Posts filtered by tags: Gamestop[x]


 

'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet

"The Big Short" investor Michael Burry. Getty Images/ Astrid Stawiarz Michael Burry predicted meme stocks and cryptocurrencies will plummet. "The Big Short" investor warned the "mother of all crashes" is coming. Burry pointed to excessive leverage as a major problem for crypto. See more stories on Insider's business page. Casual investors buying meme stocks and cryptocurrencies are signing up for devastating losses, Michael Burry warned on Thursday."All hype/speculation is doing is dra...
Tags: Trends, Tesla, Crypto, Gamestop, Michael Burry, Burry, MainStreet, Theron Mohamed, Michael Burry Getty, Astrid Stawiarz Michael Burry


Star Wars Goes New School and Old School, and More of the Best Toys of the Week

Welcome back to Toy Aisle, io9's regular round up of all things good and plastic. This week, another Into the Spider-Verse Spidey swings into action, Hasbro now deems ‘90s kids old enough to be retro-targeted with Star Wars packaging, and... how do you feel about building a Lego shoe? Check it out!Read more...
Tags: Science, Microsoft, Adidas, Lego, Sue, Hasbro, Lucasfilm, Action Figures, Gamestop, Spider Man, Hunter, Chris Pine, Reed, Ben, Luke, Johnny


US stocks close mixed with Nasdaq near record as investors weigh new Fed guidance

Deutsche Bank said retail investors have been key players in the stock market rally Johannes Eisele/Getty Images US stocks closed mixed Thursday, with the Nasdaq composite near a record high as investors weighed Fed guidance. The benchmark 10-year Treasury yield edged lower to 1.518% from Wednesday's 1.569%. Bitcoin edged lower, while gold and oil also tumbled. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US stocks closed mixed on Thursday as investors dige...
Tags: Elon Musk, US, Trends, Treasury, Deutsche Bank, Federal Reserve, Nasdaq, FOMC, Gamestop, Fed, Norris, Federal Open Market Committee, Mike Novogratz, AMC Entertainment, Fred Ehrsam, Aegon Asset Management


ETFs to turn to as Fed sets stock market up for rising interest rates; GameStop heads to IWF

Every week we highlight the most timely exchange-traded fund news, from new launches to inflows and performance.
Tags: Gamestop, Fed, IWF


GameStop is headed for inclusion in a large-cap stock index after its dizzying surge to record heights - but AMC will miss out with its spike coming after the deadline

John Minchillo/AP John Minchillo/AP GameStop could be listed alongside Amazon and Microsoft if included on the Russell 1000 Index. AMC missed the May 7 cutoff to reach a capitalization higher than $7.3 billion. The stocks have ballooned to the largest on the Russell 2000 Index thanks to retail traders. See more stories on Insider's business page. GameStop could be one of the newest stocks on a list of the 1,000 largest companies thanks to the army of retail traders that have pushed t...
Tags: Apple, Amazon, Microsoft, Nokia, Amc, US, Trends, Markets, Bloomberg, Reddit, Goldman Sachs, Gamestop, Russell, Apple Microsoft, John Minchillo, AMC Entertainment


The rise of meme stocks is leading to the creation of 'false markets,' CEO of the world's largest publicly listed hedge fund says

Man Group CEO Luke Ellis. Heidi Gutman/Getty Images The rise of so-called meme stocks is creating "false markets" and shares of companies loved by the Reddit crowd should be avoided, Luke Ellis, Man Group CEO, said. We "avoid trading the names that they're super excited about because they're mostly creating false markets," he told CNBC. In March, Man Group built a system to track popular discussions on Reddit. Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: Amc, Trends, Reddit, Cnbc, Gamestop, Ellis, AMC Entertainment, Man Group, Luke Ellis, Isabelle Lee, Luke Ellis Heidi Gutman Getty, CNBC In March Man Group, CNBC Meme, AMC In March Man Group


Meme-stock momentum has withered after retail traders drove a 3-week rally in AMC, BlackBerry, and other Reddit favorites

