Anthony Scaramucci Predicts That GameStop Gate Is The ‘French Revolution Of Finance’

Former White House Press Secretary Anthony Scaramucci claimed on social media that the coordinated effort to inflate the price of GameStop stocks is the start of the “French Revolution” in the business world. As was previously covered by The Inquisitr, Wall Street was stunned on Wednesday after a large number of members from Reddit group […]

Ja Rule, Alexandria Ocasio-Cortez, And Donald Trump Jr. Unite In Slamming Wall Street For Halting GME Sales

The stock-trading platform Robinhood and other Wall Street brokers are coming under fire after blocking users from buying GameStop and other stocks that have become a target for the Reddit community r/WallStreetBets — even uniting two figures from far ends of the political spectrum and a rapper in opposition to the move. Users on the […]

GameStop Stocks Surge Thanks To Reddit-Fueled Frenzy

Video game retailer GameStop continued its meteoric and unexpected stock surge on Wednesday morning, with the price of shares surging another 130 percent in pre-market trading, as reported by Reuters. The jump is part of a two-week trend fueled by amateur investors and has seen the company’s stock rise by 700 percent. GameStop, and BlackBerry […]

JP Morgan CEO Jamie Dimon Says He Is ‘Scared Sh*tless’ Over Big Tech’s Move Into Finance

JPMorgan Chase CEO Jamie Dimon has expressed his fears about the future of both traditional banks and the country at large following the growth of Big Tech into the financial industry. The companies referenced by Dimon include well-known behemoths such as Amazon, Apple, and Google in addition to more business-focused apps such as Square, Stripe, […]

Billionaire Investor Warns ‘There’s Just Too Much Debt In The System,’ Predicts Stock Market Will Suffer

Billionaire investor Leon Cooperman, who serves as the chairman and CEO of Omega Advisors, has warned that he is pessimistic about the long-term future of the stock market due to “too much debt” in the United States’ business and financial systems. According to CNBC, Cooperman specifically pointed to the combination of the U.S.’s increasing national […]

US Stock Market Rallies Despite Uncertainty Of Closely Contested 2020 Presidential Election

U.S. stocks have rallied recently despite the ongoing uncertainty over whether Donald Trump or Joe Biden will win the 2020 presidential election. According to CNN Business, Wall Street was facing a difficult period earlier in the week as the unpredictability of counting votes in key battlegrounds could have taken days or weeks, which subsequently affected […]

‘Mad Money’ Host Jim Cramer Warns Next Few Days Will Be ‘One Of The Most Confusing Weeks Of My Career’

Mad Money host Jim Cramer has claimed that he already feels as if the upcoming 2020 U.S. presidential election will mark “one of the most confusing weeks” of his career. The confusion extends beyond politics. As was covered by CNBC, Cramer explained that markets do not like uncertainty, and a fiercely partisan election would likely […]

‘My401K’ Trends After Donald Trump Claims Retirement Accounts Will ‘Crash’ With Joe Biden At Helm

Donald Trump warned Americans that voting for Joe Biden will negatively impact their 401(k) savings and could kick millions of people off private health care. As a result, social media users began tweeting messages with the hashtag “My401K” to express how the president’s job over the past four years has impacted their lives. “Your 401k’s […]

Donald Trump Slams The Federal Reserve As ‘Wrong So Often,’ Says He Does ‘Much Better’

Donald Trump took to Twitter to criticize the Federal Reserve this morning while also providing hope that the U.S. would soon have both a vaccine and therapy for COVID-19. “The Federal Reserve is wrong so often. I see the numbers also, and do MUCH better than they do. We will have a very good Third […]

Andrew Cuomo Rings The Bell To Reopen The New York Stock Exchange

On Tuesday morning, New York Governor Andrew Cuomo rang the bell to reopen the New York Stock Exchange (NYSE), which has been closed for two months as a result of the coronavirus pandemic, the Associated Press reported. People on the trading floor allegedly cheered as the governor kicked off the first day of in-person trading […]

Stock Market Under Donald Trump Remains Slower Than In Barack Obama’s Term, Despite Boasts Of ‘Record’ Highs

As 2019 headed toward a conclusion, Donald Trump took to Twitter to boast of what he called “record” gains in the stock market, claiming on December 23 that the market closed “AT ALL-TIME HIGH!” “What a great time for the Radical Left, Do Nothing Democrats to Impeach your favorite President,” Trump complained. Reportedly, Trump boasted […]

Donald Trump Repeatedly Warned His Impeachment Would Crash The Economy, But Stock Market Soared Afterward

Donald Trump had warned repeatedly in recent months that if he were to be impeached, the stock market would crater and the economy would crash. Instead, the stock market soared in the weeks since the impeachment process started and another sharp upturn immediately after the House voted to impeach the president. As the Independent noted, […]

Just 24 Hours After Saying Impeachment Is Hurting Stock Market, Donald Trump Boasts Stock Market Is ‘Up BIG!’

