Shares in the real estate company fell nearly 10 percent yesterday after it said it would stop buying and flipping houses for the remainder of the year. Microsoft executives told the billionaire, then the company’s chairman, that the “flirtatious” messages were “inappropriate.” A spokeswoman for Gates called the claims “false, recycled rumors.” The Times previously reported that the Microsoft co-founder had pursued female employees.Ī labor shortage hit Zillow’s stock. The scandal cast a shadow on Axel Springer at a crucial moment, as the KKR-backed media company prepares to close its takeover of Politico.īill Gates was warned about emails to a female employee in 2008. The media giant dismissed Julian Reichelt from Bild, Germany’s most powerful newspaper, after The Times reported on details of his relationship with a trainee. Robinhood has pushed this point since it was caught out during the meme-stock mania.Īxel Springer ousts a top editor over workplace behavior reports. said that the clearinghouse’s demands were a sign of the market working normally, but policymakers should consider ways to speed up settlement times to reduce the impact of future margin calls. At the peak of the meme-stock surge, Robinhood and other platforms limited trading in certain shares after the industry-run clearinghouse that settles most stock trades - a process that takes two days - demanded billions in additional cash. (A class-action suit by retail investors against Robinhood took particular issue with the practice.) These concerns were noted in the S.E.C.’s report, but payment for order flow was not fundamentally challenged.Īnd settlement times? Speeding up the settlement cycle, the report suggested, could help avoid a repeat of the January trading chaos. Payment for order flow - when brokerage firms sell the right to execute retail investors’ trades to bigger trading houses, like Robinhood does with Citadel Securities - has long drawn criticism about conflicts of interest. What about payment for order flow? Gensler recently suggested that the way some popular retail brokerages are compensated by bigger Wall Street firms may have to change. chairman, Gary Gensler, has hinted at big changes to the way markets work. But many observers anticipated much more, considering that the S.E.C. Is that it? The 45-page report was simply meant to describe events, a senior S.E.C. report about those events, released yesterday, concluded that the markets operated largely as intended, debunking conspiracy theories.

The frenzied trading in shares of GameStop, AMC and other so-called meme stocks in January led to big losses for some hedge funds, an outcry from retail investors who were abruptly shut out from trading and calls from Capitol Hill to overhaul market rules.

Citadel upgrade shadow of war