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(Reuters) - Amateur investors piled further into niche stocks on Tuesday, sending professional short sellers scrambling to cover losing bets, with GameStop skyrocketing for a fourth straight day, thanks in part to Elon Musk.
NEW YORK: Global stocks slipped from record levels on Tuesday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and U.S. lawmakers continued to debate a new stimulus plan.
LONDON/NEW YORK: Growing concerns about stock bubbles on Wall Street are sparking fears of a pullback, highlighted by the wild ride for shares such as GameStop Corp.
NEW YORK: Shares of U.S. videogame retailer GameStop skyrocketed by 144% on Monday as short sellers scrambled to cover their positions in the stock, which then pared gains in a roller coaster session that featured nine trading halts for volatility.
(Reuters) - Sony Corp said on Friday its PlayStation 5 (PS5) console will be launched in India in coming weeks as it tries to capitalise on the pandemic-driven boom in gaming.
Sony Corp has created one of the hottest gadgets of the year in the PlayStation 5, but its launch has been marred by scalpers who are buying up scarce supplies and threatening the long-term health of the company’s most important product.
GameStop Corp employees across the United States were caught by surprise on Dec 12 when the video-game chain suddenly announced new shipments of the highly coveted PlayStation 5 and Xbox Series X consoles, sending customers flocking to stores.
Good luck finding a PlayStation 5: Walmart and other retailers battle ‘bots’ snatching up hot products
CHICAGO/NEW YORK (Reuters) - Seven times last month, Benjamin Karmis, a 26-year-old priest from Wheaton, Illinois, failed to get his hands on the latest Sony PlayStation 5 video game console from retail websites including Walmart Inc and Facebook Marketplace.
Sales of digital games fell 10% year-over-year between Black Friday and Cyber Monday, largely the result of shortages of new consoles from Microsoft Corp and Sony Corp, according to research firm SuperData.