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.
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SEC Chair Gary Gensler says regulators will examine controversial fees key to the trading app's business.
Video game retailer lost $700 million during George Sherman's time as CEO. Now he's departing with a mammoth payday.
Chewy founder Ryan Cohen, a major investor in GameStop, is pushing the old-school game store to reinvent itself.
Video game seller's shares are up nearly 900% this year even as the company continues to lose money.
Experts say the new bash bug could can compromise computers using Linux and Mac OS X operating systems. Also, Game Stop is hiring about 25,000 seasonal employees for the holidays. Jill Wagner reports on the day's top MoneyWatch headlines.
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.
The "meme stock" is surging again, reprising last month's dizzying rally in the videogame seller's shares.
In sometimes pointed questioning, lawmakers pressed brokerage chief on whether his company puts its customers at risk.
Online brokerage executive is expected to face questioning about why he restricted trading in high-flying stocks.
Video game seller has lost $32 billion in market value since Reddit group WallStreetBets sent its share into orbit.
GameStop's wild ride on Wall Street hit a wall when popular app Robinhood and other online trading apps restricted trades on the stock.
Stock-trading app lets customers "buy on margin" to amp up potential returns. Some investors are paying the price.
Video game retailer has lost more than $30 billion in market value after a stock frenzy driven by Reddit board.
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 personality and YouTuber is still up on his investment, but much less than a week ago when he shot to fame.
Investing app Robinhood recently found itself embroiled in controversy this past week when it moved to restrict trading of shares of several companies like GameStop and AMC. The move resulted in intense backlash from users. New York Times finance and technology reporter Nathaniel Popper joins CBSN's Elaine Quijano to discuss.
Moderators of Reddit's WallStreetBets forum say they're seeing a large amount of stock-recommendation content being posted by bots. MoneyWatch senior reporter Stephen Gandel joins CBSN AM to break down the latest information on the forum, which caused a stir as members bought Gamestop stock, driving the price up.
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
GameStop's stock price soared to $325 a share on Friday, capping off a tumultuous week on Wall Street. Despite the video game retailer's success, the overall market sank and ended the week in the red. CEO and founder of Tusk Ventures, Bradley Tusk, joined CBSN to discuss the impact the battle between amateur traders and hedge fund investors will have on the future of the stock market.
Brokerage has angered investors who claim they were unfairly blocked from trading GameStop and other hot stocks.
Stocks sank Friday as a result of the Game Stop frenzy. CBS News correspondent Vladimir Duthiers explains why, and Katie Stockton, founder and managing partner of Fairfield Strategies, joins CBSN to discuss.
Gamestop's stocks are surging once again after the stock-trading app Robinhood reversed its decision and allowed limited trading to resume. It's the latest twist in the ongoing battle between small-scale amateur traders and hedge fund investors. Andrew Smith, chief investment strategist at Delos Capital Advisors, joins CBSN to discuss the impact.
Popular trading app Robinhood is allowing limited trading Friday morning of GameStop stock. This comes one day after it banned the company's stock from its platform, citing extraordinary market conditions. Vladimir Duthiers reports.
Popular trading app Robinhood is now allowing retail investors to buy shares of GameStop stocks, but only in limited quantities. CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss the showdown between Wall Street and home traders.
This week's GameStop frenzy on Wall Street drew Stewart to chime in on Twitter.
President Trump said that "heavy and pinpoint bombing" of Iran would "continue, uninterrupted throughout the week or, as long as necessary."
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
"We're probably looking at weeks, not days, of joint efforts by the United States, Israel and our Arab partners, who have also been attacked this morning," Sen. Tom Cotton told CBS News on Saturday.
A map created by the CBS News data team shows the strike locations across Iran, including the capital and the site of a major nuclear facility.
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
U.S. allies and adversaries responded to the joint attacks by the U.S. and Israel on Iran with concern over the risks of a new war in the Middle East.
Mexico's attorney general's office said it performed genetic tests to match the cartel leader's remains to the family.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Hours before Anthropic CEO Dario Amodei's interview, Defense Secretary Pete Hegseth deemed the AI company a "supply chain risk to national security," which restricts military contractors from doing business with Anthropic.
For Buddy Wiggins of Honolulu, Hawaii, the end result of a yearslong sports gambling addiction has come to this: soliciting strangers on the beach.
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a supply chain risk on Friday, following days of increasingly heated public conflict with the AI company.
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
In his new memoir, the former CEO of Goldman Sachs writes about a life that stretched from the projects of New York City to the pinnacle of Wall Street.
"If somebody charges you something and it's unlawful, they should give you your money back," Dame CEO Alexandra Fine said.
"We're probably looking at weeks, not days, of joint efforts by the United States, Israel and our Arab partners, who have also been attacked this morning," Sen. Tom Cotton told CBS News on Saturday.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
Anthropic CEO Dario Amodei sat down with CBS News for an exclusive interview Friday, hours after Defense Secretary Pete Hegseth declared the company a supply chain risk to national security.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
More than three dozen states cover dental services for people on Medicaid, but with about $900 billion in cuts expected to hit states over the next decade, many programs could roll back dental coverage.
