Megan Thee Stallion is giving away $1 million worth of stock to teach fans how to "build your own empire" with her new "Investing for Hotties" initiative.
The voluptuous rapper's fans helped her to build wealth and now she wants to return the favor.
"Me and my thriving empire, Hot Girl Enterprises, have teamed up with Cash App to teach you everything I learned on the way up about money and how you can build your own empire.
"Buying stocks isn't only for the big players. Anyone can start with as little as $1. Putting in a little money and seeing how it moves is a great way to learn about the stock market and start building up a portfolio."
Fans who hope to win stocks can comment on her latest Instagram post with "$cashtag" for a chance to win the stocks.
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The "WAP" hitmaker, who was named one of the 100 most influential people in the world by Time magazine last year, urged investors to start small, adding, "With Cash App, you can buy and sell small pieces of stock called fractional shares, and ease your way in nice and slow.
"Buying stocks seems complicated, but really it's a pretty simple process. The more you educate yourself the more equipped you'll be to navigate investing. With my knowledge and your hustle, you'll have your own empire in no time."
Soccer fans were surprised when Cristiano Ronaldo snubbed Coca-Cola during his press conference on Monday.
The superstar, who plays for Portugal, removed two bottles of Coca-Cola from the table then declared everyone should water.
His rant caused shares of Coca-Cola stocks to plunge $4 billion in value on Tuesday.
Last year, the champion soccer star revealed his disapproval of his 10-year-old son, Cristiano Ronaldo Jr., consuming the sugary soft drink and eating potato chips.
"We'll see if my son will become a great footballer. Sometimes he drinks coke and eats crisps and it irritates me, he knows that."
Ronaldo, 35, has four children, including twins Eva and Mateo and daughter Alana Martina.
Fans were surprised because Ronaldo has promoted Coca-Cola and its products over the years.
Twitter users posted old promotional ads that show Ronaldo holding a can of Diet Coke, as well adverts for KFC and McDonald's in recent years.
But not everyone was critical of Ronaldo's contradictions.
Boxer Josh Warrington tweeted: "We've all contradicted ourselves before haven't we...?"
Rapper Nas's QueensBridge venture firm hit the jackpot after Coinbase IPO began trading on Tuesday.
The original Nas, real name Nasir Jones, founded QueensBridge Venture Partners in 2013. The rapper's stake in the company was at least $500,000.
Within minutes of trading, Nas' venture firm was worth $100 million. By the end of the day his shares of Coinbase was worth over $200 million.
"Long crypto forever.... in sickness & in health," Nas tweeted hours before Coinbase started trading.
Basketball player Kevin Durant was also an early investor.
QueensBridge, named after the housing project where Nas grew up, has invested in more than 100 companies, including Casper, Dropbox, FanDeul, Parachute, and Lyft.
QueensBridge also invested in Ring doorbell company in 2014, which sold to Amazon AMZN +1.2% for $1.1 billion in 2018. Jones pocketed at least $25 million in the transaction.
"There wasn't a time when [rappers] didn't think about investing," said Nas. "It just so happens that the world is opening up," Jones told Forbes in 2018.
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A Reddit user who made $48 million in GameStop call options during last week's Reddit-fueled rally claims he lost $19 million when the stock nosedived on Monday and Tuesday.
Keith Gill, 34, who goes by the Reddit username @DeepF---ingValue, says he will hold onto his shares even after the stock lost 80% of its value in 3 days.
Gill started investing $53,000 in GameStop stock last year when he noticed the video game retailer was being heavily shorted by hedge funds. Hedge funds earn millions of dollars by betting that a company's stock price will drop.
Gill earned a quick $48 million during last week's historic rally, but it took less than 2 days for him to lose $19 million.
According to the Wall Street Journal, Gill is an investor who previously worked in marketing for an insurance company.
Reddit users teamed up to send GameStop stock soaring from $36 to $483 a share. But the stock dipped below $80 a share by Tuesday afternoon.
