Stocks

Massachusetts fines MassMutual $4.75 million over ‘Roaring Kitty’ case

A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, among them the social media persona “Roaring Kitty,” whose online posts helped spark January’s trading frenzy in GameStop shares.

MassMutual fined for failing to monitor GameStop saga star

Massachusetts is fining MassMutual $4 million after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street earlier this year

CEO’s dad gets a $3.6B stock windfall at Carvana

The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017.

Stock futures waver, Chinese indexes fall

U.S. stock futures shrugged off another day of losses in China and Hong Kong Thursday, where indexes were hit by gathering fears around an economic slowdown and debt problems with giant property developer China Evergrande Group.

Billions blown as Macau casino investors fold amid gambling review

Shares of Macau casino operators on Wednesday shed as much as a third of their value, losing about $18 billion, as the government kicked off a regulatory overhaul that could see its officials supervising companies in the world's largest gambling hub.

Stocks fall as inflation slow down sparks tapering fears

U.S. stock indexes were pressured Tuesday as a report showed consumer price gains slowed in August, spotlighting the possibility the Federal Reserve could begin tapering its asset-purchase program later this year.

Dow, S&P snap 5-day losing streaks

U.S. stock indexes ended mixed Monday with both the Dow Jones Industrial Average and the S&P 500 snapping their five-day losing streaks.