Stories 1 - 20 |  Next >>

Nvidia Lifts S&P 500 to Small Gain
GameStop Soars 21.4%

GameStop Soars 21.4%

Nvidia lifts S&P 500 to small gain

(Newser) - Stocks ended mixed on Wall Street Monday following the latest signal showing the US economy is slowing.
  • The S&P 500 edged up by 5.89 points, or 0.1%, to 5,283.40, even though the majority of stocks within the index fell.
  • The Dow Jones Industrial Average dropped

'Meme-Stock Folk Hero' Is Rattling Markets Again

GameStop is up nearly 90% in premarket trading on speculation Keith Gill took a huge position

(Newser) - A man described as a "meme-stock folk hero" by the Wall Street Journal appears to be jolting the markets in a big way again. Shares of meme stock GameStop were soaring before the open of Monday's market on speculation that Keith Gill—aka "Roaring Kitty" on social...

Meme Stocks Surge for a Second Day
Meme Stocks Surge
for a Second Day

Meme Stocks Surge for a Second Day

Nasdaq hits all-time high

(Newser) - Stocks ended higher on Wall Street Tuesday, sending the Nasdaq composite to another record.
  • The S&P 500 rose 25.26 points, or 0.5%, to 5,246.68. , and is sitting just shy of its own all-time high.
  • The Dow Jones Industrial Average rose 126.60 points, or 0.

Wall Street Hovers Near Record Highs
GameStop Leaps 74.4%

GameStop Leaps 74.4%

Biopharma firm Incyte was another winner

(Newser) - US stocks drifted to a mixed close near their record heights Monday.
  • The S&P 500 fell 1.26 points, or less than 0.1%, to 5,221.42, less than 1% below its record set at the end of March.
  • The Dow Jones Industrial Average fell 81.33 points,

Man at Center of Stock Craze Resurfaces

'Meme stocks' including GameStop surged after Roaring Kitty appeared online

(Newser) - The man at the center of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of those quirky and volatile stocks sharply higher Monday. Keith Gill, better known as "Roaring Kitty," posted an image Sunday of a man sitting forward...

GameStop Manager Fatally Shoots Alleged Shoplifter

Derrick Guerrero charged with manslaughter in Florida incident

(Newser) - A Florida GameStop manager has been charged with manslaughter after, police say, he fatally shot an alleged shoplifter at the Pembroke Pines store. Police say an adult male came into the store Tuesday night and was there for about an hour before asking the manager to use a ladder to...

20-Year-Old Makes $110M on Bed Bath & Beyond Stock
20-Year-Old Makes $110M
on Bed Bath & Beyond Stock
in case you missed it

20-Year-Old Makes $110M on Bed Bath & Beyond Stock

Jake Freeman is a student at USC

(Newser) - A 20-year-old USC student did a little stock trading over the summer—and banked about $110 million for his trouble. Filings with the Securities and Exchange Commission reveal that Jake Freeman made the mind-boggling profit solely from his purchase and subsequent sale of Bed Bath & Beyond stock, reports MarketWatch...

As Stock Surges, AMC Offers Investors Free Popcorn
AMC Embraces 'Meme Stock'
Status—With Free Popcorn

AMC Embraces 'Meme Stock' Status—With Free Popcorn

'Investor Connect' program offers them free popcorn

(Newser) - Four months after GameStop's wild ride rocked Wall Street , so-called "meme stocks" are making waves again—especially AMC Entertainment. The movie theater company's share price almost doubled Wednesday, closing at a record high for the first time since 2015, and it is up 417.8% since May...

Tech Stocks Take a Beating on Wall Street
GameStop Just Lost
a Third of Its Value

GameStop Just Lost a Third of Its Value

Tech stocks took a beating Wednesday

(Newser) - Stocks gave up an early gain and wound up broadly lower on Wall Street, led by declines in tech heavyweights like Facebook and Apple. The S&P 500 gave up 0.5% Wednesday, its second loss in a row, while the tech-heavy Nasdaq dropped 2%. Bond yields mostly fell after...

Redditors Who Bought GameStop Pick Next Investment

It's gorillas, for a reason

(Newser) - The WallStreetBets Reddit group has landed on its next investment: gorillas. Yes, really. The redditors who sent shares of GameStop (GME) soaring in January go by the nickname "apes," and on Saturday, one of those apes posted the following: "Adopted a gorilla." He did so in...

