Thornton McEnery
Latest Articles
Reddit trader 'Roaring Kitty' defends GameStop posts amid lawsuit
A star Reddit trader known as “Roaring Kitty” plans to defend his bullish GameStop calls in front Congress one day after being slapped with a lawsuit for his role in...
Feds reportedly OK Wells Fargo overhaul plan
Wells Fargo could be getting out of the Federal Reserve’s naughty corner, and the megabank’s much-maligned stock is taking a rare move upwards on the news. According to a Wednesday...
Goldman Sachs launches robo-adviser for investors afraid of Robinhood
Goldman Sachs has jumped into the red-hot retail investor market — but don't expect it to recommend stock tips that you've found on Reddit. The megabank unveiled a new robo-adviser...
Is Elon Musk the new stock market oracle?
Has the "Oracle of Omaha" Warren Buffett been replaced by Elon Musk, the "Oracle of Memes"? The futurist billionaire, chief executive of Tesla and SpaceX, and world’s richest person is...
What pandemic? These hedgies got a whole lot richer during COVID-19
The year 2020 was one to forget, unless you were a billionaire hedge fund manager. In the midst of record unemployment, spiraling coronavirus deaths and widespread social and political unrest,...
Billionaire trader expected to testify at House 'Reddit Rally' hearing
Congress is eyeing both Main Street and Wall Street to testify at its upcoming “Reddit Rally” hearing, including billionaire trader Ken Griffin. The hearing before the House of Representatives on...
Twitter finance chief says company might invest in bitcoin
A top Twitter executive said the social network is considering following Tesla's surprise move this week to invest in bitcoin. Twitter’s finance chief, Ned Segal, said Wednesday morning that the...
Pot stocks soar on renewed hopes of legalization
Cannabis industry stocks soared on Tuesday as industry leaders made groovy predictions about their financial prospects and marijuana legalization in Washington. Shares in Canadian grower Tilray finished up more than...
Jamie Dimon ignores his own advice about workers and shareholders
Jamie Dimon wants US companies to focus on their employees, communities and customers in addition to their stockholders -- unless you're talking about Dimon's company, that is. JPMorgan Chase's billionaire...
Clover Health stock drops on allegations it's facing DOJ probe
The King of SPACs is under fire from a short-seller gunning for a crown of his own. Shares in Clover Health were down more than 12 percent on Thursday after...
GameStop stock plummets as Reddit rally fever moves on
The market’s GameStop fever appears to have broken, but other stocks are now starting to feel a bit warm. Shares in the much-discussed video game retailer were down over 33...
Trump Deutsche Banker's resignation linked to real estate deal probe
The surprise resignation of Donald Trump’s personal banker at Deutsche Bank appears to have been related to a real estate deal she did with a company linked to Jared Kushner....
Barstool founder dumps 'meme stocks' and says he took a massive loss
Outspoken social media personality Dave Portnoy tweeted Tuesday that he has sold his shares in companies GameStop and AMC at a major loss, blaming trading app Robinhood for killing the...
Reddit's 'epic' silver squeeze is only helping Wall Street
Finally, a "Reddit rally" Wall Street can get behind. The merry band of day traders behind runaway stocks like GameStop piled into silver on Monday in an effort to squeeze...
Robinhood posts help wanted ad for lobbyist
Good news, job seekers! One of the most vilified companies in America at the moment is hiring a lobbyist. Trading app Robinhood posted a listing for a manager of federal...
Facebook reverses course on banned Robinhood trading group
Facebook reportedly shut down a popular Robinhood trading discussion group, alleging that the users had broken the site’s rules on sexual behavior -- and then reopened it. The group’s creator...
'Dr. Frankenstein' of short selling says his firm will make a major shift
As the craziest short squeeze in stock market history rages on, one of the most outspoken voices in the short-selling world is throwing in the towel. Andrew Left, founder and...
Mets owner's hedge fund feeling the squeeze amid GameStop fallout
The billionaire Mets owner's hedge fund Point72 Capital is down more than 10 percent since the start of the year because of the unprecedented short squeeze on stocks like GameStop...
Dogecoin surges as Reddit traders push for crypto version of GameStop
Even a literal joke cryptocurrency is surging thanks to the new power of retail investors on internet message boards. The price of Dogecoin — a bitcoin alternative named after an...
Seeing Reddit: Bizarre new twist in fallout from GameStop stock surge
Robinhood clamped down on trades of volatile stocks including GameStop and AMC in a bid to contain bizarre price swings orchestrated by day traders on a Reddit forum. The millennial-focused...