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On Wednesday, Redditors on the forum discussed the upcoming exit of GameStop's CFO Jim Bell.

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That day the stock began a downward spiral. The declines continued as restrictions were eased in the days that followed

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Other recently shorted stocks which saw double digit percentage gains today include Koss Corporation (KOSS) , Express (EXPR), and AMC Entertainment (AMC).

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The average online savings account yield in February hit a new low of 0.49%

Americans socked away an unprecedented amount in bank accounts last year, but what they have actually earned on those funds is hitting all-time lows.

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“The personal savings rate went way up, people put more money in the bank, [and] so banks are flush with deposits,”

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“That put downward pressure on rates. We may see more tiny declines this year, but they’re bottoming out.”

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Thanks to huge government transfers last year like stimulus checks and extra unemployment benefits coupled with a major pullback in spending, Americans’ savings jumped during the pandemic.

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More stimulus checks are probably coming out

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Over the past few years, Goldman Sach’s Marcus, Betterment, and Wealthfront, among other fintech companies, offered savings rates that neared 3% to lure younger customers from traditional brick-and-mortar banks, which provided paltry savings rates returns.

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Loan period: 60-90 days

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