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CBS News' Nancy Chen reports on the GameStop hearing in which Reddit trader Keith Gill, aka "Roaring Kitty," appeared before Congress, along with the CEOs of Reddit, Robinhood and hedge fund Melvin Capital Management.
Online brokerage executive is expected to face questioning about why he restricted trading in high-flying stocks.
Some Reddit users took advice from the "WallStreetBets" forum and made big money on GameStop stock. Now a 20-year-old college student who cashed in is using some of that newfound wealth for good, buying gifts for a children's hospital.
Reddit personality and YouTuber is still up on his investment, but much less than a week ago when he shot to fame.
Investing app Robinhood recently found itself embroiled in controversy this past week when it moved to restrict trading of shares of several companies like GameStop and AMC. The move resulted in intense backlash from users. New York Times finance and technology reporter Nathaniel Popper joins CBSN's Elaine Quijano to discuss.
Moderators of Reddit's WallStreetBets forum say they're seeing a large amount of stock-recommendation content being posted by bots. MoneyWatch senior reporter Stephen Gandel joins CBSN AM to break down the latest information on the forum, which caused a stir as members bought Gamestop stock, driving the price up.
Democrats, GOP far apart on stimulus despite White House meeting between President Biden and Senate Republicans; Reddit group WallStreetBets hit by bot activity
One research firm believes that as much as 97% of the posts on WallStreetBets could be generated by bots, not people.
GameStop isn't the only struggling company whose stock has surged after retail investors flooded in.
The titans of finance were shaken by a subculture of amateur traders on WallStreetBets, whose viral stock purchases sent hedge funds reeling.
Stock sales by GameStop and BlackBerry insiders raise questions about their comp. "It's pay for luck," one expert said.
Reddit board Wallstreetbets seems to have driven a near-2,000% rise in the stock price of troubled video game retailer.
The decision has sparked fierce backlash from users and lawmakers.
Thanks to a group on Reddit with millions of followers, individual investors have sent the value of GameStop's stock soaring this week, shocking Wall Street investors who bet big on the retailer's decline. The Securities and Exchange Commission and the White House both said they are monitoring the situation. CBS MoneyWatch's Stephen Gandel and CBSN technology reporter Dan Patterson join CBSN AM to break down what this all means.
Small investors using a Reddit forum appear to have driven the stock of the struggling retail chain GameStop up nearly 800% and it's causing some major financial losses for seasoned Wall Street investors. Vladimir Duthiers has the details. CBS News business analyst Jill Schlesinger also joins "CBS This Morning" to discuss.
Individual investors, fueled by social media posts, bought up GameStop stock, artificially inflating the price. The move caused Wall Street firms to take a hit. Manuel Bojorquez has more.
Investors in popular Reddit group push retailer's stock and are accused of threatening those betting against it.
The popular subreddit was shut down because it continuously violated its hate speech policy.
Reddit banned "The_Donald," a pro-Trump forum with over 790,000 users during a hate speech crackdown in which it took down several groups that it says violated the site's rules of conduct. The site says the group violated its policies by allowing people to target and harass others.
Ohanian said he made the decision to resign from Reddit's Board of Directors for his and Williams' 2-year-old daughter
Reddit co-founder Alexis Ohanian, who is married to tennis superstar Serena Williams, resigned from his company's board on Friday. He told "CBS This Morning" co-host Gayle King he did it because he wanted his 2-year-old daughter, Olympia, "to be proud of her father."
"I'm saying this as a father who needs to be able to answer his black daughter when she asks, 'What did you do?'," the Reddit co-founder said.
American conspiracy theories are entering a dangerous new phase, according to a new piece from The Atlantic. It delves into the dangers that could lie ahead if we dismiss conspiracy theories, like that of the pro-Trump QAnon. Adrienne LaFrance, executive editor of The Atlantic, wrote the story and joined CBSN to discuss.
Among the gifts she received was a donation to the American Heart Association in memory of her mother, who died earlier this year.
