GameStop purchases $500 million in bitcoin in first crypto push
GameStop, an ailing video game retailer and "meme stock," is pushing into the cryptocurrency sector.
Watch CBS News
GameStop, an ailing video game retailer and "meme stock," is pushing into the cryptocurrency sector.
The video game retailer has recently raised roughly $3 billion in cash, capitalizing on a jump in its stock price.
GameStop's stock price jumped more than 87% in pre-market trading following post on Reddit linked to trader Keith Gill.
Shares of GameStop are plunging before the opening bell after the company fired CEO Matthew Furlong.
GameStop raised more than $1 billion in its latest stock sale, capitalizing on a newly arrived and fervent army of online investors.
The overhaul in the top ranks of GameStop continues with the announced departure of CEO George Sherman at the end of July.
Two months after a market phenomenon took shares of North Texas-based GameStop to the moon, the video game retailer said Monday that it will sell up to 3.5 million of its shares with the price still vastly elevated.
In a move meant to push the business toward a more digital future, Grapevine-based GameStop has named an activist investor to help shift more of its business online.
GameStop shares surged before the start of U.S. trade on Thursday, with the stock more than tripling over the last two days.
GameStop Executive Vice President and Chief Financial Officer Jim Bell is resigning from his roles on March 26, 2021.
Many investors fully understand the contradiction between GameStop's stock price and its business fundamentals.
GameStop's stock price cratered on Tuesday, falling 60% to $90 a share. The drop signaled that the popular WallStreetBets Reddit stock market discussion board may be losing its magic.
Independent investors communicating online started purchasing GameStop shares, driving up the price. AMC Theaters, American Airlines, and Bed Bath & Beyond became hot commodities, too.
Stock-trading platform, Robinhood and a few others announced Thursday, Jan. 28, they were restricting transactions for certain stocks, including GameStop.
The stock market has enjoyed unprecedented gains during the pandemic, with the strange, meteoric rise of GameStop among the highlights.
"This isn't just a legal question. It's a moral question," says University of Texas at Dallas Law Professor Mike Maslanka.
Unemployment claims are mounting as thousands of Texans find themselves jobless.
After GameStop posted 2nd quarter earnings that fell short of predictions, the company announced it would be closing as many as 200 stores by the end of the year.
Police said the suspect pictured in surveillance images has committed at least three aggravated robberies in Lancaster, Dallas and Mesquite.
A Consumer Justice investigation found your valuables could be stolen and sold the same day at some stores in North Texas. And it's all because one city can't agree on how to enforce its own law.
The Grapevine-based company is best known for selling games announced plans Monday to launch a new division called GameTrust that will help distribute and market them.
GameStop is dipping a toe into the video game publishing business. The retailer is partnering with Insomniac Games to release the studio's upcoming underwater adventure "Song of the Deep."
GameStop said that the stronger dollar hurt sales in the fourth quarter. Sales for the Grapevine video game retailer fell about 6 percent in the three months that ended January 31.
Video game retailer GameStop, based out of Grapevine, reported a third-quarter profit that missed Wall Street expectations, while also cutting its outlook for the year.
While the Electronic Entertainment Expo is no longer open to the public, the GameStop Expo offers everyday gamers a chance to preview upcoming titles and hardware.
Police say online threats, school footage, and holiday arsons were tied together through an investigation.
Dallas Love Field Airport was evacuated Tuesday afternoon after a malfunctioning HVAC unit set off a fire alarm in the terminal, according to City of Dallas officials.
Celina ISD plans to release the results of an independent investigation into a former educator, as parents demand answers in a sexual abuse scandal involving dozens of students.
Amber Glenn can now add Olympian to her resume after putting together a phenomenal free skate, which won her a third consecutive U.S. Figure Skating title.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
Police say online threats, school footage, and holiday arsons were tied together through an investigation.
Dallas Love Field Airport was evacuated Tuesday afternoon after a malfunctioning HVAC unit set off a fire alarm in the terminal, according to City of Dallas officials.
Celina ISD plans to release the results of an independent investigation into a former educator, as parents demand answers in a sexual abuse scandal involving dozens of students.
