GameStop, Reddit and the Battle of Wall Street
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
Corporate executives reap millions from Reddit stock frenzy
Stock sales by GameStop and BlackBerry insiders raise questions about their comp. "It's pay for luck," one expert said.
Reddit posters make millions on GameStop's wild stock ride
Reddit board Wallstreetbets seems to have driven a near-2,000% rise in the stock price of troubled video game retailer.
Robinhood restricts trading in GameStop, drawing criticism from lawmakers
The decision has sparked fierce backlash from users and lawmakers.
Reddit users drive up value of GameStop stock
Thanks to a group on Reddit with millions of followers, individual investors have sent the value of GameStop's stock soaring this week, shocking Wall Street investors who bet big on the retailer's decline. The Securities and Exchange Commission and the White House both said they are monitoring the situation. CBS MoneyWatch's Stephen Gandel and CBSN technology reporter Dan Patterson join CBSN AM to break down what this all means.
GameStop vs. Wall Street
Small investors using a Reddit forum appear to have driven the stock of the struggling retail chain GameStop up nearly 800% and it's causing some major financial losses for seasoned Wall Street investors. Vladimir Duthiers has the details. CBS News business analyst Jill Schlesinger also joins "CBS This Morning" to discuss.
GameStop stock soars with help from online traders
Individual investors, fueled by social media posts, bought up GameStop stock, artificially inflating the price. The move caused Wall Street firms to take a hit. Manuel Bojorquez has more.
GameStop 300% stock rise reveals Wall Street battle royale
Investors in popular Reddit group push retailer's stock and are accused of threatening those betting against it.
Reddit bans "The_Donald" forum, citing hate speech
The popular subreddit was shut down because it continuously violated its hate speech policy.
Reddit bans pro-Trump community "The Donald"
Reddit banned "The_Donald," a pro-Trump forum with over 790,000 users during a hate speech crackdown in which it took down several groups that it says violated the site's rules of conduct. The site says the group violated its policies by allowing people to target and harass others.
Reddit co-founder on plans to fight racism
Reddit co-founder Alexis Ohanian, who is married to tennis superstar Serena Williams, resigned from his company's board on Friday. He told "CBS This Morning" co-host Gayle King he did it because he wanted his 2-year-old daughter, Olympia, "to be proud of her father."
Alexis Ohanian on "education" from wife Serena Williams
Ohanian said he made the decision to resign from Reddit's Board of Directors for his and Williams' 2-year-old daughter
Alexis Ohanian resigns from Reddit board, donates $1M
"I'm saying this as a father who needs to be able to answer his black daughter when she asks, 'What did you do?'," the Reddit co-founder said.
Grumpy Cat dies at age 7
Grumpy Cat, the famous feline whose signature frown is used in memes everywhere, has died at the age of 7. The cat, whose real name is Tardar Sauce, became an internet sensation after her photo went viral on Reddit in 2012.
Alexis Ohanian on congressional tech hearings
Reddit co-founder and venture capitalist Alexis Ohanian says "we've waited too long" to have conversations about technology that's already used widely in our society. He spoke with CBSN about the upcoming congressional hearings that are meant to explore possible antitrust violations by Facebook, Google, Amazon, and Apple.
"Anonymous" answers questions on Reddit
The anonymous author who wrote a book and op-ed allegedly documenting the inner workings of the White House said Tuesday on Reddit that he or she plans to reveal their identity at some point. Anonymous -- who has so far been identified only as "a senior official in the Trump administration" -- pledged that "Donald Trump has not heard the last of me."
Dangers of the QAnon conspiracy theories
American conspiracy theories are entering a dangerous new phase, according to a new piece from The Atlantic. It delves into the dangers that could lie ahead if we dismiss conspiracy theories, like that of the pro-Trump QAnon. Adrienne LaFrance, executive editor of The Atlantic, wrote the story and joined CBSN to discuss.