The anonymous author who wrote a book and op-ed allegedly documenting the inner workings of the White House said Tuesday on Reddit that he or she plans to reveal their identity at some point. Anonymous -- who has so far been identified only as "a senior official in the Trump administration" -- pledged that "Donald Trump has not heard the last of me."
South Korean President Yoon Suk Yeol accused the country's opposition of controlling the parliament and sympathizing with North Korea.
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
The Supreme Court on Wednesday will consider the constitutionality of a Tennessee law that prohibits gender-affirming care for minors experiencing gender dysphoria.
Senate Democrats met Tuesday morning to elect their leadership for the next two years, after Republicans flipped the chamber in the 2024 elections.
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
Estimates show Americans drink twice as much during the holiday season as they normally do. Here's how the extra alcohol can impact your health.
A new Enron website appeared on Monday to proclaim its relaunch. It's been 23 years since the energy company went up in smoke.
Missouri is set to carry out its fourth execution this year on Tuesday night. The man condemned to death was convicted in a 9-year-old girl's 2007 murder.
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
A pregnant woman in Williamson County avoided disaster when her car's brakes failed and a deputy used a rolling roadblock to bring the vehicle to a safe stop.
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
Frontier is adding premium seating tier to its offerings. Here's what it will look like, and when it will be available.
General Motors is adding over 132,000 heavy-duty pickups in the U.S. to a previous recall for tailgate release switches that can short circuit and open the gates while the trucks are in park.
A new Enron website appeared on Monday to proclaim its relaunch. It's been 23 years since the energy company went up in smoke.
Social Security beneficiaries have some changes coming in December and January, due to quirks of the calendar and a payment hike.
President-elect Donald Trump said he is "totally against" Japan's Nippon Steel buying U.S. Steel.
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
South Korean President Yoon Suk Yeol accused the country's opposition of controlling the parliament and sympathizing with North Korea.
The Supreme Court on Wednesday will consider the constitutionality of a Tennessee law that prohibits gender-affirming care for minors experiencing gender dysphoria.
Senate Democrats met Tuesday morning to elect their leadership for the next two years, after Republicans flipped the chamber in the 2024 elections.
Estimates show Americans drink twice as much during the holiday season as they normally do. Here's how the extra alcohol can impact your health.
Feds find 11 kids illegally employed for at least 4 years at Seaboard Triumph Foods facility in Sioux City, Iowa.
A Yale study showed that older people with more positive beliefs about aging lived an average of 7.5 longer than people who equated aging with disease and decline. Actress and activist Jane Fonda and anti-ageism advocate Ashton Applewhite present "Sunday Morning" viewers with a key to living a longer life, by maintaining a better outlook.
President-elect Donald Trump's pick to lead the Department of Health and Human Services, Robert F. Kennedy Jr., says fluoride can cause health problems and wants it removed from our drinking water. CBS News medical contributor Dr. Celine Gounder, editor-at-large for public health at KFF Health News, has more on the risks and benefits that come with fluoride.
The man's attorneys said the punitive and compensatory damages total the largest amount to ever be awarded by a jury in a medical malpractice case in the U.S.
A Chinese national living in California is accused of exporting guns and ammunition to North Korea at the direction of North Korean agents.
Notre Dame is set to reopen this weekend after a 2019 fire, with a grand celebration.
South Korean President Yoon Suk Yeol accused the country's opposition of controlling the parliament and sympathizing with North Korea.
The stash of over 1,300 coins has become known as the Worcestershire Conquest Hoard.
Iran has released dissident rapper Toomaj Salehi more than two years after his backing of women's rights protests over Mahsa Amini's death landed him in prison.
The New York Film Critics Circle, one of the nation's oldest and most venerated critics' groups, is kicking movie awards season into high gear Tuesday as they select their choices for the best of 2024.
Jon M. Chu, the director of the movie "Wicked," spoke with "CBS Mornings" about working with Cynthia Erivo and Ariana Grande, along with the connection fans have with the film.
