US Markets

Caterpillar flags signs of recovery amid slack demand

Andrew Bonfield, Caterpillar's financial chief, said in an interview that while a rebound in home construction was boosting purchases for some machinery, spending cuts by local and state governments were weighing on road construction.

Famed GameStop bull 'Roaring Kitty' is a Massachusetts financial adviser

Keith Patrick Gill is the person behind the Roaring Kitty YouTube streams which, along with a string of posts by Reddit user DeepF***ingValue, helped attract a flood of retail cash into GameStop, burning hedge funds who had bet against the company and roiling the broader market.

Facebook shuts popular stock trading group amid GameStop frenzy

(Reuters) - Facebook Inc took down a popular Wall Street discussion group, Robinhood Stock Traders, in a move that its founder on Thursday described as backlash for conversations buoying shares of GameStop Corp and other companies this week.

Citadel shoots down Robinhood link

Billionaire Ken Griffin's hedge fund Citadel LLC and the market maker Citadel Securities say they had nothing to do with the app Robinhood suspending some trading in stocks that have recently experienced a surge in volatility.

Why GameStop's stock surge is shaking Wall Street

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.

Short squeezes: Everything you need to know about the recent investing movement

Obviously, this level of volatility is highly unusual. The recent price action in GameStop and several other stocks can be attributed to a phenomenon known as a short squeeze. Here's a closer look at what that means, how it works, and why it can cause massive spikes in stock prices like we've seen this week.

S&P 500 plunges into negative territory for 2021

U.S. equity markets were under pressure Wednesday after the Federal Reserve kept policy on hold and investors grappled with the ongoing short squeeze in a number of companies' shares.