GameStop Corp. stock unsettled Tuesday after the retailer says it has laid the groundwork for its “transformation” despite lower-than-expected adjusted fourth-quarter earnings and sales.
A key Democratic senator said Tuesday more than half a trillion dollars in lending authority still exists for the Paycheck Protection Program but the program will need to be extended quickly as-is for that cash to get out the door.
A growing band of retail traders is coming together to make it clear that they hate Wall Street almost as much as they “like the stock,” perhaps highlighting the growing potency of average investors in a new era of investing.
Stocks end lower Tuesday, with beneficiaries of the recent rotation into cyclically sensitive stocks feeling the brunt of the selloff as concerns rose around rising COVID-19 cases in Europe that have prompted extended lockdowns.
The Silicon Valley company also offered second-quarter and full-year guidance that exceeded analyst estimates, and said Chief Financial Officer John Murphy intends to retire in 2021.
‘It would be sad and painful to see people end up losing this money that was designed to prop up the economy and get us out of COVID-induced recession.’
U.S. stock-index futures on Monday indicate a mixed start for the week, following losses for all three major benchmarks last week as investors weigh brightening economic prospects against worries that interest rates will climb sooner than anticipated.
The bull rally in stocks continues to paw at the dirt, with both the Dow and S&P 500 indexes charging to new highs last week and momentum set to continue into the week ahead. And worries of a bubble are blowing.
Millions of Americans are getting their COVID-19 shots every day now, but the U.S. is still going to need better treatments that can nip mild or moderate cases of COVID-19 before they become serious.
‘We have some family and friends who are struggling to make ends meet, particularly as a result of the pandemic. Having means, we chose to help them financially and sent sizable checks.’