Tagged: William Rankin

From Vox:

There’s been a boom in day trading and individual investing over the past several months — activity that’s often taking place or being discussed on platforms such as Reddit and Robinhood instead of in more traditional arenas. And one big question amid the frenzy has been how much the little guys really matter. Sure, small-time investors trade a lot, sometimes to the annoyance of more traditional institutions, but are they really consequential?

When it comes to the GameStop saga, at least, the answer is yes. An army of traders on the Reddit forum r/WallStreetBets helped drive a meteoric rise in GameStop’s stock price in recent days, forcing it to halt trading multiple times and causing a major headache for the short sellers betting against it and banking on the stock falling.

(Featured image is "Blowing up balloons" by JoshBerglund19 and is licensed under CC BY 2.0)

From NJNN:

TRENTON, N.J. - New Jersey legislators have approved three bills that reshaped how the Garden State handles drug use involving marijuana.

The state’s Senate and Assembly voted first to create a new and legal marijuana industry from scratch and called for new regulations to be written within six months.

Additionally, both houses approved a bill that decriminalizes possession of up to six ounces of cannabis. That second bill is designed to stop arrests and expunge criminal records of low-level marijuana offenses.

...

Now, the Garden State is set to become the only state in the U.S. where adults can legally use, possess, and purchase cannabis while still risking prison for growing marijuana at home—under any circumstances.

(Featured image is "NEW JERSEY 1953 ---FARM USE LICENSE PLATE" by woody1778a and is licensed under CC BY-SA 2.0)