Table of Contents

• GameStop

• U.S. Stocks

Top Stories Today

GameStop

GameStop announced that it will adopt bitcoin as a reserve asset, aligning itself with companies like Strategy that have integrated cryptocurrency into their operations. The company said it will allocate part of its cash or proceeds from future financing toward acquiring bitcoin, though it didn't disclose a specific amount. This follows a recent executive order from President Trump establishing a government-held crypto reserve. Alongside the crypto move, GameStop reported a more than twofold increase in fourth-quarter profit to $131.3 million, despite a 28% drop in revenue to $1.28 billion. The boost in earnings was driven by cost-cutting, including the closure of 590 stores, with more closures expected in 2025, as the company continues to navigate its transition amid declining physical game sales.

U.S. Stocks

U.S. markets closed higher Tuesday as optimism over potential trade leniency from the Trump administration lifted sentiment despite lingering economic concerns. Apple gained 1.4%, helping the Nasdaq advance 0.46%, while Nvidia dipped slightly. The S&P 500 edged up 0.16%, and the Dow ended flat. Investors reacted to a drop in consumer confidence, with the index hitting its lowest since February 2021, and to Moody’s warning of deteriorating fiscal strength. Tesla rose 3.45% despite slipping European market share. While seven of eleven S&P sectors rose, homebuilder KB Home fell over 6% after cutting its 2025 revenue forecast. Trading volumes remained below average.

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