Actors Mindy Kaling and Morris Chestnut will reveal nominees for the 82nd Annual Golden Globe Awards on Dec. 9 during a live announcement on "CBS Mornings" and CBSNews.com.
Exclusively on "CBS Mornings Plus," YouTube's Culture and Trends lead Maddy Buxton joins us to reveal YouTube's top trends for 2024.
Jon M. Chu, the director behind the smash-hit "Wicked," joins "CBS Mornings" to talk about how he turned the beloved Broadway musical into a record-breaking blockbuster that has earned over $360 million worldwide.
Hackers' favorites top this year's list of most common passwords, with "123456," "password" and "qwerty123" leading the pack. Experts warn these choices make your accounts an easy target.
Bluesky has added millions of new subscribers in the last month as some users leave X. Here's what to know.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
In California, a company is running a pilot program for drone food delivery. Itay Hod takes a look at how the service works.
Canada's Competition Bureau says that an investigation found the company "unlawfully" tied together its ad tech tools to maintain its dominant market position.
CBS News tracked plastic cups meant to be recycled by Starbucks and found that most of those did not end up at recycling facilities. CBS News' David Schechter breaks down the investigation's findings.
Scientists now have a clearer picture of Camp Century, an abandoned U.S. military base long hidden under the ice in Greenland, thanks to a NASA research team's good luck.
Negotiators are far apart as the United Nations tries to work out the world's first treaty to curb plastic pollution. Issues creating roadblocks include limiting new manufacturing of plastic and the potential phasing out of some chemicals. For more on the talks, CBS News was joined by Erin Simon, vice president and head of plastic waste and business for the World Wildlife Fund in the U.S.
Forensic pathologists hope advanced DNA testing technology will enable them to attach names to all the unidentified people at the Honolulu Medical Examiner's Office.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
The gang and racketeering case involving rapper Young Thug ended as his co-defendants were acquitted of murder charges.
Truong My Lan was convicted of swindling money from Saigon Commercial Bank (SCB) and sentenced to death for fraud totaling $27 billion.
A Michelin-starred chef called on the thieves who stole his van, along with 2,500 meat pies inside it, to embrace the holiday spirit.
Mamta Bhatt's body still has not been found, but investigators linked her DNA to the blood found in the couple's home, police said.
A South Carolina woman will spend 25 years in prison for a drunken crash that killed a bride on her wedding day in April 2023. Jamie Lee Komoroski pleaded guilty to several charges, including felony DUI. CBS News' Skyler Henry is outside the courthouse with more.
The Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Cayley Mandadi's mother and stepfather go to extreme lengths to prove her death was no accident.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
China has banned exports to the U.S. of some materials essential to the manufacturing of electronics and some military equipment. It comes in response to Washington's chip sanctions on Beijing. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
President-elect Donald Trump's Cabinet choices have been making the rounds on Capitol Hill to meet with the senators who will vote for their confirmation, but defense secretary pick Pete Hegseth has so far kept his meetings to those who have been firm in their support of Trump. Hegseth is facing renewed allegations of misconduct from when he was part of a veterans charity in 2016. CBS News congressional correspondent Scott MacFarlane has more on that and talks over federal disaster relief funds.
In 1979, 60 Minutes' Morley Safer profiled powerful attorney Roy Cohn, former aide to Senator Joseph McCarthy and one of the authors of McCarthyism.
Exclusively on "CBS Mornings Plus," YouTube's Culture and Trends lead Maddy Buxton joins us to reveal YouTube's top trends for 2024.
Last week's ceasefire between Israel and Hezbollah is in a fragile spot with Israel on Monday launching its largest wave of airstrikes across Lebanon since agreeing to the deal. Israel's military said it struck Hezbollah targets after the militant group launched two projectiles toward Israeli-held territory. CBS News contributor Robert Berger has more on that and on President-elect Donald Trump's warning to Hamas to release the hostages in Gaza before his inauguration.