It looks like nobody told the sneaker resale market that there was a recession. The $19 billion industry is booming amid the pandemic and shows no sign of slowing down as sneakerheads make their way to secondary marketplaces such as StockX to cop their coveted kicks. Scott Cutler, StockX CEO, joined Yahoo Finance to discuss the sneaker market and retail trends leading up to Black Friday.
QuantumScape, a battery developer for electric vehicle use, began trading on the New York Stock Exchange today following a SPAC merger.
Shares of GameStop (NYSE: GME) were up 6% in midday trading on a shortened holiday trading day Friday. Black Friday is here, new Microsoft (NASDAQ: MSFT) Xbox and Sony (NYSE: SNE) PlayStation game consoles are on sale, and the video-game retailer inked a deal with Vizio to sell TV sets. The upgrade cycle for video game consoles is what GameStop investors have been waiting for to help lift the retailer out of the doldrums.