GameStop stock jumps for second straight day

GameStop stock jumps for second straight day

GameStop shares headed for a second straight day of gains early Monday as Reddit’s favorite stock tried to rebound from a massive weekly loss. The video-game retailer’s stock price climbed about 11 percent in premarket trading to $70.83 as of 7:28 a.m., building on Friday’s 19 percent rise. But those gains left GameStop far from … Read more

How AMC staved off bankruptcy before Reddit rally

How AMC staved off bankruptcy before Reddit rally

AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash with his powerful Wall Street allies, including his … Read more

Reddit traders may not have been the only ones boosting GameStop

Reddit traders may not have been the only ones boosting GameStop

Reddit’s army of retail traders might not have been only force behind the unprecedented GameStop rally that turned Wall Street upside down, new data show. GameStop was “notably absent” from the list of 10 stocks that retail investors bought the most in January despite the video-game retailer being at the forefront of a supposed market … Read more

Federal board clears way for mail-in union vote at Amazon

Federal board clears way for mail-in union vote at Amazon

The National Labor Relations Board on Friday dismissed objections filed by Amazon over a union vote set for next week at a fulfillment center that employs more than 5,000 people in suburban Birmingham. The agency said objections by the online retailer didn’t raise any “substantial issues” that needed review, al.com reported. Amazon had no immediate comment, … Read more

Clover Health shares dip as SEC probes short-seller allegations

Clover Health shares dip as SEC probes short-seller allegations

The Securities and Exchange Commission is following up on a critical report about Clover Health by short-selling specialist Hindenburg Research and has told the insurance company to preserve any relevant documents. Clover, backed by venture capitalist Chamath Palihapitiya, said Friday it would cooperate with the request from the SEC. The company’s share price at noon Friday was … Read more

Ari Emanuel’s WME to reach Hollywood writers deal imminently

Ari Emanuel's WME to reach Hollywood writers deal imminently

Hollywood talent agency WME is set to reach a deal with the union that represents Hollywood’s top writers as early as Friday, sources told The Post. The deal, if reached, stands to end Hollywood’s epic two-year standoff between the agencies and their writer clients — from Shonda Rimes to Tina Fey to Seth MacFarlane and … Read more

GameStop documentary in the works

GameStop documentary in the works

A documentary about GameStop is the latest project set to chronicle the “Reddit rally” that took the stock market by storm in recent weeks. Non-fiction and television studio XTR and documentary production company Optimist are joining forces on a feature documentary about the short squeeze movement that pushed shares of a small video retailer to … Read more

Paul McCartney weighs in on JCPenney CEO search

Paul McCartney weighs in on JCPenney CEO search

Paul McCartney wants JCPenney to get by with a little help from his friend. The former Beatle recently introduced his longtime buddy and retail honcho, Herbert L. Becker, to the new owners of the bankrupt department store, suggesting him as a candidate for the CEO job, The Post has learned. McCartney made the introduction via … Read more