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GameStop shares soar as 'meme stocks' rally again

Aaron Saldanha, Thyagaraju Adinarayan and David Randall, Reuters
Posted at Feb 26 04:02 AM

GameStop Corp shares soared again on Thursday after doubling in the previous session, triggering a series of NYSE trading halts and leading a surprise resurgence of so-called "stonks" championed by passionate retail investors on various online forums.   Read more »

GameStop CFO to step down after Reddit driven stock rally

Jessica DiNapoli and Subrat Patnaik, Reuters
Posted at Feb 24 08:11 AM

GameStop Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of headline-grabbing big betting in its stock. Read more »

GameStop key players tell US lawmakers no manipulation

ABS-CBN News
Posted at Feb 19 08:20 AM

Key players involved in the trading frenzy centered on GameStop shares told skeptical US lawmakers on Thursday that their actions were above board and in line with ordinary stock market business. Read more »

Robinhood, hedge fund manager defend Gamestop moves ahead of hearing

Pete Schroeder, Reuters
Posted at Feb 18 09:09 AM

A Wall Street hedge fund manager, the chief executive of Robinhood and a YouTube streamer known as "Roaring Kitty" laid out their defense on Wednesday ahead of a grilling by lawmakers over the Reddit-fueled rally in retailer GameStop Corp. Read more »

Can GameStop squeeze also happen in PH? Is it a bad thing? Analysts give their take

ABS-CBN News
Posted at Feb 03 07:34 PM

An analyst said this also happens in the country, even without short selling.  Read more »

GameStop saga may provide early test of Biden administration ethics pledges

Trevor Hunnicutt and David Lawder, Reuters
Posted at Feb 02 09:41 AM

Arguably the last thing new US Treasury Secretary Janet Yellen wants to take up during her first days in office is a financial market imbroglio involving one of her last private sector business relationships. Read more »

Silver swept up by GameStop retail frenzy

Tom Westbrook and Thyagaraju Adinarayan, Reuters
Posted at Feb 01 10:07 PM

SINGAPORE - Silver broke above $30 an ounce for the first time since 2013 on Monday as an army of retail traders stormed into the metal after betting billions of dollars on stocks last week, triggering risks of a multi-asset melt-up in global markets. Read more »

Facebook shuts stock trading group after GameStop frenzy

Paresh Dave, Reuters
Posted at Jan 29 11:23 PM

Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move its founder said was an unjustified response to conversations that have buoyed shares in GameStop Corp and other companies. Read more »

GameStop back on the rise as Robinhood eases trading ban

Sagarika Jaisinghani and Medha Singh, Reuters
Posted at Jan 29 09:59 PM

The army of small investors behind this week's dramatic squeeze on Wall Street hedge funds returned to drive shares in GameStop and other hot companies higher on Friday as online broker Robinhood eased disputed trading restrictions. Read more »

Reddit users say GameStop rocket is revenge of the masses

Glenn Chapman, Agence France-Presse
Posted at Jan 29 04:49 PM

For some Reddit users, GameStop's dizzying rocket ride on Wall Street is a case of the masses rebelling against one-percenters hoarding the world's wealth.   Read more »

'We love this stock': GameStop effect spreads as calls for probe build

Sagarika Jaisinghani and Shriya Ramakrishnan, Reuters
Posted at Jan 28 10:48 PM

The battle between small-time traders and hedge funds that has shaken US and European stock markets moved into Asia on Thursday, with surges in several Australian companies joining a list of social-media hyped moves that have cost financial institutions billions of dollars. Read more »

Morgan Stanley to link Wall Street, Main Street with E-Trade purchase

Michael J. de la Merced, Kate Kelly and Emily Flitter, The New York Times
Posted at Feb 21 08:45 AM

The Wall Street giant moved further from its investment banking origins Thursday with an agreement to buy discount brokerage E-Trade for about $13 billion, the biggest takeover by a major American lender since the 2008 global financial crisis. Read more »