Saturday Morning With Jack Tame

Paul Stenhouse: The internet vs Wall Street

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It's the internet vs Wall Street You've probably heard of this story. Millions of amateur traders, wanting to teach Wall Street a lesson, have poured money into certain companies to push their stock prices up. That affects traders looking to 'short' the companies. That's when they bet on a stock going down. One of the app based trading platforms has got caught up in the fight. RobinHood sells data on the transactions to the third parties executing the deals, then these Market Makers can then make money off the spread - the difference in pricing during the time between buy and sell orders. It might be just pennies of profit, but when you do that at volume there're serious money to be made.Amazon is ready to distribute vaccines The company sent President Biden a letter on his first day in office offering to help with distribution using its vast delivery network. They're uniquely suited to this task as in New York City, for example, they can deliver you almost anything in less than two hours. They can get packag