E*Trade reportedly weighs ban on ‘Roaring Kitty’ after meme trader reveals $116M GameStop bet
NY Post
E*Trade is reportedly considering a ban on “Roaring Kitty” after the famed meme stock trader once again sent GameStop shares surging dramatically on Monday, according to a report.
Shortly before he sparked a renewed trading frenzy in GameStop shares last month, “Roaring Kitty,” whose legal name is Keith Gill, bought a “large volume” of GameStop options on E*Trade, The Wall Street Journal reported on Monday, citing unnamed sources.
This past weekend, Gill posted a screenshot of his account showing that he owns $116 million worth of GameStop stock as well a new trove of options that expire later this month. His total gains on the position stood at $6.86 million, according to the screen shot.
Gill, who is known on Reddit as “DeepF–kingValue” and who goes by “Roaring Kitty” on X and YouTube, sent GameStop shares soaring 75% in early trading Monday with his latest post. The shares closed 21% higher.
The wild moves have sparked market manipulation concerns at E*Trade, according to the Journal, with executives at the Morgan Stanley-owned day-trading platform concerned at the outsize power Gill can wield over markets for his own benefit, according to the report.
Nevertheless, company executives are caught in a “debate” about whether to clamp down on Gill — and “whether or not the firm is willing to risk drawing the attention of his meme army by removing him,” the paper reported, citing unnamed sources
Kohl’s CEO Michael Bender has revealed that customers and staffers do not need to worry about more intense store closures this year as he focuses on turning around the flailing retailer.
US wholesale prices came in hotter than expected in February.
Investors have flocked to gold IRAs to diversify their retirement savings as the asset soared well above $5,000 an ounce — but with that surge in popularity comes a wave of bad actors who have no business touching anyone’s retirement savings.
In the midst of tax season, with the April 15 deadline quickly approaching, the Internal Revenue Service is warning taxpayers about scammers out to rip you off.
Another one bites the dust. Domino’s, the nation’s largest pizza dining chain, joins the ranks of pizza giants whose franchisees have filed for bankruptcy, leaving many SoCal locations in major limbo.
Dana Walden is unifying Disney’s film, television, streaming and gaming under one roof days before a new CEO takes the reins.
Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time.
Saks Global — owner of luxury stores including Saks Fifth Avenue and Neiman Marcus — is cutting over 1,200 jobs as it shutters more than a dozen locations nationwide following its bankruptcy filing earlier this year.
Gas prices reach highest level since October 2023 as oil holds above $100 per barrel; US stocks jump
Brent crude oil held above $100 per barrel on Monday, pushing national average gasoline prices to their highest level since October 2023 as President Trump urged allies to help protect oil tankers from Iranian attacks in the key Strait of Hormuz.
Amazon has been signaling that it wants a piece of the Saks empire — including possibly buying it outright — even as its prospects to break into the luxury market have been complicated by its controversial role in the retailer’s bankruptcy, The Post has learned.
The founder of a Vermont-based whiskey brand wants to give away a college campus that he bought during the pandemic — on the condition the new owner shares his vision for “the revival of our country and our civilization.”
WASHINGTON — Energy Secretary Chris Wright predicted that Americans will continue to experience the pinch in their wallets at the gas pump for the “next few weeks,” but he was hopeful that prices could drop below $3 a gallon by the summer.
At the start of his term in January, Mayor Mamdani had the Big Apple’s lenders in his corner — despite his plans to remake the Big Apple economy under his socialist agenda.