On Thursday, at the same time that the House of Representatives was voting to formalize rules for the impeachment process against him, Donald Trump took to his Twitter account. Impeachment, he warned, “is hurting our Stock Market,” adding that “The Do Nothing Democrats don’t care!” as quoted by The Washington Post. But approximately 24 hours […]

Top Wall Street Investment Firm Predicts Stock Market Rally If President Trump Resigns

As President Donald Trump faces an intense impeachment inquiry brought on by House Democrats in response to his July 25 phone call in which he reportedly pressured the Ukrainian president for information on his potential 2020 presidential competitor, analysts are already running the numbers on the consequences of a presidential resignation from office. According to […]

Stocks Plunge Amid Fears Of An Upcoming Recession

Wall Street was down sharply on Wednesday after weak results from China and Germany prompted fears of a coming recession. According to The New York Times, the S&P was down 1.5 percent, Nasdaq Composite dropped 1.7 percent, and the Dow tumbled 650 points as concerns about the global economy signaled trouble for the U.S. Investors […]

Global Financial Meltdown Draws Nearer As U.S. Corporate Debt Balloons

President Donald Trump recently warned of a stock market crash if he doesn’t win re-election in the 2020 presidential election, per The Inquisitr. The warning was contradicted by a Bloomberg News report that suggests that the stock market has experienced more gains under Democratic Presidents Barack Obama and Bill Clinton than Trump. But that doesn’t […]

Financial Expert Hints Trump Family Guilty Of Insider Trading With Advance Knowledge Of Market-Moving Tweets

A financial expert believes that the Trump family members may be guilty of insider trading by using their advance knowledge of Donald Trump’s market-moving tweets to manipulate the stock market. Howard Fineman, an analyst with NBC News, claimed this weekend that Trump’s family members are likely using their knowledge of tweets that rock the stock […]

Apple Blames ‘Trade Wars’ For Slowing iPhone Sales

After it temporarily paused trading on Wall Street earlier in the day, Apple warned investors on Wednesday that its performance in the months ahead would not be as high as initially predicted. Fewer iPhone upgrades and other shortfalls were expected in the next quarter, the result of “weakness in some emerging markets,” Apple CEO Tim […]

Stock Markets Make Huge Comeback With Dow Jones Making Largest Daily Point Gain In History

It’s been a particularly bad December for American markets, but we can now point to Boxing Day as a positive blip on this month’s radar. According to CNN, the Dow enjoyed a 5 percent gain on Wednesday, rising 1086 points for its biggest daily points gain ever. The S&P and Nasdaq saw similar impressive gains […]

Stock Market Headed To Worst Year Since George W. Bush Was President, Trump Obsessively Worried About It

Amid sharp and continued losses, the stock market is now headed toward its worst year since George W. Bush was president. A series of factors have combined to send the stock markets sinking, with the S&P 500 index down 1.5 percent for the year. As Yahoo Finance noted, the current track has the market heading […]

After Day Off, Stocks Continue To Slump Several Hundred Points Amid ‘Trade War’ Worries

Stock prices soured on Thursday after taking a day off as concerns about a trade deal with China continued and the arrest of a prominent Chinese business official was announced earlier this week. Following a day off to respect the National Day of Mourning for former President George H.W. Bush, Wall Street opened on Thursday […]

U.S. Postal Service Suspending Mail Delivery Wednesday To Honor George H.W. Bush

As millions mourn the loss of former President George H.W. Bush, a number of services will be suspended to honor the 41st president as his memorial service takes place. Said service will take place at the National Cathedral on Wednesday, December 5, which President Donald Trump has declared a National Day of Mourning. According to […]

Stocks Slip As Observers Show Doubts Over How ‘Big’ Trump’s Deal With China Really Is

Wall Street has been up and down over the past few days, with many blaming uncertainty surrounding trade talks between the United States and China for the market’s volatility. The stock market saw significant gains on Monday after the G-20 summit in Argentina ended. Many credited President Donald Trump’s deal-making prowess with China over tariffs […]

Stocks Post Worst Thanksgiving Week Decline Since 2011

With some of the Dow’s most popular technology stocks under pressure and a steep decline in oil prices, the Dow Jones Industrial Average dropped 178.74 points on Black Friday, the S&P 500 dropped 0.65 percent, and the Nasdaq Composite dropped 0.5 percent. It was the worst Black Friday performance for the Dow and S&P since […]

