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.
King Charles addressed Congress in a roughly 30-minute speech, speaking about the "truly unique" relationship between the U.K. and the U.S.
Former FBI Director James Comey is again facing federal charges after the government's previous case against him was dismissed.
Oil prices continue rising as the Trump administration unenthusiastically mulls an Iranian offer to reopen the Strait of Hormuz but delay nuclear talks.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
A federal appeals court rejected the Trump administration's policy of making immigrants subject to mandatory ICE detention without bond, including those who have lived in the U.S. for years.
A witness says the doors to the ballroom where the White House Correspondents' Dinner was held were "wide open" when a gunman rushed toward the event.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
A federal appeals court rejected the Trump administration's policy of making immigrants subject to mandatory ICE detention without bond, including those who have lived in the U.S. for years.
A U.S. soldier pleaded not guilty to charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000.
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
The regulatory agency issued the order after President Trump and first lady Melania Trump urged ABC to fire late-night host Jimmy Kimmel.
American Airlines is imposing new rules on portable chargers that passengers can bring on flights. Here's what to know.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
The Trump administration is subjecting broad categories of immigrants applying for green cards and citizenship to enhanced FBI checks, and is pausing some cases while those changes are implemented, according to documents obtained by CBS News.
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
The settlement ends a case where the Minnesota Supreme Court found USA Powerlifting violated the state's Human Rights Act by barring JayCee Cooper from competition.
Saying he felt the "weight of history" on his shoulders, King Charles became the first British monarch in 35 years to address Congress on Tuesday.
The State Department is planning a limited-edition redesign of the American passport with new artwork that features a portrait of President Trump, according to a department official.
A new approach to suicide prevention shifts the focus from stopping harm in moments of crisis to upstream policies that give people reasons to live.
A $50 billion federal fund is supposed to modernize rural healthcare. But community clinics and advocates fear that the contractors administering the money for states will bite off a big chunk before it reaches patients.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
President Trump has warned that Cuba is "next" after he's launched military operations against Venezuela and Iran.
Saying he felt the "weight of history" on his shoulders, King Charles became the first British monarch in 35 years to address Congress on Tuesday.
Britain's ambassador, in February remarks reported by the Financial Times, also called the lack of fallout from the Jeffrey Epstein scandal in the U.S. "extraordinary."
The unidentified ship is believed to have been built in the late 1500s, which would make it older than Sweden's iconic 17th century warship "Vasa."
Anant Ambani, the son of tycoon Mukesh Ambani, said he formally requested the Colombian government to stay a decision to kill the animals.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
"Tracker" star Justin Hartley reveals how he feels about the upcoming finale of the third season of the show. He also discusses his wife making appearances in the series and the best advice he's received in the industry.
President Trump and first lady Melania Trump are demanding that late-night host Jimmy Kimmel be fired over remarks he made before the White House Correspondents' Dinner. Nancy Cordes reports.
First lady Melania Trump said that jokes Jimmy Kimmel made on his show days before the White House Correspondents' Dinner were "hateful and violent rhetoric."
Eve Plumb starred as middle child Jan Brady on the classic sitcom "The Brady Bunch." While reflecting on her career, she told "CBS Mornings" the beloved show "put me where I am today." Plumb also addressed "The Brady Bunch" not being an instant hit and why one of her iconic lines bothered her, which she discusses in her new memoir.
Opening statements began on Tuesday in Tesla CEO Elon Musk's lawsuit against OpenAI co-founder Sam Altman. Maxwell Zeff, senior writer at Wired, joins with more.
Jury selection began Monday in the legal battle between tech leaders Elon Musk and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent has the latest.
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.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
A U.S. soldier pleaded not guilty to charges that he used classified information about the mission to capture former Venezuelan leader Nicolás Maduro to win more than $400,000.
Federal agents exercised search warrants at about 20 daycare centers for suspected fraud Tuesday morning, multiple officials confirmed to CBS News.
Federal prosecutors charged 34 defendants across two indictments, alleging sports betting and mafia-linked rigged poker games.
Instances of political violence in the U.S. are on the rise. Kevin Boyle, a professor at Northwestern University, joins CBS News with more.
Federal agents executed search warrants at about 20 childcare centers in Minneapolis over allegations of fraud, officials told CBS News on Tuesday. Nicole Sganga has the latest.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
The man accused of opening fire at the White House Correspondents' Dinner on Saturday evening is set to return to court on Thursday. Timothy Reboulet, a retired Secret Service agent, joins "The Takeout" to examine the security response to the incident.
King Charles III addressed a joint meeting of Congress on Tuesday, becoming only the second British monarch to do so. CBS News royal contributor Amanda Foreman joins with analysis.
One day after President Trump called on ABC to fire late-night host Jimmy Kimmel, the FCC said it will begin reviewing eight broadcasting licenses owned or managed by Disney due to the company's diversity policies. CBS News senior White House and political correspondent Ed O'Keefe has the latest.
The Justice Department held a news briefing on Tuesday after a grand jury indicted former FBI Director James Comey over a 2025 Instagram post that the government argues was a willful threat to kill President Trump.
The White House is preparing to host a state dinner on Tuesday night for King Charles III and Queen Camilla. White House historian and first lady expert Jennifer Pickens explains what goes into planning the event.