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Real-time News
GameStop (GME.N) rose 4% in pre-market trading after the company announced it was awarding CEO Ryan Cohen a long-term performance bonus.GameStop (GME.N) announced that it has granted CEO Ryan Cohen a long-term performance award. The award includes options to purchase 171.5 million shares of the companys stock, with the first tranche of options granted if the companys market capitalization reaches $20 billion. The overall plan aims to incentivize management to drive the companys market capitalization toward a target of $100 billion.On January 7th, former French Prime Minister Dominique de Villepin stated that any US attack on Greenland would cross a red line for Europe. This followed the White Houses declaration that President Donald Trump did not rule out the possibility of using force to seize the semi-autonomous Danish territory. He added that any US aggression would be "unprecedented," as it would be tantamount to the most powerful nation within NATO attacking another member of the military alliance. Danish Prime Minister Mette Frederiksen stated earlier this week that a Trump attack on Greenland would mean the end of NATO. Trump has long argued that the US must control Greenland to ensure its own security.On January 7th, S&P Global Market Intelligence economist Diego Iscaro stated in a report that the Eurozones December inflation data is unlikely to change the European Central Banks (ECB) established policy. The inflation rate fell to 2.0% from 2.1% in November, reaching the ECBs target. He noted, "We still expect the ECB to keep interest rates unchanged for the foreseeable future." Iscaro explained that this is especially true given that the services sector inflation rate remains high at 3.4%, and January data will be released before next months meeting. He believes, "Lower inflation is good news for Eurozone households, although its positive impact may be limited by slower wage growth."January 7th - Bets on artificial intelligence companies have dominated the U.S. stock market over the past three years, driving a 78% gain. Now, a growing number of investors are betting that this rally, led by the "Big Seven" tech giants, is coming to an end. "I call it AI fatigue," said Ed Yardeni, president and chief investment strategist at Yardeni Research. "Im tired of it, and I suspect a lot of others are cautious about the whole thing." This shift, though subtle, has been ongoing since the S&P 500 hit a record high in late October, triggering a sell-off in November. Bloombergs Big Seven index has fallen 2% from October 29th to Mondays close, while the S&P 493 has risen 1.8%. Doug Peta, chief U.S. investment strategist at BCA Research, believes the AI trade still has room to rise, despite concerns about unsustainable capital expenditures and overvaluation. Meanwhile, AI investors are becoming more discerning. The once-common trading pattern of rising prices for anything even remotely related to AI has fractured, with former AI darlings like Oracle suffering heavy losses.
