The strange but true reason why GameStop's stock keeps surging

GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than 275% so far in 2021?

News: What you need to know about the markets     The strange but true reason why GameStop's stock keeps surging GameStop is expected to lose money this year and next year. Sales growth is sluggish as fewer gamers need to go to stores — or even shop online — when they can download new titles directly from their consoles, PCs, phones or tablets. So why are shares of the video game retailer up more than 275% so far in 2021? Read more »   AMC's CEO believes his movie theaters will survive through 2021 Adam Aron is in a surprisingly good mood for a CEO of a struggling theater chain that recently said it might not make it through the winter. Read more »   Is the stock market in a bubble? The debate is heating up As stocks hit record highs, Wall Street banks are getting more and more inquiries about whether the boom, which has some parallels to the dot-com era, will result in a similar bust. Read more »   Apple issues new warning: Keep your iPhone six inches away from your pacemaker An important heads-up for iPhone owners: Apple is warning customers that its smartphones could interfere with medical devices, including pacemakers. Read more »   The megarich have already recovered from the pandemic. It may take the poor a decade to so do Nine months. That's how long it took the world's top 1,000 billionaires to recoup their fortunes after the coronavirus pandemic hit. Read more »   Budweiser is skipping the Super Bowl for the first time in nearly four decades Budweiser's Clydesdale horses have become synonymous with the Super Bowl. But this year, they're getting a rest: For the first time in 37 years, the beer company isn't advertising during the Super Bowl. Read more »

Dow Nasdaq S&P -36.98   +92.93   +13.89 30,960.00   13,635.99   3,855.36 -0.12%   +0.69%   +0.36% YTD +1.16%   YTD +5.80%   YTD +2.64%

Biggest Winners Iron Mountain Inc +6.50%   Clorox Co +4.75%   J M Smucker Co +4.11%   Sempra Energy +3.72% Biggest Losers TechnipFMC PLC -5.89%   Westrock Co -5.46%   Nov Inc -5.29%   Baker Hughes Co -5.05%

Hottest ETF NYSE Market Volume

Key Market Stats Latest Today's Change Oil $52.81 +0.04 / +0.08% Gold $1,855.00 -0.20 / -0.01% 10-yr 1.04% -0.05 Euro $1.21 -0.00 / -0.21%

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