Stock Market Tanks On Tuesday Morning — Retailers, Tech Shares Take Blame

Several stock trades on Wall Street sank on Tuesday morning, as fears about the future successes of tech markets and declining retail sales worried investors. The Dow Jones Industrial Average fell by more than 500 points. Other market indicators were also lowered, with the S&P 500 dipping by 1.8 percent and the Nasdaq Composite dropping […]

Trump Makes Questionable Claim Blaming Dems For Poor Stock Market Performance

The stock market dropped by 200 points on Monday morning, an outcome that Republican President Donald Trump seemingly blamed squarely on Democrats winning the House of Representatives on Election Day last week, ultimately creating a split-government for the next two years in Washington. Taking his opinions to Twitter, Trump made certain that everyone knew who […]

Stock Market Reaction Mixed In Aftermath Of Midterm Elections

Global financial markets are noticeably higher across the board in the opening hours of Wednesday, but the results of the 2018 midterm elections which saw the Democrats take control of the House of Representatives seemed to have a minor impact at best regarding financial sentiment, at least in the immediate aftermath, according to reports from […]

A Mid-Term Victory For Democrats Could Mean Bad News For The Stock Market, Based On Historic Precedent

It has been reported that the most likely result of the 2018 mid-term elections will see the Democrats taking control of the House while the Republicans hold the Senate, an outcome President Donald Trump would like to avoid. According to Decision Desk HQ writer Scott Tranter, Republicans have a 93.1 percent chance of keeping the […]

PayPal Stock Surged 9 Percent Since Its Venmo App Looks To Be A Big Money Maker

Shares at PayPal went up 9 percent today. This comes in just after the company’s positive announcement about the earnings and revenue coming in from its application, Venmo, reports CNBC. Stock in PayPal has actually hit above $86 USD, accounting for an overall 26 percent for the entirety of 2018. These earnings during the third-quarter […]

Stock Market Drop: Is This The Start Of A New Depression?

Thursday marked the second day of a sudden sharply-falling stock market. Trade markets around the world experienced dips as well. Analysts are trying to figure out why. The quick drops may be a reaction to rising interest rates imposed by the Federal Reserve, according to the BBC. Donald Trump sounded off on the Fed Thursday, […]

Stock Market Continues To Plummet, Dow Falls More Than 1,400 Points In Two Days

The Dow Jones Industrial Average fell over 650 points today, continuing a precipitous plummet that has seen the Dow lose approximately 1,400 points over the past two days, following reporting by the Inquisitr yesterday. According to CNBC, it was also the first time that the Dow had opened below its 200-day average in over four […]

US Economy On A ‘Collision Course With Disaster,’ Says Financial Firm Guggenheim Partners

Investment and financial experts issued a warning Wednesday that the U.S. economy is heading for a crash. Scott Minerd, chief investment officer of Guggenheim Partners, told CNBC that a combination of a fiscal deficit driven by corporate tax cuts and rate hikes by the Federal Reserve would put an end to the stock market’s strong […]

Stock Market Drops More Than 800 Points, Worst Single-Day Loss In Eight Months

The stock market suffered a major setback today, led by substantial losses in the tech field. The dip amounted to the worst daily backslide seen in nearly eight months. The Dow Jones Industrial Average sunk by more than 800 points, while the S&P lost around 94 points — or about 3.1 percent of its total. […]

Fed Set To Announce A Rare September Interest Rate Increase

The Federal Reserve looks set to raise interest rates today and with rumors of that emerging, the market has become more volatile in the early hours of trading on Wednesday, reports Market Watch. A rate increase in September is very rare, having not happened since 2005, in part this is due to a regular occurrence […]

Trump Planning On Implementing Chinese Tariffs Despite Talks Resuming, ‘Bloomberg’ Reports

Donald Trump has reportedly given aides the go-ahead to implement tariffs on $200 billion worth of Chinese products, despite the Treasury department attempting to restart talks to resolve the trade war, according to Bloomberg. The Inquisitr reported yesterday that Treasury Secretary Steve Mnuchin had contacted Chinese officials about restarting negotiations which were, at the time, […]

Elon Musk Drops Plan To Privatize Tesla

According to CNN, Elon Musk announced on Friday that he has decided to drop his plan to take Tesla private after two weeks of consideration. Musk first introduced his plan to privatize Tesla earlier in the month, tweeting that he had already secured funding for the move, which shocked many of his loyal investors. While […]

Tesla’s Elon Musk Faces Lawsuit After Posting Shocking Tweet About Taking Company Private

American entrepreneur Elon Musk’s shocking Twitter announcement that he was thinking of taking Tesla Inc. private has landed him with a fat lawsuit from displeased investors, reports the BBC. On Tuesday, Musk tweeted that he was considering taking the electric car company private and that he had secured funding, valuing the company at $420 a […]

Don Cheadle, Andrew Rannells, And Regina Hall To Star In New Showtime Comedy, ‘Black Monday’

