The pandemic has seen to the rise of many ways to make a quick buck, be it grifting, scams, or investing. The latter has caused quite a stir in the marketplace, as first-time investors flooded trading apps such as Robinhood and Coinbase in the last few months. In January of 2021, the reddit thread titled r/WallStreetBets hinted to its 2 million subscribers that major investors were betting on video game company Game Stop going bust. Major investors shorted Game Stop stock (this is when an investor borrows a stock, sells it, then buys it back to return it to the lender) with the hopes of seeing it collapse and to make a profit from the stock’s low price. Investors began to short more stocks, resulting in more short positions than actual shares. This resulted in a huge demand and low supply. Realizing this, r/WallStreetBets subscribers decided to buy the stock and hold it, causing the price to go up. This is called a short squeeze, where people with shorts desperately try to buy up ...
Wayne State University's First Lady, Jacqueline Wilson, established the HIGH (Helping Individuals Go Higher) Program to ensure that students do not have to choose between financing basic necessities and earning a degree. The Program provides resources for students-in-need, such as housing support, textbook and other school suppliers, clothing, transportation, and child-care assistance.