March 17, 2021

trading

NFL linebacker Cassius Marsh turns passion for Magic: The Gathering, trading cards into business

NFL linebacker Cassius Marsh turned his passion for the trading card industry into an entrepreneurial opportunity with his own Southern California store and a booming brand.

Marsh and a lifelong friend opened Cash Cards Unlimited in Westlake Village late last month as the value of sports cards and gaming cards like Pokémon, Magic: The Gathering and Yu-Gi-Oh continued to thrive. He told FOX Business in an interview this week that business has been good since

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Trading tax hike won’t harm Hong Kong’s stock market: Financial secretary

Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.

Chan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%. The announcement sparked a sell-off in shares of the operator of the city’s stock exchange, and the broader Hong Kong market.   

“The Hong Kong market has been doing very well, very active, the volume has gone up quite a bit,” Chan told CNBC’s Emily Tan.

“So,

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Under fire, Robinhood CEO apologizes to Congress for restricting trading

Wall Street, Silicon Valley, rogue internet chatrooms and Congress collided Thursday in a hearing to dissect what went down during the recent skyrocketing rally of GameStop and other stocks.

The virtual hearing of the House Financial Services Committee was called after shares of GameStop, AMC and other stocks favored by online traders surged late last month on the back of a “short squeeze” strategy that made early investors millions of dollars on paper, while hedge funds that bet against them lost billions.

Many of the retail investors used the zero-commission trading app Robinhood to execute their trades — but they

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Why SPAC CF Finance Acquisition III’s Stock Is Trading Down Today

What happened

Shares of CF Finance Acquisition III (NASDAQ:CFAC) were trading lower on Wednesday after the special purpose acquisition company (SPAC) announced that it has struck a deal to merge with lidar maker AEye.  

As of noon EST, CF Finance Acquisition III’s shares were down about 17.1% from Tuesday’s closing price.

So what

Here’s the background. California-based AEye was started in 2013 by Luis Dussan, an engineer who had worked for years on targeting systems for military fighter jets. Of note, these are artificial intelligence-based systems that have to be able to see, identify, and respond to objects very quickly.

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Unlike Robinhood, the best investing apps don’t involve day trading

The recent astronomical rise of meme stocks brought many people to the stock market for the first time, typically through Robinhood, the commission-free stock trading app that has promised to democratize access to the stock market. According to a number of financial advisers, the app appears to be democratizing certain types of risky investing, like day trading. There are potentially less risky — and equally user-friendly — app options out there.

The thing is, it’s impossible to predict the market. Many professionals spend their entire careers trying to do so, with varying levels of success. And regular people who invest

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Financial planners warn of ruin as stock trading takes on video game traits

The individual investor has never had more power.Platforms like Robinhood have made it possible to trade stocks — for free — from your phone. Millions have signed up, and many jumped into the trading frenzy around GameStop stock in the past few weeks.But what played out in the market didn’t look like investing to many financial planners.”I’d almost put it equivalent to gambling,” said Paul West, Managing Partner at Carson Wealth. “The best long term investors look so far out into the future instead of what’s happening today.”For many of those armed with trading apps, that’s not what’s happening. Free … Read More