Some Redditors call #silversqueeze campaign a 'trap,' claim hedge funds behind surge

The rush into silver futures Monday created confusion amid Wall Street chaos, with some retail traders on Reddit calling the surge in commodity prices a “false flag.”

FOX 7 Discussion: Reddit investors vs Wall Street

Michael Sury, a lead economist at UT Austin, joins Rebecca Thomas on FOX 7 Austin to discuss the trading chaos stemming from Reddit investors fueling stocks this week.

North Texas brewery offering $1 beers to GameStop employees

As GameStop is in the news for the Wall Street frenzy over its stock price, Grapevine brewery Hop & Sting Brewing Co. decided to help out GameStop employees by offering them a beer for just $1.

Robinhood tells customers it will allow ‘limited buys’ amid GameStop, AMC trading frenzy

Robinhood, the online trading platform at the center of a speculative frenzy involving shares of GameStop, AMC and other flailing companies, told its customers Thursday that it would be allowing “limited buys” of these companies starting Friday.

GameStop stock explained: Here’s what short selling is and why it’s shaking up Wall Street

Amid the recent astronomical surge in value of shares of struggling companies like GameStop and AMC, trading strategies like short selling and short squeezing have been trending all over social media, leaving many scrambling to keep up. Here’s what you need to know to understand what’s going on.

Will revenue hunt greenlight casino gambling in Texas?

While some in Texas remain reluctant to green light casinos, most say it's high time to keep Texas dollars in Texas.

GameStop stock price frenzy: What to know

Trading volume has surged in shares of GameStop, AMC Entertainment, as well as Bed Bath & Beyond and BlackBerry, stunning Wall Street firms betting that those stocks would fall.

US economy shrank 3.5% in last year after growing 4% last quarter

Stuck in the grip of a viral pandemic, the U.S. economy grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years.

Unemployment claims drop; still at 847,000 as pandemic rages on

The number of Americans applying for unemployment benefits fell to a historically high 847,000 last week, a sign that layoffs remain high as the coronavirus pandemic continues to rage.

Biden signs executive order for government to buy more US goods

President Joe Biden signed on Monday an executive order that aims to boost government purchases from U.S. manufacturers, according to administration officials.

Biden's Treasury secretary nominee Janet Yellen clears Senate committee

The Senate Finance Committee has approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th Treasury secretary.

California spent $19 million to shield state Capitol from protests

Gov. Gavin Newsom mobilized 1,000 members of the National Guard to safeguard the Capitol and other vital infrastructure, at a cost of $3.4 million for staffing, fuel and travel, the state Department of Finance said Thursday.

Unemployment claims fall to a still-high 900,000

Fewer Americans applied for unemployment benefits last week, lowering claims to 900,000, still a historically high level that points to further job cuts in a raging pandemic.