GameStop And The Stock Market: What's Going On?
A mass of amateur internet investors is buying GameStop stock, causing its stock price to soar. It's led to big gains for them -- and bigger losses for the hedge funds.
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A mass of amateur internet investors is buying GameStop stock, causing its stock price to soar. It's led to big gains for them -- and bigger losses for the hedge funds.
The stock market has enjoyed a historic rise, despite the pandemic and political upheaval, and looks poised to continue growing through 2021 and beyond.
The Dow Jones crossed the 30,000 threshold for the first time ever Tuesday, fueled by news that suggests a more stable economy in the near future.
Today's stock market gains come despite all the election uncertainty, but may suggest optimism for a second stimulus package down the line.
In an economy beset by pandemic-induced hardship, why is Wall Street thriving while Main Street is struggling?
COVID-19 and its economic uncertainties are jolting investor confidence. That is causing volatility in stock equities, a falling dollar and adding fears of inflation.
The stock market reacted positively to the recent record unemployment numbers, which suggests a strong economic comeback, but be wary.
The stock market fell sharply Wednesday, with the DOW, Nasdaq and the S & P 500 all down. The bond market prompted the plummet.
The Dow dropped more than 600 points, which is more than 2 percent. This caps off a tumultuous three weeks of twists and turns. But the recent volatility doesn't mean long-term investors should worry, experts say.
Stocks are slumping for a second straight day as the market endures its most volatile stretch since February. The Dow Jones industrials fell 545 points, or 2.1 percent, to 25,052.83 and the benchmark S&P 500 dropped 57 points, or 2.1 percent, to 2,728.37. Both indexes have fallen more than 5 percent the past two days.
Technology and internet stocks have led the way for much of Wall Street's bull market run, propelling the stocks of big names like Apple, Amazon and Google's parent company sharply higher along the way.
The Dow plunged nearly 832 points on Wednesday, the third-worst point decline in history.
The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months.
Since March of 2009, the stock market has been on a roll. The S&P 500 is up about 250 percent. So, how long do bull markets last?
At one point, the Dow plunged more than 500 points Wednesday before bouncing back to close off by nearly 250. Plummeting oil prices and China's economic slowdown are dragging the markets down.
The Dow Jones industrial average rocketed more than 600 points Wednesday, its biggest gain in seven years, snapping a six-day losing streak that had Americans nervously checking their investment balances.
After another day of huge sell-offs on Wall Street, the Dow Jones is down 13 percent and the S&P 500 is down 11 percent from their highs back in May. That means it's an official market correction.
U.S. stocks slumped again Monday, with the Dow Jones industrial average plunging more than 1,000 points at one point in a sell-off that sent a shiver of fear from Wall Street to Main Street.
Tuesday is going to feel to just a tiny bit longer. Just before midnight Coordinated Universal Time – or 7pm Central time – exactly one second will be added to our clocks. So, why do we add time? Good Question.
Take a close look at your homeowner and auto insurance policies -- the cost may be going up. Minnesota lawmakers are considering a bill to add a $5 surcharge on every policy in the state.
Best Buy shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.
Best Buy Co. reported another dismal quarter on Tuesday, recording a loss in the third quarter, hurt by a continued sales slump and charges related to restructuring. Shares fell more than 11 percent in morning trading to its lowest level in more than a decade.
Roundy's Supermarkets Inc., which operates 158 grocery stores in three states, expects to raise $230 million through an initial public stock offering.
One year to the day before the 2012 election, President Obama is already being judged on his handling of the economy.
The stock market sell-off has created a silver lining for consumers: surprisingly low interest rates.
As our weather warms, love is also in the air. Valentine's Day is this Saturday, and while we know many of the traditions, Jeff Wagner wanted to get to the heart of the holiday.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
Nearly 100 Minnesotans, who say pollution problems harmed their health, have won a multi-million-dollar legal settlement.
"Because we have taken out thousands of criminals, their crime is down," the president said when speaking about Minnesota. "Not because of anybody else, it's because of us their crime is down."
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing on Feb. 1 and ransom notes were being investigated.
Nearly 100 Minnesotans, who say pollution problems harmed their health, have won a multi-million-dollar legal settlement.
"Because we have taken out thousands of criminals, their crime is down," the president said when speaking about Minnesota. "Not because of anybody else, it's because of us their crime is down."
As dusk settles over Minneapolis, something unexpected appears on the side of the YWCA building.
Food insecurities are a growing concern among many cultures. Many in the Twin Cities' Muslim community have stopped working and leaving their homes due to Operation Metro Surge.
Whether it's a Venezuelan restaurant on the West Side of St. Paul, Minnesota, or a bakery on Lake Street in Minneapolis, there's widespread economic pain for Latino-owned businesses.
Police in Duluth, Minnesota, say they're actively searching Tuesday for the shooter who killed a man near the city's Goat Hill neighborhood.
