The company, Evergrande, accumulated $305 billion in debt through a business model that some have deemed “the biggest pyramid scheme [in] the world.” Evergrande Can’t Pay...
Investors quickly began selling off sizable amounts of their crypto holdings Thursday amid reports that President Joe Biden will soon propose doubling the capital gain tax...
On Monday, the United Kingdom became the latest country to consider a central bank-backed digital currency. While that currency isn’t technically a cryptocurrency like Bitcoin and...
Robinhood users found themselves unable to buy or sell cryptocurrency Thursday night, an issue reminiscent of the app’s decision to restrict GameStop trades earlier this year....
Chinese regulators slapped Alibaba with a $2.8 billion fine for monopolistic practices on Saturday, which amounts to 4% of the e-commerce mega-giant’s domestic sales. Regulators accused...
Short-sellers betting against GameStop’s success lost $664 million Wednesday, followed by $1.19 billion on Thursday. The losses come as share prices for the video game retailer...
GameStop share prices surged from around $50 midday Wednesday to $170 Thursday morning in pre-market trading, marking the company’s second massive share spike in 2020. Some...
On Friday, Reddit administrators appeared to resolve what had been described as a “coup” on the WallStreetBets subreddit. The situation began earlier in the week when...
After billionaire Elon Musk tweeted the word “Doge,” prices for the joke cryptocurrency Dogecoin immediately soared from four cents to almost six cents. Last week, Musk...
Robinhood co-CEO Vlad Tenev will reportedly testify before the House Financial Services Committee on Feb. 18. Committees in both the House and Senate have announced investigations...
