Billionaire Ryan Cohen's investment company bought 100,000 shares of GameStop Corp, according to a regulatory filing on Tuesday, sending the videogame retailer's shares 16% higher in extended trading.
The purchase takes Cohen's stake in the company marginally higher to 11.9%, with the total number of share owned at 9.1 million.
Shares of GameStop closed up 30.7% at US$123.14, registering their biggest one-day percentage gain since March 25 last year, with trading volumes soaring and likely squeezing bearish investors who sold the stock short.
There was no clear reason for the rally during normal trading hours, according to analysts.
Cohen, who co-founded online pet products retailer Chewy and is GameStop's chairman, earlier this month said he now owns nearly 10% of Bed Bath & Beyond and wants the home goods retailer to explore alternatives including a full sale of the company.
(Reporting by Uday Sampath in Bengaluru; Editing by Shounak Dasgupta)
The headline of this story previously indicated Ryan Cohen was a U.S. billionaire. Although he conducts business in the U.S., Cohen was born in Canada.
As the United States sets its first national limits on toxic forever chemicals in drinking water, researchers say Canada is lagging when it comes to regulations.
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
Calgary police have arrested a man and a charge is pending in connection with the death of a toddler in 2022.
New archeological investigations in Guatemala reveal that the ancient Maya people had a ritual of burning royal human remains as a public display of political regime change.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
It took years for Vinnie Deluca to collect more than 400 cards worth of free McDonald's McCafe coffee, a collection that now has "zero value" after the company discontinued the program.
Prince William will return to public duties on Thursday for the first time since his wife Kate revealed she was undergoing preventative chemotherapy for cancer.
The judge presiding over the trial of a man accused of fatally running over a Toronto police officer is set to continue her instructions to the jury today.
In the Indian general election that gets underway on Friday, almost a billion people are eligible to vote, but a vast majority of the overseas Indian community in Canada won't be casting a ballot.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
Ontario is going to see a big jump at the pumps later this week as gas prices in the province hit levels not seen in nearly two years, according to one industry analyst.
A motion filed by the man accused of killing four Indigenous women in Winnipeg to have one of those murder charges quashed has been dismissed by the judge – weeks before the start of his trial.
Ontario Premier Doug Ford is calling on Speaker Ted Arnott to reverse a ban on keffiyehs at Queen's Park, describing the move as “needlessly” divisive.
Mainstream political parties failed to act on European farmers' complaints for decades, one farmer says. Now the radical right is stepping in.
The sound of a vehicle backfiring spooked a circus elephant while she was getting a pre-show bath in Butte, Montana, leading the pachyderm to break through a fence and take a brief walk, stopping noontime traffic on the city's busiest street before being loaded back into a trailer.
California regulators voted Wednesday to establish a drinking water limit on hexavalent chromium, a toxic chemical compound made infamous by the movie 'Erin Brockovich.'
An Oklahoma man was arrested Wednesday after authorities accused him of throwing a pipe bomb at the Massachusetts headquarters of a group called The Satanic Temple.
Russian air defences downed what authorities described as five Ukrainian balloons overnight, the defence ministry in Moscow said Thursday, as the sides kept up long-range strikes that have featured heavily in what has largely become a war of attrition.
The U.S. Senate killed the articles of impeachment against Homeland Security Secretary Alejandro Mayorkas on Wednesday as the historic trial of the Cabinet secretary barely got underway.
MPs enacted an extraordinary, rarely used parliamentary power on Wednesday, summonsing an ArriveCan contractor to appear before the House of Commons where he was admonished publicly and forced to provide answers to the questions MPs said he'd previously evaded.
In their 2024 budget, the federal government wants to amend the Canada Labour Code, so employers in federally regulated sectors will eliminate work-related communication with employees outside of scheduled hours. If implemented, this would affect roughly 500,000 employees across the country.
Advocacy groups across Canada are expressing widespread disappointment about the amount of funding earmarked in the 2024 federal budget for the long-awaited Canada Disability Benefit.
Progress has been made on a new compensation model for family doctors, with the Alberta Medical Association (AMA) hopeful for a fall rollout.
Public Health Ontario workers say the potential closure of six laboratories across the province would be dangerous and increase inequity in northern Ontario.
As the United States sets its first national limits on toxic forever chemicals in drinking water, researchers say Canada is lagging when it comes to regulations.
New archeological investigations in Guatemala reveal that the ancient Maya people had a ritual of burning royal human remains as a public display of political regime change.
More than 5,500 years ago, two women were tied up and probably buried alive in a ritual sacrifice, using a form of torture associated today with the Italian Mafia, according to an analysis of skeletons discovered at an archeological site in southwest France.
There are a lot of risks when it comes to adolescents using screens — and a new multinational study shows weight-related bullying may be among them.
Congratulations are in order for singer Ashanti and rapper Nelly. The reunited couple have gone public with both a pregnancy and their engagement.
