What is the opposite of the Midas touch? Whatever that is, Donald Trump Jr. seems to have it. On Wednesday, an online firearms seller backed by the President’s favorite failson went public. It didn’t take long for the public to say, “No thanks.” On Wednesday, the company’s stock price took a significant hit by the end […]
Trump Media Has a Bold Plan to Regain Confidence
Trump Media and Technology Group, the company behind Truth Social, announced an ambitious new financial strategy on Monday: it’s going to spend up to $400 million to buy its own stock. In a press release, CEO Devin Nunes framed the move as a resounding “vote of confidence in our Company, our stock, and our strategic […]
Tesla Stock Price Reaches ‘Death Cross’ Status
If you haven’t been keeping tabs on Tesla’s stock price (understandable, it’s like the 1,025th most interesting thing that is happening in a world plagued by chaos), you’ve missed a whole lot of volatility. Crucially, you may have also missed its index displaying the dreaded “death cross,” a historical indicator of a likely downturn for […]
Autonomous AI Could Wreak Havoc on Stock Market, Bank of England Warns
The stock market is already an unpredictable place, and now the Bank of England has warned that the adoption of generative AI in financial markets could produce a monoculture and amplify stock movements even more. It cited a report by the bank’s financial policy committee that argued autonomous bots might learn volatility can be profitable […]
Robinhood’s Terrible Plan to Get Into Sports Betting Paused After Government Pushback
Robinhood has ceased the rollout of its sports betting product following a request by the Commodity Futures Trading Commission (CFTC). The stock trading company geared at individual investors had been jumping headfirst into sports betting with its Pro Football Championship market, looking to capitalize on the rapidly growing demand for pure degeneracy. It was only […]