Igor Golovniov/SOPA Images/LightRocket via Getty Images Igor Golovniov/SOPA Images/LightRocket via Getty Images Meme stocks are losing steam after a three-week rally that mirrored the frenzy of activity seen earlier this year. Some of the most popular stocks have dropped 17% in the past week, Vanda Research said. "Retail investors will rush to the exit unless there's an immediate rally," the analysts said. See more stories on Insider's business page. Meme-stock momentum is fadin...
Tags: Nokia, Amc, Trends, Markets, Reddit, Federal Reserve, Gamestop, Meme, Vanda, Clean Energy Fuels, Matt Maley, Igor Golovniov, Miller Tabak Co, Retail Trading, AMC stock, BlackBerry stock


An artificial-intelligence powered ETF has smashed the S&P 500 in the last month - without any meme stocks

Getty Images A US equity ETF that uses AI in its investment decisions has outperformed the S&P 500 in 1-month returns. While AIEQ likes momentum names, meme stocks like AMC aren't among its holdings, DataTrek found. The ETF is beating the S&P 500 for the year, but needed a mid-course correction after falling back. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. An exchange-traded fund that uses artificial intelligence in identifying the most promising US equ...
Tags: Amc, US, Trends, Square, Ibm, Watson, Gamestop, AutoZone, NYSE Arca, AIEQ, Yeti Holdings, DataTrek, Sophie Kiderlin, Alphabet 10X Genomics Costar Group Tesla


'Big Short' investor Michael Burry is back on Twitter - and warning of the biggest market bubble in history

Michael Burry. Jim Spellman / Getty Images Michael Burry cautioned that markets are in a bubble of unprecedented scale. "The Big Short" investor tweeted his dire warning after a 10-week break from Twitter. Burry has flagged reckless speculation on Tesla stock, bitcoin, and other assets. See more stories on Insider's business page. Michael Burry warned of the biggest market bubble in history on Tuesday, suggesting his concerns about rampant speculation have only grown during his 10-week...
Tags: US, Trends, Tesla, Gamestop, Michael Burry, Cassandra, Burry, Theron Mohamed, Michael Burry Jim Spellman Getty, Twitter Burry


Meme mania pushed Gen Z into the stock market - and now they're learning investing fundamentals from TikTok and Instagram

Getty Images Getty Images 41% of Gen-Z investors use social media to educate themselves on investing, Fidelity said. People in Gen Z who are interested in investing often turn to TikTok and Instagram first before going to family and friends. Many Gen Z individuals were prompted by recent meme-stock mania to start learning about investing. See more stories on Insider's business page. Gen Z was "awakened" to investing amid the meme-stock mania this year, and now they're turning to ...
Tags: Facebook, Instagram, Trends, Social Media, Markets, Reddit, Fidelity, Gamestop, Gen Z, Gen Zs, Lannan, Getty Images Getty Images, Tiktok, Millennial Investing, Gen z investing, Natasha Dailey


GameStop withheld $36 million in stock from its outgoing CEO to cover taxes, filings show

A Seattle customer with the New Super Mario Bros. 2 game in a GameStop store in 2012. Stephen Brashear/Invision for Nintendo/AP Images GameStop withheld $36 million in shares from outgoing CEO George Sherman to cover taxes, an SEC filing shows. Sherman will be replaced by Amazon alum Matt Furlong. This story has been corrected from its original version. See more stories on Insider's business page. Editor's note: A previous version of this story incorrectly stated that Sherman rea...
Tags: Amazon, Amc, Trends, Markets, Reddit, SEC, Blackberry, Seattle, Sherman, Gamestop, Securities And Exchange Commission, AMC Entertainment, Clean Energy Fuels, New Super Mario Bros, George Sherman, Ryan Cohen


New meme stock Corsair Gaming jumps 33% amid surging interest from Reddit traders

Omar Marques/SOPA Images/LightRocket via Getty Images Corsair Gaming has soared to the top of Wall Street Bets' most mentioned stocks. Shares of the computer hardware company rose 33% on Monday to their highest since February. Data from MarketBeat show that 21.8% of Corsair's shares are sold short. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. A new meme stock is making the rounds on Wall Street Bets, surpassing mainstays such as GameStop and AMC Entert...
Tags: Amc, Trends, Reddit, Clean Energy, Corsair, Corsair Gaming, Gamestop, MarketBeat, AMC Entertainment, Omar Marques, Isabelle Lee, Getty Images Corsair Gaming, Quantitative Quiver Clean Energy Fuels, BlackBerry Clean Energy AMC, GameStop Data


