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Virgin Galactic announces reverse stock split

(Reuters) -Space tourism company Virgin Galactic announced a 1-for-20 reverse stock split on Wednesday, sending its shares down 19% in extended trading. The stock split is expected to go into effect on June 14 after markets close and resume trading on .

Shounak dasguptaZaheer kachwalaShilpi majumdarVirgin galacticYork stock exchangeNew york stock exchange

On Semiconductor to cut 1,000 jobs globally

On Semiconductor said on Thursday it would cut its global workforce by about 1,000 employees. The company expects to incur between $65 million and $80 million in employment-related.

Shilpi majumdarJuveria tabassum

Onsemi to cut 1,000 jobs globally

Chipmaker Onsemi said on Thursday it would cut its global workforce by about 1,000 employees, as part of its previously announced strategy to optimize its manufacturing network and streamline.

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GameStop Raises $2 14 Billion Amid Roaring Kitty-Fueled Retail Trading Frenzy

GameStop Raises $2 14 Billion Amid Roaring Kitty-Fueled Retail Trading Frenzy
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesNew york stock exchangeRyan cohenVijay kishoreSourasis boseKeith gillDeborah sophiaShilpi majumdarManya sainiYork stock exchangeNew york city

GameStop raises $2 14 billion amid Roaring Kitty-fueled retail trading frenzy

Shares of the videogame retailer, which has been at the center of the meme stock frenzy, rose more than 5% on the news before reversing course to fall 1.6% in volatile extended trading. On a livestream on Friday with more than 600,000 viewers, Gill, the key figure behind an eye-popping rally in the struggling company's stock in 2021, joked about memes and interspersed his discussion of GameStop with various disclaimers. GameStop said it sold the maximum amount of 75 million shares registered under the program.

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