The GameStop rally could herald a rise in “noise trader risk,” potentially driving rational traders from obscure, less liquid corners of the stock market and stoking increased volatility, warns one quantitative analyst.
Oil futures settle sharply lower Friday, with the U.S. benchmark pulling back from a 22-month high, as a stronger dollar and jitters ahead of next week's OPEC+ meeting inspire a round of apparent profit-taking.
Airbnb Inc.'s resilience in the face of a continued travel slowdown because of the pandemic, plus its position against its peers, have analysts bullish and the company's shares surging Friday.
New York City Schools Chancellor Richard Carranza will leave his post in March as education officials work to reopen some public schools that have remained closed for most of the past year because of the Covid-19 pandemic.