The Sundance Film Festival may not always call Park City, Utah, home. The Sundance Institute has started to explore the possibility of other U.S. locations to host the independent film festival starting in 2027, the organization said Wednesday.
Eight-year-old songwriter Zuri Hamilton from Miramichi, N.B., got to show off her talent on 'The Kelly Clarkson Show' on Monday.
The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
It took years for Vinnie Deluca to collect more than 400 cards worth of free McDonald's McCafe coffee, a collection that now has "zero value" after the company discontinued the program.
Several Tim Horton’s customers are feeling great disappointment after being told by the company that an email stating they won a boat worth nearly $60,000 was sent in error.
Ten beagles rescued from animal testing in the United States arrived in Alberta on Wednesday, thanks to a Canadian charity.
Molly Knight, a grade four student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
Toronto Raptors player Jontay Porter has been handed a lifetime ban from The National Basketball Association (NBA) following an investigation which found he disclosed confidential information to sports bettors, the league says.
Giancarlo Stanton homered in the ninth inning and Aaron Judge added a go-ahead two-run double to lead the New York Yankees to a 6-4 comeback win over the Toronto Blue Jays on Wednesday at Rogers Centre.
Caitlin Clark's salary compared to top National Basketball Association players is drawing attention to Women's National Basketball Association players' pay and the often massive gender gap in professional sports salaries. The highest-paid WNBA player made a US$242,000 salary, while the league minimum salary in the NBA is over a million dollars in 2023.
Tesla will ask shareholders to reinstate a US$55 billion compensation package for CEO Elon Musk that was rejected by a judge in Delaware this year and to move the electric car maker's corporate home from Delaware to Texas.
Tesla has hit a series of roadblocks, including increased competition and declining sales. The company announced Monday it is slashing 10 per cent of its global workforce.
A driver from London will have to find alternative transportation after an OPP officer clocked them travelling nearly 200 km/h on Highway 401 over the weekend.
When Les Robertson was walking home from the gym in North Vancouver's Lower Lonsdale neighbourhood three weeks ago, he did a double take. Standing near a burrow it had dug in a vacant lot near East 1st Street and St. Georges Avenue was a yellow-bellied marmot.
A moulting seal who was relocated after drawing daily crowds of onlookers in Greater Victoria has made a surprise return, after what officials described as an 'astonishing' six-day journey.
Just steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
A high score on a Foo Fighters pinball machine has Edmonton player Dave Formenti on a high.
A compound used to treat sour gas that's been linked to fertility issues in cattle has been found throughout groundwater in the Prairies, according to a new study.
While many people choose to keep their medical appointments private, four longtime friends decided to undergo vasectomies as a group in B.C.'s Lower Mainland.
A popular highway in Alberta's Banff National Park now has a 'no stopping zone' to help protect two bears.
B.C. resident Robert Conrad spent thousands of hours on Crown land developing an unusual bond with deer.
A Sudbury woman said her husband was bringing the recycling out to the curb Wednesday night when he had to make a 'mad dash' inside after seeing a bear.
The lawyer representing child-killer Allan Schoenborn walked out of his client's annual review hearing Wednesday – abruptly ending proceedings marked by tense exchanges and several outbursts.
A social media daredevil has been doing death-defying stunts in the Vancouver area, prompting safety concerns and at least one police investigation.
The driver of a pickup truck was airlifted to hospital after a head-on collision with a school bus outside Mission on Wednesday afternoon, according to authorities.
It took years for Vinnie Deluca to collect more than 400 cards worth of free McDonald's McCafe coffee, a collection that now has "zero value" after the company discontinued the program.
As the United States sets its first national limits on toxic forever chemicals in drinking water, researchers say Canada is lagging when it comes to regulations.
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
Calgary police have arrested a man and a charge is pending in connection with the death of a toddler in 2022.
Calgary has a new brand and it's looking up.
It took four years in court, but a group of Eastern Slope ranchers will finally get access to thousands of pages of documents outlining when and how the province decided to tear up 44 years of coal policy.
One person is dead following an overnight crash on Hwy. 417 in Ottawa's east end. The westbound lanes of the Queensway are closed between Innes Road and the Hwy. 174 split.
Canadians for Affordable Energy president Dan McTeague says gas prices will drop 4 cents a litre on Friday, one day after prices increased 14 cents a litre.
Talk of transitioning federal buildings into housing has been in the works for a couple of years and it's a move that business leaders in Ottawa say can't come soon enough.
Motorists are facing higher prices in many parts of Quebec as gas stations switch from winter to summer gasoline.
François Legault still doesn't know the price of a 4 1/2 apartment in Montreal, three years after getting bogged down on the issue.
Quebec's police watchdog has opened an investigation into a Montreal police (SPVM) intervention in the Côte-des-Neiges–Notre-Dame-de-Grâce borough that ended with one person seriously injured.
More than 150 people have reported vehicle crashes in Edmonton on Wednesday.
