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How GameStop Became One of the Year’s Hottest Stocks

Video Credit: Cover Video STUDIO - Duration: 01:04s - Published
How GameStop Became One of the Year’s Hottest Stocks

How GameStop Became One of the Year’s Hottest Stocks

At the onset of the pandemic, GameStop was one of the hardest-hit retailers, already suffering from the shift to online sales


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Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024 [Video]

Stock Markets Rally Amid Investor Hopes for Interest Rate Cuts in 2024

Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024. On the morning of May 15, both the S&P and the Nasdaq hit all-time highs after new data suggested inflation may be easing in line with expectations. Quartz reports that the Dow Jones Industrial Average is also inching toward the record-breaking 40,000 mark, which it almost hit in March. . According to the latest Bureau of Labor Statistics data, April saw the Consumer Price Index, a key gauge of inflation, rise by 3.4%. At the same time, consumer prices increased by 0.3%, slowing slightly from March's 0.4% increase. The latest data also shows that core prices, which don't include food and energy, saw the lowest increase since April of 2021, rising just 3.6%. . As a result, investors have a sense of renewed hope that the Federal Reserve will begin to cut interest rates at some point in 2024. The latest inflation data was released one day after the Producer Price Index, which measures wholesale inflation, increased 0.5%. . Over the past year, the index has increased 2.2%. Shortly after markets opened, the Dow jumped up 147 points, hitting 39,705, while the S&P 500 and the Nasdaq saw 0.5% increases. Shares in GameStop were down 30% after experiencing a boost earlier this week by the online return of investor "Roaring Kitten."

Credit: Wibbitz Top Stories    Duration: 01:30Published

GameStop Stock Soars (Again) as Influencer Roaring Kitty Makes Comeback

GameStop stock soared to 110% Monday ... all thanks to a cryptic social media return from viral day trader Roaring Kitty -- who memorably caused this to happen a..
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Reddit Prices Shares at $34 in IPO [Video]

Reddit Prices Shares at $34 in IPO

Reddit Prices Shares , at $34 in IPO. Reddit will go public on March 21 and has priced its IPO at $34 a share, Yahoo Finance reports. That is about a $6.4 billion valuation. A social media company hasn't gone public since Pinterest in 2019. Reddit gained increased recognition amid the meme stock craze of 2021. Reddit had 500 million site visitors in 2023. Its revenue increased 20% from 2022 to $804 million. According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence. We are exploring business opportunities in licensing data for purposes including machine learning, business analysis, display and training generative AI models, Reddit, via S-1 filing. 1.76 million shares have been set aside for eligible Reddit users and moderators. . Headline venture partner Kamran Ansar said the decision lends itself to volatility. . You may see a big run up in the stock price and a drop, Headline venture partner Kamran Ansar, via statement. Because this has such a rabid community around it, the Reddit users, you could see Reddit itself ironically become a meme stock the way that you saw happen with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement

Credit: Wibbitz Top Stories    Duration: 01:30Published

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