A GameStop store operates in a strip mall in Chicago on March 16, 2023. Scott Olson | Getty Images GameStop and AMC shares fell in premarket on Wednesday as the meme stock trading frenzy showed signs of fizzling. The brick-and-mortar video game retailer fell 13% in premarket trading, while the movie theatre chain dropped 12%.…
Check out the companies making headlines after the bell : Boot Barn — The western apparel and footwear stock slid 7% after issuing light revenue and earnings guidance for the full year. Boot Barn said it expects earnings for the year to range between $4.55 and $4.85 a share, behind a FactSet estimate of $5.16…
Check out the companies making headlines in midday trading: Meme stocks — Meme stocks roared for a second day with GameStop surging more than 65% and AMC popping over 70%. The latest trading frenzy in these names was triggered by the return of “Roaring Kitty,” who posted online for the first time in almost three…
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period. Speaking to the annual general meeting of the Foreign Bankers’ Association in Amsterdam, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the annual general meeting of the Foreign Bankers’ Association in Amsterdam. The appearance is the central bank leader’s first public address since…
Victor J. Blue | Getty Images News | Getty Images AMC Entertainment raised about $250 million of new equity capital, completing the sale Monday during the revived meme stock craze triggered by the return of “Roaring Kitty.” The movie theater operator sold 72.5 million shares in an at-the-market equity offering that it launched on March…
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 U.K., Bloomberg reported Monday. Xponential Fitness — Xponential Fitness shares were last up nearly 8.5% in volatile trading. The stock…
