GME Jul 2024 15.000 put
- Yahoo Finance Video
Oil prices, Intel chip, E-Trade vs. Roaring Kitty: 3 Things
Crude oil prices (CL=F, BZ=F) slump to a four-month low in the wake of OPEC+'s decision to extend its production cuts well into 2025 Intel (INTC) has come out swinging in the next round of the AI chip wars, unveiling its Xeon 6 processor at the COMPUTEX Taipei conference in Taiwan. E-Trade, which is owned by Morgan Stanley (MS), is considering banning trader Keith Gill from the platform, according to the Wall Street Journal. Gill goes by the handle "Roaring Kitty" on social media and has been criticized for supposed market manipulation after posting a screenshot of his GameStop (GME) holdings and options trades — which has yet to be verified — that sent the meme stock soaring at Monday's market open. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Market close, GameStop short seller: Market Domination Overtime
Stocks (^DJI, ^IXIC, ^GSPC) close Monday mixed as the Dow Jones Industrial Average slips further and the ISM's manufacturing Purchasing Mangers' Index (PMI) and GameStop's (GME) renewed meme rally throw markets for a loop. Market Domination Overtime Anchors Julie Hyman and Josh Lipton walk you through the market close, joined by Yahoo Finance's Head of News Myles Udland to make sense of GameStop's second stock spike in a month. Citron Research Founder Andrew Left also joins the show to expand upon why he is shorting the meme stock staple again after 2021's trading frenzy spurred by retail trader "Roaring Kitty" — the online username of Keith Gill — calling this phase of the meme trade "totally different" from the last This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
E-Trade considering removing Keith Gill from platform: WSJ
E-Trade, the trading platform owned by Morgan Stanley (MS), is considering removing GameStop trader Keith Gill from its platform due to concerns about potential market manipulation, according to a report from The Wall Street Journal. Gill rose to fame as "Roaring Kitty," the meme stock trader that fueled the rally in GameStop (GME) shares in 2021. On Sunday night, a social media account linked to Gill posted a screenshot showing a trading account with a $175 million stake in the video game retailer. The post sent GameStop shares surging 21% on Monday. The report says those inside E-Trade are debating whether the account's actions count as manipulation and what sort of backlash the company could face if they remove Gill from the platform. Yahoo Finance's Julie Hyman and Josh Lipton discuss the report in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
