GameStop falls 27% on potential share sale, other ‘meme stocks’ falter
Shares of GameStop Corp (GME.N) lost more than a quarter of their value on Thursday and other so-called meme stocks also declined in a sell-off that hit a broad range of names favored by retail investors.
EXCLUSIVE Online wholesale marketplace Faire raises $260 mln, valued at $7 bln
Online wholesale marketplace Faire said on Thursday it raised $260 million in its latest funding round and is now valued at $7 billion, thanks to the fast growth in e-commerce following the pandemic.
UPS shares fall as investors fret over post-pandemic growth plan
United Parcel Service Inc (UPS.N) shares fell as much as 6% on Wednesday as the company known for delivering everything from Amazon.com packages to coronavirus vaccines forecast disappointing post-pandemic U.S. margins.
G7 countries devise way to catch Amazon in tax net -sources
G7 states have found a way to include Amazon, one of the world’s biggest companies, on a list of 100 set to face higher taxes in the countries where they do business by targeting its more profitable cloud computing unit, officials close to the talks said.
Stocks touch new highs as volatility eases, dollar gains
A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.
Wall Street muted, Clover Health leads “meme” rally
Wall Street indexes were flat on Tuesday as investors took to the sidelines ahead of key inflation data this week, while Clover Health led a rally among popular social media stocks.
U.S. Republicans vow to oppose Yellen’s G7 tax deal, casting doubt on its future
Several top U.S. Senate Republicans on Monday rejected Treasury Secretary Janet Yellen’s G7 deal to impose a global minimum corporate tax and allow more countries to tax big multinational firms, raising questions about the U.S. ability to implement a broader global agreement.
Wall St dips as investors weigh G7 tax deal risk
The S&P 500 eased on Monday, although it remained 0.5% away from its all-time high, as a deal by the world’s richest nations on a global minimum corporate tax overshadowed bets on a full economic reopening.
Amazon’s billionaire founder Jeff Bezos to fly to space next month
Amazon’s billionaire founder Jeff Bezos said on Monday he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month.
U.S. tech giant shares barely react to G7 tax deal
Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world’s richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies’ bottomlines.