Get ready for a new comedy set on Wall Street in the 1980s, and starring some top talent as the series Black Monday has been given the green light at Showtime. The satire’s first season will consist of 10 episodes, and will star Don Cheadle, who featured on another Showtime series, House of Lies, Andrew […]

Apple Stock (APPL) Dips Amid Report Claiming 2018 iPhone X Orders Are Down 20 Percent

Apple shares (NASDAQ:AAPL) have taken a hit on Friday’s intraday, going down as low as $190.00 per share at one point during the day’s trading. The dip in Apple’s stock comes as reports emerge stating that orders for the 2018 iPhone series are down 20 percent compared to last year. A report from Nikkei Asian […]

President’s Day 2018 — Are Banks, Post Office, Liquor Stores, Stock Markets Opened Or Closed Monday?

President’s Day 2018 is a federal holiday and it’s observed this year on Monday, February 19, giving many folks a three-day weekend. Some people will use their day off on President’s Day to do errands. But before you run to the bank or post office it’s a good idea to check what businesses and government […]

Trump’s ‘Nose Rubbed In’ Stock Market Plunge — ‘666’ Point Drop Sparks ‘Number Of The Beast’ Quips Online

One of Trump’s favorite barometers to chart his success in the White House is the stock market, which has reportedly “come back to bite him” after the Dow Jones average dropped 665.75 points on Friday. This drop makes this the sixth-largest single-day decline ever for the Dow Jones. The S&P took it’s 14th largest drop […]

The Ajit Pai Effect

On December 14, 2017, the Federal Communications Commission voted to repeal net neutrality. Ever since then, the FCC and the organization’s chairman, Ajit Pai, have been facing continuous criticism. The University of Maryland’s Program for Public Consultation published a poll a few days before the repeal had received a vote. After introducing respondents to the […]

Trump Suggests Investors Sue ABC If Brian Ross Report Caused You Damages In Stocks Via Sunday Morning Tweet

Brian Ross was suspended by ABC News after his report on Friday indicated that Michael Flynn would testify that “candidate Donald Trump” directed Michael Flynn to contact Russia. This turned out to be “fake news,” as it was a president-elect Trump directing Flynn to do his job. This report sent the stock market on a […]

Avid Trump Supporter, Las Vegas Shooter Stephen Paddock Was Happy With President Over Stock Market

The Las Vegas Shooter Stephen Paddock was a proud Trump supporter and was particularly excited about what he felt was the president’s “boost” on the stock market. This was just a bit of insight into the man who killed 58 victims and wounded over 500 at the Route 91 Harvest Music Festival on October 1. […]

Remembering Black Monday On Its 30th Anniversary: Is A Similar Stock Market Crash Possible?

Today marks the 30th anniversary of “Black Monday,” the stock market crash that happened on October 19, 1987, and things couldn’t be more different in today’s Wall Street climate, with the Dow Jones Industrial Average breaking the 23,000 mark for the first time ever on Wednesday. But many industry veterans still remember the day when […]

Gun Stocks Soar After Deadly Las Vegas Mass Shooting

Gun stocks have risen sharply on Monday, a market trend sparked by the deadly mass shooting that rocked Las Vegas and the United States late Saturday night. The shooting took place during an outdoor concert featuring country music superstar Jason Aldean and, as CNN reports, and has left at least 58 people dead and more […]

Investor Plans To Shake Things Up At Nestle

Third Point, a U.S. based hedge fund, has recently purchased a 1.3 percent stake in food conglomerate, Nestlé. Known for convenience foods such as Stouffer’s and Toll House, the manufacturer has been struggling to produce market growth. This comes as consumers have shifted their focus to locally sourced, healthier food choices. Nestlé CEO, Mark Schneider, […]

Millennials In Australia Would Rather Save For Travel Than Own A House: CommSec Report Reveals

A recent report from CommSec has revealed an interesting fact about millennials in Australia. They prefer saving for various reasons such as travel. But, they are not much interested in saving money to buy a house of their own. More millennials in Australia are depending on trading shares to take more control of their financial […]

Toyota’s Tesla Nasdaq Departure: What Does It Mean For The Car Shopper?

Stock market news authority Nasdaq reported yesterday that Toyota has officially sold off 100 percent of the shares it held in Tesla Motors (NASDAQ:TSLA), and by doing so, has severed the partnership between the two automakers. This is going to have a huge impact on the electric car industry in the coming years, although not […]

Starbucks CEO Will Step Down

Starbucks CEO Howard Schultz will step down from his role as coffee king on April 2, The Seattle Times reports. Schultz transformed Starbucks into a global brand and multi-billion dollar company. He will keep his salary and remain with Starbucks as an executive chairman, focusing on the company’s premium businesses. Howard Schultz joined Starbucks in […]