The best deals on Xbox consoles, controllers, and games right now - including $20 off 'Halo: The Master Chief Collection'

If you buy through our links, we may earn money from affiliate partners. Learn more. Microsoft's latest Xbox consoles, the Xbox Series X and Xbox Series S. Microsoft Microsoft's newest consoles, the Xbox Series X and Xbox Series S, are still super popular and hard to find in stores. Though consoles are hard to find, you can often find discounts on accessories and games. Below, we've compiled the best deals on Xbox consoles, games, accessories, and subscriptions. Deals on Xbox...
Tags: Reviews, Apple, Gaming, Microsoft, Xbox One, Trends, Tech, Features, Tech Deals, Xbox, Gamestop, Blu Ray, Eric Ravenscraft, Microsoft Microsoft, Microsoft Store, Red Dead Redemption


GameStop's outgoing CEO just made $36 million cashing in 121,000 shares after the stock's dizzying rally

A Seattle customer with the New Super Mario Bros. 2 game in a GameStop store in 2012. Stephen Brashear/Invision for Nintendo/AP Images GameStop outgoing CEO George Sherman cashed in $36.7 million of company shares, an SEC filing shows. He sold the shares at the stock's four-month high closing price of $302.56. Sherman will be replaced by Amazon alum Matt Furlong. See more stories on Insider's business page. GameStop's outgoing Chief Executive Officer George Sherman took home ...
Tags: Amazon, Amc, Trends, Markets, Reddit, SEC, Blackberry, Seattle, Sherman, Gamestop, Securities And Exchange Commission, AMC Entertainment, Clean Energy Fuels, New Super Mario Bros, George Sherman, Ryan Cohen


Mapping out all the recent key Credit Suisse departures

"Bitcoin Bull" by Trevor Jones. Trevor Jones Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:We've got a running list of all the recent departures at Credit Suisse, from executives to top traders.Maplelane, one the hedge funds impacted by the GameStop trading frenzy, took a dip in May. Buy now, pay later is one of the hottest trends in payments, but banks are looking to compete with the fintechs by offering merchants an...
Tags: US, Trends, Credit Suisse, Reddit, Ubs, Miami, Accenture, Morgan Stanley, Latin America, SoFi, Gamestop, Blackrock, Citi Ventures, Klarna, Reuters, Credit Suisse JP Morgan


A hedge fund lost 10% in just a few days after a sudden spike in AMC stock derailed an options trade, new report says

Gary Hershorn/Getty Images Hedge fund Mudrick Capital lost 10% in just a few days amid a recent surge in AMC Entertainment's stock price, the Wall Street Journal reported. The fund announced earlier this month that it purchased millions of AMC shares and sold them at a profit shortly after. The fund is still up 12% year-to-date, while shares of AMC are up more than 2,000%. See more stories on Insider's business page. Hedge fund Mudrick Capital lost 10% in just a few days of tradi...
Tags: Amc, Trends, Markets, Bloomberg, Reddit, Goldman Sachs, Wall Street Journal, Journal, WSJ, Hedge Funds, Gamestop, Short Sellers, Short Selling, Options, Short Squeeze, AMC Entertainment


The best deals on PlayStation consoles, controllers, and games right now - including $66 off 'Red Dead Redemption 2' for PS Plus members

If you buy through our links, we may earn money from affiliate partners. Learn more. Sony's DualSense controller launched alongside the PlayStation 5. Matt Monath Photography for Business Insider Sony's PlayStation consoles are a dominant force in gaming. Though PS5 and PS4 systems remain hard to find, deals on games and accessories are common. Right now, "Red Dead Redemption 2: Ultimate Edition" is only $34 for PS Plus members - that's a $64 discount. Table of Contents: Mas...
Tags: Reviews, Deals, Gaming, Microsoft, Trends, Tech, Features, Tech Deals, Playstation, Sony, Playstation 4, Ps4, Playstation Network, Gamestop, Eric Ravenscraft, Red Dead Redemption


2 of the biggest hedge fund victims of GameStop's short-squeeze suffered more losses in May, report says

Noam Galai/SOPA Images/Getty Melvin Capital and Light Street Capital's funds suffered further losses in May, the FT reported. Hedge funds lost about $6 billion since the start of May over betting against meme-stocks. The latest decline takes Melvin's overall losses to 44.7% so far this year. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. US hedge funds Melvin Capital and Light Street Capital, two short sellers hurt by the GameStop day-trader rebellion ea...
Tags: New York, Amc, US, Trends, Palo Alto, Reddit, Financial Times, Gamestop, Melvin, Julian Robertson, Melvin Capital, Noam Galai, Glen Kacher, Light Street Capital, Ortex Analytics, Shalini Nagarajan


Meme stocks are transforming the market thanks to Reddit traders. Here's what it means to be a meme stock - and why they're viewed as a whole new asset class.

