GameStop notches first profit in 2 years, as shares surge
The "meme stock" surprised investors by recording a jump in quarterly earnings, but long-term challenges remain.
GameStop
The next PS5 restock is today: Here's where to get a PlayStation 5 in time for Christmas
Looking to buy a Sony PS5? We found the PlayStation 5 in stock at a handful of top retailers.
Bed Bath & Beyond shares soar 40% on meme-stock interest
Investor Ryan Cohen, with his huge following on Reddit, pushes for sale or breakup of the retailer after revealing a 10% stake.
MoneyWatch: How "meme stocks" affect investing
Although the so-called "meme stock" craze has cooled down since skyrocketing last year, shares of companies like GameStop and AMC haven't plunged the way some investors predicted. Some larger institutional investors are rethinking social media's financial impact. Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners, joins "CBS News Mornings" to discuss.
PS5's are hard to get but this social media trend has it down to a science
This is the best way to track the PS5 restock.
Here's what people are actually paying for PS5s this Christmas
When it comes to buying Sony's impossible-to-find gaming system, some people are paying a lot -- and some aren't
Cyber Monday: You can still shop these Black Friday deals and sales
Ahead of Cyber Monday, there are still plenty of deals on Apple, Samsung, Michael Kors, Keurig, OMG Surprise! and more, available now.
Cyber Monday at GameStop: The best Nintendo Switch video game deals right now
Find GameSpot Black Friday/Cyber Monday deals on Mario Kart 8 Deluxe, Super Mario Maker 2, Zelda: Breath of the Wild and more
SEC targets trading apps after GameStop frenzy
Report is critical of trading apps' gaming-like features, stoking of meme stocks and practice of selling customers' orders to traders.
AMC shares slump despite offer of free popcorn to investors
Even with the drop, theater chain's stock price has soared more than 2,000% this year since amateur investors piled in.
Meme stock AMC continues to ride social media fandom
Enthusiasm for cinema chain builds in a popular Reddit investor discussion board where stock investors are "idiots."
Robinhood raked in $110 million from "meme stock" rally
SEC Chair Gary Gensler says regulators will examine controversial fees key to the trading app's business.
GameStop CEO exiting with $170M payout after "meme" stock mania
Video game retailer lost $700 million during George Sherman's time as CEO. Now he's departing with a mammoth payday.
GameStop CEO to exit as video game retailer pivots to digital
Chewy founder Ryan Cohen, a major investor in GameStop, is pushing the old-school game store to reinvent itself.
GameStop moves to cash in on stock surge by selling shares
Video game seller's shares are up nearly 900% this year even as the company continues to lose money.
Many Americans put stimulus money into stocks
Many Americans are planning to their new $1,400 stimulus checks in the stock market. Companies like Amazon, GameStop, and AMC Entertainment may start seeing a boost over the next few weeks, but some finance experts are concerned. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN's Elaine Quijano to break it all down.
GameStop shares up 250% in two days. Here we go again?
The "meme stock" is surging again, reprising last month's dizzying rally in the videogame seller's shares.
Robinhood CEO defends trading app's role in GameStop frenzy
In sometimes pointed questioning, lawmakers pressed brokerage chief on whether his company puts its customers at risk.
House committee holds hearing on GameStop
CBS News' Nancy Chen reports on the GameStop hearing in which Reddit trader Keith Gill, aka "Roaring Kitty," appeared before Congress, along with the CEOs of Reddit, Robinhood and hedge fund Melvin Capital Management.
Lawmakers set to grill Robinhood CEO over GameStop frenzy
Online brokerage executive is expected to face questioning about why he restricted trading in high-flying stocks.
GameStop shares dip below $50 as WallStreetBets frenzy fades
Video game seller has lost $32 billion in market value since Reddit group WallStreetBets sent its share into orbit.
Robinhood's loans to buy stock are 14 times more likely to default
Stock-trading app lets customers "buy on margin" to amp up potential returns. Some investors are paying the price.
GameStop shares plunge more than 40% as investors bail
Video game retailer has lost more than $30 billion in market value after a stock frenzy driven by Reddit board.
Redditors donate some GameStop earnings
Some Reddit users took advice from the "WallStreetBets" forum and made big money on GameStop stock. Now a 20-year-old college student who cashed in is using some of that newfound wealth for good, buying gifts for a children's hospital.
