GameStop’s annual shareholder meeting faced a major setback on Thursday as computer problems caused servers to crash under overwhelming interest in the stream. According to a customer service representative for the company hosting the stream, the meeting was scheduled to begin at 11 a.m. ET and was hosted on ComputerShare. However, when attendees tried to
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The news that Major League Eating (MLE) has decided to part ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest has shocked many fans. This decision came after Chestnut chose to represent a rival brand that sells plant-based hot dogs, leading to the termination of
Recent reports suggest that the United States is considering further tightening restrictions on China’s access to chip technology crucial for the advancement of artificial intelligence. Specifically, the Biden administration may target the high-tech chip architecture known as gate all-around (GAA), which offers improved performance and lower power consumption. While this move could have significant implications
Following reports of increased U.S. trade scrutiny against China, most Asian stocks experienced a decline on Wednesday. The anticipation of more cues on inflation and the Federal Reserve also contributed to the negative sentiment. Despite record-high closes on the S&P 500 and the NASDAQ Composite, regional stocks struggled to stay afloat. China’s Shanghai Shenzhen CSI
Broadway is currently experiencing a surge in ticket sales and attendance as the Tony Awards approach. The latest data shows that box office sales for the week ending June 9 were up 7% compared to the previous week. In total, the 35 shows on Broadway grossed an impressive $36,011,651. This marks a 16% increase over
Southwest Airlines saw a 7% increase in stock value after activist hedge fund Elliott Management acquired a $1.9 billion stake in the company. The firm is pushing for the replacement of CEO Bob Jordan and Chairman Gary Kelly. This move by Elliott Management signals a potential shake-up in the leadership of Southwest Airlines, which could
After evaluating the recent upgrades and downgrades made by Wall Street analysts, one of the key takeaways is the double upgrade of Best Buy by Citi. The research team at Citi has raised their target price for Best Buy to $100, citing positive catalysts such as tech replacement cycles and margin execution. They believe that
A CEO from an alternative trading platform, Kelly Rodriques, is determined to shake up private equity investing and provide a solution for the stagnating initial public offering market. In collaboration with Accuidity, Forge Global launched the Forge Accuidity Private Market Index in the recent spring – a move that aims to offer a more accessible
In the world of cryptocurrency investing, the practice of “HODLing” has long been celebrated as a way to weather the storm of extreme price fluctuations. However, with the rise of exchange traded funds (ETFs) that track bitcoin’s price, the traditional strategy of simply holding on may be losing its appeal. As more traditional investors enter
The recent passage of legislation in New York to restrict social media platforms from exposing addictive content to users under the age of 18 without parental consent marks an important step in addressing the risks that children face online. The bills are aimed at curbing the negative impact of excessive social media use on adolescent
Costco Wholesale’s decision to offer high wages at its warehouse in a rural Japanese town has had a ripple effect on local businesses. When Costco opened its doors, it created a demand for workers by offering competitive salaries, which in turn forced nearby businesses to consider adjusting their own wages. One such example is a
Nvidia made headlines on Wednesday when it briefly surpassed Apple in market cap during intraday trading. This milestone comes as the chipmaker solidifies its position as the primary beneficiary of the artificial intelligence boom. With a market cap of $3.007 trillion, Nvidia is now on track to become the second most valuable U.S. company, overtaking
Broadway box office numbers have remained relatively stable as the industry transitions into the post-Memorial Day summer season. Despite a slight decline in ticket sales from the previous week, the 35 productions collectively grossed $33,662,845 for the week ending June 2nd. This represents a 5% decrease from the previous week, but an 8% increase compared
Bath & Body Works recently experienced a significant drop in their stock price, with a 14% decline marking their worst day since 2021. This decline followed the release of first-quarter earnings and revenue that beat estimates, however, the company offered a disappointing outlook for the second quarter. With earnings expected to be lower than anticipated,