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For-profit prisons fall out of favor

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U.S. President-elect Joe Biden speaks during an announcement January 16, 2021 at The Queen theater in Wilmington, Delaware.

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What's going on with GameStop's stock, and what does it mean for the rest of the market?

The price of GameStop shares was up a little over 100% Wednesday at open compared to close the day before. The jump has to do with short sellers previously betting on the stock falling, and now other investors, including day traders, buying more and more of it to pump the price up. This has actually led to some volatility in other stocks "And now, some investors are looking at this example and saying, 'I can look at other businesses where the market expects the business to decline over time, and where investors have made the bet that that decline will happen,' and they're thinking that they can profit from that in the same way that they can profit from the GameStop stock now reversing and going up," said Susan Schmidt, head of U.S. equities at Aviva Investors. That can make for a "very confusing market," Schmidt said.

Apple looks to build on strong end to 2020

by Erika Beras Jan 27, 2021
The company's fourth quarter earnings hit a new high at a time when personal devices took on added importance.

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