We start with an Epic Battle Raging On Wall Street that has seen small time Amateur Investors take on the titans of the hedge fund industry. Its all centred around this company the struggling us computer Game Retailer gamestop. It shares have soared at much as 1700 after a group of private investors used online forums to drive up their price. And that has raised serious questions about how Financial Markets operate in the era of social media, as paul hawkins reports. This is a story of david versus goliath, of the amateur online investor beating the Big Traditional Wall Street traders. At the centre of it, gamestop, a struggling American Retailer Selling dvds and video games. A number of the Wall Street Traders picked up on its problems and bet money that its share price would fall, known in the business as shorting a stock. Only for this particular stock, Amateur Investors swapping tips on the social media site reddit saw it as an opportunity. They bought shares, which actually drove
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Just like covered california helps you find Health Insurance you can afford. Theyre the only place you can get Financial Assistance to help pay for Health Coverage. Plus, this year, the state is providing more help than ever before. And because a new law requires californians to have Health Coverage or pay a penalty, covered california has made it easier to get financial help, but you gotta sign up by april 30th. Visit coveredca. Com or call to enroll today. Good evening. Thank you for joining us. Im byron pitts. What about our economy. Tonight, in our nations war against covid19, a call to arms by some of the Biggest Companies on the planet. Walmart, amazon, and other business behemoths announcing they need workers. But for the estimated 14 million jobs in jeopardy, those workers, their families, need help right now. Hello. Hey, man, this is byron pitts from nightline. How are you doing . Its been just a few hours now since danny smiley got the news hed been dreading. His job of 17 ye
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