Tag: hardware stores

GameStop stock swings lower after earnings

GameStop Corp. stock sank in the extended session Tuesday as the videogame retailer at the center of the so-called meme-stock phenomenon said it had laid the groundwork for its “transformation” and reported lower-than-expected adjusted fourth-quarter earnings and sales. GameStop GME, -6.55% shares initially rose by more than 8% after the report, but sank soon after, […]

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Opinion: Don’t expect an economic boom, because there’s little pent-up consumer demand

NEW HAVEN, Conn. (Project Syndicate)—As the second vaccine shot went into my arm, I could almost taste the instant gratification of deferred desires. Having done without for nearly a year, it was time to indulge. While I was lucky enough—actually, old enough—to be included in the first wave of inoculations, the rest of America is […]

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How will this wild GameStop saga end? The ghosts of trading catastrophes past offer clues

Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag. Richard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up […]

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