Money Archives

Where does the GameStop mania end?

January 28, 2021 8:05 am CNN

From Wall Street to the White House, everyone is watching GameStop shares. What’s happening: Stock in the left-for-dead video game retailer…

Last year’s American economy shrank the most since 1946

January 28, 2021 7:39 am CNN Newsource

The US economy grew at an annualized and seasonally adjusted rate of 4% in the fourth quarter of 2020, just as economists had predicted, the Commerce…

Another 847,000 Americans filed for unemployment benefits in Joe Biden’s first week as president

January 28, 2021 7:33 am CNN Newsource

America’s unemployment crisis is now President Joe Biden’s problem, and jobless claims in his (partial) first week as president show how…

The Reddit forum that’s freaking out Wall Street briefly went dark, sparking yet another frenzy

January 28, 2021 7:26 am CNN

The Reddit message board that’s breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on…

GameStop’s stock is extremely volatile after Robinhood shuts down trades

January 28, 2021 7:00 am CNN

GameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on…

Europe has a vaccine shortage. So why is it fighting with AstraZeneca?

January 28, 2021 6:37 am CNN Newsource

The European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled…

GameStop continues to surge — now up 2,500% this year

January 28, 2021 5:40 am CNN Newsource

So much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to…

Chipotle is testing curbside pickup

January 28, 2021 5:37 am CNN Newsource

Chipotle is testing curbside pickup at 29 locations in California to give customers a way to get their tacos and burritos without having to go inside…

Toyota overtakes Volkswagen as world’s biggest automaker

January 28, 2021 5:34 am CNN Newsource

Toyota is back on top. The Japanese company has reclaimed its place as the world’s best-selling automaker, with its latest results showing an…

Steamy period drama ‘Bridgerton’ is Netflix’s ‘biggest series ever’

January 28, 2021 4:18 am CNN Newsource

Netflix has just claimed its biggest hit ever with “Bridgerton,” a drama set in Britain in the early 1800s. Some 82 million households…

Donald Trump’s final economic report card could be very underwhelming

January 28, 2021 4:03 am CNN

Economists are grading on a curve. That’s not a good thing if you’re former President Donald Trump. US gross domestic product, the…

Analysis: After building a radicalization engine, Mark Zuckerberg aims to ‘turn down the temperature’

January 28, 2021 4:00 am CNN Newsource

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Mark Zuckerberg built…

Elon Musk tweet fuels frenzied GameStop surge

January 28, 2021 3:43 am CNN

Amateur investors continued a frenzied runup of GameStop for the fourth session in a row, with the stock ending Tuesday up more than 92%, or about…

How Trumpism explains the GameStop stock surge

January 28, 2021 3:42 am CNN

At the core of Donald Trump’s angry populist appeal was — and is — this sentiment: The elites think they know better than you. They…

Everything you need to know about how a Reddit group blew up GameStop’s stock

January 28, 2021 3:40 am CNN Newsource

The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Everyone knows doom is…

Tesla disappoints Wall Street despite strong profits

January 27, 2021 5:05 pm CNN Newsource

Tesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The…

AMC is today’s GameStop. A Reddit mob sent its stock more than 200% higher

January 27, 2021 1:14 pm CNN Newsource

Welcome to the Reddit market. A group on Reddit’s Wall Street Bets board have been promoting a number of stocks, hoping to squeeze short…

Fed dismisses worries about inflation and pledges to keep rates low

January 27, 2021 1:08 pm CNN

The Federal Reserve left interest rates unchanged Wednesday and assured investors that there are no near-term plans to raise them. Interest rates are…

Fed warns of a slowing recovery, leaves rates unchanged

January 27, 2021 12:27 pm CNN Newsource

The Federal Reserve left interest rates unchanged Wednesday and again stressed it would use its “full range of tools” to support the US…

No, Joe Biden didn’t just ban fracking

January 27, 2021 12:18 pm CNN Newsource

President Joe Biden is cracking down on the oil-and-gas industry, but he is not taking the extreme steps the Trump campaign claimed he would last…