Important Points On Monday, GameStop had another surge due to conjecture that Keith Gill, better known as Roaring Kitty on X and YouTube, would hold a significant role in the video game vendor. Gill, who also goes by the Reddit handle DeepF------Value, resurfaced on Sunday night and shared a screenshot of what appeared to be his portfolio, which may have included a sizable number of call options and common shares of GameStop. The trader's account snapshot on Reddit is r/SuperStonk forum shows that as of Friday's closing price, he had 5 million shares in GameStop, valued at $115.7 million. Memes in stock On Monday, GameStop surged once more due to rumors that Keith Gill, the person behind the historic short squeeze of 2021, would hold a significant stake in the video game store. The previous trading saw shares rise by over 50% to nearly $34.65 per share. Due to volatility, the NYSE momentarily halted trading in the name. At the open, it rose by over 70%. Gill, who goes by the h...

  Following a two-day selloff in the longest-dated maturities that sent yields to one-month highs, buyers returned to the U.S. government-debt market on Thursday. This kind of buying interest could keep Treasury yields in check going forward.  The selloff in Treasurys on Tuesday and Wednesday drove the yields on the 10-year BX:TMUBMUSD10Y and the 30-year BX:TMUBMUSD30Y to 4.62% and 4.74%, respectively — levels not seen since April 30 — and alarmed investors in the stock market. Bulls in the stock market had been partially depending on the notion that, prior to this week's increase in yields, borrowing costs and, thus, market-based rates, had already peaked. The two-day bond market selloff, which was sparked by this week's poorly received government auctions and remarks from Minneapolis Federal Reserve Bank President Neel Kashkari that seem to keep a Fed rate hike on the table, ended on Wednesday with the Dow Jones Industrial Average DJIA closing at its lowest level since May 2...

 According to one trading desk, cryptocurrency markets are predicted to stay unstable before Friday's U.S. inflation report. Over the last day, cryptocurrency heavyweights saw a sharp decrease in value, with meme coins like dogecoin and shiba inu leading the dip. For clues about the future of bitcoin, the market is awaiting Friday's U.S. PCE inflation data. Some analysts have pegged a decline to as low as $60,000. With traders expecting Friday's Personal Consumption Expenditures inflation data in the United States and warning of additional drops in the price of bitcoin (BTC), some of the top cryptocurrencies dropped as much as 5% in a single day. With losses of almost 5% each, meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) led the market down. The biggest tokens excluding stablecoins, the CoinDesk 20 (CD20), dropped 1.6%, while XRP, Solana's SOL, and BNB Chain's BNB sank 2%. Following a brief recovery to $70,000 at the beginning of the week, Bitcoin has been testin...