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GameStop rally builds after puzzling ice-cream cone tweet
(Reuters) - GameStop Corp shares surged more than 50% in early deals on Thursday as amateur investors jumped back into the stock weeks after an unprecedented short squeeze triggered a 1,600% rally in the video game retailer.
GameStop stock doubles; even Reddit is surprised
GameStop shares were up 60% after hours at around $146, following a 103% rise during the day's trading. Trading in GameStop was halted several times following a rally that began around 2:30 pm Eastern time Wednesday with no obvious catalyst.
Oil price rises after data shows slump in US output amid Texas freeze
NEW YORK:Oil prices climbed on Wednesday to fresh 13-month highs after U.S. government data showed a drop in crude output after a deep freeze disrupted production last week
GameStop stock doubles in afternoon; even Reddit is surprised
NEW YORK (Reuters) - GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after recent hearings in the U.S. Congress prompted by the fierce rally and steep dive that upended Wall Street in January.
Reddit stock sale raises US$368mil as frenzy spreads
NEW YORK: Two weeks ago Reddit Inc said it raised “more than US$250mil” in a private stock sale. Turns out it was plenty more.
Crude to rally sooner, higher than expected
Consumption seen returning to pre-Covid levels by July
Commodities hit highest since 2013 amid inflation concern
NEW YORK: Commodities rose to their highest in almost eight years amid booming investor appetite for everything from oil to corn.
Bitcoin slumps below $50,000 as caution sweeps over crypto rally
BITCOIN slid Tuesday after a bout of volatility highlighted lingering doubts about the durability of the token’s mesmerising rally.
Asian stocks advance in commodities-inspired rally
SINGAPORE: Asian shares rebounded from two-week lows on Tuesday as rising commodity prices boosted market expectations of an improved growth outlook, a day after rising U.S. Treasury yields and inflation prospects hit U.S. tech shares.
Wall Street’s robots are taking on the confusing world of Reddit
Reddit forum WallStreetBets is hard for humans to follow at the best of times. But spare a thought for the machines.