Woman receives Secret Santa gifts from Bill Gates
Among the gifts she received was a donation to the American Heart Association in memory of her mother, who died earlier this year.
"Anonymous" op-ed author pledges to reveal identity
"As far as anonymity is concerned, I will not keep my identity shrouded in secrecy forever," the author wrote.
Blizzard bans video game star after he supports Hong Kong protests
U.S. video game maker seizes player's Hearthstone Grandmasters winnings, saying he broke the company's rules
Keanu Reeves keeps hands off women in photos
Fans on social media have crowned Reeves as "The Respectful King"
Alexis Ohanian's note to his younger self: "Trust your instincts"
Tech entrepreneur and Reddit co-founder looks back on his life, from losing his mom at a young age to building a family with Serena Williams
Why Alexis Ohanian wants nationwide family leave
The U.S. is the only developed nation without paid family leave. The co-founder of Reddit tells CBS News why he wants to change that.
Elderly man sends heartfelt thank-you note for VHS player
In the letter, the 86-year-old writes about seeing the tape of his wedding and "all the family and friends, many of which are no longer around"
Reddit raises $300 million in finance round led by China's Tencent
The investment, which values the social media service at $3 billion, comes as Reddit is blocked in China
Live
Iran attacks ships in Strait of Hormuz after Trump extends ceasefire
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Virginia voters approve new congressional map favoring Democrats, CBS News projects
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
Exclusive
Parents of slain Loyola student Sheridan Gorman say it was "a preventable murder"
The parents of Sheridan Gorman, an 18-year-old Loyola University Chicago freshman who was fatally shot last month, are speaking publicly for the first time.
DOJ charges Southern Poverty Law Center with fraud
A federal grand jury indicted the Southern Poverty Law Center on wire and bank fraud-related charges on Tuesday, the Justice Department says, accusing it of paying members of extremist groups as part of its efforts to investigate them.
1 of 6 missing crew found dead after typhoon flipped U.S.-flagged ship
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
At least 2 ships attacked in Strait of Hormuz as peace talks remain stalled
A gun boat from Iran's Revolutionary Guard Corps fired on a container ship in the contested waterway before a cargo ship came under fire in a separate attack, the British military says.
Lawmakers demand answers at hearing on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
Court upholds Texas law requiring Ten Commandments in classrooms
Appeals court upholds Texas' Ten Commandments classroom law, but critics say the fight isn't over.
Operation Metro Surge drained $610 million from Minnesota's economy, filing says
State and local agencies say they were forced to spend big and fast without any warning.
U.S.
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Trump Media replaces CEO Devin Nunes as its losses top $1 billion
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Condom maker warns prices may rise due to Iran war supply disruptions
Karex, which calls itself the "world's largest condom maker," could hike the company's prices by 20% to 30%, its CEO told Reuters.
Man charged for having gun used by Louisiana shooter says it was stolen
The assault-style rifle used to kill eight children in a Louisiana mass shooting was stolen from a truck, the gun's previous owner said.
Exclusive
Parents of slain Loyola student Sheridan Gorman say it was "a preventable murder"
The parents of Sheridan Gorman, an 18-year-old Loyola University Chicago freshman who was fatally shot last month, are speaking publicly for the first time.
1 of 6 missing crew found dead after typhoon flipped U.S.-flagged ship
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
MoneyWatch
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Trump Media replaces CEO Devin Nunes as its losses top $1 billion
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Condom maker warns prices may rise due to Iran war supply disruptions
Karex, which calls itself the "world's largest condom maker," could hike the company's prices by 20% to 30%, its CEO told Reuters.
It's not just gasoline. Iran war could drive prices higher for many products.
The U.S.-Iran war isn't just driving prices higher for gasoline. Petrochemicals derived from oil and natural gas go into making more than 6,000 consumer products, the Department of Energy says.
Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Meta failed to protect social media users from scam ads, lawsuit alleges
The Consumer Federation of America accused Meta of allowing scam advertisements to "proliferate on its platforms."
