Jobless Claims Fall as Labor Market Continues Slow Recovery: Live Updates nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.
Shares of GameStop (NYSE:GME) are plunging on Tuesday, furthering a brutal decline in the struggling video game retailer s stock price that began earlier this week. As of 12:35 p.m. EST, GameStop s shares had lost roughly 50% of their value.
So what
GameStop shareholders are learning painful but valuable lessons. The first is that buying into overhyped stocks in hopes that they will soar to the moon is a misguided and dangerous game. The second is that short squeezes don t last forever.
After soaring earlier this year, GameStop s stock has declined sharply over the past two days. Image source: Getty Images.
Author Bio
Adam has been writing for The Motley Fool since 2012 covering consumer goods and technology companies. He consumes copious cups of coffee, and he loves alliteration. He spends about as much time thinking about Facebook and Twitter s businesses as he does using their products. For some lighthearted stock commentary and occasional St. Louis Cardinals mania . Follow @admlvy
After a stellar 2020 performance, shares of
Roku (NASDAQ:ROKU) got off to a strong start in 2021. The streaming video company s stock price is up by about 25% year to date, and Wall Street analysts think it still has room to climb.
The gains thus far in January have been fueled by a combination of positive preliminary results released early the month and a slew of analyst upgrades delivered over the last few weeks. Here are five of the most common reasons the Street is so bullish on Roku.
Biden’s proposed corporate tax hike may ‘drive business outside of the US’: EY CEO
News Highlights: Biden’s proposed corporate tax hike may ‘drive business outside of the US’: EY CEO.
Carmine Di Sibio, CEO of EY, has a message for President Biden: Be careful when it comes to increasing corporate taxes.
“Any increase in corporate tax would threaten corporate America,” Di Sibio told Yahoo Finance Live. “I think it would make the US less competitive, and I think the tax rate would be more favorable elsewhere.”
Biden has pledged to reverse former President Trump’s 2017 tax cuts, which Di Sibio said were “very important to corporate America.”