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
News

Costco reportedly didn’t close its corporate offices after an employee who worked there died from the coronavirus, and employees are angry

A Costco employee at the company’s Issaquah offices reportedly died after testing positive for the coronavirus. The corporate office did not close and employees are still expected to come into work, Buzzfeed reported. Costco declined to comment for this story. Visit Business Insider’s homepage for more stories. Costco’s Issaquah, Washington […]
Costco reportedly didn’t close its corporate offices after an employee who worked there died from the coronavirus, and employees are angry
Markets

Dick’s Sporting Goods falls sharply after giving a weak outlook for 2019

Dick’s Sporting Goods fell nearly 7% early Tuesday after giving a weak 2019 sales outlook. The report signalled continued weakness in the sector, with rival Modell’s Sporting Goods announcing the hiring of a restructuring adviser. Watch Dick’s Sporting Goods trade live. Dick’s Sporting Goods narrowly beat consensus estimates for fourth-quarter […]
Dick’s Sporting Goods falls sharply after giving a weak outlook for 2019
Markets

Myer shares are surging on talk of a takeover by David Jones

David Jones is reported to be considering an offer for rival Myer. Myer sales have been sliding in an increasingly competitive retail environment. David Jones is said to have appointed advisers to help look at a deal. Shares in department store Myer jumped following a report of a possible acquisition […]
Myer shares are surging on talk of a takeover by David Jones