GameStop's Roller Coaster Ride Has Started Again

Retailer's stock price suddenly doubled Wednesday

(Newser) - After frenzied trading last month brought GameStop shares from as low as $17 to as high as $483, it eventually stabilized in the $40 to $50 range—until Wednesday, when huge swings resumed. The retailer's share price more than doubled in a sudden burst of trading Wednesday afternoon and...

GameStop Shares Just Collapsed 60%
GameStop, AMC Shares Plunge

GameStop, AMC Shares Plunge

Broader market rose, with Dow up 475 points

(Newser) - Stocks closed broadly higher on Wall Street Tuesday, adding to the market’s gains from a day earlier with solid contributions from Big Tech companies, banks, and other sectors. GameStop plunged 60% in the latest wild swing for the stock and several others that have become caught up in a...

Hollywood Couldn't Wait on GameStop. Neither Could Netflix

Both streaming platform, MGM are said to be working on movies about Wall Street saga

(Newser) - GameStop: the Musical? Not quite (or at least, not yet), but there are now two movies said to be in the works. Late last week, MGM scooped up the rights to a book proposal about what Deadline calls "one of the craziest weeks in Wall Street history." That...

With Restrictions in Place, GameStop Sinks 30%
With Trading Limited,
GameStop Drops Sharply

With Trading Limited, GameStop Drops Sharply

Wall Street recovers from last week's losses

(Newser) - Stocks closed higher on Wall Street Monday, recovering some of the ground they lost last week in their biggest weekly drop since October. Investors large and small continued to focus on GameStop and other stocks targeted by online traders hoping to inflict damage on hedge funds, the AP reports. The...

Price of Silver Surges as Rebel Traders Zero In

Reddit forum helps send prices higher, as with GameStop

(Newser) - The same group of traders who sent prices of GameStop soaring last week is now pulling a similar move with silver, reports CNN . Silver futures rose 11% Monday to about $30 an ounce, which the AP reports is an eight-year high. Meanwhile, the phrase "#silversqueeze" was trending, a reference...

Musk to Robinhood CEO: 'Anyone Holding You Hostage?'

Tesla CEO grills Vladimir Tenev on how and why GameStop trading was halted last week

(Newser) - With trading app Robinhood now in the spotlight after it temporarily halted trading last week amid the GameStop hubbub , Elon Musk decided to get some answers straight from the source. Late Sunday , the Tesla and SpaceX CEO, who'd already started instigating on the topic last week, spoke to Robinhood...

Meet the Man Behind the GameStop Frenzy
Meet the Man Behind
the GameStop Frenzy

Meet the Man Behind the GameStop Frenzy

Keith Gill had aspired to be a professional runner

(Newser) - Before becoming “the internet’s most disruptive trader,” the Wall Street Journal reports, Keith Gill was an accomplished college athlete who set his sights on becoming a professional runner. “When he puts his mind to something, he can be very focused,” his mother, Elaine Gill, tells...

'SNL' Takes Aim at Marjorie Taylor Greene
SNL Mocks QAnon

SNL Mocks QAnon Congresswoman

Marjorie Taylor Greene got the Saturday Night Live treatment

(Newser) - Congresswoman Marjorie Taylor Greene got the Saturday Night Live treatment in the show's first cold open of 2021. The newly elected Georgia Republican, whose support of fringe conspiracies has placed her among the most controversial members of the new Congress, was played by Cecily Strong and saw her on...

GameStop Frenzy Pays Off for 10-Year-Old

He got shares for $60, sold them for $3,200

(Newser) - A 10-year-old San Antonio boy made a killing by selling GameStop stock he was gifted more than a year ago, the AP reports. Jaydyn Carr's mother, Nina, spent $60 for 10 shares of the video game chain's stock in December of 2019 that she gave him for Kwanzaa...

GameStop Soars, but Rest of Wall Street Is Slammed

Dow falls more than 600 points

(Newser) - GameStop’s stock was back to the races Friday, but worries were growing about how much damage the frenzy over a handful of companies by Main Street investors will do to Wall Street overall, per the AP . The Dow fell 622 points, or 2%, to 29,982; the S&P...

Stories 1 - 20 |  Next >>