Lots of big investment firms, such as hedge funds, had bet on GameStop to lose a lot of value, meaning they borrowed shares in the company and then sold them, with a promise to buy them back at a later date. This is called “short selling” or “shorting” and the idea is to make money as the share price falls.
Huge numbers of people are expected to head to London on Monday for the funeral of Queen Elizabeth II.
“The chancellor may say he ‘believes’ in low taxes in his lecture – but the hard facts are that...
The UK’s biggest retailer, Tesco, has said that confidence is beginning to return to shoppers after it reported “strong”...
“Rising geopolitical tensions will also add to uncertainty and costs in supply chains. With a general election later this...
Figures released on Tuesday showed the unemployment rate rose to 4.8% in the three months to September, up from...
Food sales were up 7%, clothing sales down by one third, with sales in High Street and city centre...
Rachel Reeves has issued a damning assessment of the state of the UK’s finances. The new chancellor of the...
Darren Morgan, director of economic statistics at the Office for National Statistics (ONS), said in cash terms, basic pay...
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