States aviation industry
has urged the Biden administration to pause the
approval of more flights to and from China.
According to an open letter, China's
“existing harmful anti-competitive policies”
are affecting U.S. airlines and workers.
The competitive disadvantage
is harmful to the approximately
315,000 workers employed
by U.S. passenger airlines
that serve China, Airlines for America open letter, via CNN.
The letter, addressing Secretary of State Antony Blinken
and Transportation Secretary Pete Buttigieg, was
signed by Airlines for America, an industry lobby group.
The letter, addressing Secretary of State Antony Blinken
and Transportation Secretary Pete Buttigieg, was
signed by Airlines for America, an industry lobby group.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
Members of the group include American Airlines,
Delta and United, along with other unions
representing aviation workers.
If the growth of the Chinese aviation
market is allowed to continue unchecked
and without concern for equality of access
in the market, flights will continue to be
relinquished to Chinese carriers at the
expense of U.S. workers and businesses, Airlines for America open letter, via CNN.
CNN reports that the Biden administration said in February
that it would allow Chinese airlines to increase the
number of direct passenger flights to the United States.
At the time, U.S. officials granted Chinese carriers
approval to make 50 weekly round-trip flights,
increased from 35 amid the COVID-19 pandemic.
Prior to the pandemic,
over 150 weekly
flights were allowed. .
China's Foreign Ministry defended the increased number
of flights, citing a "consensus reached" in November between
Chinese leader Xi Jinping and U.S. President Joe Biden.
China's Foreign Ministry defended the increased number
of flights, citing a "consensus reached" in November between
Chinese leader Xi Jinping and U.S. President Joe Biden
Credit: Wibbitz Top Stories Duration: 01:31Published
United Airlines Among , Major US Carriers Facing, Intense Scrutiny Over Incidents .
'Newsweek' reports that United Airlines has made
national headlines following a string of incidents on
flights to and from the United States in recent weeks.
'Newsweek' reports that United Airlines has made
national headlines following a string of incidents on
flights to and from the United States in recent weeks.
United CEO Scott Kirby released a statement addressing
the recent string of incidents, which included an
engine fire and a door panel blowing off mid-flight.
United CEO Scott Kirby released a statement addressing
the recent string of incidents, which included an
engine fire and a door panel blowing off mid-flight.
Unfortunately, in the past
few weeks, our airline has
experienced a number of
incidents that are reminders
of the importance of safety. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
While they are all unrelated,
I want you to know that these
incidents have our attention
and have sharpened our focus. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
Kirby went on to reassure
travelers that steps were being
taken to address the ongoing issues. .
In the past few years,
we've done a lot at United
to build a new culture, improve
our business and earn your trust, Scott Kirby, United Airlines CEO, via 'Newsweek'.
I'm confident that we'll learn
the right lessons from these
recent incidents and continue
to run an operation that puts
safety first and makes our
employees and customers proud. , Scott Kirby, United Airlines CEO, via 'Newsweek'.
'Newsweek' recently released a timeline of incidents
involving three major U.S. airlines, comparing the
number of incidents over the past 12 months.
From March of 2023 to March of 2024,
American Airlines had 63 incidents reported on
AeroInside, a website that tracks aviation incidents.
Over the same period of time,
Delta Airlines had 70 incidents
reported on AeroInside.
United Airlines tops the list with
79 incidents reported on AeroInside
between March of 2023 and March of this year
Credit: Wibbitz Top Stories Duration: 01:31Published
A passenger traveling with American Airlines was detained by the police for using antisemitic slurs against a flight attendant. The man was taken off the plane for engaging in a verbal and physical fight with the crew and fellow passengers.
#AmericanAirlines #Scuffle #AntisemiticSlurs #IsraelHamas #Jews #WhiteNationalism #Racism #WorldNews #Oneindia #Oneindianews
~HT.178~PR.152~ED.194~GR.124~
Democratic Sen. Elizabeth Warren tells CNN’s Dana Bash she’s “looking forward to” getting to the bottom of what happened on Wall Street last week.
AJ Vanover put about $4,500 into a risky bet on GameStop and followed the saga on the subreddit Wallstreetbets. Now, this Missouri dad who earns $35,000 a year is a millionaire on paper. CNN’s Jon..
A Colorado man filed a federal lawsuit against Robinhood and other stock trading platforms after suffering what his attorney referred to as "significant financial losses" in the complaint.
Credit: 7News - The Denver Channel Duration: 02:29Published
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