SOPA Images / Getty SOPA Images / Getty Meme stocks are becoming harder to define as more and more are added to the basket. But a few things are true: they have a big social media following and opportunity for price movement. Meme stocks are a form of "social uprising," said one market strategist. See more stories on Insider's business page. Ever since retail traders drove a record rally in shares of GameStop earlier this year, a new term has emerged on Wall Street.Meme stocks.The ter...
Tags: New York, Amc, Trends, Markets, Barclays, Reddit, Ohio, Blackberry, Gamestop, Clover, Beyond Meat, Chamath Palihapitiya, Meme, Wendy's, Invesco, Wendy


A Danish biotech stock surged 1,387% during US trading hours for no apparent reason amid chatter that it's getting the meme-stock treatment

Peter Dazeley/Getty Images Peter Dazeley/Getty Images Orphazyme, a Copenhagen, Denmark-based biotech company, surged 1,387% in US trading Thursday. The small biotech firm said it wasn't aware of any material changes to the company. Orphazyme was the eighth most-mentioned stock on Reddit's Wall Street Bets Thursday. See more stories on Insider's business page. Shares of a small Denmark biotechnology company surged as much as 1,387% in US trading hours Thursday as chatter about ...
Tags: Amc, US, Trends, Markets, Bloomberg, Reddit, Denmark, Copenhagen, Hedge Funds, Gamestop, Copenhagen Denmark, AMC Entertainment, Nordnet, American Depository Shares, Orphazyme, Peter Dazeley Getty


S&P 500 hits record high as traders sidestep hotter-than-expected-inflation reading

Mario Tama/Getty Images US stocks advanced Thursday, pushing the S&P 500 to a record high. Investors pushed past a hotter-than-expected May inflation print of 5%. Stocks also found support as fewer Americans filed for jobless claims last week. See more stories on Insider's business page. The S&P 500 climbed to a record high Thursday in a winning session for US stocks as investors appeared to embrace the Federal Reserve's signals that hot inflation readings will be temporary and ...
Tags: US, Trends, Markets, Economy, Bitcoin, Inflation, Stocks, US Treasury, West Texas Intermediate, Federal Reserve, Nasdaq, S&P 500, Dow Jones Industrial Average, Gamestop, Securities And Exchange Commission, Fed


GameStop plunges 27% as company says it plans to sell up to 5 million shares and discloses SEC request for information on trading activity

Nick Zieminski/Reuters GameStop dropped 27% on Thursday on the company's plans to sell additional shares and as the SEC looks into trading activity of its stock. The video-game retailer, whose shares are part of a meme-stocks rally, said it will cooperate with the SEC's inquiry. The company could sell up to 5 million shares. See more stories on Insider's business page. GameStop sank by nearly 30% on Thursday after the video game retailer said it may sell millions of shares a...
Tags: Trends, Markets, SEC, Gamestop, Securities And Exchange Commission, FactSet, SEC Investigation, Carla Mozee, AMC Entertainment, Gamestop stock price, GME stock price, WallStreetBets, Meme stocks, MI Exclusive, Q1 Earnings, GameStop SEC


GameStop tumbles 22% as company says it plans to sell up to 5 million shares and discloses SEC request for information on trading activity

Nick Zieminski/Reuters GameStop dropped 22% on Thursday on the company's plans to sell additional shares and as the SEC looks into trading activity of its stock. The video-game retailer, whose shares are part of a meme-stocks rally, said it will cooperate with the SEC's inquiry. The company could sell up to 5 million shares. See more stories on Insider's business page. GameStop slumped more than 20% Thursday after the video game retailer said it plans to potentially sell mil...
Tags: Trends, Markets, SEC, Gamestop, Securities And Exchange Commission, FactSet, SEC Investigation, Carla Mozee, AMC Entertainment, Gamestop stock price, GME stock price, WallStreetBets, Meme stocks, MI Exclusive, Q1 Earnings, GameStop SEC


