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    The billionaire head of hedge fund Citadel and the CeO of Robinhood are set to testify Thursday that they did not collude to disadvantage investors during the GameStop saga in January that sent stock prices rocketing and then crashing downward. 'I want to be perfectly clear: we had no role in Robinhood's decision to limit trading in GameStop or any other of the 'meme' stocks,' Citadel CEO Ken Griffin said in prepared testimony. Griffin's testimony describes the stunning volume of trading that took place as Reddit groups and small investors pushed up the price of the stock, with some trying to take a toll on hedge funds that shorted the stock. Financial Services Committee chair Rep. Maxine Waters (D-CA) blasted hedge funds in a statement last month. She has organized hearings over the GameStop trading saga that begin Thursday 'During the period of frenzied retail equities trading, Citadel Securities was...
    Online brokerage Robinhood touts its willingness to lend money to customers so they can multiply their returns just like Wall Street pros, even likening investing with borrowed money to the thrill of riding a motorcycle. What the company doesn't say is that its lending strategy has put clients — who tend to be younger and less experienced at playing the market — in financial peril even before many piled into the shares of struggling video game retailer GameStop in January. Robinhood's lending so customers could "buy on margin" — in which someone takes out a loan to buy stock, options or other securities — more than doubled in the first six months of 2020, often with negative results. Regulatory filings reviewed by CBS MoneyWatch show that investors who borrowed money from Robinhood were nearly 14 times more likely to be unable to repay the loans than investors who borrowed from rival brokerages...
    The controversial stock trading platform Robinhood is denying accusations that it forced users to sell shares of GameStop this week - unless those shares were bought using borrowed funds.  'Claims that Robinhood proactively sold customers' shares outside of our standard margin-related sellouts or options assignment procedures are false,' a Robinhood spokesperson told DailyMail.com on Saturday. Buying shares 'on margin' means using funds lent from the broker, and it is not unusual for brokers to automatically liquidate such shares if an account falls below minimum balance requirements. On Robinhood, users need an account balance of at least $2,000 to trade on margin. The statement sheds some new light on the surreal events of the week, in which GameStop shares surged as part of a campaign promoted on the message board Reddit to decimate hedge funds that had bet heavily against the struggling video game retailer.  Robinhood's restrictions on GameStop shares spurred...
    CANDACE Owens shared pictures of fiery Black Lives Matter riots and baselessly claimed Antifa were part of the mob who stormed Capitol on Wednesday. Owens' conspiracy tweet was met with backlash, as she was slammed for "fanning the fire." Read our US Politics live blog for the latest news as the US Capitol building is put into lockdown 11Candace Owens shared pictures of fiery Black Lives Matter demonstrations over the summerCredit: Fox News 11Protestors set fire to a shop in Minneapolis, Minnesota amid demonstrations following the death of George FloydCredit: Getty Images - Getty 11Credit: Twitter/ @RealCandaceO 11Credit: Twitter/ @RealCandaceO 11Demonstrators raise their fists after clashes with police in Seattle, Washington on June 8, 2020Credit: Getty Images - Getty "These images capture the horrific scene that took place outside of the Capitol building today," Owens tweeted as she shared pictures. "Truly disgraceful. "Oh wait—my mistake. These are actually from...
    Princess Charlene of Monaco today posted a Christmas photo with her husband Prince Albert in an apparent show of unity after it emerged he will appear in court in the new year to fight explosive claims he fathered a third love child with a secret girlfriend.  The royal,  42, sported a cosy grey jumper as she posed in front of a grand Christmas tree with her daughter Princess Gabriella, six, her husband, Prince Albert 62, and his sister, Princess Stephanie, 52. Also joining the family was Stephanie's children Camille Ducruet, 21,  Pauline Ducruet, 26, as well as eldest son Louis Ducruet, 28, and his wife Marie. Charlene had her hair slicked back, showing off her new half-shaved hairstyle she debuted in Monte Carlo earlier this month.  Sources in the Mediterranean principality say she has had a 'terrible' year as lawyers for the billionaire couple brace themselves for the court case that...
