The struggling video game retailer’s stock has been making stupefying moves this month, wild enough to raise concerns from professional investors on Wall Street to the hallways of regulators and the White House in Washington.
GameStop stock has rocketed from below $20 earlier this month to close around $350 Wednesday as a volunteer army of investors on social media challenged big institutions who had placed market bets that the stock would fall.
Walgreens says it will now have the flexibility to invest in and focus on its retail business which, like others, has been rattled by the COVID-19 pandemic.
“This is a make or break moment for the state of Illinois, for making sure people are doing everything they can to mitigate, to reduce the spread,” the governor said. “This is a moment for us to enforce the masking requirement across the state.”
As part of our ongoing series, we speak with local officials and activists about Evanston’s reopening and recent calls for police reform in the near north suburb.
“Bravery means that you’re fearful,” Ariel Investments President Mellody Hobson said to an audience of 1,600 during the annual Women in the Forefront luncheon last week. “You cannot be brave without fear. I think that’s more important than anything else, especially for women.”
Crain's Chicago Business deputy managing editor Ann Dwyer takes a closer look at the top business stories of the week, including Motorola Solutions' announcement that it will move from the suburbs to downtown, and news of a developer eyeing the Old Chicago Main Post Office.
Tech Stock Drama
The volatility of tech stocks are apparent today with an 18 percent plummet for Groupon as it moves from email-based business to a marketplace setting. Twitter also took a 20 percent hit this week. But analysts are buzzing about Chinese e-commerce giant Alibaba, some say it could have the largest initial public offering in tech history.
No one can dispute Arianna Huffington’s success in the business world. But after an accidental fall from exhaustion and lack of sleep, Huffington began asking herself – Is this really what success feels like? She shares her secrets on success. Read an excerpt of Huffington's book.
Chicago's $20 Million Club
We’ll talk to Joe Cahill of Crain’s Chicago Business about Chicago’s $20 million club – the small group of area CEOs that earned $20 million or more last year. View a graphic of Chicago's top-earning CEOs.
In one of the biggest acquisitions in American history, Comcast has agreed to buy Time Warner Cable for $45 billion in stock. The deal would give Comcast approximately a third of the national cable market. So what would it mean for customers when the United States' number one cable operator buys the number two company? And will both the Federal Communications Commission and the Justice Department approve the massive deal?
A community is divided by a plan to redevelop the site of the former Children's Memorial Hospital. We'll hear why opponents of the proposal may no longer have a voice in the matter.
Joel Weisman and his panel of journalists take a look at the prospects for local retailers this holiday season.
Black Friday Business Special
Joel Weisman and his panel of journalists continue the conversation about holiday shopping and our local economy in our web extra video.