GameStop is sitting on a lot of cash, waiting to make its next move. While GameStop (GME 0.48%) once looked destined to go the way of the dodo bird, CEO Ryan Cohen’s efforts have led to a turnaround at the company. This was once again on display when the company reported its fiscal second-quarter results. […]
CEO Ryan Cohen Is Turning GameStop Around, But Does That Make the Stock a Buy? Read More »
Key Takeaways GameStop’s second-quarter results exceeded analysts’ estimates on strong sales of hardware and collectibles. The video game retailer also announced it had purchased 4,710 bitcoin in the quarter, with a value of $528.6 million as of Aug. 2, when the quarter ended. GameStop will distribute a special dividend to shareholders next month in the
GameStop Stock Rises as Earnings Top Estimates, Company Buys Bitcoin Read More »
Key Takeaways Inflation data for August comes ahead of a key interest rate decision later this month. Apple is expected to unveil its iPhone 17 at an event this week. Nvidia, Meta, and Microsoft are among the companies presenting at a major technology investment conference. Financial reports from Oracle and GameStop highlight the corporate earnings
August Inflation Data, Apple iPhone Event, Updates From Nvidia, Oracle, GameStop Read More »