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
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Trump says "settlement" reached on Iran, signing could happen this weekend
President Trump said earlier Thursday he called off new military strikes on Iran, hours after threatening to escalate the war.
Markings that appear to show "86 47" seen on National Mall
A photographer from the Reuters news outlet saw the apparent "86 47" markings from atop the Washington Monument.
Exclusive
Relative of suspect in Anna Kepner's killing calls for her parents to face charges
Timothy Hudson, 16, is accused of sexually assaulting and killing Anna Kepner, his 18-year-old stepsister, while the family was on a cruise.
U.S.-Iran memo of understanding likely to be signed next week, sources say
The signing of the memorandum or letter of intent would kick off 60 days of talks to negotiate details of an enduring U.S.-Iran agreement.
Inmate's nitrogen gas execution tonight hinges on last-minute appeal
The Alabama Attorney General's Office petitioned the Supreme Court to reverse a federal judge's decision to permanently ban the state from putting Jeffrey Lee to death using nitrogen hypoxia.
Karmelo Anthony's family says "nobody wins" after murder verdict
Karmelo Anthony's mother Kala Hayes told CBS News that her son "didn't mean to hurt anyone" and "was defending himself" when he stabbed another student, Austin Metcalf.
World Cup kicks off in Mexico with Shakira and a home team victory
The 2026 FIFA World Cup opening ceremony festivities got underway a little over an hour before the first kickoff in Mexico City's Estadio Azteca.
Trump taps prosecutor Jay Clayton as next director of national intelligence
Jay Clayton is currently the U.S. Attorney for the Southern District of New York.
Exclusive
U.S. monitoring Chinese activity in South China Sea around disputed shoal
Analysts are scrutinizing recent Chinese maritime operations near Scarborough Shoal, an uninhabited but strategically located atoll near the Philippine island of Luzon, U.S. officials said.
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She confided in ChatGPT the night of her suicide. Now, her mother is suing OpenAI.
A mother has filed a lawsuit against OpenAI, alleging the chatbot's design led to her daughter's suicide.
This week on "Sunday Morning" (June 14)
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
U.S.-Iran memo of understanding likely to be signed next week, sources say
The signing of the memorandum or letter of intent would kick off 60 days of talks to negotiate details of an enduring U.S.-Iran agreement.
Exclusive
Relative of suspect in Anna Kepner's killing calls for her parents to face charges
Timothy Hudson, 16, is accused of sexually assaulting and killing Anna Kepner, his 18-year-old stepsister, while the family was on a cruise.
Inmate's nitrogen gas execution tonight hinges on last-minute appeal
The Alabama Attorney General's Office petitioned the Supreme Court to reverse a federal judge's decision to permanently ban the state from putting Jeffrey Lee to death using nitrogen hypoxia.
MoneyWatch
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The World Cup will draw millions of fans, but economic payoff is modest
Although the five-week soccer tournament starting on Thursday is the largest sporting event ever, the U.S. economic gains are likely to be muted.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
GoPro under intense pressure from rising costs and competition
GoPro cameras have enabled the adventurous to record images of their experiences for nearly 25 years. But the company is under extreme pressure from intensifying competition, rising costs and more.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Politics
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U.S.-Iran memo of understanding likely to be signed next week, sources say
The signing of the memorandum or letter of intent would kick off 60 days of talks to negotiate details of an enduring U.S.-Iran agreement.
Inmate's nitrogen gas execution tonight hinges on last-minute appeal
The Alabama Attorney General's Office petitioned the Supreme Court to reverse a federal judge's decision to permanently ban the state from putting Jeffrey Lee to death using nitrogen hypoxia.
Markings that appear to show "86 47" seen on National Mall
A photographer from the Reuters news outlet saw the apparent "86 47" markings from atop the Washington Monument.
Trump taps prosecutor Jay Clayton as next director of national intelligence
Jay Clayton is currently the U.S. Attorney for the Southern District of New York.
Exclusive
U.S. monitoring Chinese activity in South China Sea around disputed shoal
Analysts are scrutinizing recent Chinese maritime operations near Scarborough Shoal, an uninhabited but strategically located atoll near the Philippine island of Luzon, U.S. officials said.
HealthWatch
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HealthWatch
FDA approves new sunscreen ingredient
The FDA approved a new ingredient for sunscreen that's been in use in Europe for years. Dr. Jon LaPook has more details.
New sunscreen option wins FDA approval after years of delay
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
World
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U.S.-Iran memo of understanding likely to be signed next week, sources say
The signing of the memorandum or letter of intent would kick off 60 days of talks to negotiate details of an enduring U.S.-Iran agreement.
World Cup kicks off in Mexico with Shakira and a home team victory
The 2026 FIFA World Cup opening ceremony festivities got underway a little over an hour before the first kickoff in Mexico City's Estadio Azteca.
Exclusive
U.S. monitoring Chinese activity in South China Sea around disputed shoal
Analysts are scrutinizing recent Chinese maritime operations near Scarborough Shoal, an uninhabited but strategically located atoll near the Philippine island of Luzon, U.S. officials said.