January is typically a slow month at Frontiersman Sports, but employees at the St. Louis Park, Minnesota, gun shop said sales spiked 30% above normal for the month.
A St. Cloud, Minnesota, man is charged with murder in connection to the stabbing death of his wife, the daughter of Minnesota gubernatorial candidate Jeff Johnson.
Two Republican candidates in the 2026 Minnesota gubernatorial race have dropped out: one for a heartbreaking reason, while the other is entering a different race.
People describing themselves as constitutional observers tell WCCO that in the past week, reports of ICE agents disguising themselves have flooded in from the Twin Cities Metro and rural areas of the state.
Three people are dead after a house fire in a small western Wisconsin town early Saturday.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
A jury has found a Wisconsin man guilty of forging threats against President Donald Trump in an attempt to get a witness against him deported.
Minnesota and Wisconsin are among the 11 states reporting their first measles cases of 2026.
Hundreds of schools in Minnesota and Wisconsin have closed or shifted to virtual learning on Friday amid dangerous cold.
The ongoing presence of ICE and federal law enforcement in the Minneapolis area has kept many immigrants at home for fear of being arrested. Now, their neighbors are crowdsourcing to cover their rent.
U.S. Immigration and Customs Enforcement operations aren't only happening in the Twin Cities. Federal agents are also working in smaller towns, and in some, seeing similar resistance from the community.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
Minnesota's governor spoke out Sunday afternoon following the shooting death of Alex Pretti by federal immigration enforcement agents. "What's the plan, Donald Trump? What is the plan?" Walz said. "Fear, violence and chaos is what you wanted from us, and you clearly underestimated the people of this state and nation."
A marching protest against U.S. Immigration and Customs Enforcement in Minneapolis Friday afternoon happened as a widespread work stoppage across Minnesota, as organizers called for a day of no work, no school and no shopping.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
The latest police data shows a drop in some crime numbers in Minneapolis to start 2026. Homicides, robberies and burglaries are all down from this time last year. But there's conflict over who gets credit. Ashley Grams is here with a closer look at the stats and what's behind them.
After more than two months, Governor Tim Walz believes the end of Operation Metro Surge could be just days away. Ubah Ali was in East St. Paul to hear from community members.
A federal grand jury refused to indict six Democrats who drew President Trump's ire by taping a video telling members of the military that they must reject "illegal orders," three sources told CBS News.
A high-profile former prosecutor who was part of a wave of resignations from the Justice Department's office in Minneapolis last month has a surprising new client: Former CNN anchor Don Lemon.
January is typically a slow month at Frontiersman Sports, but employees at the St. Louis Park, Minnesota, gun shop said sales spiked 30% above normal for the month.
Amid ongoing immigration operations in Minnesota, a local company is filling a desperate need for on-demand legal help.
Outside the governor's mansion in St. Paul, Minnesota, on Friday, demonstrators, including many students and teachers, pleaded for Gov. Tim Walz to enact an immediate eviction moratorium to help families impacted by the U.S. Immigration and Customs Enforcement surge.
It's part of broader protests calling on the Minneapolis-based retailer to respond more directly to immigration enforcement.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
"Because we have taken out thousands of criminals, their crime is down," the president said when speaking about Minnesota. "Not because of anybody else, it's because of us their crime is down."
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was reported missing on Feb. 1 and ransom notes were being investigated.
Police in Duluth, Minnesota, say they're actively searching Tuesday for the shooter who killed a man near the city's Goat Hill neighborhood.
Minnesota Gov. Tim Walz said Tuesday that he expects the ongoing Operation Metro Surge immigration enforcement actions in the Twin Cities and greater Minnesota to last "days, not weeks and months."
FBI Director Kash Patel posted videos of a person outside the home of Nancy Guthrie, the mother of Savannah Guthrie, on the morning of her disappearance.
Public health officials say a measles crisis has long been brewing in Minnesota.
Patients in Minnesota are canceling appointments and deferring critical health care needs because of fear of immigration enforcement as the federal crackdown continues, doctors say.
Children's Minnesota announced Tuesday it plans to pause some gender-affirming care for children amid "threats" from the federal government.
Nurses in Minneapolis doubted federal immigration officers' claims about a Mexican immigrant's severe injuries.
Minnesota and Wisconsin are among the 11 states reporting their first measles cases of 2026.
Social media users incorrectly identified a young boy who was part of Bad Bunny's Super Bowl halftime show on Sunday as Liam Conejo Ramos.
Bad Bunny says he wants to bring his culture to his 2026 Super Bowl halftime show Sunday.
Renowned comedian Dave Chappelle is set to return to the Twin Cities later this month to perform and "show a stand with a community at the center of events that should unite all Americans," show organizers said Monday.
