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FILE - In this May 7, 2020 file photo, a GameStop store is seen in St. Louis. Two hedge funds are bowing out of their short positions on the money-losing video game retailer. Citron Research’s Andrew Left said in a video posted on YouTube that his company is going to become more judicious in shorting stocks. Melvin Capital is also exiting GameStop, with manager Gabe Plotkin telling CNBC that the hedge fund was taking a significant loss. (AP Photo/Jeff Roberson, File)

In duel with small investors over GameStop, big funds blink

Jan. 27, 2021 8:12 PM EST

Across most of America, GameStop is just a place to buy a video game. On Wall Street, though, it's become a battleground where swarms of smaller investors see themselves making an epic stand against the 1%. The funds serving the financial elite are starting to walk away in defeat. Big bets they made that...

Closing prices for crude oil, gold and other commodities

Jan. 27, 2021 3:56 PM EST

Benchmark U.S. crude oil for March delivery rose 24 cents to $52.85 a barrel Wednesday. Brent crude oil for March delivery fell 10 cents to $55.81 a barrel. Wholesale gasoline for February delivery was unchanged at $1.58 a gallon. February heating oil rose 1 cent to $1.61 a gallon. February natural gas rose 10...

FILE - In this May 14, 2019, file photo a flag flies the outside of the corporate headquarters building of health insurance company Anthem is shown in Indianapolis.  Anthem and Wall Street are starting 2021 with different ideas for how the health insurer’s year will turn out. The Blue Cross-Blue Shield insurer said Wednesday that it expects adjusted annual earnings to be greater than $24.50 per share, counting hits it expects from the COVID-19 pandemic and a recently passed Congressional spending bill.  (AP Photo/Michael Conroy, File)

Insurer Anthem underwhelms Wall Street with 2021 forecast

Jan. 27, 2021 11:01 AM EST

INDIANAPOLIS (AP) — Anthem and Wall Street are starting 2021 with different ideas for how the health insurer’s year will turn out. The Blue Cross-Blue Shield insurer said Wednesday that it expects adjusted annual earnings to be greater than $24.50 per share, counting hits it expects from the...

Closing prices for crude oil, gold and other commodities

Jan. 26, 2021 4:35 PM EST

Benchmark U.S. crude oil for March delivery fell 16 cents to $52.61 a barrel Tuesday. Brent crude oil for March delivery rose 3 cents to $55.91 a barrel. Wholesale gasoline for February delivery rose 2 cents to $1.58 a gallon. February heating oil was flat at $1.60 a gallon. February natural gas rose 5 cents to...

FILE - This Oct. 21, 2019 file, photo shows Johnson's Baby Aloe & Vitamin E Powder in Salt Lake City. Johnson & Johnson reported a strong finish to the year, overcoming the disruption of the global pandemic on some parts of its business like medical devices.  The New Brunswick, New Jersey-based company said it had profit of 65 cents per share. (AP Photo/Rick Bowmer, File)

J&J 4Q sales rise despite pandemic, but charges cut profits

Jan. 26, 2021 12:40 PM EST

A big jump in prescription drug sales boosted fourth-quarter revenue at Johnson & Johnson, despite the coronavirus pandemic cutting into sales of products from contact lenses to surgical equipment and other medical devices used in procedures at hospitals swamped with COVID-19 patients. Profits dove 57% due to...

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Tuesday, Jan. 26, 2021. Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. (AP Photo/Vincent Yu)

Asian shares retreat after bumpy day on Wall Street

Jan. 25, 2021 11:01 PM EST

BANGKOK (AP) — Shares fell in Asia on Tuesday after a choppy session on Wall Street yielded mixed results as the market struggled to find direction. Hong Kong led other regional markets lower, dropping 1.9% to 29,587.91. Markets in Australia and India were closed for holidays. Traders are keeping a wary...

A woman wears a face mask as she walks past a GameStop store in Des Plaines, Ill., Thursday, Oct. 15, 2020. The latest battleground between the proletariat and the hedge funds serving the 1% isn’t on just any street. It’s on Wall Street. At least, that’s the view within an army of smaller-pocketed, optimistic investors who are throwing dollars and buy orders at the stock of video-game retailer GameStop. (AP Photo/Nam Y. Huh, file)

Smaller investors face down hedge funds, as GameStop soars

Jan. 25, 2021 9:04 PM EST

NEW YORK (AP) — A head-scratching David and Goliath story is playing out on Wall Street over the stock price of a money-losing video game retailer. An army of smaller-pocketed, optimistic investors is throwing dollars and buy orders at the stock of GameStop — in direct opposition to a group of...

FILE - In this March 9, 2020 photo, the Carnival Liberty leaves Port Canaveral, Fla. Carnival Cruise Line said Monday, Jan. 25, 2021, is cancelling and delaying more U.S. sailings as it continues to suffer from the pandemic’s fallout. (Joe Burbank/Orlando Sentinel via AP, File)

More cancellations for Carnival amid jumbled vaccine rollout

Jan. 25, 2021 5:23 PM EST

Carnival Cruise Line is canceling and delaying more U.S. trips at a time when new cases of COVID-19 are averaging about 170,000 per day in the country amid a jumbled rollout of vaccines. Carnival's planned seasonal service out of San Diego has been suspended until further notice, and cruises scheduled through...

Closing prices for crude oil, gold and other commodities

Jan. 25, 2021 3:57 PM EST

Benchmark U.S. crude oil for March delivery rose 50 cents to $52.77 a barrel Monday. Brent crude oil for March delivery rose 47 cents to $55.88 a barrel. Wholesale gasoline for February delivery rose 1 cent to $1.56 a gallon. February heating oil rose 2 cents to $1.59 a gallon. February natural gas rose 16 cents...

Closing prices for crude oil, gold and other commodities

Jan. 22, 2021 3:33 PM EST

Benchmark U.S. crude oil for March delivery fell 86 cents to $52.27 a barrel Friday. Brent crude oil for March delivery fell 69 cents to $55.41 a barrel. Wholesale gasoline for February delivery was little changed at $1.55 a gallon. February heating oil fell 2 cents to $1.58 a gallon. February natural gas fell 4...