'Reddit rally' stocks bounce on day after selloff, then dip after hours

GameStop and other social media darlings rebounded in calmer trading on Wednesday from their sharp sell-off in the prior session as investors turned their focus to the possibility of tighter U.S. trading regulations.

U.S. Treasury's Yellen to meet financial regulators Thursday to discuss volatility

U.S. Treasury Secretary Janet Yellen will meet top financial regulators on Thursday to discuss recent volatility in financial markets driven by trading in stocks, including GameStop Corp, the Department of Treasury said.

Koss family rakes it in from Reddit-fueled rally

The family behind Koss Corp and some of the company's top executives raked in about $45 million from a surge in the headphone maker's stock price during a retail trading blitz that rocked Wall Street last week.

Oil rises on economic optimism, tightening supplies

Oil ticked up on Thursday on strong U.S. economic data, falling inventories and the OPEC+ decision to stick to its output cuts, but a stronger U.S. dollar limited the gains.

McKinsey to pay $600 million to settle with U.S. states over opioid crisis role

Consulting firm McKinsey & Company on Thursday said it has agreed to pay nearly $600 million to resolve investigations by most U.S. states into its alleged role in "turbocharging" sales of opioids, fueling a nationwide epidemic.

Global equities markets rise on better outlook, dollar gains

Global equities rose for a fourth day of gains on Thursday as signs of a stable U.S. labor market, a revitalized dollar and rising bond yields turned attention to economies on the mend rather than the recent trading feud sparked by retail investors.

Merck CEO Kenneth Frazier to retire at the end of June

Merck & Co Inc said on Thursday Kenneth Frazier, one of only a handful of Black executives leading major U.S. companies, will step down as chief executive officer at the end of June and be replaced by Chief Financial Officer Robert Davis.

Wall Street extends recent gains amid upbeat earnings, economic data

U.S. stocks were higher on Thursday, extending recent gains after another batch of upbeat earnings and data suggesting the labor market may be stabilizing.

GameStop stock slide accelerates; Yellen promises scrutiny

The slide in shares of GameStop Corp and other recent favorites of retail investors deepened on Thursday, while U.S. Treasury Secretary Janet Yellen said she needed to "understand deeply" the trading frenzy that has gripped Wall Street.

Ford cuts output of F-150 pickups due to semiconductor shortage

Ford Motor Co said Thursday it is cutting shifts at two plants that build its highly profitable flagship F-150 pickup trucks starting next week due to a global shortage of semiconductor chips, raising fears the problem could be worsening.

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