Yun Li
Yun Li is a markets and investing reporter at CNBC. She joined the network in 2018 and covers the U.S. markets and investing, as well as reporting on the biggest investors on Wall Street. Prior to joining CNBC, Li worked at Bloomberg News where she covered financial regulation and the Consumer Financial Protection Bureau for three years.
Biography:
https://www.cnbc.com/yun-li/
84%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
90%
Examples:
- The author has a tendency to use emotional language when discussing companies or investors who disagree with the performance of a company.
- The author often uses fear-mongering language when discussing economic topics such as disinflation.
- There are instances where the author quotes experts without providing any context or critical evaluation of their opinions.
Conflicts of Interest
90%
Examples:
- The author seems to focus on positive aspects of company performances without providing any critical analysis.
- There are no direct examples of conflicts of interest, but there is a sense that the author may be more sympathetic to the companies they cover.
Contradictions
90%
Examples:
- In another article, it is stated that GameStop closed up 21% on Monday following Gill's latest Reddit post, while in another part of the same article it says that shares of GameStop climbed about 4% in extended trading after Gill's post.
- In one article, the author states that Nvidia shares jumped after the company posted record revenue and issued upbeat guidance, but later in the same article it is mentioned that there were concerns about inflation and interest rates.
Deceptions
70%
Examples:
- The article implies that E-Trade may ban Gill from their platform due to potential market manipulation, without providing any studies or evidence supporting this claim.
- The author provides information on Keith Gill's holdings in GameStop without disclosing the source of that information.
- The author states that Nvidia shares jumped after the company posted record revenue and issued upbeat guidance, but it is later mentioned that there were concerns about inflation and interest rates. This creates a misleading impression.
Recent Articles
Federal Reserve Policy Meeting and Tech Giants' Earnings: A Week of Significant Developments in Finance
Broke On: Monday, 29 July 2024Two major events dominate the financial landscape this week: the Federal Reserve's policy meeting and earnings reports from tech giants Apple, Amazon, Meta Platforms (Facebook), and Microsoft. The Fed's potential rate cut decision and tech earnings could impact market sentiment. Four other companies - Merck, Pfizer, PayPal, Procter & Gamble - also release earnings reports with positive analyst expectations. Economic insights come from the Federal Reserve meeting and the official employment report. 
Bill Ackman's Pershing Square USA IPO Postponed: Reduced Fundraising Target and Market Volatility Cited
Broke On: Friday, 26 July 2024Billionaire Bill Ackman postponed Pershing Square USA's IPO on July 26, 2024, due to difficulty raising the initial $25 billion target. The fundraising goal was reduced to between $2.5 billion and $4 billion. The delay comes after filing with the SEC and may impact investor sentiment towards Ackman's investment strategies. 
Record-Breaking $44.6 Million Sale of Complete Stegosaurus Fossil 'Apex' to Ken Griffin
Broke On: Wednesday, 10 July 2024A record-breaking $44.6 million sale of the largest and most complete Stegosaurus fossil, named 'Apex', occurred at Sotheby's auction in July 2024 to billionaire Ken Griffin. Discovered by paleontologist Jason Cooper in Colorado, Apex is the oldest and best-preserved specimen of its kind, measuring over 11 feet tall and nearly 27 feet long with 250 bone elements. Keith Gill, AKA Roaring Kitty, Boosts GameStop Holdings to Over 9 Million Shares Amidst Meme Stock Frenzy
Broke On: Thursday, 13 June 2024Influential investor Roaring Kitty, aka Keith Gill, has boosted his GameStop holdings to over 9 million shares, selling or exercising call options. The surge in trading activity around GameStop caused disruptions at the annual shareholder meeting and a $2 billion equity sale. The meme stock trend gained traction during the pandemic with retail investors buying based on social media hype, but investing in individual stocks carries risk. 
Federal Reserve Surprises Market with Projected Single Rate Cut for 2024 Amid Improved Inflation Data
Broke On: Wednesday, 12 June 2024The Federal Reserve unexpectedly announced only one expected quarter-point rate cut for the rest of 2024 based on improved inflation data, leading to record highs for the S&P 500 and Nasdaq indices. The Fed's benchmark interest rate is projected to reach 5.1% this year, a shift from earlier predictions of three quarter-point cuts. 
Nvidia's Stock Split and Bullish Price Target Hikes: Analysts Anticipate Significant Sales Opportunities from Sovereign Nations in 2025
Broke On: Monday, 10 June 2024Nvidia, a leading accelerated computing company, began trading after a 10-for-1 stock split on June 10, 2024. Analysts from Barclays, Susquehanna Financial Group, and TD Cowen raised their price targets due to growing sales opportunities from sovereign nations buying Nvidia's AI chips for next year. These firms maintain positive outlooks on Nvidia's transition to B100 AI processors and view it as the leader in accelerated computing. 
Roaring Kitty's Upcoming Livestream Fuels GameStop Stock Surge: Five Million Shares and 120,000 Call Options
Broke On: Monday, 03 June 2024GameStop shares soared over 40% on Thursday, fueled by news that meme stock influencer Keith Gill, a.k.a 'Roaring Kitty,' would host a livestream event and hold up to 17 million shares after exercising call options. 
Roaring Kitty's GameStop Investment Sparks Significant Stock Surge
Broke On: Monday, 03 June 2024On June 3, 2024, GameStop stock surged due to investor Keith Gill's potential substantial investment of up to 5 million shares and call options worth $116 million. His buying initiated a 'short squeeze,' forcing short sellers to buy rapidly rising stock. Gill's online activity sparked renewed interest, causing gains for AMC Entertainment Holdings and Koss Corp. as well. Roaring Kitty's GameStop Investment: 5 Million Shares and $65 Million in Call Options Boost Stock Price
Broke On: Monday, 03 June 2024Reddit user Roaring Kitty's disclosure of a 5 million share stake in GameStop, worth over $115 million, triggers a 73% surge in the video game retailer's stock price. The investment comes amidst a broader trend of meme-stock mania driven by retail investor interest on social media platforms. 
Microsoft and Google's Q3 Earnings Surge: AI-Driven Revenue Jumps at Tech Giants
Broke On: Thursday, 25 April 2024Microsoft and Google reported significant profit increases in their latest earnings reports, driven by investments in Artificial Intelligence (AI) services. Microsoft saw a 17% revenue jump to nearly $62 billion, with profits boosted by customer adoption of AI across its cloud products. Google's parent company Alphabet also reported strong earnings, with revenue above $80 billion and CEO Sundar Pichai announcing that AI was already enhancing search results. Both tech giants plan to invest heavily in new data centers this year, but face challenges from regulatory scrutiny and high costs.
