Category: Business

This week, the investing world looked on with a mix of admiration and horror as members of a Reddit forum devoted to stock trading collectively sent shares of a seemingly moribund company through the roof. The struggling video game retailer GameStop soared as Reddit users egged each other on to buy, cleverly taking advantage of […]

The co-founder of the subreddit WallStreetBets says he never expected the forum to become the force it is now, with hordes of amateur investors driving up stock prices in a showdown with Wall Street short-sellers. “I don’t envy any of them,” WallStreetBets founder Jaime Rogozinski told Julia Chatterley on CNN Thursday. “I’m enjoying this from […]

GameStop traders sent the stock on a wild ride Thursday. The stock plunged more than 40% Thursday after surging nearly 40% at one point earlier in the day. Adding to the drama? Robinhood said it was restricting trading in the red hot stock as well as several others. “We continuously monitor the markets and make […]

Robinhood’s free-trading revolution helped pave the way to the recent Reddit mayhem on Wall Street. The rise of Robinhood means that the ability to buy stocks, on a whim, is now at everyone’s fingertips. Robinhood has opened investing up to the masses. Rival online brokerages were forced to mimic Robinhood’s zero-commission business model, and some […]

General Motors said Thursday it plans to be carbon neutral by 2040 in its global operations and hopes to offer only zero-emissions vehicles by 2035. The largest US automaker, GM (GM) had previously announced that it was working towards an “all electric future,” but it had not set any target date for achieving that goal. […]

Food tends to eat up a healthy portion of our budget. We often don’t consider how much we’re spending at the supermarket because food is a necessity. But many of us are spending more than we have to. “I call the food budget the silent killer of budgets,” said Kumiko Love, owner of personal finance […]

Tesla has added some new upgrades to its Model S sedan, including a new rectangular steering wheel that looks like it belongs in a race car or an airplane, and its new super fast Plaid Mode with an option for an extended 520-mile driving range. Cars with Plaid Mode have batteries and three electric motors […]