- Why GameStop’s stock soared, and why it’s causing a fight between Reddit and Wall Street (Deseret News) – Really interesting story. Traders on the Reddit page WallStreetBets, a community known for discussing market trends, recently pushed for people to buy GameStop options, hoping to raise the stock price of the video game company.
- Fed dismisses worries about inflation and pledges to keep rates low (CNN) – The Federal Reserve left interest rates unchanged Wednesday and assured investors that there are no near-term plans to raise them.
- Facebook will stop recommending political groups permanently (CNBC) – The change comes in the wake of the insurrection at the U.S. Capitol on Jan. 6. “This is a continuation of work we’ve been doing for a while to turn down the temperature and discourage divisive conversations,” Zuckerberg said.
