US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, September 14, 2021. Evelyn Hockstein | Pool | Reuters The top US securities regulator on Wednesday proposed rule changes to transform how Wall Street handles retail … Read more
Coatue Management’s Philippe Laffont doubled down on many of his favorite technology stocks – including Netflix – in the first quarter before their big sell-off, possibly inflicting big pain for his hedge fund. The so-called Tiger Cub increased its Netflix position by more than 50% to a stake worth $ 529 million at the end … Read more
Check out the companies making headlines in midday trading Thursday. Carvana – Shares of the online used car retailer popped nearly 30%, alongside other heavily-shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from … Read more
Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. CEO Mark Tritton said out-of-stock merchandise caused the company to miss out on about $ 175 million in fiscal fourth-quarter sales. That’s higher than the … Read more