News & Events:GME

Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp (GME) trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday.

Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp (GME) trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday.

JPMorgan Chase & Co (JPM) posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability.

-JPMorgan Chase & Co (JPM) posted fourth-quarter profit ahead of market expectations on Friday, but its shares fell as much as 6% as analysts expressed disappointment over its forecasts for future profitability.

JPMorgan Chase & Co (JPM) reported a fall in fourth-quarter earnings on Friday as a weaker performance at its trading arm took the shine off a boom in investment banking. The largest U.S. bank by assets posted a profit of $10.4 billion, or $3.33 per share, in the quarter ended Dec. 31, compared with $12.1 billion, or $3.79 per share, a year earlier.

National investment fraud lawyers KlaymanToskes continues to investigate on behalf of investors who sustained losses in excess of $100,000 from the January 2021 trading restrictions imposed by Robinhood Financial, LLC.

Online trading platform Robinhood Markets Inc (HOOD) said on Wednesday it plans to move a majority of its 3,400 employees to remote work permanently, joining a slew of top tech firms embracing a hybrid culture.

Citadel Securities said on Tuesday venture capital firm Sequoia Capital and crypto-focused investment company Paradigm had made a $1.15 billion minority investment in it, giving the market maker founded by billionaire Ken Griffin a valuation of nearly $22 billion. The funding round was led by Sequoia.

- A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come. The biggest of them, bitcoin, has not managed to hold above the $50,000 mark since its Dec. 4 crash and is down 12% this year.

A weak start to 2022 and a host of looming macro and technical headwinds are setting cryptocurrencies up for a rough ride in the weeks to come. The biggest of them, bitcoin, has not managed to hold above the $50,000 mark since its Dec. 4 crash and is down 12% this year.

Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley (MS) and Goldman Sachs Group (GS) for its initial public offering, a source familiar with the matter told Reuters on Friday.

* U.S. nonfarm payrolls rise by 199,000 in December. * GameStop (GME) jumps after report of foray into NFT, crypto markets. * Indexes: Dow down 0.01%, S&P 500 down 0.4%, Nasdaq down 1% By Caroline Valetkevitch.

* U.S. nonfarm payrolls rise by 199,000 in December. * Rising U.S. Treasury yields boost bank shares. * GameStop (GME) jumps after report of foray into NFT, crypto markets. By Caroline Valetkevitch. NEW YORK Jan 7 - Wall Street wrapped up the first week of the new year with daily and weekly losses as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news.

* Nonfarm payrolls rise by 199,000 in December. * GameStop (GME) jumps after report of foray into NFT, crypto markets. * Indexes: Dow up 0.3%, S&P 500 down 0.2%, Nasdaq down 0.7% By Caroline Valetkevitch.

* Nonfarm payrolls rise by 199,000 in December. * GameStop (GME) jumps after report of foray into NFT, crypto markets. * Indexes: Dow +0.21%, S&P -0.19%, Nasdaq -0.69% By Devik Jain and Shreyashi Sanyal.

* Nonfarm payrolls rise by 199,000 in December. * GameStop (GME) jumps after report of foray into NFT, crypto markets. * Indexes: Dow -0.06%, S&P -0.01%, Nasdaq +0.07% By Devik Jain.

-GameStop Corp's (GME) stock rallied on Friday after a report that the videogame retailer plans to expand its non-fungible tokens marketplace and partner with crypto firms. The company's shares soared last year as it was at the center of a battle between small investors coordinating on online forums and Wall Street hedge funds that had taken short positions.

Wall Street on Friday wrapped up the first week of the new year with daily and weekly losses as investors worried about looming U.S. interest-rate hikes and unfolding Omicron news. The Nasdaq posted its biggest weekly percentage fall since February 2021 and led declines for the day in the major indexes.

* Futures up: Dow 0.10%, S&P 0.22%, Nasdaq 0.35% By Devik Jain. U.S. stock index futures edged higher on Friday ahead of a closely watched jobs report, with an index of economy-linked value shares on track for its third straight weekly gain.

- GameStop Corp (GME) is launching a division to develop a marketplace for nonfungible tokens and establish cryptocurrency partnerships, a source familiar with the matter said on Thursday, boosting the video game retailer's shares 27% in extended trading. GameStop (GME) declined to comment.