Tag Archives: United States

German retailers sells Animal Crossing: New Horizon and Doom Eternal early in advance of Coronavirus closures | GamesRadar+

Both Animal Crossing: New Horizons and Doom Eternal are set to launch this Friday, March 20, but Dutch retailer Game Mania is planning to sell copies of the games early before it shuts down due to ongoing containment efforts against the spread of Coronavirus.  Game Mania’s decisions follows new online murmurings that suggest US retailer […]

GameStop chaos shines a spotlight on Wall Street’s vulnerabilities

The early movers who cashed out – ironically, a number of hedge funds among them – will walk away with massive profits but the latecomers are likely to be wiped out when the GameStop bubble implodes, as it inevitably will. Much of the trading last week was via call options and on margin, which suggests […]

U.S. Stock Futures Fall as GameStop Frenzy Builds – WSJ

U.S. stock futures fell as retail investors buoyed GameStop and other shares, pointing to a volatile end to 2021’s first month of trading. Futures tied to the S&P 500 declined 1.2%, suggesting a reversal in direction after a nearly 1% rise Thursday. Those linked to the Nasdaq-100 retreated 0.9%. Shares of GameStop soared over 60% […]

GameStop closes stores to customers, offers curbside pickup amid coronavirus pandemic – CNET

GameStop is switching to curbside pick-up for items as a result of coronavirus.  Days after defending its decision to stay open during the coronavirus pandemic by claiming it was providing “essential retail,” GameStop is closing stores to customers and is instead directing them to curbside pickup or to order items online.  “This is an unprecedented […]

Local broker Stake forced to suspend GameStop trading

GameStop shares surged more than 1500 per cent last week as an army of retail day traders on Reddit forum WallStreetBets rushed to buy shares in order to create a “short squeeze” against major US hedge funds that had bet against the struggling company’s share price. “To be clear, this is not a decision Stake […]

US: The Piranha Plant, Ice Climbers & King K. Rool amiibo Are Now Available To Pre-Order From Amazon & GameStop | My Nintendo News

On February 15th, 2019, Piranha Plant, Ice Climbers and King K. Rool’s amiibo will be released. However, if you want to pre-order them now, you can now do so. GameStop and Amazon now have the amiibo available for pre-order, with one exception. Piranha Plant’s amiibo has a page on Amazon, but the amiibo itself is… […]

GameStop, AMC slide as retail trading frenzy stalls

By Reuters Staff 1 Min Read FILE PHOTO: A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo Allegri/File Photo/File Photo (Reuters) – Shares of videogame retailer GameStop and movie theater operator AMC Entertainment Holdings lost 26% and 13%, […]

‘Reddit Rebellion’ drives GameStop to rally again, while US regulators eye wild trading

While some companies swept up in the so-called “Reddit rebellion” have used the opportunity to raise capital, most have said little about the volatility in their shares. GameStop did not reply to multiple requests for comment. AMC, BlackBerry and Koss did not immediately respond to requests for comment. Restrictions imposed on Thursday were driven by […]

‘People are crying’: Hedge funds reel as GameStop trading army goes global – Financial News

The GameStop melt-up, driven in part by Elon Musk, Michael Burry of The Big Short fame and an army of armchair Redditors intent on crippling bearish hedge funds, has led the stock to skyrocket and pummel positions at firms including Melvin Capital and Citron Research. Now, the retail brigade is coming for other stocks popular among […]

Senator Warren Releases Statement on GameStop Trades | U.S. Senator Elizabeth Warren of Massachusetts

Senator Warren Releases Statement on GameStop Trades Washington, DC – United States Senator Elizabeth Warren today released the following statement on the recent GameStop trades. “With stocks soaring while millions are out of work and struggling to pay bills, it’s not news that the stock market doesn’t reflect our actual economy. For years, the same […]