Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Sales were up 100 percent in stores — highlighted as "gyms" or "stops" in the augmented reality game — that did Pokemon-related events, said J. Paul Raines, GameStop CEO. Raines said GameStop is one of the largest distributors of Pokemon games and collectibles in the world.
"We are very much in the game, and are taking advantage of it now," Raines said.
Shares of the retailer rose about 8 percent on Monday. The company has seen its stock drop more than 35 percent over the past year.
As Pokemon Go provides GameStop a boost during a traditionally slow time of year, the chain is far from a doomsday scenario, despite the market data, Raines said.
Pokemon Go has hit the market at a time when GameStop has pushed heavily on virtual reality headsets and gaming. GameStop has sold out everything they've been given on reserve when it comes to virtual reality, Raines said.
"Virtual reality, by any external measure, will be a very large market— in the millions of dollars — and we will dominate the Sony VR part of that launch," "We're also involved with HTC Vive and have had discussions with Oculus Rift."