    Princess Charlene of Monaco shared a photo of husband Prince Albert in an apparent show of unity after it emerged he will appear in court in the new year to fight explosive claims he fathered a third love child with a secret girlfriend. The photo shows Charlene, 42, beaming with the 62-year-old prince on a Western-themed family day out with their six-year-old twins, Gabriella and Jacques.  Charlene has a beanie pulled low over her head, concealing the new half-shaved hairstyle she debuted in Monte Carlo last Wednesday.  Sources in the Mediterranean principality say she has had a ‘terrible’ year as lawyers for the billionaire couple brace themselves for the court case that opens in Milan, Italy, in February.    United front: Princess Charlene of Monaco shared a photo of husband Prince Albert in an apparent show of unity after it emerged he will appear in court in the new year to fight...
    Getty Devin Singletary gets taken down by Patriots defenders. At the start of the game on Sunday at Bills Stadium in Orchard Park, the winds were whipping, rain was coming down and the elements weren’t great for what the Buffalo Bills offense has been this year. The Bills needed to become more than just a passing team on Sunday and they did just that as they squeaked out a 24-21 win over the New England Patriots. Devin Singletary, Zack Moss and Josh Allen rushed for a combined 190 yards on the ground and three touchdowns, including Moss scoring the first two rushing touchdowns of his NFL career. It was the type of spark that the Bills offense needed after primarily being a passing team through the first seven weeks of the season and they knew they needed to get it going sooner or later. “We were winning doing...
    Good Samaritan gets free NYC subway rides for a year after helping catch suspect in train derailment Pandemic slashes sales at Olive Gardens Times Square location by 94% Ayesha Curry Shares Tricks That Have Worked in Homeschooling Her Kids: Were in the Thick of It It's back-to-school time for the Currys! © Provided by People Wardell Curry/Ayesha Curry Instagram Ayesha Curry and her children In this week's issue of PEOPLE, Ayesha Curry opens up about her new cookbook The Full Plate and how she and husband Steph Curry are keeping their kids — son Canon W. Jack, 2, plus daughters Ryan Carson, 5, and Riley, 8 — busy amid the ongoing coronavirus pandemic. © Wardell Curry/Ayesha Curry Instagram Ayesha Curry and her children "The kids are small with a ton of energy, so whenever possible, we've been trying to get them outdoors. We've been doing family hikes and when the...
    The 'Real Housewives of Beverly Hills' says things got ugly at her Beverly Hills baby shower. Real Housewives of Beverly Hills star Teddi Mellencamp shared a tranquil photo from her baby shower but revealed that things were blowing up in the background. In a new post shared to her Instagram page, the 39-year-old Bravo star posted a photo from the baby shower that was planned for her by her co-star Kyle Richards. In the pic, an expectant Teddi was pictured standing behind a table and surrounded by a group of eight friends, none of whom were from the Bravo reality show. Pink flowers were on display in the background in honor of Teddi’s baby girl, Dove, and pink flowers were on tables covered with white table cloths. Teddi tagged the post at the chain Italian eatery, Buca di Beppo. In the caption to the post, the mom of three joked...
    Sports Illustrated Swimsuit model Camille Kostek shared another peek at photos from the recently-released issue via her Instagram page on Saturday. In her caption, she explained that she had been waiting a long time to see something specific happen, and her pictures showed that the time had finally come. The new post consisted of two photos side-by-side. One appeared to simply be a close crop of the other that showed more of Kostek’s face and arms than the first. Her decision to include the cropped version made perfect sense when considering her caption. Kostek said she had been counting years, months, and days to have the chance to see her freckles shown in a Sports Illustrated Swimsuit issue. Finally, that time had come. Her natural beauty was allowed to fully shine and it seemed to make many people fall even more deeply in love with her than they were before....