Reddit trader who led GameStop frenzy loses $13M in one day
Reddit personality and YouTuber is still up on his investment, but much less than a week ago when he shot to fame.
Latest News
Schumer vows to pass debt ceiling bill "as soon as possible"
The Senate is under pressure to approve the legislation to suspend the debt ceiling before Monday.
Satellite images show scale of destruction in Russia's war on Ukraine
The devastating reality of Russia's brutal air war against Ukraine is plain to see in before and after images from Google Earth.
Wray confirmed existence of record alleging Biden bribery scheme, Comer says
GOP Rep. James Comer issued a subpoena to FBI Director Christopher Wray earlier this month.
Tropical storm could form off Florida coast on 1st day of hurricane season
The brewing system in the Gulf of Mexico could be the first named storm of the 2023 Atlantic hurricane season.
Trump wants new judge in New York criminal case
Attorneys for former President Donald Trump are asking the judge overseeing his New York criminal case to recuse himself, citing "significant conflicts."
3 residents of partially collapsed building remain unaccounted for, police say
Earlier this week, authorities said five people were missing, but the police chief said Thursday that two of them have since been contacted and are safe.
Winter saw "large spike" in very rare pediatric brain infections, CDC reports
At least 102 were hospitalized in December, nearly double an earlier peak.
Officer killed, another injured during hostage situation in Mississippi
The subject of the hostage situation is also dead.
Sweden close to becoming first "smoke free" country in Europe
Sweden, which has the lowest rate of smoking in the Europe Union, is close to declaring itself "smoke free."
U.S.
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Tropical storm could form off Florida coast on 1st day of hurricane season
The brewing system in the Gulf of Mexico could become the first named storm of the 2023 Atlantic hurricane season.
Schumer vows to pass debt ceiling bill "as soon as possible"
The Senate is under pressure to approve the legislation to suspend the debt ceiling before Monday.
Winter saw "large spike" in very rare pediatric brain infections, CDC reports
At least 102 were hospitalized in December, nearly double an earlier peak.
Trump wants new judge in New York criminal case
Attorneys for former President Donald Trump are asking the judge overseeing his New York criminal case to recuse himself, citing "significant conflicts."
Officer killed, another injured during hostage situation in Mississippi
The subject of the hostage situation is also dead.
MoneyWatch
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More big companies are weighing in on political and social issues. Here's why.
There is a major shift in corporate America's tone as more big brands sell not only their products, but also their values.
Eating disorder helpline shuts down AI chatbot that gave bad advice
The National Eating Disorder Association had fired human helpline employees after they voted to unionize.
Meta threatens news ban in California over bill to support journalism
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
Waymo robotaxis expand operations, paving the way for driverless future
Waymo recently announced a partnership with Uber and has expanded its presence.
Job-hopping doesn't pay what it used to
Big pay hikes from switching jobs, a key trend that drove the Great Resignation, is unwinding, a new analysis finds.
Politics
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Schumer vows to pass debt ceiling bill "as soon as possible"
The Senate is under pressure to approve the legislation to suspend the debt ceiling before Monday.
Trump wants new judge in New York criminal case
Attorneys for former President Donald Trump are asking the judge overseeing his New York criminal case to recuse himself, citing "significant conflicts."
Ex-GOP candidate charged for shootings at New Mexico lawmakers' homes
Solomon Peña has been indicted on federal charges including election interference in connection with a series of drive-by shootings at the homes of lawmakers in Albuquerque.
Comer says Wray confirmed existence of record alleging Biden bribery scheme
GOP Rep. James Comer issued a subpoena to FBI Director Christopher Wray earlier this month.
Who's running for president in 2024? Meet the candidates — and likely candidates — vying for your vote
Seven Republicans have announced their candidacies for president so far. And President Biden announced in April that he'd run for reelection.
HealthWatch
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Sweden close to becoming first "smoke free" country in Europe
Sweden, which has the lowest rate of smoking in the Europe Union, is close to declaring itself "smoke free."
Winter saw "large spike" in very rare pediatric brain infections, CDC reports
At least 102 were hospitalized in December, nearly double an earlier peak.