Chaz and Jean Franklin were facing a sevenfold increase in their health premium payments with the expiration of enhanced federal subsidies for Affordable Care Act plans. Then Jean received a crushing diagnosis.
A British gym chain is offering classes in "kidulting," luring adults into fitness with classes built around playground and PE class classics.
The president said the strikes have put immense pressure on Iran, and he believes the U.S.-Israeli military action can lead to an eventual diplomatic solution.
Mexico's attorney general's office said it performed genetic tests to match the cartel leader's remains to the family.
"We're probably looking at weeks, not days, of joint efforts by the United States, Israel and our Arab partners, who have also been attacked this morning," Sen. Tom Cotton told CBS News on Saturday.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
A map created by the CBS News data team shows the strike locations across Iran, including the capital and the site of a major nuclear facility.
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
Oscar-nominated actress Renate Reinsve sits down with "CBS Saturday Morning" to discuss her journey to the mainstage and her nomination for her role in "Sentimental Value."
Misty Heggness, an economist and professor, joins "CBS Saturday Morning" to discuss her new book "Swiftynomics: How Women Mastermind and Redefine Our Economy."
Iron & Wine is the long-running and widely acclaimed project of American singer-songwriter Sam Beam. The five-time Grammy nominee's eighth full-length album "Hen's Teeth" is out now and features collaborations with the folk trio "I'm With Her" and backing vocals from his daughter Arden. Here's Iron & Wine performing "Singing Saw."
Iron & Wine is the long-running and widely acclaimed project of American singer-songwriter Sam Beam. The five-time Grammy nominee's eighth full-length album "Hen's Teeth" is out now and features collaborations with the folk trio "I'm With Her" and backing vocals from his daughter Arden. Here's Iron & Wine performing "Roses."
After the Trump administration cut it off, Anthropic CEO Dario Amodei told CBS News in an exclusive interview Friday night he wants to work with the military — but only if it addresses the firm's concerns.
In an exclusive interview with CBS News, Anthropic CEO Dario Amodei said that the Pentagon's decision to designate the AI company a supply chain risk is "retaliatory and punitive." The Pentagon made the designation, which restricts military contractors from doing business with Anthropic, after the company refused to give the military unfettered access to its AI model.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Anthropic CEO Dario Amodei sat down with CBS News for an exclusive interview, hours after Defense Secretary Pete Hegseth declared the company a supply chain risk to national security, which restricts military contractors from doing business with the AI giant. Amodei called the move "retaliatory and punitive," and he said Anthropic sought to draw "red lines" in the government's use of its technology because "we believe that crossing those lines is contrary to American values, and we wanted to stand up for American values."
Anthropic CEO Dario Amodei said in an exclusive interview with CBS News that the AI company sought to draw "red lines" in the government's use of its technology because "we believe that crossing those lines is contrary to American values, and we wanted to stand up for American values." He added: "Disagreeing with the government is the most American thing in the world."
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
Mexico's attorney general's office said it performed genetic tests to match the cartel leader's remains to the family.
Shia LaBeouf, who was charged with battery after police say he punched several people outside a New Orleans bar earlier this month, was arrested again on Saturday.
Former President Bill Clinton is being deposed by members of the House Oversight Committee over his alleged links to Jeffrey Epstein. CBS News' Nikole Killion reports.
Columbia University acting president Claire Shipman described the ICE detention of student Elmina "Ellie" Aghayeva, claiming agents gained entry to a residential building by stating they were police seeking a missing child. CBS News' Tom Hanson reports.
Former President Bill Clinton is up next for a deposition before members of the House Oversight Committee regarding his alleged links to convicted sex offender Jeffrey Epstein. CBS News' Nikole Killion reports.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Iranian Supreme Leader Ayatollah Ali Khamenei was killed in strikes by the U.S. and Israel on Saturday. CBS News contributor Masih Alinejad, who has survived three plots by Iran's regime to kill or kidnap her, discusses the crippling of the Iranian regime.
Some Americans are concerned about how attacks on Iran could impact the economy. CBS News' Jericka Duncan discusses the potential impact.
CBS News national security contributor Sam Vinograd, who served as assistant secretary for counterterrorism for the Department of Homeland Security, discusses how the U.S. is working to share intelligence and counter any domestic attacks.
With the U.S. and Israel launching an armed conflict with Iran, Saturday could mark one of the most consequential days for the Middle East in generations. Analyst and author Douglas Murray and CBS News' Major Garrett break it all down.
Rep. Rick Crawford of Arkansas, an Army veteran and chair of the House Intelligence Committee, joins "CBS Evening News" to discuss why the U.S. and Israel launched attacks on Iran at this time, ahead of planned nuclear talks.