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Posts published in “Finance”
Meme stock trader Keith Gill, aka "Roaring Kitty," failed to rally investors around GameStop with his first livestream in three years on Friday as the stock slumped 40%. GameStop shares plummeted after the video game retailer unveiled a share sale to raise up to $3 billion. Gill, meanwhile, told nearly 600,000 viewers on his YouTube
Shares of American Airlines (AAL) are sinking after the company cut its second quarter sales outlook. Yahoo Finance's Pras Subramanian reports more on the story and breaks down what it could indicate about the airline sector as a whole. For more expert insight and the latest market action, click here to watch this full episode
(Bloomberg) -- Shares of Nvidia Corp., the chipmaker at the center of an artificial intelligence boom, surged on Thursday after a bullish sales forecast showed that AI computing spending remains strong. Most Read from Bloomberg Nvidia Stock Surges as Sales Forecast Delivers on AI Hopes Harvard Students Walk Out of Commencement Protesting Suspensions Citi Trader
DealBook | Revival of Meme Stock Mania Continues for GameStop and AMC https://www.nytimes.com/2024/05/14/business/dealbook/gamestop-amc-meme-stocks.html U.S. World Business Arts Lifestyle Opinion Audio Games Cooking Wirecutter The Athletic Advertisement SKIP ADVERTISEMENT A heady market rally extended to a second day after Keith Gill, the trader known as Roaring Kitty who rallied small investors to buy out-of-favor stocks in
As the Securities and Exchange Commission (SEC) mulls applications for spot Ethereum ETFs—with analysts expecting approval as soon as this week—amended filings from several asset managers have dropped their language around staking. Staking refers to the process through which users delegate Ethereum tokens to the network in exchange for rewards. It became a core component
By Lucia Mutikani WASHINGTON (Reuters) - U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market. Though the report from the National Association of Realtors on Wednesday showed inventory increasing last month to a 2-1/2-year high entry-level homes remained scarce
US stocks ticked upward Friday as the Dow Jones Industrial Average (^DJI) closed at 40,000 for the first time ever. The Dow rose 0.3% to score its record high. The S&P 500 (^GSPC) ticked up 0.1%, while the tech-heavy Nasdaq Composite (^IXIC) slipped 0.1%, but all the gauges notched weekly wins. Investor enthusiasm for interest
Walmart (WMT) wowed Wall Street yet again, causing the stock to jump as much as 7% in early trading Thursday. For its fiscal 2025 Q1, America's biggest retailer posted revenue of $161.51 billion, higher than the $159.58 billion expected, while adjusted earnings per share also came in higher at $0.60, compared with estimates of $0.53.
By Medha Singh and Laura Matthews (Reuters) -Shares of videogame retailer GameStop surged 70% on Monday after "Roaring Kitty", a former marketer at an insurance firm credited with sparking the 2021 meme stock rally, returned to X.com after a three-year hiatus from social media. GameStop's shares hit an 18-month high at $38.20 and were halted