Amber Glenn can now add Olympian to her resume after putting together a phenomenal free skate, which won her a third consecutive U.S. Figure Skating title.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
From laptops to vapes, lithium‑ion devices are driving emergency landings and evacuations as airlines push for stronger rules and better containment tools.
Texas veterans could be at risk of losing the help they need to stay home.
A North Texas couple tracked their stolen airport luggage across Dallas using an AirTag — only to learn police couldn't act on the data alone.
Nearly every day, hundreds of thousands of Texas students board a school bus.
Outdoor sirens are meant to warn Texans of tornadoes and floods. This summer's deadly flooding in Kerr County exposed how vulnerable many communities are, with sirens broken, outdated or missing.
Republican Rep. James Comer of Kentucky, the committee's chairman, said the panel will move next week on holding them in contempt.
Republican Rep. Randy Fine of Florida introduced a bill to annex Greenland and make it the 51st U.S. state.
Nearly one year after the mass pardon of more than 1,500 Trump-supporting Capitol riot defendants, House Democrats are asking whether any of the pardoned rioters are now working for ICE.
Defense Secretary Pete Hegseth says the Pentagon will start using Elon Musk's AI chatbot Grok. The word comes days after Grok drew global outcry for generating highly sexualized deepfake images.
Defense Secretary Pete Hegseth highlighted the role of the F-35 fighter jet and its workforce during a visit to Lockheed Martin's Fort Worth plant.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
While retailers like Amazon, Macy's and Target are extending their return window for gifts bought during the holidays, some stores are adding fees to return purchases.
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Texas Agricultural Commissioner Sid Miller is calling for a statewide ban on non-water additives, such as fluoride, in the public water system.
Last year, over 16 million vehicles drove on North Texas toll roads without paying, accumulating more than $69 million in unpaid tolls.
The largest nurses strike ever in New York City is underway as thousands of NYSNA members walk off their jobs at major hospitals.
As millions of Americans struggle with paying for health care, doctors and health experts discuss how medical care is being eroded by insurers denying necessary tests and treatment, making it "more difficult to be healthy in the United States."
After the ACA tax credit lapsed in December, enrollees are opting for less robust health plans or dropping coverage altogether.
'Tis the season: for sniffles, but before you blame the holiday gathering at grandma's for your coughing, sneezy misery, look around.
In Plano, Dragonfly Scans is a healthcare company that wants to show you what's happening inside your body.
Salad and Go, a drive-thru salad chain, said on Wednesday that it will close all remaining Texas and Oklahoma stores.
Venezuela is said to have the largest amount of these reserves in the world.
Trump said the "whole infrastructure" of Venezuela has to be rebuilt and that American companies would be used to rebuild it.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
After years in the making, Texas Instruments' semiconductor factory in Sherman has officially begun production.
Amber Glenn can now add Olympian to her resume after putting together a phenomenal free skate, which won her a third consecutive U.S. Figure Skating title.
Pittsburgh Steelers head coach Mike Tomlin has informed the team that he is stepping down from his position.
Cooper Flagg scored 27 points and matched a season high with three blocks, and Naji Marshall had three straight baskets down the stretch and finished with 22 points as the depleted Dallas Mavericks beat the Brooklyn Nets 113-105.
The Bulls put seven players in double figures, outscored the Mavericks 38-8 in fast-break points and never trailed.
The community gathered Saturday at a parade to celebrate the remarkable season for the South Oak Cliff Golden Bears, who won the Texas UIL 5A Division II state football championship.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Timothy Busfield is known for appearances in "The West Wing," "Field of Dreams" and "Thirtysomething."
The Red Bull Flugtag Airshow returned to Las Colinas on Saturday after a 12-year hiatus. Teams are tasked with constructing a flying machine and putting it to the test. It's estimated that around 25,000 people attended the event.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The Neonatal Intensive Care Unit babies at Texas Health locations across North Texas celebrated Valentine's Day.
As Anthony Davis prepared for his debut game at the AAC, Dallas Mavericks fans took to the arena to protest the controversial trade.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
