JP Morgan Manipulated Gold to Keep Hedge Funds Happy
An ex-trader says JP Morgan spoofed gold to keep hedge funds happy. He says client orders made a lot of money for the bank. Big hedge funds like Moore Capital Management and Tudor Capital Corp. were so important to JPMorgan Chase…
Ken Griffin Spent $54 Million to Fight a Tax Increase on The Rich
Citadel’s Ken Griffin spent $54 million to fight a tax increase on the rich that would raise the rate from 5% to 8% according to ProPublica. This increase would have cost $51 million every year in extra tax. In especially good years — in 2018,…
AMC Entertainment Seats 5.9 Million Guests in Highest Grossing Weekend
AMC Entertainment just broke record this year. According to CEO Adam Aron, this was AMC’s most attended and highest grossing weekend in 2022 so far. Thor: Love and Thunder had a whopping $302 million weekend box office victory. AMC Entertainment…
AMC Entertainment Stock Closes Trading Week Strong
AMC Entertainment stock finished the week up +8.75%. The movie theatre chain stock had a high of $15.32 and low of $13.84 on Friday. CEO Adam Aron announced on Thursday retail investors can expect a ‘pounce’ after second quarter 2022 earnings…
Chicago Tribune Says Citadel Securities’ Dark Pool Targets Small Investors
The Chicago Tribune just published a piece explaining exactly what retail investors have been warning the SEC about. Citadel Securities’ dark pool dominates a big part of the financial world, accounting for as much as half of U.S. stock market…
