Traders work at the GameStop trading floor on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 12, 2024. Brendan McDermid | Reuters GameStop’s The annual shareholder meeting was interrupted by computer problems on Thursday after servers crashed under the overwhelming interest in the stream, a customer service representative … Read more
Here are the top five things investors need to know to start day trading: 1. Climbing The Fed held off, an economic report was cooler than expected, and for the most part, markets rallied. Investors were upbeat after the Federal Reserve said it had made “modest further progress” toward its 2% inflation target, despite no … Read more
It’s time to start thinking about the winners of the next chapter of the artificial intelligence movement. It cannot be denied that the titan of technology Nvidia (NVDA 2.75%) has been the preferred way for many investors to get in on the artificial intelligence (AI) craze over the past 18 months. And rightfully so. Its … Read more
Initial jobless claims jumped to their highest level since last summer, while core producer prices were unchanged, increasing the chances of a Federal Reserve rate cut in September. The S&P 500 fell in Thursday morning stock market action. X While the Fed’s new forecasts on Wednesday signaled the likelihood of a single rate cut this … Read more
Keith Gill, the meme stock trend setter known as Roaring Kitty, may have sold his recently disclosed options at GameStop amid a surge in trading, market experts speculated. Gill — who made a surprise return to social media last month after not posting anything online for years — had revealed a sizable GameStop stock and … Read more
Private markets are booming thanks to the popularity of alternatives among wealthy retail investors and ‘higher for longer’ interest rates. Once feared, buyout firms such as KKR, Apollo and Blackstone have gone mainstream as they have climbed higher in the Global 2000. from Sergei KlebnikovForbes Staff TThese are boom times for the world’s biggest buyout … Read more
With JPMorgan at the top of the list, the United States has extended its lead as the home of the world’s largest companies according to the annual Forbes Global 2000 ranking. Strong US markets are to be commended. from Hank TuckerForbes Staff WAs Americans continue to grapple with high grocery prices and the highest mortgage … Read more
U.S. stocks traded mixed on Thursday, with the S&P 500 holding close to its record high as investors weighed the dual pull of cooling inflation and a Federal Reserve retreat on interest rate cuts. The S&P 500 (^GSPC) fell below the flat line as the benchmark hit 5,400 to close at a new all-time high. … Read more
GameStop dived late Wednesday with heavy volume on call options owned by ‘Roaring Kitty’ Stock chart iconStock chart icon GameStop Roaring Kitty, AKA Keith Gill, owned 120,000 of those calls, according to a photo he shared Monday night. It’s unclear if it was really Roaring Kitty behind the huge volume, but options traders said he … Read more
MDMA or ecstasy is under consideration for FDA approval to treat PTSD, but the future is uncertain. MirageC/Getty Images/Moment RF hide title change the subtitles MirageC/Getty Images/Moment RF The psychedelic drug MDMA is nearing the end of a decades-long effort to enter mainstream medicine, but instead of celebrating, supporters now find themselves wondering if the … Read more