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Investing Playbook

Melvin Capital, hedge fund that bet against GameStop, lost 53% in January

Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January.

Robinhood defends its app to regulators

Robinhood Markets Inc. on Friday told Massachusetts regulators that it doesn't take advantage of inexperienced customers, capping a wild week during which the popular online brokerage drew fierce ire for doing just the opposite: standing in customers' way.