Markets

GameStop soars 20% as short-squeeze rally charges into 2nd day

GameStop soared as much as 20% on Thursday as more short-sellers closed positions and ran for the exit. The company’s Monday announcement that it would add activist members to its board kicked off a rally that’s left shareholders cheering and squeezed shorts out of their bearish bets. The scale to […]
GameStop soars 20% as short-squeeze rally charges into 2nd day
Markets

Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder

SoftBank’s new trading arm, SB Northstar, posted $US3.7 billion in losses as bearish derivatives bets on tech stocks floundered, the Financial Times reported Wednesday. The arm was mostly kept secret until the FT revealed it was making multibillion-dollar bets on tech giants through the summer’s market rally. SoftBank CEO Masayoshi […]
Softbank CEO Masayoshi Son racked up a $3.7 billion loss trading daily moves in tech stocks — and the risky investments are fuelling concern with the company’s second-biggest shareholder
News

Bed Bath & Beyond is slashing 7% of its corporate staff months after a group of activist investors condemned the brand. Here are 10 of the most brutal criticisms that were lobbed.

Bed Bath & Beyond is slashing 7% of its corporate staff as the struggling company attempts to repair its business. Activist investors released a presentation in late April slamming Bed Bath & Beyond for everything from messy stores to CEO pay. Slide after slide of the presentation described different parts […]
Bed Bath & Beyond is slashing 7% of its corporate staff months after a group of activist investors condemned the brand. Here are 10 of the most brutal criticisms that were lobbed.