Business

GameStop gains as traders await quarterly report

GameStop’s (GME.N) stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares.

Payments startup Marqeta valued at over $17 bln in Nasdaq debut

Shares of Marqeta Inc (MQ.O), which provides payments services to customers including Uber Technologies Inc (UBER.N) and DoorDashInc, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization of over $17.2 billion.

Morgan Stanley appoints E*Trade leaders to top wealth division jobs

Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm’s wealth management division, according to a memo seen by Reuters.

U.S. Fed’s reverse repo volume surges to record half a trillion dollars

The Federal Reserve’s reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions flush with liquidity flocked to the Fed facility to park their cash and secure Treasury collateral.

Pandemic seen driving southeastern Europe warehouse boom

Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.

GameStop gains as traders await quarterly report

GameStop’s (GME.N) stock jumped 7% on Wednesday before the company was due to release its quarterly results, which a cult following of individual investors will scrutinize for progress in the videogame retailer’s turnaround amid this year’s rally in its shares.

Payments startup Marqeta valued at over $17 bln in Nasdaq debut

Shares of Marqeta Inc (MQ.O), which provides payments services to customers including Uber Technologies Inc (UBER.N) and DoorDashInc, rose more than 20% in their Nasdaq debut, giving the firm a market capitalization of over $17.2 billion.

Morgan Stanley appoints E*Trade leaders to top wealth division jobs

Morgan Stanley (MS.N) appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm’s wealth management division, according to a memo seen by Reuters.

U.S. Fed’s reverse repo volume surges to record half a trillion dollars

The Federal Reserve’s reverse repurchase window on Wednesday took in $503 billion in cash, hitting a record peak for a third consecutive session, as financial institutions flush with liquidity flocked to the Fed facility to park their cash and secure Treasury collateral.

Pandemic seen driving southeastern Europe warehouse boom

Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.

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