U.S. cruise passengers accused of assaulting police in Bahamas
Four police officers were injured, including one who was taken to the hospital, authorities said.
U.K. defense chief resigns, says military funding plan "falls well short"
U.K. Defense Secretary John Healey said the government's defense funding plan is not enough "at this dangerous time."
Entertainment
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Entertainment
KISS on Songwriters Hall of Fame induction
KISS' Paul Stanley says it's an honor to be inducted into the Songwriters Hall of Fame along with his band member Gene Simmons. "This is what the American dream is about," Simmons tells "CBS Mornings."
2026 FIFA World Cup kicks off with 3 opening ceremonies
With matches being played in 11 cities across the U.S., Mexico and Canada, fans are getting three World Cup opening ceremonies.
G Flip on song becoming a hit in "Off Campus"
Musician G Flip first rose to fame in Australia but has become a global star since their song "Bed of Fire" appeared in the series "Off Campus." They speak to "CBS Mornings" about how the song's popularity has impacted their music, family support and advice for young artists.
Amazon's best books of the year so far
Amazon Books editorial director Sarah Gelman joins "CBS Mornings" to reveal Amazon's best books of the year so far and why they made the list.
Pope Leo met with Bad Bunny in Spain
Pope Leo XIV met with music superstar Bad Bunny in Spain as the pontiff continues his multi-city tour. CBS News' Chris Livesay reports.
Technology
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She confided in ChatGPT the night of her suicide. Now, her mother is suing OpenAI.
A mother has filed a lawsuit against OpenAI, alleging the chatbot's design led to her daughter's suicide.
Poll: Most believe extraterrestrial life exists – and some think it's already here
Many have watched recently released UFO videos, but most still think the government knows more than it is saying.
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.
Diving into smart glasses' pros and cons
Major tech players are racing to put AI on your face, literally, with smart glasses. Ziad Asghar, senior vice president and general manager of XR, Wearables and Personal AI for Qualcomm, joins CBS News to discuss.
America's birth rate has plunged. Are smartphones to blame?
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
Science
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World's largest whale graveyard found by sub at bottom of ocean
The researchers saw many strange animals — many believed to be new to science — living off the whale carcasses.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Crime
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Exclusive
Relative of suspect in Anna Kepner's killing calls for her parents to face charges
Timothy Hudson, 16, is accused of sexually assaulting and killing Anna Kepner, his 18-year-old stepsister, while the family was on a cruise.
Relative of teen charged in Anna Kepner killing speaks out
The step-grandmother of Timothy Hudson, the 16-year-old stepbrother of Anna Kepner, who has been charged in her death and sexual assault, says Kepner's father and stepmother should be charged with parental neglect.
Inmate's nitrogen gas execution tonight hinges on last-minute appeal
The Alabama Attorney General's Office petitioned the Supreme Court to reverse a federal judge's decision to permanently ban the state from putting Jeffrey Lee to death using nitrogen hypoxia.
Karmelo Anthony's family says "nobody wins" after murder verdict
Karmelo Anthony's mother Kala Hayes told CBS News that her son "didn't mean to hurt anyone" and "was defending himself" when he stabbed another student, Austin Metcalf.
U.S. cruise passengers accused of assaulting police in Bahamas
Four police officers were injured, including one who was taken to the hospital, authorities said.
Space
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NASA chief defends choice of all-male crew for Artemis III mission
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
NASA names 4 astronauts for next Artemis mission
NASA's Artemis III astronauts plan to carry out rendezvous and docking procedures with commercial moon landers being built by SpaceX and Blue Origin.
Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
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.
Summer music highlights of 2026
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
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?
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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6/11: The Takeout with Major Garrett
U.S. and Iran expected to have 60 days to reach deal upon letter of intent signing; Thune under pressure from Trump to fire Senate parliamentarian.
SpaceX set to go public
SpaceX is set to go public on Friday in what's expected to be the largest IPO in history, a move that could make Elon Musk a trillionaire and create thousands of new millionaires inside the company. Jo Ling Kent reports.
Locals fight proposed data center next to zoo
In Tennessee, angry residents are looking to stop a proposed data center from being built right next to the Nashville Zoo, potentially exposing the animals to noise, fumes and bright lights. Skyler Henry reports.
Previewing Georgia's gubernatorial runoff
President Trump is joining Republican candidate for Georgia governor Burt Jones on Tuesday night for a tele-rally ahead of the state's runoff election. Jones, Georgia's lieutenant governor, is facing billionaire Rick Jackson as the two look to succeed term-limited Republican Gov. Brian Kemp. CBS News' Fin Gómez has more.
Trump announces potential Iran agreement
President Trump said the U.S. is closer than ever to an agreement with Iran. The agreement is not final, but President Trump said in the Oval Office that there could be a signing ceremony as early as this weekend. CBS News' Natalie Brand and Eleanor Watson have more.