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The Reddit message board that’s breaking the internet by sending Wall Street into a frenzy was briefly taken private by its moderators on Wednesday, adding further confusion to a wild day. “We are experiencing technical difficulties based on unprecedented scale as a result of the newfound interest,” said a message on the WallStreetBets subreddit, adding

GameStop traders sent the stock on a wild ride Thursday. The stock was up about 13% Thursday morning after tumbling about 15% earlier. Sending it on a roller-coaster ride, Robinhood said it was restricting trading in the red hot stock as well as others. “We continuously monitor the markets and make changes where necessary. In

The European Union has been locked in a very public and acrimonious fight with AstraZeneca over vaccine delays. The temperature may have cooled slightly after a meeting late Wednesday, which both sides said was constructive, but the problem hasn’t been fixed yet and the stakes for EU countries are high. These are the battle lines:

So much for what goes up must come down. GameStop continued to defy gravity Thursday. Shares soared another 30% in premarket trading thanks to massive support from individual investors on Reddit. GameStop shares are now up nearly 2,500% this year — surging from just under $20 at the end of 2020 to a current price

Chipotle is testing curbside pickup at 29 locations in California to give customers a way to get their tacos and burritos without having to go inside restaurants. Here’s how it works: Customers who order from participating restaurants through the Chipotle app will see a “curbside pickup” option before they check out. Once the order is

Toyota is back on top. The Japanese company has reclaimed its place as the world’s best-selling automaker, with its latest results showing an edge over Volkswagen Group. Toyota sold 9.5 million vehicles around the world in 2020, according to figures released on Thursday that include its Daihatsu and Hino lineups. That’s compared with the 9.3

Economists are grading on a curve. That’s not a good thing if you’re former President Donald Trump. US gross domestic product, the broadest measure of economic activity, is forecast to have grown at an annualized rate of 4% between October and December. In a normal year, that would be something to celebrate — an A+

A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. Mark Zuckerberg built one of the world’s most powerful — if not the most powerful — radicalization engines in history. For years and years, his platform has algorithmically pushed people into ideological political bubbles and

Amateur investors continued a frenzied runup of GameStop for the fourth session in a row, with the stock ending Tuesday up more than 92%, or about $148 a share. After the market closed, Tesla CEO Elon Musk appeared to join the pile-on with a tweet that sent GameStop shares briefly above $200. His one-word comment

The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Everyone knows doom is just around the corner for some key players; a lucky few will emerge stronger; and the monster might be subdued but will ultimately come back for a sequel. The cast

Tesla capped its breakout year with a record profit that still fell short of analysts forecasts, sending its shares lower in after-hours trading. The electric car maker reported fourth quarter adjusted income of $903 million, excluding special items, more than double its earnings a year ago but short of the $1.1 billion forecast by analysts.

Facebook’s business continues to fire on all cylinders even as the company faces growing scrutiny from regulators over its acquisitions and from critics for the role its platform may have played in spreading lies about the US presidential election. The company said Wednesday that it posted a profit of $11.2 billion in the final three

Analysts have talked for at least a year about the potential for Apple’s first 5G iPhone to drive a “supercycle” of device sales. On Wednesday, Apple’s earnings report for the three months ended December 26 — the first since the iPhone 12 went on sale — offered an initial look at how actual sales are

Analysts have talked for at least a year about the potential for Apple’s first 5G iPhone to drive a “supercycle” of device sales. On Wednesday, Apple’s earnings report for the three months ended December 26 — the first since the iPhone 12 went on sale — offered an initial look at how actual sales are

Facebook’s business continues to fire on all cylinders even as the company faces growing scrutiny from regulators over its acquisitions and from critics for the role its platform may have played in spreading lies about the US presidential election. The company said Wednesday that it posted a profit of $11.2 billion in the final three

Welcome to the Reddit market. A group on Reddit’s Wall Street Bets board have been promoting a number of stocks, hoping to squeeze short sellers that have been betting against them. They’re succeeding. Their best-known bet is GameStop, which rose another 133% Wednesday after nearly doubling Tuesday. It has now soared about 1,700% this year.

The Federal Reserve left interest rates unchanged Wednesday and assured investors that there are no near-term plans to raise them. Interest rates are expected to stay at current record lows for the foreseeable future to facilitate this recovery, and the central bank isn’t concerned that inflation pressure will get in the way of that. Some