Canada is putting warning labels on each cigarette: "Poison in every puff"
The warnings - in English and French - include "poison in every puff," "tobacco smoke harms children" and "cigarettes cause impotence."
Fewer babies born in 2022, and teen births decline, CDC reports
The decline in births is "a very small difference" from the year before.
What is cytomegalovirus, the leading infectious cause of birth defects?
More than half of U.S. adults have it, and it typically doesn't make them sick — but few people have ever heard of it.
World
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45 bags with human remains found after 7 people go missing in Mexico
Authorities had been looking for seven young people who had been reported missing last week when they found the site.
Sweden close to becoming first "smoke free" country in Europe
Sweden, which has the lowest rate of smoking in the Europe Union, is close to declaring itself "smoke free."
Satellite images show scale of destruction in Russia's war on Ukraine
The devastating reality of Russia's brutal air war against Ukraine is plain to see in before and after images from Google Earth.
9-year-old girl, 2 women reportedly killed in latest attack on Kyiv
Witnesses said a locked shelter door in Ukraine's capital left the civilians exposed as Russian missile parts rained down.
Trucker detained after a "weird" potato spill on a key Denmark bridge
Officials say it "looks weird," and could have been an accident - or a protest over new environmental restrictions on diesel trucks hauling heavy loads.
Entertainment
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Sean "Diddy" Combs sues liquor giant Diageo, accusing it of racism
The suit asserts that while Diageo publicly promotes itself as a leader on diversity, Combs and his company found it unwilling to treat its Black partners equally. Diageo denies it.
William and Kate show up for royal wedding of Jordan's crown prince
The British royals' attendance at the ceremony in Amman was kept under wraps until just a few hours before the start of the palace ceremony.
Kim Cattrall set to reprise role in "Sex and the City" spinoff
Cattrall starred in six seasons and two movie spinoffs of "Sex and the City."
Dolly Parton holds 3 new Guinness World Records
Country legend Dolly Parton has been awarded three new Guinness World Records for her musical achievements, including the record for the longest span of No.1 hits for a female artist on the U.S. Top Country Albums chart, at more than 43 years.
Dolly Parton earns new Guinness World Records for musical achievements
Parton set the record for the longest span of No. 1 hits on the US Top Country Albums chart for a female artist.
Technology
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Meta threatens news ban in California over bill to support journalism
Owner of Facebook and Instagram could bar users in the state from sharing news over bill requiring tech companies to pay news publishers.
Waymo robotaxis expand operations, paving the way for driverless future
Waymo recently announced a partnership with Uber and has expanded its presence.
Future of driverless cars
Self-driving robotaxis are a future that's already arriving in a handful of U.S. cities. It's a business that's expected to grow into a $100 billion market by 2029. The company Waymo is widely seen as leading the way and just announced a partnership with Uber. Kris Van Cleave reports.
The ChatGPT Revolution | CBS Reports
The artificial intelligence revolution has arrived. AI tools such as ChatGPT offer the power to transform fields like business, art, medical research and more. But this technology also brings ethical uncertainty and peril. CBS Reports explores the unleashing of this still rapidly evolving creation and some of the possible dangers.
Why Nvidia's chips are so important for AI
Nvidia's market cap fell to around $936 billion on Wednesday after a stock surge triggered by the artificial intelligence boom briefly pushed it to over $1 trillion. Forbes senior writer Richard Nieva joins CBS News to discuss market affection for AI.
Science
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Trucker detained after a "weird" potato spill on a key Denmark bridge
Officials say it "looks weird," and could have been an accident - or a protest over new environmental restrictions on diesel trucks hauling heavy loads.
Ancient mastodon tooth found by jogger on California beach
The massive fossil once belonged to an ancient elephant-like creature dating back to the Ice Age.
Are orcas coordinating attacks on boats?
Killer whales could be learning to attack small boats. Scientists are warning about an increase in what appear to be coordinated attacks by orcas on several vessels off the coast of Europe. One boat had to be abandoned and left to sink in the Strait of Gibraltar. Jeff Corwin, a biologist and wildlife conservationist, has more.
One-third of Florida properties at risk of severe flooding, but some residents unaware
Florida is one of 21 states with no requirements to disclose flood risks to home buyers, according to a nonprofit organization.
