Friday, October 7, 2022

GameStop shares soar more than 20 per cent, on track for fifth day of gains | CTV News

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But Gittens said there could be exceptions if this was your first time dabbling in day trading. Sign Up with google Sign Up with facebook or. Create a password Sign Up. He did it, he said, because he believes in the cause: Protecting a cherished game store, where he would hang out as a teenager on Friday nights, from financial tycoons who want the company to fail.

I think this is bigger than the money now". Frustration and rage over widening financial inequities in the American economy have been mounting for years. The financial crisis that ignited the Great Recession of intensified resentment toward the bankers who had financed the dodgy loans behind the catastrophe and had ignored the obvious risks, only to receive bailouts from taxpayers and largely escape accountability.

Rising outrage fueled the Occupy movement, in which protesters took over New York's Zuccotti Park and other public spaces and demanded far-reaching financial reforms that mainly didn't happen.

The coronavirus inflicted further pain, flattening the economy and causing more than 20 million Americans to lose jobs. In the meantime, nearly 10 million people who lost jobs to the pandemic remain unemployed. The stock market, the chosen target of the Reddit day traders, has long stood as America's premier symbol of entrenched wealth.

But technology, including forums like Reddit, has made it ever easier, faster and simpler for the aggrieved to mobilize, swap information and collectively plot strategy. And e-trading apps, notably Robinhood, allow amateur traders to buy commission-free stocks with one click.

When hedge funds and other investors want to bet that a stock price will fall, they arrange a short sale: They borrow shares of, say, GameStop. Then they sell those borrowed shares, planning to buy back the stock later at a lower price and pocket the gain. But shorting can backfire disastrously if the stock surges instead of falling.

Then the short sellers can be forced to bail out of their bets by buying the target stock. Their buying, in turn, can send the stock price ever higher and makes things even worse for the short sellers in an intensifying feedback loop. GameStop, its future imperiled by e-commerce and a pandemic that has kept customers away, is among the most heavily shorted stocks.

Some of the Reddit rebels are gamers who want to protect the retailer from the predations of Wall Street. Apply Now. Email me New Job Opportunities in Canada! Send Me New Jobs! Company Overview GameStop. In free markets, the price of a stock is really whatever someone is willing to pay for it.

But speculating and trading are not the same thing as investing, as anyone who lost money on an ill-advised GameStop bet can tell you. Research and due diligence are much safer ways to evaluate the potential value of a company than strategies predicated on message boards and hope.

   

 

Canada Day in Vancouver: Fireworks, events | CTV News.Trade-in your old PS4 and get $$ in credits at GameStop



   

The big celebration happens at Canada Place from 11am to 6pm. Food trucks will also be in attendance for tasty noshing. Note: there will be no fireworks this year. Even on a regular day, Granville Island is a hub of fun activity.

As well, vendors around Granville Island will be getting into the Canada Day spirit. Tons of people will be heading to Granville Island to mark Canada Day, so look forward to cheerful crowds. You can enjoy a Canada Day filled with amazing music by both local and international artists. On July 1 pm , you can catch the closing performance of Marjorie Prime.

Written by Jordan Harrison, this Pulitzer Prize finalist takes place in the near future and tells the story of Marjorie, an year-old woman who is interacting with an A. Celebrate the vibrancy of Canadian theatre this Canada Day! Shipyards Live returns this summer every Friday from now until September 2.

This beloved event at the Shipyards in North Vancouver has something for everyone—and the location is stunningly picturesque. Shipyards Live is planning a big Canada Day party, featuring two stages with live performances. As well, Food Truck Lane will be offering a selection of delicious eats.

Kids can get maple leaves and more painted on their faces. Browse the artisan vendors at the Marketplace for some unique local finds. The gorgeous views from Vanier Park where Bard on the Beach is located would make a perfect backdrop for your Canada Day festivities. Plus, their iconic red and white tents are very fitting for Canada Day. This Tony Award-winning musical bursts with joyous energy as it tells the story of a shoe factory down on its luck until Lola, a drag queen, inspires owner Charlie to take production in a new direction.

On July 1 pm , cheer on the home team as they play against Spokane. The baseball will be exciting, the crowd friendly and easy-going, and the eats delicious. Have lunch at the Nat this Canada Day and relax over what promises to be a great game. The City of Burnaby is planning a return of their in-person Canada events. Expect local vendors, eats, and plenty of entertainment. Surrey Canada Day will take place at Bill Reid Millennium Amphitheatre in Cloverdale 10am to pm and showcases Indigenous and multicultural artists.

Highlights are an Indigenous Village, with a Siam stage, a Residential School Survivors Honouring Ceremony, as well as demonstrations and teachings; plenty of food trucks; a Community Hub with performances, a market, and athletic activities; and headline performances from artists like Shawnee Kisha and the Arkells. And from 6pm to 9pm, the Summit Lodge will host fiddler, singer, and stepdancer Jocelyn Pettit as part of their Mountain Music Series free with lift ticket or pass.

Collection of the artist. Photo courtesy of the artist. The Museum of Anthropology at UBC has two exhibitions for considering the important place of Indigenous arts and culture, and knowledge on the west coast. In a Different Light: Reflecting on Northwest Coast Art features over Indigenous pieces of art, many of them removed and housed outside of the province. Meanwhile, Shake Up: Preserving What We Value considers Indigenous knowledge about earthquakes in concert with the work of seismologists and engineers.

Finally, Xicanx: Dreamers and Changemakers explores the intersection of social justice with artistic practice among Xicanx Mexican American artists. The Museum of Vancouver has so many exhibitions that would be relevant to thinking through history and diversity on Canada Day.

Boarder X features work by Indigenous artists that considers territory and identity in relation to boarding e. That Which Sustains Us examines sustainability in Vancouver in relation to various knowledge systems.

And A Seat at the Table depicts the history of Chinese Canadians in the province through the lens of food. The exhibition considers the culture and artistic practices of the North, as well as gives recognition to previously overlooked Inuit artists. Beaded Nostalgia runs until October 23, spotlights the work of four beadwork artists, as well as beaded earrings from 50 contemporary artists.

The Vancouver Art Gallery has a wide array of exhibitions that highlight the diversity of Canadian artistic practice. Kids Take Over running until September 11, has works from the collection as well as drawings and text from local school-aged kids.

The exhibition is interactive and fun for the whole family. Visual artist Sandeep Johal has recently contributed a mural to a feature wall, showcasing her vibrant South Asian artistic influences. And Restless: Recent Acquisitions until September 11, encompasses pieces by artists of Asian descent.

Canada is well known for its natural landscape. Make a picnic, throw some burgers on the barbecue, and spend the day relaxing with friends and family. Besides well-known parks like Stanley Park and Queen Elizabeth Park, every neighbourhood in Vancouver has their own local park for leisurely spending time together on Canada Day.

Inside Vancouver is a multi-author blog, written by Vancouverites about Vancouver. Read more about Destination Vancouver. The material on this website may not be cached, distributed, reproduced, transmitted, or otherwise used without the prior permission of Destination Vancouver.

Photo: Shipyards Live. Photo: Bard on the Beach. Photo: Surrey Canada Day. Tagged: canada day , Canada Together. Comment 0. Contributors Inside Vancouver. Tara Lee. Taryn Eyton. Return to.



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