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In duel with small investors over GameStop, big funds blink

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%.

The funds serving the financial elite are starting to walk away in defeat. Big bets they made that GameStop's stock would fall went wrong, leaving them facing billions of dollars in collective losses. All the wild action pushed GameStop's stock as high as $380 on Wednesday, up from $18 just a few weeks ago.

The stunning seizure of power gives some validation to smaller-pocketed investors, many of whom are encouraging each other on Reddit and are trading stocks for the first time thanks to brokerages offering free-trading apps. It's also left more investors on Wall Street asking if the stock market is in a dangerous bubble about to pop, as AMC Entertainment, Bed Bath & Beyond and other downtrodden stocks suddenly soar as well. The S&P 500 set a record high earlier this week, though it fell Wednesday.

Two investment firms that had placed bets for money-losing GameStop's stock to fall have essentially thrown in the towel. One, Citron Research, acknowledged Wednesday in a…

Blink brings London to Williamsburg with new Katie Loxton ...

The door is open at Blink in Merchants Square, and it’s worth the climb to take the stairs up to the region’s premier boutique shopping spot.

While stepping inside has always been a delight – and full of surprises to tempt your imagination for interior design and unique gifts – the recent addition of a shop-in-shop whisks customers away to London without ever leaving Williamsburg.

The first-ever United States-based Katie Loxton shop-in-shop is inside Blink, owned by sisters Vicki Bristow and Deanne David.

“We expanded to the U.S. four years ago, and Blink was actually one of the first shops we started doing business with when we met them at our first trade show in New York,” said Harry Loxton, vice president of Katie Loxton, Ltd. “They’ve been a great, great partner for us for the last four years. They do a great job in showing the depth that Katie Loxton offers, so we thought it would be a great opportunity to develop the shop-in-shop here in Williamsburg.”

The Katie Loxton label offers fashion and lifestyle accessories that include handbags, jewelry, stationary, candles, scarves and fragrances.

The spacious shop-in-shop inside Blink is a world onto itself that invites…

Blinken says US has 'deep concern' about Navalny safety ...

© Getty Images Blinken says US has 'deep concern' about Navalny safety

Secretary of State Antony Blinken said Wednesday that the U.S. has "deep concern" about Russia's treatment of opposition leader Alexei Navalny.

He also said the U.S. is not ruling anything out in response to Russian aggression, though he signaled action would not be taken until after intelligence reviews of Moscow's activities are completed.

"We have a deep concern for Mr. Navalny's safety and security and the larger point is that his voice is the voice of many, many, many Russians and it should be heard, not muzzled," Blinken told reporters at a press briefing Wednesday afternoon on his first full day as secretary of State.

Blinken noted that President Biden has ordered intelligence assessments of the Navalny poisoning, the SolarWinds hack, reports of Russian bounties on U.S. service members in Afghanistan and Russia's election interference.

Video: Merkel sees more scope for political agreement with Biden (Reuters - US Video Online)

Merkel sees more scope for political agreement with Biden

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Asked if the U.S. would rule anything out if harm comes to Navalny or the demonstrators who have been jailed after protesting his imprisonment…