June 7, 2024

Markets Now Friday, June 7, 2024

Analysis: Wall Street is putting its foot down as ‘Roaring Kitty’ strikes again

Keith Gill, the “Roaring Kitty” meme stock investor, revealed in a Reddit post on Sunday that he had bought nearly $116 million worth of GameStop stock.  
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‘This is me:’ Keith Gill confirms during live stream that social media posts, GameStop position are his

Keith Gill, also known as ‘Roaring Kitty,’ confirmed that he is behind the posts on his X and Reddit accounts, and that the screenshots he has uploaded on the latter platform are of his own portfolio.  
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Today is Melinda French Gates’ last day at the Gates Foundation. Here’s what she told her staff

Friday marks the last day of Melinda French Gates’ more than two-decade run as the co-chair of the Bill & Melinda Gates Foundation she ran with her ex-husband.  
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Adults are flocking to the toy aisle even more than preschoolers

Adults bought more toys for themselves than for any other age group last quarter for the first time ever, surpassing toys for even the historically-dominant preschooler market.  
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Kia recalling 463,000 Telluride SUVs because the driver’s seat can catch fire

Kia is warning owners of almost 463,000 of its popular Telluride SUVs in the United States to keep them parked outside and awy from building because the front seats could start burning.  
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Key takeaways from the blowout May jobs report

The US economy added a whopping 272,000 jobs in May, far more than expected. The unemployment rate rose to 4% from 3.9%.  
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Source: CNN Business

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