In at least a couple of ways, it's fitting the Edmonton Oilers will be the Arizona Coyotes' final opponent before the Desert Dogs shed their Kachina-styled uniforms for whatever hues and themes may await them in Salt Lake City.
While snow and ice aren't ideal weather for hitting the links, a local golf course said it's happy to see some April precipitation.
The RCMP says it is investigating a sudden death in Nova Scotia’s Colchester County.
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
A Winnipeg man is raising a red flag after his landlord said no to health-care equipment that could change his life – a problem he believes is a human rights issue.
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
A motion filed by the man accused of killing four Indigenous women in Winnipeg to have one of those murder charges quashed has been dismissed by the judge – weeks before the start of his trial.
After two days of negotiations, the province has presented the Saskatchewan Teachers’ Federation (STF) a final offer, which will go to members for a vote.
A Regina man who says he was given two hours to vacate the seniors' home he lived in after being evicted should not have been forced to move in the first place.
The Saskatchewan Urban Municipalities Association (SUMA) conference wrapped up on Wednesday with educational sessions in the morning, followed by a bear pit session for delegates to speak directly with the provincial government.
People living in the community of Ayr say they are dealing with a safety concern due to transport trucks travelling through their downtown.
Pizza and coffee wasn’t what Jeet Shergill was expecting to order on his lunch break, but he saw the posters of the new menu item at Tim Hortons and decided to give it a shot.
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
The woman accused of hitting and killing a child while driving under the influence of THC was called to the stand on Wednesday.
After two days of negotiations, the province has presented the Saskatchewan Teachers’ Federation (STF) a final offer, which will go to members for a vote.
A former massage therapist who pleaded guilty to a string of sexual assaults has had his day parole revoked.
The body of a missing man has been found after his vehicle was pulled into a northern creek on Saturday morning, Ontario Provincial Police say.
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
Police say one former and one current employee of Air Canada are among the nine suspects that are facing charges in connection with the gold heist at Pearson International Airport last year.
According to the London Police Service (LPS), a 35-year-old Constable who lives in Woodstock was arrested and charged with impaired driving.
The rapid pace of infrastructure needed to build the largest factory in Canada continues.
The first joint meeting by the elected councils of the City of London and Oneida Nation of the Thames saw the long-time neighbouring communities take a collaborative step forward.
Provincial police are investigating after a man's body washed up on the shores of Lake Couchiching in Severn Township.
Tim Hortons Roll Up The Rim contest may be in hot water yet again after several customers received emails falsely congratulating them on winning the Tracker boat worth nearly $60,000.
A multi-vehicle collision involving a semi-truck snarled traffic in Barrie on Wednesday afternoon.
Windsor police have seized nearly $42,000 in illegal drugs after raiding a psilocybin dispensary. Around 4 p.m. on Tuesday, police used a search warrant at the business in the 300 block of Ouellette Ave. near University Avenue.
Morgan Hurt shares a birthday with her grandfather, Bruce Rand – but it’s the fact both have received life-saving organ donations that has really solidified their special bond.
Many made a dash to the pumps because experts say the price of gas is set to rise Thursday.
The British Columbia government is encouraging anglers to pack their tackle boxes and head out to a remote lake on Vancouver Island as the province attempts to eradicate an invasive population of sport fish.
Evan Jamieson’s nine-year-old son Oliver has thrived at Mill Bay Nature School in Mill Bay, B.C., despite all of his challenges.
B.C.'s police watchdog has finished its investigation into an incident on Vancouver Island, concluding the actions of officers weren't connected to a man's death.
Nurses held a rally Wednesday at a hospital in the B.C. Interior that closed its emergency department more than a dozen times last year due to insufficient staff.
British Columbia is planning to add 240 new units to its complex-care housing program, providing homes for people with mental-health and addictions challenges that overlap with other serious conditions.
More than 80 residents from a low-income apartment building in Kelowna, B.C., have learned they won't be able to return to their homes for at least another two weeks.
Three men who helped lead and co-ordinate the 2022 border blockade at Coutts, Alta., have been found guilty of public mischief.
Lethbridge police have arrested a Vermilion, Alta., man in connection with a 'grandparent scam' that took aim at a local senior.
An Alberta woman was killed in a multi-vehicle crash on a highway north of Coaldale, Alta., on Wednesday morning.
For the next several months, the City of Sault Ste. Marie will be cracking down on people who improperly use accessible parking spaces.
A suspect riding a bicycle on Gibbs Street in Sault Ste. Marie this week has been charged with assaulting police, along with drug-related offences.
Police in Sault Ste. Marie charged a 26-year-old woman with several offences following an incident Monday morning.
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
A pricing agreement has been reached between crab fishers and seafood processors that will allow for Newfoundland and Labrador's annual crab fishery to get started.
Longliners across Newfoundland and Labrador are tied up once again, as a new protest by the province's fish harvesters threatens to derail the crab fishery for a second straight year.
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