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.
Stocks rally, yields drop as U.S. CPI data calms investors
Global stock markets rallied to new highs and bond yields slid on Thursday after a jump in U.S. inflation was viewed as insufficient to alter the Federal Reserve’s easy monetary policy stance that rising consumer prices will be transitory.
Clover Health shares tumble in another wild day for meme stocks
Shares of Clover Health Investments Corp (CLOV.O) slid on Wednesday, a day after the new retail trader favorite soared about 86%, the latest meme stock to join the frenzy this year.
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.
No inflation fears here: ARK’s Wood says portfolio should triple in five years
Lower prices for growth stocks as a result of the inflation-driven selloff that began in February should mean that Ark Investment’s portfolios should see a “more than tripling” over the next five years, star fund manager and firm founder Cathie Wood said in a webinar on Tuesday.
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.
Asia shares pare gains on caution, oil falls again
Asia stocks reversed early gains on Tuesday, with traders sidelined ahead of U.S. inflation data and a European monetary policy meeting this week while oil prices lost more ground on worries over the fragile state of the global recovery.
Asia stocks open higher on record for MSCI’s All-Country World Index
Asia stocks opened higher on Tuesday, cruising in the slipstream of a record high overnight gauge of global equity markets, with investors hoping for inflation and monetary policy clues later in a week full of key central bank meetings and data points.
Big Biogen boost on Alzheimer’s news could win back biotech investors
The approval by U.S. regulators on Monday of a Biogen Inc (BIIB.O) drug to treat Alzheimer’s disease could reinvigorate investor interest more broadly in biotech and pharmaceutical shares that have struggled in 2021.
Wall Street body proposes new rules on short positions, stock loans
The Financial Industry Regulatory Authority (FINRA), Wall Street’s self-regulatory body, has proposed changes to its short-interest reporting requirements in a bid to make information more useful.
