Keith Gill — a.k.a. Roaring Kitty — got slapped with a lawsuit alleging a pump-and-dump scheme involving his GameStop shares.
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Since 2008, funds with a short bias have seen assets decrease to $4.6 billion from around $7.8 billion.
The market appeared yawn-inducing at the broad index level, but there was a flurry of activity under the hood.
Investors are getting activated after a long weekend, but they were still able to push the tech-heavy index to a new peak.
A rare social media appearance by a well-known daytrader boosted GameStop and other stocks that gained popularity during the 2021 craze.
Industry groups representing a coalition of hedge funds havefiled a lawsuit seeking to challenge short selling rules implemented by the SEC.
There were plenty of business losers in 2024, but only one for whom the sky was literally falling. In short: Boeing had a bad year.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.