The battle between day traders and short sellers over GameStop dominated the headlines, but the bigger questions for investors of all stripes is what the resurgence in retail trading means for the stock market as major benchmarks march to all-time highs.
Activision Blizzard Inc. shares on Friday closed at their highest price since 1984, or at an all-time high when you take several stock splits into account, following strong earnings and an outlook that seeks to tap more of the fast-growing mobile gaming market.
The battle between day traders and short sellers over GameStop dominated the headlines, but the bigger questions for investors of all stripes is what the resurgence in retail trading means for the stock market as major benchmarks march to all-time highs.
U.S. stock indexes notched their best weekly gain since the November elections Friday, even though the latest update on employment showed a disappointing jobs gain in January, suggesting that recovery in the labor market is stalling.
The next date circled in red for Democrats working on President Joe Biden’s $1.9 trillion economic plan is Feb. 16, the deadline for congressional committees to produce the legislation to put the proposal into law.
The White House plans to contract with at least six testing companies to spur development and manufacturing of more than 60 million at-home COVID-19 tests by this summer.
The BBC and the Chinese state broadcaster are at the center of the most recent political clash between the U.K. and China, with Beijing floating “further measures” against the BBC and accusing it of being “fake news.”
The U.S. regained a meager 49,000 jobs in January and the unemployment rate fell again to 6.3%, but the economy is still struggling to recover after a record coronavirus surge induced more layoffs at the end of last year.