Wall Street

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.

Rep. Ilhan Omar called for a new tax on stock trades after a battle between an army of amateur investors and hedge funds caused a dramatic swing in the share price of GameStop and other heavily shorted companies.

Sen. Warren said hedge funds and corporations benefit from inefficient markets.

Members of the New York Young Republicans are planning to storm Zuccotti Park in lower Manhattan Sunday for a “Re-Occupy Wall Street” democnstration.

This movement is the culmination of nearly five decades of the democratization of markets set off by none other than the late founder of Vanguard Group, Jack Bogle.

Texas' top prosecutor said he was launching an investigation into the GameStop market surge Friday, accusing Wall Street "elites" of rigging the markets and corruption.