Latest news with #Gamestop
Business Insider
17 hours ago
- Business
- Business Insider
Most Anticipated Earnings this Week – Week of June 9, 2025
The week ahead holds earnings releases for several market-moving companies, including names such as Gamestop and Oracle, which are of particular interest to many investors. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Here is a list of this week's most anticipated earnings. Click on any ticker to further research the stock and determine whether it's a Buy, ahead of its earnings report.
Yahoo
30-05-2025
- Business
- Yahoo
Bitcoin price today: dips to $105k as Trump tariff uncertainty spurs profit-taking
Bitcoin retreated on Friday, extending a recent decline from record highs as heightened uncertainty over U.S. President Donald Trump's trade tariffs spurred sustained profit-taking in crypto. The world's largest crypto was set for mild weekly losses, as it retreated from last week's peaks. More corporate buying action failed to lift prices, after Gamestop announced it had purchased over $500 million worth of coins. Positive regulatory developments also offered limited support, as the Securities and Exchange Commission said it was dropping its lawsuit against crypto exchange Binance. Bitcoin fell 1.8% to $105,580 by 09:54 ET (13:54 GMT). Bitcoin faced extended profit-taking this week after it raced to a record high of over $111,000 last week. Risk appetite was dented by vastly contrasting signals on Trump's tariff plans. An appeals court ruled on Thursday to temporarily allow Trump's tariff agenda, after a federal trade court ruled to block his tariffs earlier this week. Trump lashed out against the judges involved in the trade court decision, and said he hoped that the Supreme Court will back his tariffs. But analysts warned that prolonged legal sparring over Trump's tariffs only stood to increase market uncertainty over their impact. Concerns over the economic impact of Trump's tariffs were a key weight on risk-driven assets this year, especially as a swathe of economic data pointed to U.S. weakness. But this notion was marginally offset by a revised reading on first quarter gross domestic product, which showed the U.S. economy shrank slightly less than initially estimated. The U.S. SEC on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's biggest crypto exchange, reflecting a shift at the regulator from new management under the Trump administration. The SEC dropped its case against Binance and founder Changpeng Zhao with prejudice, meaning that it cannot pursue the case again. The regulator, under former Chair Gary Gensler, had sued Binance and Zhao in June 2023 on allegations of artificially inflation trading volumes, diverting customer funds, and unlawfully facilitating the trading of several crypto tokens that should have been registered as securities. The case was separate from Binance's November 2023 guilty plea, which saw the exchange slapped with a $4.32 billion penalty for violating federal anti money laundering laws. Zhao had served a four-month sentence in prison. Binance's token, BNB, showed little reaction to the SEC news, falling 1.1% to $674.20. Piper Sandler came away from the 2025 Bitcoin conference with a more upbeat view on the momentum building across Bitcoin and digital assets. The broker highlighted several key developments that could accelerate broader adoption, particularly among traditional financial institutions. One major theme was the expected passage of stablecoin legislation in the U.S., which Piper said 'will likely be a stepping stone for market structure legislation and could set off a domino effect of Bitcoin/digital asset adoption among traditional financial firms.' The firm also noted that corporate interest in holding Bitcoin on balance sheets is stronger than previously assumed. Other takeaways included the growing push to tokenize traditional financial assets to improve liquidity and efficiency, as well as increasing investor demand for Bitcoin-linked products. Piper analysts pointed to innovations like Bitcoin-backed bonds and gold-protected Bitcoin funds, and observed that MicroStrategy's Bitcoin strategy is inspiring 'copycats.' On the political front, both Senator JD Vance and Senator Cynthia Lummis reiterated their support for establishing a Bitcoin strategic reserve. Losses in Bitcoin spilled over into broader crypto markets. World no.2 crypto Ether fell roughly 3% to $2,584.70, while XRP fell 5% to $2.17. Solana and Cardano dipped 5% and 5.5%, respectively, while Polygon shed 4.7%. Among meme tokens, Dogecoin plunged 8.7%, while $TRUMP slid 7.5%. (Ambar Warrick contributed to this report.) Related articles Bitcoin price today: dips to $105k as Trump tariff uncertainty spurs profit-taking What's next for Bitcoin? Analysts react to Trump Media's $2.5B Treasury plan Stablecoin firm Circle targets $6.71B valuation in New York IPO Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
GameStop buys over $500M worth of bitcoin in 1st crypto investment
GameStop is investing in bitcoin. On Wednesday, the video game retailer disclosed an acquisition of 4,710 bitcoin. It marks GameStop's first time buying the cryptocurrency following the company revising its investment policy to include bitcoin as a "treasury reserve asset." The 4,710 bitcoin that GameStop bought had a value of $505 million as of Wednesday. Gamestop To Close 'Significant Number' Of Stores In 2025, Invest In Bitcoin The purchase comes nearly two months after the video game retailer completed a private offering of 0.00% convertible senior notes that fetched $1.48 billion in net proceeds. Read On The Fox Business App GameStop said in a Securities and Exchange Commission filing about the offering that the net proceeds would be used for "general corporate purposes, including the acquisition of Bitcoin in a manner consistent with the Company's Investment Policy." In late March, the video game retailer revised its investment policy so that a "portion of our cash or future debt and equity issuances may be invested in Bitcoin." That move was unanimously approved by its board. "We have not set a maximum amount of Bitcoin we may accumulate, and may sell any Bitcoin we may acquire," GameStop said at the time. Trump Media Announces $2.5B Deal To Create Bitcoin Treasury The video game retailer, which operated over 3,200 stores globally at the beginning of February, has been struggling in recent years. Its market capitalization was approximately $14.3 billion as of article source: GameStop buys over $500M worth of bitcoin in 1st crypto investment
Yahoo
29-03-2025
- Business
- Yahoo
‘We're just hanging on for dear life': How CEOs are navigating increasing geopolitical uncertainty.
