WallStreetBets silver market frenzy turns tables on Wall Street
As with GameStop, an extended rise could force big investors to reverse short trades — pushing silver prices higher.
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As with GameStop, an extended rise could force big investors to reverse short trades — pushing silver prices higher.
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
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.
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 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.
It's the biggest stock rise from election to inauguration for any president since Hoover. It also creates another risk for President Biden.
Out of the hundreds of companies that go public on the stock market each year, only about 20 have been founded and led by women. Business Insider Editor-in-Chief Alyson Shontell joined CBSN's Lana Zak to discuss the difficulties women face in business.
Despite the shocking political turbulence, investment pros expect the U.S. economy to have its best year in decades.
Dow closes at record high, buoyed by hopes for more coronavirus relief following Senate wins for Democrats.
Wall Street closes volatile 2020 that had market falling from record high into a bear market at fastest clip ever.
Company used celebrities, including "Wolf of Wall Street" Jordan Belfort, to tout services that bilked customers, FTC says.
Markets rose as Pennsylvania certified election results, confirming President-elect Joe Biden's victory.
President Trump made a sudden and strange appearance at the White House briefing room to highlight the stock market as the Dow soared on news that an official transition to President-elect Biden is underway. Ben Tracy reports.
Melissa Armo, founder and owner of Stock Swoosh, joins CBSN to discuss how the outcome of the presidential election and news about progress towards a COVID-19 vaccine could affect the stock market.
Investors cheered by positive vaccine trial and growing political certainty following U.S. presidential election.
Washington Post economics correspondent Heather Long joins CBSN to discuss how the New York Stock Exchange and financial markets across the globe are reacting to the U.S. presidential election as vote counting continues.
The stock market won't tell us the winner, but it could indicate what is next for the U.S. economy.
Investors see cause for optimism even as uncertainty remains about whether Joe Biden or Donald Trump will be the winner.
Stocks jumped as Americans headed to the polls on Election Day. The S and P 500 gained 2.3% in morning trading, heading for a second straight day of gains. Melissa Armo, founder and owner of The Stock Swoosh, joins CBSN to explain what the latest numbers mean and how a contentious election could affect them.
What investors want most: A clear winner to emerge from the election, even if it takes a while for votes to be tallied.
The U.S. Gross Domestic Product grew by 7.4% in the third quarter, meaning the country has recovered about two-thirds of economic activity lost due to the coronavirus pandemic. The news comes as President Trump and Joe Biden make their final pitches to voters on the eve of Election Day. Peter Navarro, director of the Trump administration's Office of Trade and Manufacturing Policy, joined CBSN to discuss.
Optimism the pandemic may have been brought under control dissipates as infections rise in Europe and the U.S.
Among the few companies seeing shares go up as Election Day nears: Stay-at-home economy stalwarts Amazon and Zoom.
Distrust of a predominately white financial industry is just one reason many Black Americans choose not to invest.
The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
NASA's Artemis II astronauts are set to return to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
Brian Hooker exchanged Facebook messages with a friend, which CBS News exclusively reviewed, after his wife vanished in the Bahamas over the weekend.
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
First lady Melania Trump delivered a televised statement denying a relationship with the late sex offender Jeffrey Epstein.
Inflation ran hot in March because of higher fuel costs tied to the Iran war, which has constrained the global flow of oil.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
The president says the arch will commemorate the nation's 250th anniversary.
NASA's Artemis II astronauts are set to return to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
The DOJ said in a court filing that the D.C. pipe bomb defendant's case should not be dismissed and that his actions were not covered by Trump's sweeping pardons of the Jan. 6 rioters.
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
Transportation Secretary Sean Duffy pointed out that gamers "have many of the hard skills it takes to be a successful controller."
Former Vice President Kamala Harris said that she might run for president in 2028, telling a gathering in New York that she is considering mounting a third bid for the White House.
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
The DOJ said in a court filing that the D.C. pipe bomb defendant's case should not be dismissed and that his actions were not covered by Trump's sweeping pardons of the Jan. 6 rioters.
White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
The discovery of the grave site adds to dozens of similar cases in Jalisco, the state hardest hit by Mexico's missing persons crisis.
The U.S. and Iran are getting ready for talks Saturday in Islamabad, Pakistan, as their tenuous ceasefire held despite key sticking points.
Few ships passed through the waterway Wednesday and Thursday despite a ceasefire agreement that was supposed to open the waterway key to transiting oil across the globe.
Comedian Bridget Phetasy joins CBS News with her take on gaining the favor of Generation Z members. Phetasy explores the matter for The Free Press, a Paramount Skydance publication.
Dan Levy talks to "CBS Mornings" about the comedy series "Big Mistakes," which is about organized crime. Levy explains how he used his own life to help shape his character's relationships and reflects on the beloved series "Schitt's Creek."
Afrika Bambaataa, a rapper and producer, was best known for breakthrough tracks like 1982's "Planet Rock" and for founding the Universal Zulu Nation art collective.
K-pop supergroup BTS hit the stage on Thursday, kicking off their comeback world tour after a four-year hiatus. Nicole Fell, assistant editor at The Hollywood Reporter, joins "The Daily Report" to discuss.
Ryan Gosling's new movie, "Project Hail Mary," is raising questions about the future of the Sun. CBS News contributor Janna Levin joins with more details.
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
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.
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Lee Milne, 40, was sentenced to eight years in prison following his conviction in Glasgow's High Court for culpable homicide and engaging in abusive behavior.
Sources tell CBS News that the Justice Department is investigating the NFL over subscription fees concerns. Jake Rosen reports.
First lady Melania Trump held remarks on Thursday denying any link to convicted sex offender Jeffrey Epstein. CBS News' Caitlin Huey-Burns reports.
Police file charges against 21 suspects in what's described as a $267 million fraud case with zero legitimate patients. Adam Yamaguchi reports.
A man who stole a handbag containing a Faberge egg and watch worth at least $2.8 million from a London pub was jailed for more than two years.
NASA's Artemis II astronauts are set to return to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth on Friday.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
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.
Comedian Bridget Phetasy joins CBS News with her take on gaining the favor of Generation Z members. Phetasy explores the matter for The Free Press, a Paramount Skydance publication.
Defending champion Rory McIlroy tied Sam Burns for the first-round lead at the Masters. CBS News' Jim Axelrod has the highlights as round two gets underway.
Dan Levy talks to "CBS Mornings" about the comedy series "Big Mistakes," which is about organized crime. Levy explains how he used his own life to help shape his character's relationships and reflects on the beloved series "Schitt's Creek."
Former Vice President Kamala Harris and former Transportation Secretary Pete Buttigieg are set to speak at the National Action Network Convention in New York City. CBS News' Fin Gómez has more.
Vice President JD Vance is headed to Islamabad, Pakistan, for talks with Iranian officials aimed at ending the war. This comes as President Trump continues to blast Tehran over access to the Strait of Hormuz. CBS News' Olivia Rinaldi and Imtiaz Tyab report.