Money Archives

Elon Musk: Bitcoin is on the verge of broad acceptance

February 1, 2021 5:59 am CNN Newsource

Tesla CEO Elon Musk has declared his support for bitcoin, boosting the price of the cryptocurrency in the process. In an interview Sunday on…

Silver surges as Reddit army targets precious metals

February 1, 2021 5:06 am CNN Newsource

Move over GameStop, Reddit mania is spreading to the precious metals market. Silver futures surged as much as 13% to Monday, touching five-month…

Global stocks rise as Wall Street braces for more turbulence

February 1, 2021 5:04 am CNN Newsource

Global stocks and US futures advanced Monday as Wall Street prepared for what could be another week of rocky trading fueled by small investors on…

Melvin Capital hedge fund lost 53% in the GameStop frenzy

February 1, 2021 5:02 am CNN

Melvin Capital, a premier Wall Street hedge fund entangled in the frenzy over GameStop, lost 53% in January, a source familiar with the matter told…

Fox News focuses its ire on Liz Cheney as Democrats fume over Marjorie Taylor Greene

February 1, 2021 4:57 am CNN Newsource

Congresswoman Marjorie Taylor Greene, a Trump-backed QAnon supporter, is a fountain of misinformation, conspiracy theories and hateful rhetoric, and…

Google CEO and HBCU leaders discuss talent pipeline for Black tech workers

February 1, 2021 4:55 am CNN Newsource

Leaders of five historically Black colleges and universities met with Google CEO Sundar Pichai on Friday to discuss the company’s relationship…

Tesla’s dirty little secret: Its net profit doesn’t come from selling cars

February 1, 2021 4:53 am CNN Newsource

Tesla posted its first full year of net income in 2020 — but not because of sales to its customers. Eleven states require automakers sell a…

Gamestop proves the death of the individual investor was greatly exaggerated

February 1, 2021 4:50 am CNN Newsource

Say what you will about the GameStop mania. It does illustrate one positive thing about today’s stock market: There are still some people…

Global stocks rise after turbulent week on Wall Street

January 31, 2021 9:29 pm CNN

Global stocks are rising Monday, and Wall Street is getting ready to try to shake off turbulence from last week sparked by the GameStop stock frenzy.…

US futures slump after turbulent week on Wall Street

January 31, 2021 7:26 pm CNN

US futures slumped slightly Sunday, building on the turbulence spurred in part last week by the GameStop stock frenzy. S&P 500 futures were last…

Dow futures drop after turbulent week on Wall Street

January 31, 2021 3:50 pm CNN Newsource

Stock futures dropped Sunday after a week that saw volatile markets due to the recent GameStop situation. Dow futures were down 252 points, or 0.8%.…

‘SNL’ takes on Marjorie Taylor Greene, GameStop and Tom Brady

January 31, 2021 12:03 pm CNN Newsource

“Saturday Night Live” returned for its first show of 2021, and had one question on its mind: “What still works?” That’s…

Toys ‘R’ Us has closed all its stores — again

January 31, 2021 8:01 am CNN Newsource

Toys “R” Us is closing its only two stores roughly a year after a highly anticipated relaunch of the storied brand. Tru Kids Inc., which…

A 10-year-old investor made big bucks on the GameStop shares he got for Kwanzaa

January 30, 2021 1:58 pm CNN Newsource

Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the 10-year-old investor has cashed…

Confused about this GameStop saga? Here are the 5 things you need to know

January 30, 2021 1:44 pm CNN Newsource

There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. If it all…

Here’s what really happens to the items you return online

January 30, 2021 7:34 am CNN Newsource

Let’s say you ordered…an air fryer. Online. You open up the box. For whatever reason, you don’t like it. So, you send it…

What’s new in fast food: Chicken sandwiches and cauliflower rice

January 30, 2021 6:10 am CNN Newsource

If you felt like a new fried chicken sandwich debuted every day in January, you’re not far off. Some chains tried their best to slim down,…

‘Giveaway?’ No, rip-off: Bend lottery winner’s name used by online scammers

January 29, 2021 5:56 pm Noah Chast

Last August, Shelly Arnold of Bend had what most people only dream of: a $1 million winning Powerball…

US stocks post their worst month since October as the GameStop frenzy rages

January 29, 2021 1:33 pm CNN

It has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after…

US stocks tumble, capping a messy week as the GameStop frenzy rages

January 29, 2021 1:29 pm CNN Newsource

It has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after…