Hedge funds, which lost billions during the GameStop rally, used a tactic called a "short ladder attack" which involves selling GameStop shares to each other at lower prices, thus tricking Wall Street's algorithms into believing retail investors sold their shares at below market prices.
The ladder attack -- which is illegal -- caused the stock's prices to artificially fall. Thousands of Reddit users lost their stock gains and their life savings in 2 days.
Billionaire Mark Cuban participated in an "Ask Me Anything" session on Reddit.com on Tuesday afternoon to calm panicked investors who lost everything.
During the AMA session, Cuban urged investors not to sell their GameStop shares because the low stock price is artificial and only temporary.
Ja Rule weighed in after Robinhood banned trading of GameStop ($GME) stocks on its app on Thursday.
A group of maverick day traders on Reddit.com destroyed at least one Wall Street hedge fund when they purchased GameStop stocks before the hedge funds could buy the stocks to cover their short positions.
Hedge funds bet that a company will fail by "shorting" the company's stock even though they don't own the stock. If the stock price falls, they earn money. But if the stock rises (as was the case with GameStop), the hedge funds must buy the stocks to cover their bets or lose billions of dollars.
Teenagers on Reddit earned millions when the stock surged from $36 on Jan. 19 to $336 on Wednesday.
GameStop stock rallied to $500 before the opening bell on Thursday morning, then plunged more than 60% after Robinhood banned GameStop trades on the app.
Robinhood users complained that the app blocked them from buying more shares. Users could only sell their GameStop shares -- which helped hedge funds buy more shares to cover their short positions.
At least one lawsuit has been filed against Robinhood app for manipulating the stock market to help hedge funds by preventing day traders from buying more GameStop stock.
Rapper Ja Rule urged Robinhood users not to sell their shares of GameStop. He tweeted: "Yo this is a f***ing CRIME what @RobinhoodApp is doing DO NOT SELL!!! HOLD THE LINE... WTF."
Billionaire Mark Cuban also advised traders on Robinhood and Reddit to hold their shares so the hedge funds can't buy the stocks: "Get loud and get long."
Cuban tweeted on Thursday: "So are @robinhoodapp and @IBKR ending trading in #wallstreetbets stocks because they are losing their ass on these trades? Or maybe they dont have the cash to enable the trades at this scale ? Anyone have any insight on their economics? [sic]."
And Congresswoman Alexandria Ocasio-Cortez tweeted: "This is unacceptable.
We now need to know more about @RobinhoodApp's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
As a member of the Financial Services Cmte, I'd support a hearing if necessary."
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By now you've heard about the hedge fund-busting antics on Robinhood and Reddit.com where teenagers became millionaires overnight by investing in GameStop stocks.
The stock price is being fueled by hedge funds desperately covering their short positions in GameStop, the video game retailer.
Hedge funds were short-selling GameStop -- or betting that the company would fail. The lower the stock price fell, the more money the hedge funds made.
But they didn't bet that a group of scrappy day traders on Reddit would rally to save GameStop from certain failure.
When Redditors began purchasing GameStop stocks on Jan. 19, the stock was selling at less than $30 a share. Just one week later the stock price hit a whopping $336 a share -- and the price is going higher.
The catalyst for GameStop to explode higher came on Friday, Jan. 22, when Citron Research announced it would not comment on GameStop any longer due to the actions of "an angry mob" -- the "angry mob" being amateur day traders on Reddit and RobinHood.
Some teenagers who purchased GameStop stock options on the Robinhood stock trading app on Jan. 19 are millionaires today. Others are crying tears of joy because they earned enough money to pay for surgery or to buy a new car.
CNN laughably referred to the "angry mob" on Reddit.com as "Trump supporters."
In an unprecedented move to protect hedge funds on Wednesday, stock broker TD Ameritrade halted trading on GameStop.
