We break down the biggest gainers and droppers in the Cheddar 50 index this year, plus one Japanese stock that's made a big splash in the U.S. in 2017.
On the plus side, shares of Square have risen about 160 percent this year as the digital payment company has expanded into new markets. And video game maker Take-Two Interactive has also more than doubled in 2017, as investors and fans both await the release of Red Dead Redemption 2 this spring.
But they weren't all winners. Pandora shares were down more than 60 percent as the music streaming service struggled to grow paying subscribers. And Blue Apron stock has dropped as much as 70 percent since its IPO in late June, losing its CEO and cutting jobs.
Plus, what about Japan's SoftBank? The tech holding company launched its $100 billion Vision Fund, which has made investments in Nvidia, WeWork and Flipkart. And we're still waiting for what could be a $10 billion investment in Uber.
Unionized Hollywood actors on the verge of a strike have agreed to allow a last-minute intervention from federal mediators but say they doubt a deal will be reached by a negotiation deadline late Wednesday.
Squeezed by painfully high prices for two years, America’s households have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks in part to easing prices for gasoline, airline fares, used cars and groceries.
A federal judge has handed Microsoft a major victory by declining to block its looming $69 billion takeover of video game company Activision Blizzard. Regulators sought to ax the deal saying it will hurt competition.
Bank of America will reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent.