Canadian wildfires felt in Northeastern U.S.
Wildfires in Canada are creating dangerous air quality conditions in several states in the Northeastern U.S. The smoke has moved south over New England, New York and New Jersey and officials are warning it could cause breathing issues, especially for people with underlying respiratory conditions. Dr. Neelu Tummala joined CBS News to talk about the situation. She is the co-director of the Climate and Health Institute at George Washington University and an ear, nose and throat physician.
Crime
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45 bags with human remains found after 7 people go missing in Mexico
Authorities had been looking for seven young people who had been reported missing last week when they found the site.
Officer killed, another injured during hostage situation in Mississippi
The subject of the hostage situation is also dead.
Man arrested on murder charges was "looking forward" to killing again
When Raul Meza was arrested, police said he was carrying zip ties, a flashlight, duct tape and a .22 caliber pistol with extra rounds.
Cause of death revealed for convicted killer who escaped prison
Bradley Gillespie was imprisoned since 2016 and was convicted of a double homicide.
Danny Masterson found guilty of rape
"That '70s Show" star Danny Masterson is facing up to 30 years in prison after a Los Angles jury found him guilty of two counts of rape. Elise Preston reports.
Space
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Webb telescope discovers traces of water in atmosphere of exoplanet
Scientists first made a brightness map of the exoplanet, then a temperature map of the atmosphere.
NASA holds first public meeting on UFOs
NASA says it's received more than 800 reports of unidentified flying objects from around the world over the past 27 years, but only about 2-5% of them are actually mysteries. For the very first time, the space agency's team investigating UFOs held a public meeting, revealing the research it's doing to understand the unexplained objects. Nate Burleson reports.
What NASA's UFO hearing revealed
NASA on Wednesday held its first public meeting looking into UFOs -- known now as UAPs, or unidentified anomalous phenomena. A panel of experts came together to try and explain the mysterious sightings. CBS News space consultant Bill Harwood explains what investigators have discovered so far.
Webb telescope detects 6,000-mile plume blasting from Saturn's moon
Scientists say the plume may feed Saturn's water system at large, and studying it could provide key insights into potential life beyond Earth.
NASA UFO group stresses need for better data in first public meeting
The 16-member independent study group is set to release a report detailing the findings of its investigation later this summer.
Latest Galleries
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Summer music heats up 2023
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
N.J. woman survives a home invasion, brutal stabbing by a young stranger
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
Notable Deaths in 2023
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
How investigators solved murder of missing Florida woman
Vero Beach Police investigators focused on cellphone tower pings and surveillance footage cameras to catch a man who murdered his former girlfriend.
Lamar Johnson's 28-year fight for freedom
Lamar Johnson was convicted of Markus Boyd's murder in 1995. He always insisted he was innocent, but it would take almost three decades for a court to agree.
Latest Videos
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Latest Videos
The ChatGPT Revolution | CBS Reports
The artificial intelligence revolution has arrived. AI tools such as ChatGPT offer the power to transform fields like business, art, medical research and more. But this technology also brings ethical uncertainty and peril. CBS Reports explores the unleashing of this still rapidly evolving creation and some of the possible dangers.
Destruction from war on Ukraine revealed
The scale of the devastation unleashed on Ukraine since Russia launched its full-scale invasion has been vividly captured in satellite images from Google Earth's public website.
Student loan payments and the debt limit bill
The debt ceiling bill being debated in the Senate guarantees the end of the student loan repayment pause that's been in place since the early days of the pandemic. CBS News reporter Sarah Ewall-Wice has more.
DACA program faces cancellation in hearing
A judge in Texas is hearing oral arguments over whether the Deferred Action for Childhood Arrivals program, also known as DACA, is legal. The Obama-era policy allows qualified applicants who were brought to the U.S. as children to apply for renewable work permits and a temporary pardon from deportation. CBS News reporter Camilo Montoya-Galvez has more.
GOP 2024 field looks to eat into Trump's lead
Former President Donald Trump is campaigning in Iowa Thursday where Florida Gov. Ron DeSantis made multiple stops Wednesday. CBS News senior White House and political correspondent Ed O'Keefe has more on how DeSantis and other GOP presidential candidates are looking to close the gap with Trump.