E-Trade is debating whether to ban meme stock star Keith Gill from its platform, WSJ reports

E-Trade is having internal discussions about whether to ban Keith Gill — the meme stock trader who just disclosed a big position in GameStop — from the trading platform over concerns regarding potential market manipulation, The Wall Street Journal reported Monday. The brokerage, owned by Morgan Stanley, hasn’t reached a decision yet, the Journal said, citing people […]

Best Buy set for tenth straight quarter of sales drop on weak electronics spending

Best Buy (BBY.N), opens new tab is set to post its tenth consecutive quarter of sales decline on Thursday when the U.S. electronics retailer reports quarterly results, as spending on big-ticket electronics remains pressured despite easing inflation. Although results from big-box retailers Walmart (WMT.N), opens new tab and Target (TGT.N), opens new tab indicate that consumers have resumed spending on less-expensive […]

Meta must face Australian billionaire Forrest’s US lawsuit over scam Facebook crypto ads

A U.S. judge rejected Meta Platforms (NASDAQ:META)’ bid to dismiss a lawsuit by billionaire Australian mining magnate Andrew Forrest over scam Facebook advertisements that show him promoting fake cryptocurrency and other fraudulent investments. In a decision on Monday, U.S. District Judge Casey Pitts in San Jose, California said Australia’s second-richest person can try to prove […]