How AMC and GameStop became Reddit faves

You've probably heard of the FAANG stocks: Facebook, Amazon, Apple, Netflix and Google owner Alphabet. But it's the BANG stocks of Reddit WallStreetBets meme fame that are now taking the investing world by storm.
Tags: Google, Amc, Cnn, Reddit, Gamestop, Facebook Amazon Apple Netflix


GameStop stock falls sharply amid 5M-share sales plan, SEC investigation

Retailer names Amazon vets to executive team amid e-commerce turnaround plans.
Tags: Amazon, SEC, Gamestop


From a mining company to a mortgage REIT, day traders have been flocking to new meme stocks all week and driving more eye-popping gains

A Reddit logo is seen displayed on a smartphone. Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images Retail traders are flocking to new meme stocks. Among the names are Cleveland Cliffs, Clean Energy Fuels, ContextLogic, and Invesco Mortgage. The new names have a lower short interest rate than Reddit favorites AMC and GameStop. See more stories on Insider's business page. Retail traders have been flocking to a horde of new meme stocks this week - from a mining company to a fas...
Tags: Amc, Trends, Markets, Reddit, Nebraska, Ohio, Gamestop, Clover Health, Restoration Hardware, Wendy's, Invesco, Wendy, MarketBeat, Pontiac Michigan, Newport Beach California, CLF


Despite a soaring stock price, GameStop is still facing major issues - and the company's new leadership won't say how it plans to fix the ailing video game retailer

A man walks in front of a GameStop store in the Jackson Heights neighborhood of New York City in January, 2021. Nick Zieminski/Reuters GameStop's stock value remains absurdly high as retail investors hold their positions. That stock value is completely disconnected from the business of GameStop. The ailing game retailer is in the middle of a "transformation," but new leadership isn't talking plans. Visit the Business section of Insider for more stories. Forget about the absurdly hi...
Tags: Amazon, Gaming, Video Games, Entertainment, New York City, Trends, Retail, SEC, Gamestop, Cohen, Sam Goody, Tower Records, Chewy, Ben Gilbert, Jackson Heights, Tech Insider


GameStop's new leadership won't say how it plans to fix the company

"We know some people want us to lay out a whole detailed plan today, but that's not going to happen," GameStop chairman Ryan Cohen told...
Tags: Gamestop, Ryan Cohen


The SEC is reviewing changes to share trading after an explosion of interest in meme stocks, including the use of payment for order flow

SEC Chairman Gary Gensler. Evan Vucci/Associated Press The SEC will review a host of rules related to the equity market structure, Gary Gensler said. That includes the compensation Wall Street brokers receive for executing stock trades. Shares in high-speed trader Virtu Financial fell 7.7% after the SEC chairman's speech. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The Securities and Exchange Commission is looking at changing rules around share trading aft...
Tags: New York, Amc, US, Trends, Reddit, SEC, Robinhood, Gamestop, Securities And Exchange Commission, Gensler, Citadel, Gary Gensler, Piper Sandler, Shalini Nagarajan, Gary Gensler Evan Vucci, Virtu Financial and Citadel


Finance professor Aswath Damodaran warns investors not to get cocky, dismisses bitcoin as a currency or store of value, and blasts the Fed in a new interview. Here are the 11 best quotes.

Aswath Damodaran. RealVision Aswath Damodaran worries investors have grown complacent and might get burned. The NYU Stern finance professor said bitcoin fails as both a currency and a store of value. The Federal Reserve has become too cocky and transparent, Damodaran said. See more stories on Insider's business page. Finance professor Aswath Damodaran warned investors not to get complacent, weighed in on Tesla's prospects, and argued that bitcoin fails as both a currency and a stor...
Tags: Elon Musk, Finance, Trends, Exxon Mobil, Tesla, Warren Buffett, Federal Reserve, Gamestop, Fed, The Fed, SPAC, Shaquille O Neal, NYU Stern School of Business, Facebooks, Aswath Damodaran, Theron Mohamed