To Fight Sky-High Inflation, the Federal Reserve Just Raised Interest Rates Three Times Faster Than Usual — And the Most Since 1994
The increase marks an escalation of the central bank's effort to cool the highest inflation since 1981.
GameStop, AMC, and Other Reddit Favorites Climb as Day Traders Look to Reignite Momentum
The group of previously unloved stocks has fluctuated in recent sessions as bullish momentum locks horns with profit-taking.
Verizon Climbs 4% After Warren Buffett Reveals Nearly $9 Billion Investment
Berkshire Hathaway invested $8.6 billion in Verizon stock through the quarter that ended December 31.
Robinhood Clients Say Platform Has Removed GameStop and AMC, and Is Only Allowing Holders to Sell
The move comes after traders organizing on Reddit forums furiously bid up the shares in an unprecedented short squeeze.
How Reddit Day Traders Are Using the Platform to Upend the Stock Market and Make Money in the Process
Retail investors on Reddit are boosting GameStop shares in defiance of hedge funds and investing norms, and one expert sees the unconventional rally as a sign "the institutions are losing some control."
U.S. Weekly Jobless Claims Jump the Most Since March as America's Labor-Market Recovery Falters
New claims for the week that ended Saturday totaled 965,000.