GameStop's Store Closures and Business Struggles

GameStop, the struggling video game retailer, plans to close a significant number of stores in the U.S. as part of a store optimization review. The company faces declining sales and profitability, with analysts skeptical about its chances of returning to profitability. GameStop is exploring new services like trading card authentication to expand its market reach.

Stock Market Performance and Economic News

Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.

Meme Stocks Surge Again

Meme stocks like GameStop and AMC Entertainment are surging again, driven by social media frenzy. Despite some changes in the market, the risk of losing everything remains for investors.