Medicines for dogs from Elanco (above) and Bayer (below) are available in an animal shelter on the treatment table of a veterinarian.Frank Rumpenhorst | picture alliance | Getty ImagesCompany: Elanco Animal Health Inc. (ELAN)Business: Elanco is an…
‘Gamification’ of online stock trading is not a…
Sen. Pat Toomey told CNBC on Tuesday he welcomes stock trading apps that make investing seem more approachable, rejecting complaints by some that brokerages like Robinhood have led to the so-called gamification of the equity market.The…
Move over GameStop: Discovery, AMC Networks are latest…
David ZaslavAnjali Sundaram | CNBCIt's not GameStop, but Discovery can thank the Reddit effect for an enormous surge in its stock price this year.Since launching Discovery+ on Jan. 4, Discovery shares are up a whopping…
Data firm that monitors Reddit says it saw…
Mentions of GameStop increased on Reddit days before shares of the video-game retailer took off again, according to Justin Zhen, co-founder of Thinknum, a tech firm that compiles alternative data sets for investors."In the last…
GameStop shares soar more than 100% amid executive…
A GameStop store is pictured in New York, January 29, 2021.Carlo AllegriI | ReutersShares of GameStop surged more than 100% on Wednesday as investors poured into the brick-and-mortar retailer amid a C-suite shake-up.Shares were halted…
Hedge funds that hunkered down after GameStop are…
Pavlo Gonchar | LightRocket | Getty ImagesHedge funds are still licking their wounds after a retail trading frenzy forced the industry to slash its overall exposure to stocks, leading to an underperformance in 2021.Last month,…
Bill Gates likens GameStop frenzy to gambling, says…
Bill Gates told CNBC the Reddit-fueled trading mania in GameStop and other stocks was reminiscent of betting at a casino and not investing."People enjoy gambling. Sadly, it's a zero-sum game," the billionaire philanthropist told CNBC's…
Angry customers show up at Robinhood’s headquarters in…
A protester against Robnhood and it's CEO holds signs in San Francisco.Lupe Mejia | CNBCSome Robinhood traders who can't get in touch with customer service are trying another tactic: showing up at its front door.A…
More bubbles, less shorting. What the GameStop craziness…
Tiffany Hagler-Geard | Bloomberg | Getty ImagesThe stock market is known for being unpredictable and volatile, and any sense of normalcy was blown up during the recent GameStop rally.Most of us know the story by…