In today's CEO Daily: Diane Brady on how CEOs deal with increasing geopolitical uncertainty. The big story: Putin signals he will not oppose the U.S. taking over Greenland. The markets: More pain to come. Analyst notes from WARC on global ad spend, Wedbush on Gamestop's Bitcoin plan and auto tariffs, Goldman Sachs on gold. Plus: All the news and watercooler chat from Fortune. Good morning. Many of us built our careers in an environment where the U.S. was a dominant and stable player in the global economy. It has been a magnet for talent and a home to brands that are popular and produced worldwide. That's giving way to a more volatile and multipolar world, in which leaders need new political skills. We convened a group of CEOs yesterday, in partnership with Boston Consulting Group, to share perspectives on how they're managing differently. Nikolaus Lang, who heads the BCG Henderson Institute and chairs its Center for Geopolitics, notes that 'companies need to build up a geopolitical muscle around talent, functions, and processes.' That's become even more of an imperative in recent weeks as U.S. policy takes a new direction, with Vice President JD Vance's speech at the Munich Security Conference providing 'the clearest wakeup call,' says Lang, that old rules and alliances are no longer a given. Here are edited highlights of what some of the CEOs had to say: Marc Casper, Thermo Fisher Scientific: Government relations, in normal times, is a relatively modest use of time. Building relationships for the longer term is the way I've always thought about it. This has been a super active time. In the U.S., it's largely been about educating the administration on the implications of some policies and, with Congress, it's about what's important fundamentally to U.S. competitiveness. You can't make changes until you know what's likely to stick, so you reduce costs as appropriate. In a regulated industry, you cannot do things particularly quickly. Christiana Riley, Santander U.S. We are the eurozone's largest bank by market cap and amongst the largest consumer banks globally, representing 173 million customers across the 12 markets. We're going through a major investment cycle in building new digital banking capabilities. We continue to see opportunity, both in a hard-currency market such as the U.S. and in the higher-growth developing markets where we have leading franchises in Mexico and Brazil. But it's been a real roller coaster operating in a global organization. Arjun Sethi, Kraken and Chairman, Tribe Capital: It's not about what the rules are going to be. It's just that there are rules of the road that you can sort of adhere to, so that there's market stability. But some regulatory clarity creates instability. For example, in our venture capital, public and private markets, we've just retreated 100% from Europe. And the U.K. is on the cusp as to whether we're going to deploy capital there or not. In Argentina, we retreated, but we're still in Brazil. We're still in India. We're still in Israel. China, we're still in but it's sort of 50:50. Jonas Prising, ManpowerGroup: With barriers to trade, the work that comes back is different from the work that left. Employers are rational. They need to compete on price and will automate to the highest degree possible. This accelerates the cooling of labor markets and it always flips the fastest in the U.S., which has fewer structural barriers to maintaining employment. Europe was struggling economically prior to this and this is just going to make it worse. From the Asia and Latin perspective, we're seeing good growth. Work can move to talent today, and will be able to move much, much, easier in the future. We're just at the beginning of this flow. Matt Gline, Roivant Sciences: There was a meme a while ago about a cat that crawled on to the wing of an airplane. The cat was okay but there's a video of the cat clinging to the wing until they managed to land the plane. We're definitely the cat in that scenario. We're just hanging on for dear life, waiting to see where it all goes. More news below. Contact CEO Daily via Diane Brady at This story was originally featured on Sign in to access your portfolio
Bloomberg
27-03-2025
- Automotive
- Bloomberg
Stock Movers: GM, 23andMe, Gamestop
On this episode of Stock Movers: - Ford (F) is lower today following President Trump's announcement on auto tariffs. Trump signed a proclamation to implement a 25% tariff on auto imports, aiming to bring more manufacturing jobs to the US. - 23andMe Holding Co. (ME) shares jump as much as 147% intraday Thursday, a record, after a judge ruled that the genetic testing company can try to sell information about customer data amid its bankruptcy. - Gamestop (GME) shares drop as much as 12%, the biggest intraday drop since Sept. 11, after the video-game retailer announced that it intends to offer $1.3 billion aggregate principal amount convertible senior notes due in 2030. A Wedbush analyst said he expects the offering to 'fall flat.'