Complete closure of the performing arts center in Washington, D.C., will start on July 4, Mr. Trump said. It's not yet clear how extensive the changes to the building might be.
Music's biggest night returned Sunday with the 68th annual Grammy Awards. Here is how to watch and stream and what to know.
A Minnesotan competing at the 2026 Winter Olympics in Italy took a moment to address the situation closer to home in his home state, calling the practices of U.S. Immigration and Customs Enforcement agents during Operation Metro Surge unconstitutional.
Social media users incorrectly identified a young boy who was part of Bad Bunny's Super Bowl halftime show on Sunday as Liam Conejo Ramos.
Minnesota Timberwolves center Naz Reid and Atlanta Hawks forward Mouhamed Gueye were ejected Monday night after an altercation early in the fourth quarter of Minnesota's 138-116 win.
Anthony Edwards scored 21 of his 30 points in the first half as the Minnesota Timberwolves used a dominant second quarter to cruise to a 138-116 win against the short-handed Atlanta Hawks.
In a surprising move to some, the Wild have two goaltenders playing in the Milano Cortina Winter Games: Filip Gustavsson and Jesper Wallstedt, who is in his first full NHL season.
The Republican Party endorsing convention is in May, and Demuth has said that if she doesn't win the endorsement, she will drop out, but several candidates are expected to continue to the August primary.
In a crowded field, Minnesota House Speaker Lisa Demuth had a very good caucus night; she won the straw poll by about 32%.
The state of Minnesota is vowing to continue the legal battle after it and 12 cities were denied a temporary restraining order that would have shut down Operation Metro Surge.
The state of Minnesota is vowing to continue the legal battle after it and 12 cities, including St Paul and Minneapolis, were denied a temporary restraining order that would have shut down Operation Metro Surge.
While Operation Metro Surge continues in the Twin Cities, Minnesota's farm country is also feeling the impact. The major concerns for farmers and the trickle-down effect it could have on consumers.
John Lauritsen shares the story behind a massive snow sculpture that's now become a winter destination.
Northland Arboretum was built half a century ago on top of what was once a city dump. But over time, nature carved its own path with a little help from a Zamboni.
St. James is a smaller town with a main street and a railroad running though. But inside a local building, the main street and the railroad are even smaller.
On Dec. 9, 1965, "A Charlie Brown Christmas" debuted on CBS, and it became an instant classic. Lee Jenkins' home is proof that the show is still a hit six decades later.
Holiday lights are on full display across the state right now, and just south of the Twin Cities you'll find a Christmas light show that's been around for more than half a century.
As our weather warms, love is also in the air. Valentine's Day is this Saturday, and while we know many of the traditions, Jeff Wagner wanted to get to the heart of the holiday.
The monthslong Immigration and Customs Enforcement surge in Minnesota has sparked ongoing protests, some measured tens of thousands of demonstrators, others just a few dozen.
According to the Police Executive Research Firm, 82% of police departments in the United States equip officers with body cameras. That number comes from 2023, meaning it could be even higher by now.
With the new $2,600 stipend, DHS said the cost of a single self-deportation is $5,100. That's significantly less than the cost to arrest, detain and deport an undocumented immigrant, which DHS said costs more than $18,000.
It might be hard to believe, but it's gotten warmer outside over the past few days. The temperature is creeping above zero during the day, but the wind chill remains dangerously low. So, how is wind chill calculated?
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
WCCO meteorologist Chris Shaffer says we will warm about 10 degrees above average tomorrow with highs in the mid-30s and sunshine.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
WCCO meteorologist Chris Shaffer says clouds are clearing out and the wind will settle down tonight.
The Twin Cities are in the midst of a warmup, says NEXT Weather meteorologist Chris Shaffer.
A warming trend kicks in on Thursday. We pop up into the 40s with a storm system missing us to the south, WCCO meteorologist Mike Augusytniak reports.
WCCO meteorologist Chris Shaffer says we will warm about 10 degrees above average tomorrow with highs in the mid-30s and sunshine.
As our weather warms, love is also in the air. Valentine's Day is this Saturday. While we know many of the traditions, Jeff Wagner wanted to get to the heart of the holiday for tonight's Good Question.
Nearly 100 Minnesotans, who say pollution problems harmed their health, have won a multi-million dollar legal settlement. The former Water Gremlin plant in White Bear Township released excessive amounts of a cancer-causing chemical for more than 15 years. Senior Investigative Reporter Jennifer Mayerle explains how this settlement offers the plant's neighbors much more than money.
The latest police data shows a drop in some crime numbers in Minneapolis to start 2026. Homicides, robberies and burglaries are all down from this time last year. But there's conflict over who gets credit. Ashley Grams is here with a closer look at the stats and what's behind them.
After more than two months, Governor Tim Walz believes the end of Operation Metro Surge could be just days away. Ubah Ali was in East St. Paul to hear from community members.