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GameStop Corp results - what to expect as financials drop tonight
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GameStop earnings fall short of expectations; retail investors undeterred | Money Smart
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Stocks Rebound After Fed Signals Interest Rates Will Remain Low
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Federal Reserve Will Keep Rates Near Zero
The Federal Reserve Chair, Jerome H. Powell, said on Wednesday that he expects the economy to continue improving this year but plans to keep interest rates near zero until employment increases.
Today, the FOMC kept interest rates near zero and maintained our sizable asset purchases. These measures, along with our strong guidance on interest rates, and on our balance sheet, will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is complete. Indicators of economic activity and employment have turned up recently. Although the sectors of the economy most adversely affected by the resurgence of the virus and by greater social distancing, remain weak. The unemployment rate remains elevated at 6.2 percent in February. This figure understates the shortfal
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Two crossed lines that form an X . It indicates a way to close an interaction, or dismiss a notification. Redditors are coming together once again – this time to adopt gorillas. Marcos del Mazo/LightRocket via Getty Images, Dado Ruvic/Reuters
Since Saturday, Redditors have donated more than $300,000 to a gorilla conservation fund.
One used the name GameStop : the retailer whose stock Redditors sent surging after hedge funds tried to short it.
The fund s homepage now features subreddit Wall Street Bets motto: apes together strong.
Wall Street Bets users on Reddit now have a new target after taking on hedge funds: gorillas.
Roaring Kitty and phishing attacks expose cyber headaches for IBDs
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
March 17, 2021 4 MINS
A question at the start of the pandemic was how would broker-dealers, particularly independent B-Ds that operate on thin margins, adjust to technology and supervision of advisers during Covid-19.
It’s clear that firms had plenty of problems making that transition and now those issues are coming to the fore.
For the past 12 months, firm employees have been out of the office, scattered and working from home, the targets of cyber-attacks known as phishing. Advisers, meanwhile, have been reaching out to clients using unsupervised social media platforms.
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