Politics
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Operation Metro Surge drained $610 million from Minnesota's economy, filing says
State and local agencies say they were forced to spend big and fast without any warning.
Virginia voters approve new congressional map favoring Democrats, CBS News projects
Virginia voters on Tuesday approved a new congressional map that would give Democrats an advantage in 10 House districts, leaving just one safe Republican seat, CBS News projects.
Duffy on AI replacing air traffic controllers: "That's not gonna happen"
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
Contract reveals fundraising deal for Trump's East Wing overhaul
The agreement, which was signed this fall, ensures donor anonymity, establishes a fee structure and institutes a ban on foreign contributions.
Lawmakers demand answers at hearing on hospice fraud
Congress asks experts, advocates and victims how to combat hospice fraud, after a CBS News investigation uncovered widespread signs of potential fraud in California.
HealthWatch
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Medigap premiums leap, and consumers have few alternatives
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Food stamp work rules don't increase employment, researchers say
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
New CDC pick may face "threat to follow ideology over evidence," ex-official says
Former Trump Surgeon General Dr. Jerome Adams described Dr. Erica Schwartz as a "home run pick."
Trump signs executive order to research psychedelics for mental health
The order will open the door for more research into psychedelic drugs, including ibogaine, sources told CBS News earlier this week.
Mom's labor turns into fight for life after 1 symptom: "I think I'm about to die"
Casey Gould wanted to be a mom her whole life. Her long-awaited pregnancy went smoothly — until she saw something alarming.
World
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1 of 6 missing crew found dead after typhoon flipped U.S.-flagged ship
The crew of the Mariana notified the U.S. Coast Guard on April 15 that the 145-foot vessel lost its starboard engine during Super Typhoon Sinlaku.
Live
Iran attacks ships in Strait of Hormuz after Trump extends ceasefire
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
At least 2 ships attacked in Strait of Hormuz as peace talks remain stalled
A gun boat from Iran's Revolutionary Guard Corps fired on a container ship in the contested waterway before a cargo ship came under fire in a separate attack, the British military says.
Trump says U.K.'s Starmer can "recover" as Epstein scandal hits him again
Trump says British leader Keir Starmer has "time to recover" from the latest scandal over his decision to tap an Epstein associate as his U.S. ambassador.
Entertainment
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Entertainment
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.
Vinyl record sales continue resurgence
New data shows interest in vinyl records is only getting stronger, with social media and and special releases from artists like Taylor Swift helping drive the trend. Jarred Hill has more.
Opening statements in Weinstein rape retrial
Opening statements have concluded in Harvey Weinstein's New York rape retrial. CBS News' Jericka Duncan has more.
D4vd charged with murder in14-year-old's death
Singer D4vd appeared in court Monday, hours after prosecutors announced he would be charged with first-degree murder in the death of 14-year-old Celeste Rivas Hernandez. Matt Gutman reports.
Details on charges against D4vd in teen's death
Los Angeles prosecutors on Monday charged singer D4vd in the murder of a 14-year-old girl whose dismembered body was found in his car last year. CBS News chief correspondent Matt Gutman has the details.
Technology
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Trump Media replaces CEO Devin Nunes as its losses top $1 billion
The company behind Truth Social has lost more than $1 billion since going public two years ago, while its shares have tumbled 58% during the past 12 months.
Duffy on AI replacing air traffic controllers: "That's not gonna happen"
"Am I gonna replace a controller and have AI manage the airspace? The answer to that is hell no, that's not gonna happen," Transportation Secretary Sean Duffy told CBS News.
How AI powered robots are helping small farms
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.
John Ternus to become Apple CEO
Tim Cook announced he would be stepping down as Apple CEO on Monday. Jo Ling Kent reports on John Ternus, the mechanical engineer preparing to take the wheel.
Where does Apple go after Tim Cook?
