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Wall Street faces Washington crackdown after GameStop rollercoaster
The frenzy surrounding the trading of GameStop stock is triggering Washington’s most intense scrutiny of Wall Street in more than a decade.Reddit's users have said they wanted to punish hedge funds that were betting on further declines in GameStop and other struggling companies. As the stock rose, the short sellers suffered. | Spencer Platt/Getty ImagesThe frenzy surrounding the trading of GameStop stock is triggering Washington’s most intense scrutiny of Wall Street in more than a decade, teeing up hearings and investigations that threaten brokers and hedge funds at the center of the...…The frenzy surrounding the trading of GameStop stock is triggering Washington’s most intense scrutiny of Wall Street in more than a decade.Reddit's users have said they wanted to punish hedge funds that were betting on further declines in GameStop and other struggling companies. As the stock rose, the short sellers suffered. | Spencer Platt/Getty ImagesThe frenzy surrounding the trading of GameStop stock is triggering Washington’s most intense scrutiny of Wall Street in more than a decade, teeing up hearings and investigations that threaten brokers and hedge funds at the center of the...WW…
‘It is madness’: Governors rage over stimulus snub
Months of pressure from state and city leaders failed to secure aid for local governments as part of the deal emerging in Congress.New Jersey Gov. Phil Murphy told reporters Wednesday morning that leaving state and local aid out of the stimulus package is “completely unacceptable.” | Seth Wenig/AP PhotoAmerica’s governors seethed on Wednesday over news that a much-anticipated federal stimulus package will not include a bailout for local governments — and accused Washington of abandoning states and cities.Leaders across the country pleaded with Congress for months to reach a deal that would...…Months of pressure from state and city leaders failed to secure aid for local governments as part of the deal emerging in Congress.New Jersey Gov. Phil Murphy told reporters Wednesday morning that leaving state and local aid out of the stimulus package is “completely unacceptable.” | Seth Wenig/AP PhotoAmerica’s governors seethed on Wednesday over news that a much-anticipated federal stimulus package will not include a bailout for local governments — and accused Washington of abandoning states and cities.Leaders across the country pleaded with Congress for months to reach a deal that would...WW…
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