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(Reuters) -Shares of GameStop tumbled for a second consecutive session on Monday, extending deep losses after stock influencer Keith Gill's return to YouTube last week failed to spark fresh investor enthusiasm for the struggling shopping mall retailer.
The major U.S. stock indexes saw minor gains as investors remained cautious ahead of the Consumer Price Index report and a Federal Reserve policy announcement. The central bank is expected to hold interest rates steady, with investors seeking clues on future rate cuts. Apple shares dropped, while Southwest Airlines saw gains.
U.S. natural gas production will drop more this year than earlier estimates and demand will hit a record, the U.S. Energy Information Administration said in its Short Term Energy Outlook on Tuesday. ... -June 11, 2024 at 04:38 pm EDT - MarketScreener
LOS ANGELES (Reuters) -Media heiress Shari Redstone abruptly ended talks with David Ellison's Skydance Media on Tuesday, killing the potential sale of a controlling stake in Paramount Global to the independent studio, sources familiar with the negotiations said. The move by Redstone, Paramount's largest shareholder, came just as it appeared an agreement was near. A special committee of Paramount's board had been scheduled to discuss a proposed deal when it received word that Redstone had called off discussions.
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