Reddit group WallStreetBets behind massive GameStop, AMC run-ups goes private, invitation required

Rafael Henrique | SOPA Images | LightRocket via Getty Images “Wallstreetbets” Reddit chat room, where retail investors marshal against short sellers, went private on Wednesday evening, limiting access to outsiders. “You must be invited to visit this community,” the page now states. The forum’s members topped three million as of Wednesday. The community gathered an … Read more

Fourth quarter GDP to show businesses spent, but consumers held back

A worker wearing a protective face mask operates a forklift to move boxes of face shields ready for shipment at the Cartamundi-owned Hasbro manufacturing facility in East Longmeadow, Massachusetts, April 29, 2020. Adam Glanzman | Bloomberg | Getty Images The economy continued to chug along in the fourth quarter, boosted by a surge in business … Read more

Chamath Palihapitiya closes GameStop position, but defends investors’ right to sway stocks like pros

Billionaire tech investor Chamath Palihapitiya told CNBC Wednesday that he closed out his position in GameStop, one day after joining the trading frenzy around the videogame retailer. He also defended the power of individual investors to compete with Wall Street hedge funds. The CEO of Social Capital and former Facebook executive tweeted Tuesday that he … Read more

Markets will seesaw for months, Invesco’s $1.2 trillion asset manager warns

Invesco chief global market strategist Kristina Hooper sees a volatile dynamic between optimism and pessimism playing out on Wall Street. According to Hooper, it will contribute to seesaw market behavior for months. “We are going to see some pretty significant economic headwinds in the near term driven by Covid-19,” Hooper told CNBC’s “Trading Nation” on … Read more

Mania in stocks like GameStop, surging options activity suggest a market pullback is coming

A visitor in front of the Wall Street Bull, a bronze sculpture in the Financial District of Manhattan New York, May 19, 2020. Timothy A. Clary | AFP | Getty Images Speculative trading in some high momentum stocks and options could be signaling a near-term top, but the bull market is likely to run on … Read more

Stock futures rise ahead of the busiest week of earnings

U.S. stock index futures were modestly higher in overnight trading on Sunday, as Wall Street prepares for the busiest week of earnings, which will include reports from some of the largest tech companies. Futures contracts tied to the Dow Jones Industrial Average gained 56 points, indicating a 73-point jump at the open. S&P 500 futures … Read more

Apple and Tesla earnings, along with the Fed and GDP will drive markets in the week ahead

A Chinese customer walks by a large screen at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China. Kevin Frayer | Getty Images Stimulus euphoria may be waning, but investors will have plenty to focus on in the week ahead, as a blast of … Read more

Stocks making the biggest moves in the premarket: IBM, Sierra Wireless, Intuitive Surgical & more

Take a look at some of the biggest movers in the premarket: IBM (IBM) – IBM reported quarterly profit of $2.07 per share, beating the $1.79 a share consensus estimate. Revenue missed Wall Street forecasts, however, as software sales posted a decline as pandemic-induced uncertainty kept some customers from striking long-term deals. The shares dropped … Read more

Stock futures tick lower as markets look to end record-setting week

John Nacion | NurPhoto | Getty Images Contracts tied to the major U.S. stock indexes held around the flatline Thursday evening as Wall Street appeared headed to close out the record-setting week on a muted note. Dow futures lost 27 points while S&P 500 futures ticked slightly higher. Nasdaq-100 futures fell 5 points, or less … Read more

Stocks making the biggest moves after hours: IBM, Seagate, Ford & more

Pedestrians walk in front of the IBM building in New York. Scott Mlyn | CNBC Check out the companies making headlines after the bell: IBM — Shares of IBM fell more than 6% in the extended session after the company reported fourth-quarter sales below where analysts were expecting. Revenue fell 6% on an annualized basis, the … Read more