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Sydney Sweeney sparks a $346 million Wall Street surge with new ad

Sydney Sweeney sparks a $346 million Wall Street surge with new ad

The Age24-07-2025
The term meme stock was coined after companies including GameStop and Blackberry saw their share prices surge in 2021 despite little in the way of updates about their underlying performance.
The vertiginous rally triggered the collapse of a hedge fund that had bet against GameStop's stock and helped inspire the 2023 film Dumb Money starring Paul Dano.
American Eagle's stock was down almost 50 per cent so far this year prior to this week's rally after it pulled its annual forecasts because of tariff uncertainty. The company primarily sources its products from China.
Ross Mayfield, an analyst at Baird Private Wealth Management, said meme stocks were a symbol of how stock markets had been 'gamblified'.
He said: 'It says to me nothing about the level of interest rates or financial conditions. This is retail traders moving individual stocks that are heavily shorted.
'It reflects more the gambling culture permeating financial markets. These are not being bid up because of a good earnings report. It's because of a Sydney Sweeney ad campaign.'
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Sweeney, who has 25.2 million followers on Instagram, has fronted campaigns for the likes of Ford, Baskin-Robbins ice cream and luxury fashion brand Miu Miu.
As well as being known for her screen roles, Sweeney has become a prominent figure in popular culture and found herself wrapped up in North American culture wars.
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Stevie Nicks reschedules tour after shoulder fracture
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Stevie Nicks reschedules tour after shoulder fracture

Stevie Nicks has rescheduled her upcoming tour dates after fracturing her shoulder. The 77-year-old singer/songwriter has been forced to push her US concert dates back due to her injury, which will "require recovery time". "Due to a recent injury resulting in a fractured shoulder that will require recovery time, Stevie Nicks' scheduled concerts in August and September will be rescheduled," a message on her Instagram account said. "Please note that October dates will be unaffected. Stevie looks forward to seeing everyone soon and apologizes to the fans for this inconvenience (sic)." Nicks was originally set to kick off her tour in August. Meanwhile, it was recently announced that Buckingham Nicks, the only studio album by Lindsey Buckingham and Nicks as a duo, is being reissued for the first time. Originally released in September 1973 and unavailable for decades, the album has been sourced from the original master tapes for its long-awaited return to vinyl, as well as hi-res digital files for its CD and digital release. Buckingham and Nicks was recorded at Sound City Studios in Los Angeles and was released the year before Nicks and Buckingham joined Fleetwood Mac. Although it wasn't a commercial success, it led drummer Mick Fleetwood to invite Nicks and Buckingham to join the famed rock band. The former couple haven't been on good terms since guitarist Buckingham was axed from the group once again in 2018 in acrimonious circumstances, but Fleetwood previously admitted he is keen for Nicks and Buckingham to put their differences aside. Fleetwood planned to reunite the band before Christine McVie passed away in November 2022, aged 79. The veteran musician has "struggled" to find a direction since McVie's passing - but he remains hopeful of working with another band in 2026. "I miss playing as much as we used to," Fleetwood said. "I'm hoping next year, one way or another, some band somewhere will say, come and play with drums or something. "So, I always love to do whatever I can do working on an album that next year we may tour with it. I don't know, (but) not Fleetwood Mac." Stevie Nicks has rescheduled her upcoming tour dates after fracturing her shoulder. The 77-year-old singer/songwriter has been forced to push her US concert dates back due to her injury, which will "require recovery time". "Due to a recent injury resulting in a fractured shoulder that will require recovery time, Stevie Nicks' scheduled concerts in August and September will be rescheduled," a message on her Instagram account said. "Please note that October dates will be unaffected. Stevie looks forward to seeing everyone soon and apologizes to the fans for this inconvenience (sic)." Nicks was originally set to kick off her tour in August. Meanwhile, it was recently announced that Buckingham Nicks, the only studio album by Lindsey Buckingham and Nicks as a duo, is being reissued for the first time. Originally released in September 1973 and unavailable for decades, the album has been sourced from the original master tapes for its long-awaited return to vinyl, as well as hi-res digital files for its CD and digital release. Buckingham and Nicks was recorded at Sound City Studios in Los Angeles and was released the year before Nicks and Buckingham joined Fleetwood Mac. Although it wasn't a commercial success, it led drummer Mick Fleetwood to invite Nicks and Buckingham to join the famed rock band. The former couple haven't been on good terms since guitarist Buckingham was axed from the group once again in 2018 in acrimonious circumstances, but Fleetwood previously admitted he is keen for Nicks and Buckingham to put their differences aside. Fleetwood planned to reunite the band before Christine McVie passed away in November 2022, aged 79. The veteran musician has "struggled" to find a direction since McVie's passing - but he remains hopeful of working with another band in 2026. "I miss playing as much as we used to," Fleetwood said. "I'm hoping next year, one way or another, some band somewhere will say, come and play with drums or something. "So, I always love to do whatever I can do working on an album that next year we may tour with it. I don't know, (but) not Fleetwood Mac." Stevie Nicks has rescheduled her upcoming tour dates after fracturing her shoulder. The 77-year-old singer/songwriter has been forced to push her US concert dates back due to her injury, which will "require recovery time". "Due to a recent injury resulting in a fractured shoulder that will require recovery time, Stevie Nicks' scheduled concerts in August and September will be rescheduled," a message on her Instagram account said. 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Stevie Nicks reschedules tour after shoulder fracture
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