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Reddit, GameStop, and Robinhood

newsflight february 1

Markets

Nikkei 225

27,663.39

▼ -534.03 / -1.89%

SSE Composite

3,483.07

▼ -22.11 / -0.63%

Bovespa

115,067.55

▼ -3.815.70 / -3.21%

Straits Times

2,902.52

▼ -17.78 / -0.61%

BMV IPC

42,985.73

▼ -1,295.00 / -2.92%

Dow Jones

29,982.62

▼ -620.74 / -2.03%

DAX 30

13,432.87

▼ -233.06 / -1.71%

BSE SENSEX

46,285.77

▼ -588.59 / -1.26%

FTSE 100

6,407.46

▼ -118.69 / -1.82%

JSE Top 40

57,312.45

▼ -772.01 / -1.33%

Market News

  • SSE Composite: Over the past week, China’s SSE Composite found itself dropping down, down, down. 
  • Mexican Bolsa: Mexico’s Bolsa Index closed down 4.59% on Friday alone.
  • CAC 40: In Europe, France’s CAC 40 Index joined many in the region in closing Friday down.

Last Week’s Highlights

Reddit, GameStop, and Robinhood

Last week, the United States’ stock market saw an unprecedented attempt to manipulate the market by a group of investors organized through Reddit. Since its inception, Wall Street has notoriously been controlled by major brokers. However, the app Robinhood appeared on the scene several years ago, with the promise to “democratize” investing. Ironically enough, when organized individuals planned to invest in GameStop this week to affect large firms, Robinhood halted all trading of the company’s stock. 

Navalny Takes on Putin Once Again

Alexei Navalny, Vladimir Putin’s opposition, has recently been gaining traction and brownie points with those across Russia opposed to the president. Over the last several years, Navalny has been publicly questioning the legitimacy of Putin’s presidency, leading him into hot water. In fact, he recently released significant information about a personal multi-billion dollar fortress that Vladimir Putin had been keeping secret for years. He is currently detained by Russian officials.

Coming Up This Week

Europe’s New Export Restrictions

The European Union has passed measures that will require more permissions before exporting COVID-19 vaccines outside of its borders. Now that the United Kingdom has officially separated from the EU, this could spell major trouble for it. In fact, while the EU and UK managed to come to an agreement on trade in December, the stipulations of the language in it appear to leave loopholes. The EU appears to have opted exactly for one of these loopholes, now announcing that it will restrict vaccine entry into the UK and Northern Ireland.

Astrazeneca Could Be Next Up on the Approved Vaccines List

While Pfizer and Moderna have taken the first official leaps toward vaccinating the world against COVID-19, the Oxford/Astrazeneca vaccine could be right behind. In fact, several regulators across Europe support this decision. However, not all are convinced that the Astrazeneca vaccine has been fully tested and proved safe, including Germany.


More Things to Sip On…

Australia appears to (almost) be back to “normal”.

Could India be the first country to pilot a national cryptocurrency?

Biden’s approach to relations with China appears very different from Trump’s.


Academy

5 Investment Tips To Become A Smart Investor

simple investment tips

“Why don’t you invest? Or why do your friends not invest? Many millennials report mistrust of the market, lack of know-how, insufficient funds, and student debt as barriers that prevent them from investing.”

Learn more »

6 Steps to set your Personal Financial Goals

financial goals

“No matter what stage of life you currently find yourself in, we’re pretty sure that you’ve given some thought about both your short- and long-term personal financial goals.”

Learn more »

20 Side Hustle Ideas to Boost Your Income

side hustle

“A side gig, moonlighting, or, as the kids call it these days, a side hustle is an excellent way to diversify your income, make a hobby profitable, and even build your confidence.” 

Learn more »

“During recession greed dies, frugality survives.”
– Amit Kalantri –


Disclaimer
Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of January 29, 2021. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

MARKET NEWS

More Things to Sip On…

FlexACADEMY

Disclaimer
All information provided was collected up to the last business day of the previous week of the release of this NewsFlight. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in NewsFlight are not representative of FlexInvest.