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The public is beginning to suspect that the government's rush to bring a Covid-19 vaccine to market is a money grab by big Pharma.
Just a day after announcing Pfizer's Covid-19 vaccine is more than 90% effective in preventing the coronavirus, company CEO Albert Bourla sold 62% of his stock.
The company's claim of 90% efficacy for its vaccine was not independently verified.
The large stock sale sparked allegations of a "pump and dump" insider trading scheme to earn maximum profit by releasing favorable information about a stock before dumping the stock on the open market.
The SEC Form 4 filing obtained by Axios.com shows Bourla sold 132,508 shares at an average price of $41.94 per share, equivalent to $5.6 million.
A Pfizer spokesperson told Axios that the CEO's stock trade was planned in August and the trade was executed on Tuesday.
Other pharmaceutical companies developing vaccines such as Moderna, also made similar stock sales after announcing favorable news about their vaccines.
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President Trump sparked a frenzy on Twitter.com when he proposed a delay in the Nov. 3 election over fears of mail-in voting fraud.
"With Universal Mail-In Voting (not Absentee Voting, which is good), 2020 will be the most INACCURATE & FRAUDULENT Election in history," Trump tweeted on Friday morning. "It will be a great embarrassment to the USA. Delay the Election until people can properly, securely and safely vote???"
The president's tweet triggered a 490-point drop in the stock market amid concerns that the president is attempting to delay the election.
Political analysts say a president can't delay the election unless he gets the approval of Congress.
But Trump's supporters say he is trolling his Twitter followers, as usual.
Democrats expressed fears that Trump is setting himself as a dictator who will refuse to leave the White House if he loses in November.
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White House coronavirus task force member Dr. Ben Carson says Black people continue to be hardest hit among the most populated cities ahead of the "second wave" of coronavirus infections in the fall.
Carson said the crisis has helped reveal issues of disparity among Black people in the country and that it needs to be approached in a "holistic manner" as the so-called coronavirus "second wave" hits America in the fall.
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Blacks have been hardest hit due to the lack of affordable healthcare insurance and the tendency to lead unhealthy lifestyles.
"This crisis has really shined the light on this disparity issue," Carson said. "We've known about this obviously for decades and people have talked about it and signed on it. We haven't made a lot of progress."
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In unrelated news, Dr. Carson reportedly sold $1 million in stock after a coronavirus meeting on Capitol Hill in March.
The HUD secretary reportedly sold $1 million in Kellogg stock on March 18, likely to avoid a huge financial loss before a volatile Wall Market plunge in March.
Carson served as Kellogg director from 1997 to 2015. He received the stock as part of his benefits package with Kellogg.
Carson disclosed the sale in a transaction form he filed with the U.S. Office of Government Ethics on April 20. Typically, public officials are supposed to disclose such sales within 30 days.
North Carolina Senator Richard Burr stepped down as chairman of the Senate Intelligence Committee after he allegedly sold stocks to avoid huge financial losses amid the coronavirus outbreak.
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NC Senator Richard Burr has agreed to step down as chairman of the Senate Intelligence Committee after he allegedly sold stocks to avoid huge financial losses amid the coronavirus outbreak.
Burr faces allegations of insider trading, which is punishable by prison time and stiff fines.
Burr, a member of the Republican Party, is the first to step down after a handful of GOP and Democrat lawmakers were accused of selling stocks during the early stages of the coronavirus pandemic in March.
The list of senators under investigation include Georgia Senator Kelly Loeffler (GOP), Calif. Sen. Dianne Feinstein (Democrat), and Oklahoma Senator Jim Inhofe (GOP).
The news comes after Burr was served with a warrant to search his cellphone on Wednesday after previously being served with a warrant to access his iCloud account.
Burr and his wife are accused of selling $1.7 million worth of stocks to avoid huge losses before the country was ordered to shut down.
Burr's brother was also accused of selling stocks on the same day.