Check out the companies making the biggest moves in premarket trading: Meme stocks — GameStop soared 120%, adding to the 74.4% it gained Monday , after the man who fueled the 2021 GameStop frenzy “Roaring Kitty” posted online for the first time in about three years. Shares of AMC popped 106%, while Reddit and Robinhood […]
Rafael Henrique | SOPA Images | LightRocket via Getty Images Swedish financial technology company Klarna said Tuesday that nearly 9 out of 10 employees in its 5,000-strong workforce are now using generative artificial intelligence tools in their daily work. Klarna, which lets individuals split their purchases into interest-free, monthly installments, said over 87% of its […]
The return of “Roaring Kitty” sparked a jaw-dropping advance in GameStop shares Monday, but such a speculative rally in an unprofitable company will likely end badly once again. Roaring Kitty, the man who inspired the meme stock mania of 2021, resurfaced online with a cryptic image showing a man in a chair leaning forward. That […]
Check out the companies making headlines in midday trading. Walgreens Boots Alliance — The stock advanced 5.4% on news that Walgreens is looking for potential buyers for its $8.8 billion Boots drugstore chain in the UK, Bloomberg reported Monday. Xponential Fitness — Xponential Fitness shares were last up nearly 8.5% in volatile trading. The stock […]
Adam Dodd, co-founder of wealth technology app Freetrade, is stepping down as CEO. Freetrade LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday. Adam Dodds, who co-founded the company with business partners Davide Fioranell and Viktor Nebehaj in […]
Check out the companies making headlines before the bell. GameStop — GameStop shares rallied more than 37% in the premarket after “Roaring Kitty” posted for the first time in roughly three years . The post, a picture on X of a video gamer leaning forward on their chair as to indicate he’s taking the game […]
A man passes by a GameStop location on 6th Avenue in New York, March 23, 2021. View Press | Corbis News | Getty Images GameStop shares rallied more than 37% in the premarket Monday after “Roaring Kitty” posted for the first time in roughly three years. The post, a picture on X of a video […]
People wait at the train station of Wu Qing, Tianjin, on January 8, 2016. Fred Dufour | Afp | Getty Images BEIJING — A group of around 1,500 homebuyers in the Chinese city of Tianjin, near Beijing, have yet to see — let alone move into to — the apartments they said they paid for […]
Tesla shares are still vulnerable to a big decline ahead, according to investor Danny Moses of “The Big Short” fame . Even with the electric-vehicle maker’s stock down 32% so far this year, Moses is sticking with his Tesla short. “Everything is kind of falling apart in their core business,” the Moses Ventures founder told […]
Almost as quickly as the China stock rally happened, several investment analysts have been swift to point out its weaknesses. “China’s recent rally was not justified by fundamentals,” Citi’s emerging markets strategists said in a note Friday that downgraded China, while upgrading India. The firm is overweight Chinese internet, industrials and technology, but neutral on […]
