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.
Watch CBS News
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.
"When we gaslight and contradict what the public can plainly see with their own eyes, we lose all credibility," one DHS official said.
Federal agents shot and killed a Minnesota ICU nurse in south Minneapolis on Saturday.
Bystander videos verified by CBS News show the scene from multiple angles before and during the fatal shooting of 37-year-old Alex Pretti in Minneapolis.
A private aircraft carrying eight people crashed on takeoff Sunday night at Maine's Bangor International Airport, the Federal Aviation Administration said.
Gov. Tim Walz says that he and President Trump shared a phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota following the second fatal shooting of a resident by federal agents.
Federal agents shot and killed a 37-year-old man in Minneapolis on Saturday morning, less than three weeks after an ICE agent fatally shot Renee Good and amid an ongoing surge in immigration enforcement action across the city.
The USS Abraham Lincoln aircraft carrier strike group has crossed into Central Command, the Middle East region that includes Iran, a U.S. official told CBS News.
Israel's military says the remains of Ran Gvili, the last person whose body was taken hostage into Gaza, have been recovered.
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
This weekend's snowstorm could prove to be lucrative for some online bettors.
Years after an Atlanta-area teacher helped a student seek help for his depression, the two reunite as he helps to make a difference in others' lives.
Gov. Tim Walz says that he and President Trump shared a phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota following the second fatal shooting of a resident by federal agents.
This weekend's snowstorm could prove to be lucrative for some online bettors.
Class-action lawsuit alleged that Google's voice assistant illegally recorded and shared private conversations with advertisers.
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
Apple users report receiving about $8 per eligible device from the settlement, based on the amount landing in their accounts.
Gov. Tim Walz says that he and President Trump shared a phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota following the second fatal shooting of a resident by federal agents.
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
"When we gaslight and contradict what the public can plainly see with their own eyes, we lose all credibility," one DHS official said.
Senate Democrats came out against a funding package in the wake of the deadly shooting of a Minneapolis man by federal agents, with just days until the deadline to fund the government.
The decision to place HSI in the lead investigative role is unusual and has raised questions among current and former federal law enforcement officials.
Cardiologists say shoveling snow can increase a person's risk of experiencing a heart attack.
Cassandra King was thrilled to be pregnant after years of fertility struggles and multiple miscarriages. Then a sudden cardiac event threatened everything.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
Jay Vine was knocked from his bike when two large kangaroos bounced onto the road on a high speed section.
Israel's military says the remains of Ran Gvili, the last person whose body was taken hostage into Gaza, have been recovered.
Lightning struck near a rally of supporters of Brazil's former far-right president Jair Bolsonaro in Brasilia, injuring 89 people, according to the fire department.
The USS Abraham Lincoln aircraft carrier strike group has crossed into Central Command, the Middle East region that includes Iran.
In a full-page ad in the Wall Street Journal, Ye, the artist formerly known as Kanye West, revealed that the right frontal lobe of his brain was injured in a car accident 25 years ago.
After more than 40 years, the Sundance Film Festival is leaving its longtime host of Park City, Utah, and heading to Boulder, Colorado. Sarah Horbacewicz reports.
As the face of Revlon, Lauren Hutton – called a "believable beauty" – became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks about her adventurous life of no regrets.
She didn't set out to be a model, or an actress, and several agencies rejected the gap-toothed Lauren Hutton, before Eileen Ford gave her a shot. As the face of Revlon, Hutton became the highest-paid model in history, and still holds the record for most cover appearances on American Vogue. She talks with Anthony Mason about her adventurous life of no regrets – from living among the bushmen of the Kalahari, to a near-fatal motorcycle accident in 2000. Even of the low points she says, "I'd do it again in a second."
"Sunday Morning" remembers some of the notable figures who left us this week, including the iconic Italian fashion designer Valentino Garavani.
Class-action lawsuit alleged that Google's voice assistant illegally recorded and shared private conversations with advertisers.
As the European Union announces an investigation, the Grok chatbot tells CBS News, "Yes, tools like me should face meaningful regulation."
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.
Microsoft services were down for thousands of users, according to tracking service Downdetector.
Snapchat's parent company, Snap Inc., settled a lawsuit surrounding allegations of social media addiction burdening users. CBS News' Shanelle Kaul reports.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"Sunday Morning" looks back at historical events on this date.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Gov. Tim Walz says that he and President Trump shared a phone call Monday morning, during which he says the president agreed to consider a reduction of federal immigration enforcement forces in Minnesota following the second fatal shooting of a resident by federal agents.
Police were assisted by the navy and air force, as well as the U.K. and U..S authorities, in difficult weather conditions.
Homeland Secretary Kristi Noem claimed Alex Pretti attacked Border Patrol officers before he was fatally shot in Minneapolis, Minnesota. This comes as more Trump administration officials react to the incident. CBS News' Lana Zak and Natalie Brand report.
Political strategists Kristian Ramos and Rina Shah join CBS News with their reactions to Border Patrol killing Alex Pretti in Minneapolis, Minnesota.
The federal government's accounts of the most recent shooting in Minneapolis, Minnesota, involving immigration officials, appear to clash with evidence emerging. CBS News' Lana Zak has more.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
Virgin Galactic is sending an all-female research team to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
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.
Federal judges are hearing arguments Monday on two separate cases over the immigration crackdown in Minnesota. CBS News' Lana Zak has the latest.
White House press secretary Karoline Leavitt answered questions Monday about Saturday's deadly Border Patrol shooting of Alex Pretti in Minneapolis. CBS News' Willie James Inman and Anna Schecter have more.
Minnesota Gov. Tim Walz says President Trump agreed to consider reducing federal immigration enforcement forces in Minnesota during a phone call on Monday morning. CBS News correspondent Lana Zak has the latest.
Gil Kerlikowske, a former U.S. Customs and Border Patrol commissioner, said it's unprecedented for the federal government to exclude state and local officials from the investigation into Saturday's deadly shooting of Alex Pretti in Minneapolis. "It's wise to be very skeptical of what's going on," Kerlikowske said.
Seven people died, and one person was seriously injured, in a private jet crash on Sunday night in Bangor, Maine, the Federal Aviation Administration said. CBS News' Shanelle Kaul has more details.