When GameStop’s stock surged with the help of amateur traders and Reddit’s r/wallstreetbets in January, the traditional financial world was taken almost entirely by surprise.
CNN’s Chris Cillizza explains the politics at work in the stock’s surge — and how it connects to some of the same ideas pushed by former President Donald Trump.
The head of trading app Robinhood and Wall Street hedge fund managers on Thursday fielded a barrage of questions in the U.S. Congress about their role in the GameStop trading frenzy, at times being cut off by irate lawmakers. This report produced by Lisa Bernhard.
Keith Gill, a Reddit user and YouTube streamer known as Roaring Kitty who promoted his investment in GameStop, gave testimony in a Congressional hearing on Thursday.
Former US Ambassador to the United Nations Nikki Haley now says she would step aside and support former President Donald Trump if he wants to run for president again in 2024. In this latest episode of The Point, CNN’s Chris Cillizza explains why Haley changed her tune on 2024 in just a few short months.
Hate crime legislation intended to combat violence against Asian Americans during the COVID-19 pandemic advanced in the U.S. Senate on Wednesday, easily overcoming the Senate procedural tool known as the filibuster. Gloria Tso reports.
President Joe Biden said on Wednesday he will begin withdrawing the last U.S. troops from Afghanistan on May 1 to end America's longest war, rejecting calls for U.S. forces to stay to ensure a peaceful resolution to that nation's grinding internal conflict. Gavino Garay reports.
Robinhood CEO Vlad Tenev on Thursday defended the online brokerage app's actions during the recent Reddit rally in shares of GameStop, saying: "Robinhood Securities put the restrictions in place in an effort to meet increased regulatory deposit requirements, not to help hedge funds. We don't answer to hedge funds. We serve the millions of small investors who use our platform every day to invest."
Even though Joe Biden was known as a pragmatic dealmaker, he has taken a bold, radical approach to the beginning of his presidency. In this latest episode of The Point, CNN’s Chris Cillizza explains Biden’s unexpected direction in the wake of the post-Trump era and Covid-19.
Conventional wisdom suggests the best-case scenario for Joe Biden is for Democrats to sweep the two Senate runoffs in Georgia in January – putting Democrats in control of both sides of Congress as well as the White House. However, Chris Cillizza argues in his latest episode of The Point that a divided Congress may actually be a good thing for Biden.
A recent “60 Minutes” report that detailed Florida’s vaccine rollout and Gov. Ron DeSantis’ role in it, but the network landed in some hot water after several Democratic lawmakers pushed back on its reporting that Publix, a grocery store that had partnered with the state to distribute vaccines, had donated $100,000 to Gov. Ron DeSantis’$2 2022 reelection campaign. In this latest episode of The Point, CNN’s Chris Cillizza explains how DeSantis is using the “60 Minutes” drama to appeal to his Republican base.
Former Republican House Speaker John Boehner’s essay adapted from his new memoir has a fascinating anecdote that shows why Fox News turned toward conspiracies after Barack Obama was elected. In this latest episode of The Point, CNN’s Chris Cillizza explains how Fox News’ stranglehold on the GOP has fundamentally transformed Republican politics.
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