Prediction markets traders aren’t confident in GameStop’s ability to take over eBay, according to contracts launched on Monday. Traders on Kalshi give GameStop just a 26% chance to pull off the acquisition in 2026, though total trading volume on the new contract was low at just over $2,000. GameStop announced on Sunday that it was…
A sign is posted in front of the eBay headquarters in San Jose, California. Justin Sullivan | Getty Images U.S. video game retailer GameStop announced Sunday it has made an unsolicited, non-binding offer to acquire eBay for $125 per share in a cash-and-stock deal, valuing the e-commerce platform at roughly $55.5 billion. The offer, split…
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Sony on Friday said it will raise prices on its range of flagship PlayStation 5 consoles for the second time in less than a year, citing “pressures in the global economic landscape.” In the U.S, the PS5 disc edition will…
Investors may catch their breath next week as earnings season winds down and only a few meaningful economic reports are released. The Iran war will remain front and center. Stock selling accelerated Friday into the close after Reuters reported that Iraq had declared force majeure on all oil fields operated by foreign companies. Oil prices spiked on…
The gap is widening between rival toy makers Hasbro and Mattel — thanks in part to a 30-year-old trading card game. The toy giants have flip-flopped dominance in the space for decades, jockeying for the most coveted master licenses to put new fan favorites — Disney princesses and “Star Wars” characters among them — on…
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, Jan. 10, 2025. Angelika Warmuth | Reuters Silver prices slid as much as 16% on Thursday, snapping a two-day rebound, as the white metal continues to reel from excessive volatility. Spot silver prices were last down…
A vendor shows various models and weights of silver bullion at a gold jewellery manufacturer in “El Sagha”, as gold prices recorded an increase after a devaluation of the local currency, at the gold market area in Cairo, Egypt January 14, 2024. Amr Abdallah Dalsh | Reuters Silver’s rapid surge and equally dramatic reversal in…
Dollar General and Aldi logos. Reuters Store openings in the U.S. are expected to rise and store closures fall this year compared to the 2025, with value retailers leading the growth as they continue to attract more of consumers’ dollars, according to an analysis by Coresight Research. Overall, Coresight projects that U.S. retailers will close…
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition….
A trader works as a screen displays the trading information for GameStop on the floor at the New York Stock Exchange. Brendan McDermid | Reuters The GameStop stock frenzy and the retail trading revolution it created five years ago were fueled in part by a financial malaise among younger investors, according to experts. That generational…
