Today
AMC cashes in on meme stock mania, raising $US587m
The raising is the latest sign that the US cinema chain, on the verge of bankruptcy a few months ago, is embracing its status as a meme stock.
- Matt Phillips
‘Don’t be that sucker:’ traders warn against joining AMC rally
The chances of getting badly burned and losing money on this trade are now very high.
- Ksenia Galouchko and Lisa Pham
Crypto-crash aftershocks hit traders with 50pc premiums vanishing
Hedging activity is on the rise and bullish bets are finding limited demand - rare times of restraint among day traders.
- Justina Lee
This Month
- Opinion
- Opinion
How AMC’s boss won over the Reddit crowd
An ability to corral neophyte investors has become an essential skill in the memestock era and yet Adam Aron is playing with fire.
- Chris Bryant
May
Crypto-crash autopsy shows billions erased in flash liquidations
The hundreds of billions of dollars changing hands across derivatives this week eclipsed activity in the cash market, as speculators rushed to close positions.
- Justina Lee
Halifax’s ‘hall of mirrors’ nears final chapter
Investors caught up in the Halifax Investment Services collapse may finally get back at least some of their money.
- Jemima Whyte
Coinbase backer parlays ‘fantasy’ bet into billions
Fred Wilson turned a $3.2 million investment in Coinbase in 2013 into $U6 billion by the end of the cryptocurrency exchange’s first trading day.
- Jackie Davalos
April
An ‘All-Stars’ ETF will soon let you ride every hot trade
The Amplify Thematic All-Stars ETF will pick up companies favoured by funds targeting technology, health care, sustainability and more, according to a filing.
- Claire Ballentine
Dogecoin frenzy overloads Robinhood crypto order system
Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied more than 110 per cent on Friday (Saturday AEST), according to CoinMarketCap.com.
- Joanna Ossinger and Vildana Hajric
Robinhood faces ban in Massachusetts
The head of the state’s securities division accused Robinhood of aggressively inducing and enticing trading among its customers.
- Malathi Nayak and Misyrlena Egkolfopoulou
Goldman, JPMorgan traders show the Reddit crowd how it’s done
Goldman earned more from trading in the first three months of the year than it had in any quarter in the past decade, while JPMorgan saw such revenue climb 25 per cent.
- Jenny Surane
Poached broker on the menu
A trial between two bitter rivals of the inter-dealer broking scene is shaping up as a journey through Sydney’s top-tier restaurant and pub scene.
- Myriam Robin
US investor optimism rises to more than three-year high
Bullish sentiment is running rampant on Wall Street with expectations that prices will rise near term at their highest since early January 2018.
- Timothy Moore
GameStop to capitalise on ‘stonks’ rally
GameStop said it may sell up to 3.5 million shares worth no more than $US1 billion, and use the proceeds to hasten its shift to e-commerce.
March
Go-it-alone investors are confident but not competent, regulator warns
A study of self-directed investors by Britain’s Financial Conduct Authority shows 45pc don’t see ‘losing money’ as a potential risk.
- Hans van Leeuwen
February
GameStop surges and no one truly knows why
Shares in the company rose more than 100 per cent, then retreated, to end the latest New York trading day up 18.6 per cent.
- Stan Choe and Alex Veiga
Robinhood, hedge funds and ‘Roaring Kitty’ defend Gamestop moves
While the market turmoil around GameStop was unprecedented, several key players said there was no foul play on their watch.
- Pete Schroeder and Niket Nishant
- Opinion
- World markets
A renowned historian explains why a GameStop conspiracy makes no sense
The temptation to see the GameStop ‘revolution’ as a new paradigm of basement traders sticking it to the man is an idea that doesn’t stand the test of time.
- Niall Ferguson
- Opinion
- Opinion
Pumps and dumps and chumps
It’s not clear who exactly pushed GameStop, but many WallStreetBets posts are reportedly coming from bots, not actual human beings — and somebody made a lot of money selling it to bag holders.
- Paul Krugman
‘I had pains in my stomach’ watching the GameStop squeeze
No one agrees on the implications of the GameStop frenzy. But this long-short manager thinks it has changed the game forever.
- Jemima Whyte and Jonathan Shapiro
