• Melvin Capital says it plans to unwind funds0

    Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as

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  • Carvana, GameStop, AMC, General Motors and more0

    Check out the companies making headlines in midday trading Thursday. Carvana — Shares of the online used-car retailer popped nearly 30%, alongside other heavily shorted stocks. Nearly 29% of Carvana shares available for trading are sold short, according to FactSet. The company has faced negative sentiment on Wall Street recently, with downgrades this month from

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  • Charlie Munger says Robinhood is justly ‘unraveling’ for ‘disgusting’ practices0

    Berkshire Hathaway Vice Chairman Charlie Munger blasted stock trading app Robinhood on Saturday, saying the company is now “unraveling.” “It’s so easy to overdo a good idea. … Look what happened to Robinhood from its peak to its trough. Wasn’t that pretty obvious that something like that was going to happen?” Munger said at Berkshire

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  • Robinhood HOOD Q1 2022 earnings0

    Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., attends his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Retail brokerage firm Robinhood released its first-quarter results on Thursday, showing a wider-than-expected loss and shrinking revenue. Here’s what the company reported compared

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  • Bed Bath & Beyond stock jumps on report company received a bid for Buybuy Baby unit0

    A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch on November 17, 2018 in Torrance, California. Randy Shropshire | Getty Images Bed Bath & Beyond‘s shares have jumped on news that the company is considering offers to buy its BuyBuy Baby business. The news was reported by The

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  • Ryan Cohen brings an activist approach to Bed Bath & Beyond0

    Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Company: Bed Bath & Beyond (BBBY) Business: Bed Bath & Beyond runs a chain of retail stores. It operates through two segments, North American Retail and Institutional Sales. The company sells a range of domestic merchandise, including

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