Videogame retailer GameStop has dropped 36% in the past month and movie-theater chain AMC has lost 42%. Last year, meme-stock trading was the hot new thing, as many novice investors took their cues from Reddit’s Read more…
The billionaire, a vocal champion of crypto, wants the fast-food giant to accept the meme coin as a means of payment The pressure is on as never before on McDonald’s. Will the owner of Big Read more…
The number two fast-food burger chain may also pave the way for Popeyes and Tim Hortons to grow around the world. In the United States, Burger King feels like a distant second behind McDonald’s (MCD) Read more…
If you bought GameStop in the early days of last year’s ‘meme stock rally’, you’re still in profit, but the video game retailer at the heart of the Reddit-fueled frenzy is still losing money. GameStop Read more…
The Bank of Canada (BoC) is widely expected to kick off the new year with a rate hike on Wednesday despite its muted communication over the past weeks. With inflation well above the central bank’s Read more…
The euro has fallen below the 1.13 level in Tuesday trade. EUR/USD is trading at 1.1266 in the North American session, down 0.55% on the day. Risk appetite down, greenback up The US dollar is Read more…
Markets Calm returned to European stock markets after a manic Monday. EU bourses recoup a modest 0.4 to 1% from the losses that mounted to more than 4%. US stocks are less lucky. The late-session Read more…
US Conference Board Consumer Confidence Index dropped from 115.2 to 113.8 in December, above expectation of 112.3. Present Situation Index rose from 144.8 to 148.2. Expectations Index dropped from 95.4 to 90.8. “Consumer confidence moderated Read more…
Fed fears drive stocks lower as the two day FOMC meeting begins. US futures Dow futures -0.85% at 34095 S&P futures -1.6% at 4345 Nasdaq futures -2.1% at 14209 In Europe FTSE +0.7% at 7360 Read more…
The Swiss franc is down sharply on Tuesday, with USD/CHF climbing above the 92 line for the first time in two weeks. In the North American session, USD/CHF is trading at 0.9184, up 0.58% on Read more…