    Is Amazon Alexa Safe? Cybersecurity Researchers Uncover Serious Privacy Issues The Wraparound: Blue Jackets try to bounce back from tough Game 1 loss AGTs Howie Mandel Shares Update on Simon Cowell After Back Surgery: We Were Worried Simon Cowell is receiving full support from his fellow America's Got Talent judges as he continues to recover from his recent back injury. © Rodin Eckenroth/FilmMagic (2) Howie Mandel, Simon Cowell On Tuesday, AGT judges Howie Mandel, Sofia Vergara and Heidi Klum taped the first live episode of the show without Cowell, who underwent a five-hour surgery after he fell off an electric bike at his Malibu home on Saturday evening, PEOPLE exclusively reported. AGTs Simon Cowell Hospitalized After Falling Off Bike in Malibu: He Will Be Having Surgery People See more videos SHARE SHARE TWEET SHARE EMAIL What to watch next Police Say Pennsylvania Man Confesses to Murdering the 2...
    Watchdog report: British government badly underestimated threat of Russian interference Jim Ryun, breakthrough mile runner, to get Presidential Medal of Freedom Kacey Musgraves Shares First Instagram Since Split: If Only Tears Were Actually Glittery Kacey Musgraves isn't afraid to show her emotions. © John Lamparski/Getty Kacey Musgraves On Monday, the country singer returned to Instagram for the first time since announcing her split from husband Ruston Kelly. In the shimmering photo, the "Butterflies" singer is seen hugging her knees to her chest while looking over her shoulder with sparkling tears streaming down her face. Musgraves is wearing a set of diamond undergarments with matching rings around her arms and legs as well as a set of glistening angel wings attached to her back. "If only tears were actually glittery..," she captioned the post, adding a white heart and dove emoji. View this post on Instagram A post shared by...
    Anna Katharina stunned her 1.3 million Instagram followers on Sunday evening with a breathtaking double-photo update. She rocked an olive-colored bikini by Revolve in the two pictures, one of which was a glamorous shot and the other, which had a more playful vibe. In her caption, Anna joked about how her differing facial expressions were indicative of her “range.” Anna’s bikini top was a classic, with triangular cups and spaghetti straps across her shoulders. The center of her top contained a small cutout, showcasing her ample breasts and cleavage. Her bottoms sat low on her hips, accentuating her curvy hips and flat stomach. Aside from her chest, the stunner also showcased her chiseled middle and her slim thighs. In the first still, Anna posed for the camera by leaning against a glass door and smiling brightly. She appeared to be holding a pair of square-shaped sunglasses in her right hand...
    President Donald Trump on Friday shared a list of people responsible for vandalizing property in Lafayette Park. “MANY people in custody, with many others being sought for Vandalization of Federal Property in Lafayette Park,” Trump wrote on Twitter. “10 year prison sentences!” The president shared an FBI flyer with the photos of 15 suspects involved with the attempt to topple the statue of President Andrew Jackson on the night of June 22. Park police thwarted the attempt before the statue was toppled. Several of the individuals pictured in the flyers were wearing masks but others were not. MANY people in custody, with many others being sought for Vandalization of Federal Property in Lafayette Park. 10 year prison sentences! @FBIWFO pic.twitter.com/mrLyxbWNvq — Donald J. Trump (@realDonaldTrump) June 26, 2020 The FBI said that the individuals in the flyer were responsible for pusuing the destruction of government property, subject to a felony...
    Lori Vallow's sister has broken her silence for the first time since the bodies of her niece and nephew, Joshua 'JJ' Vallow and Tylee Ryan, were found buried in the 'cult' mom's husband's backyard two weeks ago.  Summer Shiflet shared her anguish over the devastating discovery in a Facebook post on Monday, writing: 'The last few months have been hard. The last week has been excruciating. Losing our precious Tylee and JJ in this horrific way is more than we can bear.' It's been just over a month since Shiflet and her mother, Janice Cox, defended Lori in a CBS interview and insisted that the children were safe because their mom would never hurt them.   Now, Shiflet says: 'I was wrong.'  Lori Vallow's sister Summer Shiflet has broken her silence for the first time since the bodies of her niece and nephew, Joshua 'JJ' Vallow and Tylee Ryan, were...
