Following reports that Pres. Trump may target import tariffs on Copper (/HG), Kevin Green dives into how that impacts the U.S. economy.
GameStop jumped on Wednesday as the shares that were once at the center of "meme stock" trading frenzy caught investor attention again with the video game retailer making its move into cryptocurrencies.
GameStop Corp (NYSE:GME) shares are up 13% premarket on Wednesday after the company announced plans to invest in bitcoin. The board unanimously approved an update to its investment policy, allowing the video game retailer to hold Bitcoin as a treasury reserve asset.
A memecoin named after GameStop Corp. GME skyrocketed to triple-digit gains Tuesday after the video game retailer adopted Bitcoin BTC/USD as a treasury reserve asset.
GameStop said in a Tuesday (March 25) press release that its board voted unanimously to add bitcoin as a treasury reserve asset.
The move comes shortly after President Trump's executive order, signed earlier this month, to establish a strategic reserve of cryptocurrencies.
GameStop (GME) reported fourth quarter sales of $1.28 billion, down about 28% from the year prior. The stock rose in after-hours trading, however, after the company announced it will add bitcoin as a "treasury reserve asset.
GameStop (GME) updated its corporate investment policy to include Bitcoin, sending shares higher in extended trading Tuesday.
GameStop Corp (NYSE:GME) shares moved higher afterhours as the video game retailer posted a fourth quarter earnings beat. For the fourth quarter, which ended on February 1, GameStop saw its adjusted earnings per share increase to $0.30 from $0.22 in the year-ago quarter, far exceeding the $0.08 expected by analysts.
GameStop (GME), which Dave Mazza calls the "original" meme stock, reports earnings after the bell. He notes a lower implied volatility this quarter but cites issue with its core business as problematic ahead.
GameStop Corp GME will report its fourth-quarter earnings on Tuesday. As the company reports after market hours, Wall Street expects 8 cents in EPS and $1.48 billion in revenues.
Fresh inflation data, housing market data, and earnings from meme stock GameStop (GME) highlight this week's calendar for investors.