Apple CEO Tim Cook will step down in September after 15 years at the helm of the company. CBS Sunday Morning correspondent David Pogue joins to discuss Cook's legacy and where Apple's future could lead.
Science
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Salmon exposed to cocaine swim almost twice as far, study shows
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Cementing a more sustainable alternative to concrete
The process of making 30 billion tons of concrete every year produces more carbon pollution than all the world's ships and planes put together. Now, the North Carolina and Denmark-based Biomason is using biotechnology, including naturally-occurring microbes, to create "biocement" that's just as sturdy but emits much less CO2. David Pogue reports.
Breeding a better bread
Over the past century, the cultivation and processing of wheat has led to strains of grain that are less nutritious, less flavorful, and more vulnerable to climate change. The researchers at Breadlab, at Washington State University, are trying to breed varieties of whole grains that are better for farmers, consumers – and taste buds. David Pogue reports.
Using the ocean to power data centers
The renewable energy company Panthalassa says it has a solution to the proliferation of AI data centers, which consume massive amounts of energy and are the cause of increased carbon pollution: sea-based data centers, powered by wave energy.
Crime
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Crime
Car crashes into Philadelphia police station
Surveillance video shows the moment a car came crashing through a police station in Philadelphia. Five people were taken to the hospital and police say they believe the incident was intentional. Shanelle Kaul reports.
OpenAI, ChatGPT under investigation
OpenAI and ChatGPT are under investigation by Florida officials after a deadly shooting last year at Florida State University. Prosecutors allege the AI bot offered "significant advice" to the suspect just days before the shooting. OpenAI says its chatbot is not responsible. Jo Ling Kent reports.
Man charged for having gun used by Louisiana shooter says it was stolen
The assault-style rifle used to kill eight children in a Louisiana mass shooting was stolen from a truck, the gun's previous owner said.
DOJ charges Southern Poverty Law Center with fraud
The Justice Department on Tuesday announced fraud charges against the Southern Poverty Law Center over its nonprofit investigations into extremist groups. CBS News justice reporter Jake Rosen has the details.
New details about Mexican pyramid shooting
Mexican authorities say a gunman atop the Pyramid of the Moon, one of Mexico's most popular archaeological sites, shot at tourists and taunted first responders on Monday. CBS News chief correspondent Matt Gutman reports on the new details.
Space
More Space
Mars rover carries out chemistry experiment never done beyond Earth
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
Blue Origin New Glenn rocket puts satellite payload into wrong orbit
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.
Artemis II crew on historic moon mission and what it means for Earth
"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.
Artemis II astronauts still awed by moonshot experience: "It was otherworldly"
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.
"God of chaos" asteroid will pass close to Earth in 3 years, NASA says
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Iran targets ships in the Strait of Hormuz
Tensions are mounting in the Strait of Hormuz as questions linger about diplomacy to end the war with Iran. CBS News' Ramy Inocencio and Aaron Navarro report. Also, Eric Lob, an associate professor of politics and international relations at Florida International University, joins with more insight.
Where to get the latest CBS Mornings Deals
On this edition of CBS Mornings Deals, we show you items that might just become essentials in your everyday life. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Iran tensions grow as U.S. talks stall
The timing for more talks between the U.S. and Iran is not clear, but American troops continue to build up in the Middle East as fears of more violence grow. CBS News' Nancy Cordes and Michael George report.
Impact of GLP-1 drugs on diet culture
Outspoken body acceptance advocate Katie Sturino, who is the founder of Megababe Beauty, explains why it was a difficult decision for her to start taking weight loss drugs. She's joined by psychiatrist Dr. Sue Varma who breaks down what people should do before taking a GLP-1 and the impact of societal pressure.
Donnie Wahlberg talks "Boston Blue" success
Donnie Wahlberg talks about starring in the series "Boston Blue" and the emotional moments he shared with the cast members when he revealed the show was being renewed for a second season. He also discusses if his wife, Jenny McCarthy, could make an appearance on the show.