Ex-SEC chief: Reddit-fueled GameStop frenzy was not a modern day pump and dump scheme
"People were very transparent about what they were doing and why they were doing it," former SEC chief Jay Clayton told CNBC on Friday.
Market wire
Latest news on private equity markets
Headlines on the small cap U.S. and Canadian companies we follow, pulled from the wires as they publish. Every story opens at its original source.
Citadel billionaire Ken Griffin defends Melvin stake against what he calls an insane conspiracy theory
Besides running hedge fund Citadel, Griffin is the founder of dominant market-maker Citadel Securities, which handles about 40% of U.S. retail stock order flow.
Ken Griffin rejects the idea that Citadel uses personal information from retail investors
Citadel CEO Ken Griffin spoke to CNBC's Andrew Ross Sorkin on "Squawk Box" on Friday regarding the House GameStop hearing.
Warren presses Citadel CEO Griffin about relationship with Robinhood, payment for order flow
Warren said she is particularly interested in the potential conflict of interest between the hedge fund side of Citadel and Citadel Securities.
NASA lands Perseverance rover on the Mars surface, carrying the first helicopter for another planet
NASA successfully landed its latest robotic rover on Mars on Thursday, with the U.S. space agency confirming that Perseverance touched down safely.
Citadel's Ken Griffin defends controversial Wall Street practice, says firm would adapt if it were outlawed
While new information was limited, some clarity on Robinhood's restriction of trades and Citadel's role in payment for order flow came to the surface.
Yellen says investors should be very careful with some sectors, calls bitcoin 'highly speculative'
While low interest rates support higher stock valuations, Treasury chief Janet Yellen told CNBC some parts of the market may need to be viewed cautiously.
The price of gas is climbing higher. Here’s how you can save at the pump
With frigid temperatures in the South causing oil refineries to go offline, the price of oil is expected to rise and impact what you pay for...
Public and Private Money Can Coexist in the Digital Age
IMF Blog Tobias Adrian and Tommaso Mancini-Griffoli Feb 18, 2021 We value innovation and diversity—including in money. In the same day, we might pay by swiping...
Robinhood-GameStop hearing: 'Payment for order flow' trades to draw scrutiny
The increase in retail trading has come with increased scrutiny for a practice known as "payment for order flow."
Vaccinated or not, many workers want to remain remote
As vaccine distribution slowly gains steam, a return to the office may be coming. For employees, this is the time to make a plan.
Has fintech made banking better?
DUCA Impact Lab Keith Taylor Feb 18, 2021 Fintech is responsible for a long list of innovations. Helping people make better financial decisions could be next....
New $1,400 stimulus checks could be coming. What we know about how soon they may arrive
A new coronavirus relief bill is weaving its way through Congress. It will likely include new stimulus checks for millions of Americans.
Black small-business owners are being left behind in the pandemic, survey finds
About one-third of Black small-business owners said they can survive more than a year under current conditions, versus 59% of White small-business owners.
Bill Gates likens GameStop frenzy to gambling, says such speculation has no societal purpose
Billionaire philanthropist Bill Gates expressed concern about the role social media played in the GameStop trading frenzy.