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GameStop loses CEO in latest management shakeup 04/19/2021 12:28 (Reuters) - GameStop Corp's George Sherman will step down as chief executive officer in the biggest shakeup at the video game retailer, giving top shareholder Ryan Cohen more control as he leads the company's shift to e-commerce. The company's shares, which were at the heart of a Reddit-driven trading frenzy, jumped 9% in premarket trade on Monday after GameStop said Sherman would resign on or before July 31 and that it had started looking for a successor. Reuters had earlier reported that GameStop's board was working w...

Wall Street's main indexes dipped on Monday although the S&P 500 and the Dow were still near record levels, as investors anticipated first-quarter earnings season for any hints that corporate... | April 19, 2021

S&P 500, Dow slip from record highs; Coca-Cola rises on results By Shivani Kumaresan Reuters (Reuters) - Wall Street's main indexes dipped on Monday although the S&P 500 and the Dow were still near record levels, as investors anticipated first-quarter earnings season for any hints that corporate America was rebounding from the impact of the COVID-19 pandemic. Coca-Cola Co trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts. Its shares slipped about 0.1% in early trading. IBM Corp, another blue-chip company, slip...

Futures dip after S&P 500, Dow hit record closing highs By Shivani Kumaresan Reuters (Reuters) - U.S. stock index futures eased on Monday after the S&P 500 and the Dow closed at record highs in the previous session, while investors geared up for quarterly earnings reports from Coca-Cola and IBM. The world's largest soda maker dipped 0.4% premarket ahead of its first quarter report. Technology company IBM is slated to post its results after markets close. About 79 S&P 500 companies are due to report earnings this week including Johnson & Johnson, Netflix Inc, Intel Corp, Honeywell and Schl...

GameStop Corp's George Sherman will step down as CEO at the end of July  Company shares rose 8% before the opening bell on Wall Street on Monday  Less than two weeks ago, the Grapevine, Texas, company announced the nomination of Chewy founder Ryan Cohen as chairman of the board  Former CFO, Jim Bell, and former chief customer officer, Frank Hamlin, are among the senior executives who have also left the company in recent weeks  The changes have  coincided with the meteoric January rise of GameStop's shares thanks to the so-called 'Reddit rally'