The wild ride for several companies targeted by short sellers showed few signs of abating Thursday as their shares erased earlier declines and resumed gains ahead of the U.S. market open.
BlackRock Inc. Vice Chairman Philipp Hildebrand said this week’s market chaos surrounding shorted stocks was a bubbly side effect of mass liquidity and the pandemic would remain the ultimate driver of prices.
Mining companies in Zimbabwe said a central-bank requirement compelling them to surrender more foreign exchange earned from mineral exports will push their operations to the brink.
GameStop Corp. resumed its rally in early U.S. trading, after a brief outage of the Reddit forum whose users have fueled the stock’s surge.
U.S. producers say they’ll prioritize returning cash to investors, but there's skepticism after the recent rally in oil prices
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