Money

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

Skinny jeans have had their moment. Comfy clothing is what consumers want now, and Levi’s is ready to deliver with more generous-fitting and downright baggy jeans this year. The iconic American denim brand said it’s helping facilitate the switch from skinny to baggy. “I think we’re kind of leading this trend to some extent,” Levi

Comedian and former “Daily Show” host Jon Stewart is finally on Twitter, and his first tweet was about the GameStop-Reddit mayhem on Wall Street. “This is bulls**t. The Redditors aren’t cheating, they’re joining a party Wall Street insiders have been enjoying for years. “Don’t shut them down…maybe sue them for copyright infringement instead!! We’ve learned

The frenzy over GameStop has inspired amateurs everywhere to shake up stock markets. Now China’s massive army of retail investors wants to get in on the action. Talk of the video game retailer’s epic share surge has taken over Chinese social media and the eye-popping gains in that stock and others have become the envy

Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran counter to its stated mission of democratizing investing. “This is a strong sign

GameStop traders sent the stock on a wild ride Thursday, and it looks set for another manic session Friday. The stock lost more than 44% of its value on Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? The trading platform Robinhood restricted trading in the red hot

Robinhood raised $1 billion from existing investors just hours after it halted purchases of GameStop, suggesting the free-trading app faced a potential cash shortage. The startup faced a bipartisan backlash Thursday for its decision to limit trading — a move that ran counter to its stated mission of democratizing investing. “This is a strong sign

A Robinhood customer filed a class-action lawsuit against the stock-trading app Thursday after the company barred traders from buying shares of GameStop promoted by WallStreetBets, a popular Reddit group for investors. The lawsuit, filed in the Southern District of New York, claims that Robinhood’s actions rigged the market against its customers. “Robinhood’s actions were done

The founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving up stock prices in a showdown with Wall Street short-sellers. “I don’t envy any of them,” WallStreetBets founder Jaime Rogozinski told Julia Chatterley on CNN Thursday. “I’m enjoying this from