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Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock
BusinessEconomyFinanceNews (Business)

Black Investors Take Note: Reddit Rebellion Rescues GameStop Stock

Stacy M. Brown NNPA Newswire Senior National CorrespondentFebruary 11, 2021

The band of amateur day traders that interact with each other on the Reddit page WallStreetBets, encouraged whoever was listening to buy shares of the flailing GameStop, AMC, Macy’s and Koss stocks. Big investors, often in the form of hedge funds, frequently bet against struggling public companies using a process referred to as “shorting,” which allows investors to bet on the degree of misfortune a stock may experience and earn billions of dollars in profits as a result.

GLAAACC Hosts Women In The C-Suite
BusinessLocalNews (Business)

GLAAACC Hosts Women In The C-Suite

September 20, 2018

Despite accounting for 19 percent of the U.S. population, women of color occupy a mere 3 percent of the senior executive or “C-suite” positions in Fortune 500 companies, according to the Women in the Workplace 2017 report. Five African American women who have broken through the glass ceiling to attain senior corporate executive positions shared words of wisdom and success secrets at a recent panel discussion entitled Women in the C-Suite:  Positioned to Prosper. Hosted by the Greater Los Angeles African American Chamber of Commerce (GLAAACC), the panel included: Michelle Avan, director, West Division Supervision Executive Global Wealth Investment Management, Bank of America Merrill Lynch; Beverly Kuykendall, president, Government Business for American Medical Depot; Lorna Little, CEO of St. Anne’s; Lisa Stockmon, founder and CEO, My Atta Grrrl and Bianca Vobecky, founder and president of Vobecky Enterprises.  The event was