It is Wednesday May 15th, Meme stocks are pulling back after a two day rush, but the S&P 500 and Nasdaq hit record highs after April inflaiton data came in low.
My name is Kevin Travers, here are updates on WallStreetBets Stocks, and stories about the moving market today. $GameStop (GME.US)$ pulled back 30%, after a 60% Tuesday rally, and a 296% rally for the past five days.
$AMC Entertainment pulled back 25% after a 32% increase at Tuesday's ...

$AMC Entertainment (AMC.US)$ havent seen so many halts in a day

$First Republic Bank (FRC.US)$ is not having a good time.
It is going through the hardest time since its founding till now.
2 days ago, it announced that it will be suspending dividends on its preferred stock.
That's not all.
Over the past 3 weeks, First Republic has lost eight teams or solo advisors to competitors.
Without teams to service clients, even if the balance sheet is strong and robust, there could be more headwinds and challenges in the coming quarter...