Category: Business

The U.S. Securities and Exchange Commission (SEC) is looking at every aspect of and parties involved in the “Reddit rally” of GameStop Corp and other stocks, said two people familiar with the matter, suggesting a swath of industry participants may be swept up in the regulator’s review of the trading frenzy. The people added that […]

U.S. Treasury Secretary Janet Yellen on Thursday vowed to protect investors, but said financial market regulators needed to fully understand the recent trading frenzy involving GameStop Corp and other retail stocks before taking any action. The core infrastructure of financial markets had proven resilient during the high volatility and heavy trading volume around GameStop and […]

Shares of GameStop Corp and others favored recently by retail investors fell further on Thursday, while U.S. Treasury Secretary Janet Yellen said she needed to “understand deeply” the trading frenzy that has gripped Wall Street. A swarm of buying by amateur traders over the past two weeks sparked big moves in shares of companies that […]

Instructors gaze watchfully from the shade of a tree as men in neon-green vests manipulate hand-held controllers clipped to mobile telephones as they direct drones flying over a vast Sydney field. The classes are run by Droneit Group, an Australian firm that accredits learners to fly the unmanned aerial vehicles, but which is now reshaping […]

Indonesia has received an investment proposal from U.S. electric vehicle (EV) maker Tesla, the country’s deputy head for investment and mining coordination, Septian Hario Seto, told reporters on Friday. Indonesia is the world’s biggest nickel producer, a material crucial for EV batteries, and has been publicly wooing Tesla to invest in the country to help […]

Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website. Earlier in the day, Robinhood’s website showed that the trading limit on GameStop’s shares was set at 500, while for AMC the limit was […]

The United States thanked Taiwan on Friday for help on resolving an auto chip shortage that has snarled production, but there was no discussion on prioritising the making of these chips, Taiwan Economy Minister Wang Mei-hua said after a high-level meeting. Car factories around the world are shutting assembly lines because of the chip shortages, […]