A social media-driven trading cooled on Wednesday as U.S. Treasury Secretary Janet Yellen called a meeting of top officials that could result in tougher markets regulation for hedge funds, small investors and stockbrokers. From a report: Mass buying by amateur traders over the past two weeks has driven wild price Read more…
Amazon has unveiled the design for the next portion of its Arlington, Virginia headquarters, and one building stands out far from the rest: a swirling glass tower covered in trees that rises to a point above the rest of the city’s skyline. The Verge’s Jacob Kastrenakes likens it to “the Read more…
This week’s bizarre “meme stock” rally, which has delivered lottery-like windfalls for holders of GameStop stock, also wiped out $600 million in debt owed by the AMC theater chain. Polygon reports: That’s because, on Wednesday, a private equity firm named Silver Lake — and private equity firms are popularly considered Read more…
sciencehabit shares a report from Science Magazine: President Joe Biden today created a task force that will conduct a 120-day review of scientific integrity policies across the U.S. government, including documenting instances in which “improper political interference” interfered with research or led to the suppression or distortion of data. The Read more…
The United States government operates a fleet of about 645,000 vehicles, from mail delivery trucks to military vehicles and passenger cars. On Monday, President Joe Biden announced that his administration intends to replace them all with American-made, electric alternatives…In 2015, the government operated 357,610 gasoline vehicles and 3,896 electric ones; Read more…
Friday afternoon CNBC reported that “heightened speculative trading by retail investors” (later referred to as “GameStop mania”) had “continued to unnerve the market.” The Dow Jones Industrial average lost 620.74 points, or 2%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since Dec. 14….The Read more…
This week a security researcher discovered a bot on Telegram that sold the phone numbers of Facebook users for $20 apiece. “The security researcher who found this vulnerability, Alon Gal, says that the person who runs the bot claims to have the information of 533 million users, which came from Read more…