On March 6, 2021, the U.S. Senate passed the $1.9 trillion coronavirus relief package after the Democrats kept the roll call vote open for 11 hours and 50 minutes. The final quorum ended with 50 yeas from all 50 Democratic senators and 49 nays composed of solely Republican senators. The final quorum ended with 50-49Continue reading “Senate Passes $1.9 Trillion COVID Relief Package”
Category Archives: Economy
Retail Investors Crush Hedge Funds
With a reported 1,700% increase in the GameStop stock(GME) since the start of the year as a result of the Reddit community r/wallstreetbets’s GameStop rally, hedge funds who have been shorting the stock have lost approximately $19 billion according to financial data service Ortex. GameStop is an American video game retailer founded in 1984 whichContinue reading “Retail Investors Crush Hedge Funds”