    TOKYO (AP) — Asian shares were higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan’s benchmark Nikkei 225 added 0.5% to finish at 22,549.05. Hong Kong’s Hang Seng index jumped nearly 1.0% to 24,748.97 and South Korea’s Kospi climbed 0.6% to 2,138.84. Australia’s S&P/ASX 200 inched up 0.2% to 5,954.40, while the Shanghai Composite gained 0.2 to 2,970.92. Shares rose in Singapore and Taiwan but fell in Jakarta. “It’s back to the regular order of business, which is trying to figure out why stocks are so high!” Stephen Innes of AxiCorp said in a commentary. “You can add the resurgence of COVID-19 to the laundry list of things the market doesn’t care about, so it seems.” On Wall Street, the S&P 500 rose 0.6% to 3,117.86 after initially sliding 0.6% following weakness in overseas markets...
    By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares were higher on Tuesday, recovering from some early losses as regional markets tracked a late rally on Wall Street led by technology shares. Japan's benchmark Nikkei 225 added 0.5% to finish at 22,549.05. Hong Kong's Hang Seng index jumped nearly 1.0% to 24,748.97 and South Korea's Kospi climbed 0.6% to 2,138.84. Australia's S&P/ASX 200 inched up 0.2% to 5,954.40, while the Shanghai Composite gained 0.2 to 2,970.92. Shares rose in Singapore and Taiwan but fell in Jakarta. “It’s back to the regular order of business, which is trying to figure out why stocks are so high!" Stephen Innes of AxiCorp said in a commentary. “You can add the resurgence of COVID-19 to the laundry list of things the market doesn’t care about, so it seems.” On Wall Street, the S&P 500 rose 0.6% to 3,117.86 after initially sliding 0.6%...
    NFL power rankings as summer begins Trump against removing Roosevelt statue at Museum of Natural History Stocks rise on strength in major technology shares Stocks traded higher Monday, led by gains in major tech-related names. Those gains were capped, however, as investors assessed an uptick in coronavirus cases and the pace of the economic recovery. Load Error The Dow was up 100 points, while the S&P 500 added 0.5% and the tech-heavy Nasdaq gained 0.8%. Microsoft shares climbed more than 2% along with Apple to lead the Dow higher. Amazon advanced 0.6%. Netflix gained 1.3%. Facebook eked out a small gain. Retail names, which are directly linked to the economic reopening, were also among the biggest gainers. Shares of Gap were higher by nearly 7%, boosted by an upgrade at Wells Fargo, citing the retailer’s “under-appreciated value and optionality.” Walmart gained more than 1% after an upgrade by UBS....
    Signs your body is telling you somethings seriously wrong 6 things to watch in Tuesday’s primaries Stocks edge higher on strength in big tech names Stocks traded slightly higher to start the trading week as investors monitored an uptick in coronavirus cases. Load Error Shares of big technology stocks Apple and Microsoft gained. Stocks that are bets on the economy reopening were mixed. Airlines and casino shares were lower, but retailers were higher. The Dow was up 10 points, while the S&P 500 added 0.1%. The tech-heavy Nasdaq rose 0.3%. The major U.S. stock averages are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week, while the Nasdaq Composite surged more than 3%. Apple and Microsoft rose as investors bought into technology shares, which have show resilience during the pandemic. Shares of Gap were higher. Kohl’s and...
    Stocks decline as coronavirus cases continue to climb Stocks traded slightly lower to start the trading week as investors monitored an uptick in coronavirus cases. Load Error Shares of big technology stocks Apple and Microsoft gained, capping the losses in the broader market. Stocks that are bets on the economy reopening were mixed. Airlines and casino shares were lower, but retailers were higher. The Dow Jones Industrial Average fell about 100 points, or 0.5%, while the S&P 500 dipped 0.3%. The tech-heavy Nasdaq Composite traded 0.1% lower. The major U.S. stock averages are coming off their fourth weekly gains in five weeks. Both the Dow and S&P 500 advanced at least 1% last week, while the Nasdaq Composite surged more than 3%. Apple and Microsoft each gained at least 0.5% in premarket trading as investors bought into technology shares which have show resilience during the pandemic. Shares of Gap...
