GameStop closed 21% higher after jumping more than 70%, as meme stock leader Keith Gill appeared to hold on to a massive position in the video game retailer.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribehold on to a massive position
in the video game retailer. The Wall Street Journal reported that E-Trade was considering banning Gill from its platform over concerns of potential market manipulation. Gill, who goes by"DeepF-----Value" on Reddit and"Roaring Kitty" on YouTube and X, posted a screenshot of his portfolio on Monday, showing the value of his common stock alone jumped to $140 million from $115.7 million as of Friday's close. The post could not be independently verified by CNBC.
The augmented reality headset has faced challenges, including reports of nausea and other issues experienced by soldiers using the device. This move reflects a shift in Microsoft's focus towards AI technologies.that could benefit from a favorable macroeconomic backdrop, strong company fundamentals and complementary chart analysis. All the stocks are rated as overweight by Piper Sandler., despite some late jitters.
"We're in a higher interest rate environment, which is of course effecting the consumer and as we see rising credit card debt," Simonetti said."The Fed is most likely to wait for the CPI number to get closer to their target data before they are going to move rates, which means it is going to affect the consumer behaviour and corporate earnings.
"We are early in the month of June, its only natural that the market is trading sideways a bit as we're figuring out valuations. And it will be like this until we get into the next earning season," Simonetti warned.CNBC's Jeff Cox, Yun Li, Pia Singh, Brian Evans, Jesse Pound, Alex Harring, Spencer Kimball, Annika Kim Constantino, Christina Cheddar Berk, Sophie Kiderlin, Jorden Novet, Lillian Rizzo and Alex Sherman contributed to this report.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
CNBC Daily Open: Nvidia's new chip, GameStop soarsIndian Prime Minister Narendra Modi appears set to win a third term, while South Africa’s ruling African National Congress lost its 30-year parliamentary…
Baca lebih lajut »
CNBC Daily Open: Nvidia's new chip, GameStop soarsIndian Prime Minister Narendra Modi appears set to win a third term, while South Africa’s ruling African National Congress lost its 30-year parliamentary…
Baca lebih lajut »
CNBC Daily Open: Dow at record close, GameStop shares crashJan Leike, a part of OpenAI’s safety leadership team announced his departure, saying “safety culture and processes have taken a backseat to shiny…
Baca lebih lajut »
CNBC Daily Open: Dow drops, Nvidia couldn't save NasdaqS&P 500 ends three-day winning streak, Salesforce plunges on revenue and forecast and Peltz sells entire Disney stake.
Baca lebih lajut »
CNBC Daily Open: Dow drops, Nvidia couldn't save NasdaqS&P 500 ends three-day winning streak, Salesforce plunges on revenue and forecast and Peltz sells entire Disney stake.
Baca lebih lajut »
CNBC Daily Open: Dow drops, Nvidia can't save NasdaqConocoPhillips is set to buy Marathon Oil in a $17 billion deal that would boost its portfolio.
Baca lebih lajut »