meme stock

GameStop CEO Ryan Cohen is aggressively pursuing eBay, despite its board’s rejection and market skepticism. Cohen withdrew a substantial personal bonus plan, aiming to refocus on the strategic eBay acquisition. While GameStop claims financing is secured, details remain scarce. eBay, meanwhile, is performing well under its current strategy. Analysts question the feasibility and wisdom of the deal for GameStop shareholders.

Markets await the PCE price index for Fed cues. Chipmakers surge on strong Micron and Qualcomm earnings. A bipartisan housing bill faces political hurdles. Oil prices ease as Strait of Hormuz traffic resumes. Toyota gains automotive market share over GM. Wendy’s stock soars due to meme stock interest.