    (Reuters) – A U.S. district court on Thursday ruled in favor of generic drugmaker Mylan NV in a patent dispute over Biogen Inc’s blockbuster multiple sclerosis drug Tecfidera, sending Biogen’s shares down nearly 6%. Tecfidera has been Biogen’s main growth driver since it was launched in 2013, generating sales of $4.43 billion in 2019, accounting for nearly a third of total revenue. A court in the Northern District of West Virginia ruled that Mylan had established that the asserted claims of Biogen’s patent are invalid. The announcement comes months after Biogen won a favorable ruling against Mylan by the Patent Trial and Appeal Board, an administrative court run by the U.S. Patent And Trademark Office. Mylan and Biogen did not immediately respond to Reuters’ requests for comment. Mylan’s shares were up 5.64% at $16.87, while Biogen’s shares were down 5.8% at $265.19 in morning trading....
    TOKYO (AP) — Shares were mostly lower in Asia on Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. Benchmarks in Tokyo, Sydney and Shanghai fell after China reported an outbreak of new infections in Beijing and reimposed precautions to prevent it from spreading. Stocks are turning wobbly as investors re-evaluate their expectations for economic growth, which many skeptics have been saying were overly optimistic. Case numbers are still growing in various nations, including emerging economies, and without a vaccine, relaxing lockdowns and reopening travel could bring on further waves of COVID-19 cases. Japan’s benchmark Nikkei 225 dropped 3.5% to finish at 21,530.95. South Korea’s Kospi slipped 4.8% to 2,030.82. Australia’s S&P/ASX 200 shed 2.2% to 5,719.80. Hong Kong’s Hang Seng slid 2.2% to 23,775.37, while the Shanghai Composite edged down 0.9% to 2,892.94. ...
    Former “Saturday Night Live” cast member Jay Pharoah says he was stopped by police while jogging in Los Angeles recently, that one of the officers kneeled on his neck and that video footage, apparently from a nearby security camera, recorded the incident. Pharoah shared the video on Instagram today, saying “I could have easily been an Ahmaud Arbery or a George Floyd.” The actor and comedian spoke about the incident during an appearance on today’s episode of CBS’ “The Talk,” describing how he was stopped by four police officers, their guns drawn, as he was running on an L.A. sidewalk. He was told, he said, that he fit the description of a man they were seeking – “a black man with gray sweatpants and a gray shirt,” Pharoah said. On “The Talk,” Pharoah said, “I see a gun from my peripheral and I look and the officer is like, ‘Freeze...
    BANGKOK (AP) - Shares were mostly higher in Asia on Wednesday as investors awaited the outcome of a Federal Reserve meeting. The advance followed a sell-off that brought a weekslong rally on Wall Street to an abrupt halt. Markets rose in Tokyo, Hong Kong and Sydney but fell in Shanghai. U.S. futures were higher. Overnight, the S&P; 500 fell 0.8%, its largest loss in almost three weeks. A day earlier, it had turned positive for the year for the first time since February. TOP STORIES Coronavirus hype biggest political hoax in history Bigger than life: George Floyd known for big heart, good works, struggles with drugs, crime Trump orders U.S. to develop polar ice-breaking fleet for Arctic, Antarctic Skeptics have been saying for weeks that the rally may have been overdone given uncertainties over how strong and sustainable economic recoveries may be when infections and fatalities...
    (CNN)President Donald Trump on Thursday shared a letter on Twitter that referred to the peaceful protesters who were forcibly dispersed from a park near the White House on Monday evening as "terrorists."The letter from veteran attorney and former Trump lawyer John Dowd appears to be addressed to former Secretary of Defense James Mattis and rebuts Mattis' Wednesday statement castigating Trump's response to the nationwide protests after the death of George Floyd at the hands of a Minneapolis police officer. "The phony protesters near Lafayette were not peaceful and are not real," Dowd's letter claimed, without citing any evidence. "They are terrorists using idle hate filled students to burn and destroy. They were abusing and disrespecting the police when the police were preparing the area for the 1900 curfew."CNN has reached out to the White House for comment on the description of the protesters as "terrorists."The President's decision to share the...
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