Net income was $270 million, well short of the $780 million estimated by Wall Street. Strong iPhone sales pushed the company's total quarterly revenue to a record $111.4 billion — well above the $103.3 billion Wall Street analysts had predicted. Wells Fargo banned its advisers from contacting clients to tell them to buy or sell GameStop (GME) and AMC (AMC). A group of Reddit users have targeted GameStop (GME), AMC (AMC) and other stocks that are heavily bet against by short sellers. 3 hr 27 min agoThe Fed isn't going to change the rules to combat GameStop's riseFrom CNN Business' David Goldman

Source: The Nation January 28, 2021 00:00 UTC