Investors will be keeping a close eye on Friday’s August jobs report for further clues about interest rates. Economists are predicting that 300,000 jobs were added last month.
After a wild several weeks for GameStop, the retailer’s chief financial officer is resigning. The company announced Tuesday that Jim Bell, its executive vice president and CFO, will resign from his roles on March 26. GameStop has started searching for a new CFO “with the capabilities and qualifications to help accelerate GameStop’s transformation,” it said, […]
Robinhood, the stock trading app that helped fuel GameStop mania and ended up in a PR crisis, is running a Super Bowl ad. The 30-second spot, which will make its TV debut during Sunday’s game, highlights the company’s branding push that it is “opening America’s financial system to everyone.” The commercial features everyday people living their lives and […]
GameStop traders sent the stock on a wild ride Thursday. The stock plunged more than 40% Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? Robinhood said it was restricting trading in the red hot stock as well as several others. “We continuously monitor the markets and make changes where necessary. […]
(CNN) — Bumble is swiping right on Wall Street. The female-focused dating app is planning for an initial public offering as early as the first quarter of 2021, according to a Bloomberg report citing people with knowledge of the matter. The report said Bumble is working with Goldman Sachs and Citigroup on the planned listing, and is also being […]
(CNN) — US stocks surged Monday after Pfizer said its Covid-19 vaccine is 90% effective and Joe Biden was projected to be the winner of the presidential election over the weekend. The Dow climbed as many as 1,610 points before paring some of its gains. The index was up 1,170 points, or 4.1%, at midday. […]
Stocks were mixed on Friday as investors still wait for a winner to be declared in the US presidential election. But Wall Street rebounded from earlier premarket lows after the jobs report showed the economy continues to recover from the worst of the coronavirus pandemic. The Dow fell about 60 points, or 0.2% in mid-afternoon trading. The S&P 500 and the Nasdaq were up […]
US stock futures went on a rollercoaster ride during after-hours trading Tuesday as election night results trickled in. Dow futures were last up 181 points, or 0.66%, around 10:15 p.m. ET after swinging between gains and losses earlier in the evening. S&P 500 futures were up nearly 1.4%. Nasdaq futures surged more than 3%. Uncertainty […]
