Meme stocks, SPAC craze and a $100 million deli: It was a wild year in the market

Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters An army of Reddit traders, triple-digit gains and a $100 million deli: In a wild year of trading, the unexpected became the norm in the stock market. This year’s activity coincided … Read more

Options trading activity hits record powered by retail investors, but most are playing a losing game

People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Stock options gained popularity on Main Street this … Read more

Dogecoin spikes over 20% after Elon Musk says Tesla will accept it as payment for merch

Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see how it goes,” the … Read more

Stocks head for a rare third-straight year of double-digit returns. What happens next?

Brokerage-house strategists canvassed by CNBC who have released a 2022 outlook see, as an average, the S&P 500 up less than 5% from Friday's record close. Source link

GameStop shares fall as video game retailer reports widening losses in third quarter

A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares fell more than 5% in extended trading on Wednesday, after the video game retailer reported that its losses widened in the fiscal … Read more

Stock futures are flat after S&P 500 and Nasdaq’s best day since March

Traders work on the floor of the New York Stock Exchange (NYSE), December 3, 2021. Brendan McDermid | Reuters U.S. stock futures were steady in overnight trading on Tuesday after stocks continued their upward climb from the omicron sell-off. Dow futures rose 20 points. S&P 500 futures gained 0.1% and Nasdaq 100 futures rose 0.12%. … Read more

Cramer’s week ahead: Stocks may be in for more punishment

CNBC’s Jim Cramer said on Friday that next week’s market events could offer signs of a late December rally after a highly volatile week that saw many smaller technology stocks slip during rising investor concern about the omicron Covid variant. “I think we may be in for more punishment because the valuations got so out … Read more

UK stockbroker AJ Bell takes on fintech rivals with commission-free investing app

Revolut allows users to buy a shares of U.S. companies through its trading platform. Revolut LONDON — Wall Street’s race to the bottom in stock brokerage fees is coming to the U.K. British online stockbroker AJ Bell said Monday it plans to launch a new app which offers commission-free investments in the first half of … Read more

Top GameStop executive steps down after less than a year on the job

A person walks past a GameStop in the Manhattan borough of New York City, New York, U.S., January 29, 2021. Carlo Allegri | Reuters One of the GameStop‘s newly hired top executives stepped down this week as the video game retailer continues its digital transition. Chief operating officer Jenna Owens has departed her role at … Read more

GameStop rallies all the way back from 10% post-earnings slide as retail investors come to rescue

A man looks at GameStop at 6th Avenue on February 25, 2021 in New York. John Smith | Corbis News | Getty Images GameStop staged a stunning intraday comeback from its post-earnings sell-off on Thursday as retail investors looked past the lack of clarity on turnaround plans and piled into the meme star. Shares of … Read more