GameStop shares slumped 20% on Friday after the video game retailer announced a share sale to raise up to $3 billion even as its quarterly sales declined.
Read More GameStop spooks investors with share sale, results ahead of “Roaring Kitty” livestream
“It is time to break up Live Nation,” said U.S. Attorney General Merrick Garland.
Read More US sues to break up Live Nation-Ticketmaster
The world’s largest networking equipment maker had struggled with sluggish demand as customers adjusted piled up inventory from frenetic buying during the pandemic.
Read More Cisco rises as networking equipment demand rebound takes root
Trading in the retail investor darlings, the most actively traded NYSE stocks, were halted minutes after the market opened.
Read More GameStop, AMC drop after two days of sharp rally on ‘Roaring Kitty’ effect
If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.
Read More FTX Offers Refunds to Crypto Customers, Excludes Profits from Price Surges
Disney’s surprise profit in its streaming entertainment division was eclipsed by a drop in its traditional TV business and weaker box office.
Read More Disney’s surprise streaming entertainment profit offset by weaker TV business