NEW YORK (AP) – GameStop shares fell by half in afternoon trading Tuesday, cleaving off more of the stock’s recent blockbuster gains following a social-media led campaign to get it to skyrocket at the expense of big Wall Street funds. Shares were down 50.6% to about $110 apiece as of 1:30 p.m. Eastern, following a […]

NEW YORK (AP) — Uber is bringing the booze. The mobile ride-hailing company said Tuesday that it is acquiring the alcohol-delivery platform Drizly for $1.1 billion in stock and cash. Uber expects more than 90% of the consideration to be paid to Drizly stockholders in shares of Uber common stock and the remainder paid in […]

WASHINGTON (AP) — The drama surrounding the trading in shares of GameStop, AMC Entertainment, Blackberry and other beaten-down companies has suddenly thrust Wall Street near the top of a crowded list of issues that President Joe Biden’s regulatory team needs to tackle early in its term. A number of wealthy institutions on Wall Street bet […]

It’s a fable for our times: Small-time investors band together to take down greedy Wall Street hedge funds using the stock of a troubled video-game store. But the revolt of online stock-traders suggests much more. The internet is shifting society’s balance of power in unanticipated ways. And the same tools that empower the little guy […]

WASHINGTON (AP) — They’ve endured a financial crisis. Two deep recessions. Mounds of student debt. Stagnant pay. Costly health care. Dim job prospects. They’ve seen the uber-rich grow richer while a pandemic threw tens of millions of people out of work and left many more isolated and vulnerable at home. Now, they feel, it’s payback […]

SAN ANTONIO (AP) — A 10-year-old San Antonio boy made a killing by selling GameStop stock he was gifted more than a year ago. Jaydyn Carr’s mother, Nina, spent $60 for 10 shares of the video game chain’s stock in December of 2019 that she gave him for Kwanzaa to reflect Ujamaa, one of the […]

NEW YORK (AP) — GameStop’s stock is back to the races Friday, and the overall U.S. market is down again, as the saga that’s captivated and confused Wall Street ramps up the drama. GameStop shot up more than 70% in midday trading, clawing back most of its steep loss from the day before, after Robinhood […]

NEW YORK(JTA) – Even if you never pay attention to stock market news, you have probably gotten the sense that something unusual is happening right now, and it has to do with something called GameStop. The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock […]

SAN RAMON, Calif. (AP) — Apple CEO Tim Cook lambasted social media companies, though without naming them, accusing them of prioritizing user attention and data collection at the cost of allowing and even rewarding dangerous conspiracies, extremism and polarization. “Too may are still asking the question ‘how much can we get away with?’ when we […]

NEW YORK (AP) — The online trading platform Robinhood is moving to restrict trading in GameStop and other stocks that have soared recently due to rabid buying by smaller investors. GameStop stock has rocketed from below $20 earlier this month to more than $400 Thursday as a volunteer army of investors on social media challenged […]