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“Saturday Night Live” returned for its first show of 2021, and had one question on its mind: “What still works?” That’s how the NBC variety show opened its program on Saturday night, with cast member Kate McKinnon hosting a show that asked what still works in America. The first category was “government.” McKinnon brought out

Toys “R” Us is closing its only two stores roughly a year after a highly anticipated relaunch of the storied brand. Tru Kids Inc., which bought the retailer in a 2018 liquidation sale, confirmed that its two locations in New Jersey and Texas that opened in late 2019 have permanently closed because of the pandemic.

Jaydyn Carr was a GameStop shareholder long before the buying frenzy that sent share prices skyrocketing, and now the 10-year-old investor has cashed in, making almost $3,200. His mother, Nina Carr, told CNN that she bought Jaydyn 10 shares of the company’s stock in 2019 as a Kwanzaa present, because she wanted to teach him

There was a lot to unpack in the deluge of news this week about GameStop, the stock market, Reddit groups, trading apps and hedge funds. If it all seemed like too much, we can’t blame you for tuning out. While we don’t know just how the so-called Reddit rebellion will change the future of investing,

Omar couldn’t believe what was happening. He should have been concentrating on the student he was tutoring in physics — a job he did during his free time while enrolled in a post-baccalaureate pre-med program — but Omar’s eyes kept darting back to the Robinhood app open on his phone. Omar had invested $6,000 in

It has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after trading platforms including Robinhood lifted restrictions on trading the stock. The stock ended the week up 400%. But elsewhere on Wall Street, the picture was bleak.

It has been a turbulent week on Wall Street. GameStop has been at the center of it, again soaring on Friday and ending the day up nearly 68%, after trading platforms including Robinhood lifted restrictions on trading the stock. The stock ended the week up 400%. But elsewhere on Wall Street, the picture was bleak.

The cops on the Wall Street beat weren’t prepared for an army of day traders coordinating on social media to run up the price of stocks like GameStop, BlackBerry and American Airlines. Now, brokers are imposing restrictions on the fly, drawing huge backlash from traders who are crying foul and spreading unsubstantiated theories about nefarious

GameStop mania didn’t happen in a vacuum. It’s just the most glaring example of the bubble-like behavior running rampant in the financial markets. Long before an army of Reddit traders sent GameStop, AMC and other stocks “to the moon,” evidence of extreme market speculation had been mounting. Shares of Airbnb, DoorDash and other unprofitable start

“Stop the steal!” Trumpist insurgents shouted as they rampaged through the US Capitol on Jan. 6, referring to what they falsely claimed was a rigged election. Three weeks later, a different and non-violent crowd went on a different rampage, this one tearing through Wall Street, borrowing the slogan to defend their right to flex their

It has been a turbulent week on Wall Street. GameStop soared some 100% at the opening bell, after trading platforms including Robinhood lifted restrictions on trading the stock. It was up 65% in the early afternoon Friday. Elsewhere on Wall Street, the picture was bleak. The Dow tumbled 2.2%, or 670 points in early afternoon

General Motors said Thursday it plans to be carbon neutral by 2040 in its global operations and hopes to offer only zero-emissions vehicles by 2035. The largest US automaker, GM had previously announced that it was working towards an “all electric future,” but it had not set any target date for achieving that goal. GM

It has been a crazy week on Wall Street — and Friday trading is still in the early going. GameStop soared some 100% at the opening bell, after trading platforms including Robinhood lifted restrictions on trading the stock. GameStop shares were up 65% in the early afternoon Friday. Meanwhile, the three major stock indexes were

For months, people have been clamoring to get access to Clubhouse, a buzzy invite-only social media app where members join virtual rooms to have live, unscripted discussions. Topics range from the “future of San Francisco,” with the city’s district attorney participating, and Kanye West to startup pitch events and various off color conversations. Unlike other

HNA Group was once one of China’s largest conglomerates, spending billions of dollars to expand its reach around the world. Now it could go bankrupt. The Hainan-based company’s creditors have asked a Chinese court to approve plans for the company to enter bankruptcy, HNA said in a statement Friday. The creditors said the conglomerate couldn’t

The GameStop mania that’s hijacked US markets is grabbing the attention of investors all over the world, as traders from London to Mumbai try to get in on the action. What’s happening: Shares of companies that are heavily shorted — indicating that institutional investors are betting they will fall — have been scooped up on