GameStop CEO Plans Major Merger to Drive Company's Market Cap to $100 Billion
Jan. 30 — GameStop (GME.N) CEO is planning a major acquisition but has declined to name the specific potential target, according to a report from The Wall Street Journal. The company is targeting the consumer and retail sector, having identified a large publicly traded firm as the acquisition goal, with an aim to lift its market value to $100 billion.
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Trump Says Fed Chair Candidate, Wash, Has Been Shortlisted Twice, Nomination Appears Imminent
On January 30th, veteran U.S. political reporter Rachael Bade reported that former President Donald Trump referenced his pick for the next Federal Reserve Chair during a Thursday interview. Speaking to reporters, he said:
“He’s a great person, and it won’t surprise people. Many think this person should’ve been chosen years ago. He’s a respected, well-known figure in the financial world. I think this will be a very good choice—hope so.”
When asked if the nominee was on his shortlist, Trump replied: “On my credible shortlist.” He made the comments while on the red carpet for the film *Melania*.
Trump met with the two final candidates for Fed Chair on Thursday and is inclined to tap Kevin Warsh to succeed Jerome Powell. Bade noted nothing is final yet, but a source close to Trump said Warsh has essentially received Trump’s approval.
While the other finalist—BlackRock’s Rick Rieder—also visited the White House Thursday, the market inferred from Trump’s remarks that Warsh is the
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Eugene: Have re-entered the market and deployed position, with a stop-loss set below $80,000
On January 30, trader Eugene Ng Ah Sio shared on his personal channel:
“This morning, I opened a reasonably sized position. After the recent relentless market selloff, even the most steadfast bulls appear to have been liquidated. Sentiment-wise, there’s clear frustration, forced liquidations tied to surrender, and plenty of calls for further downside.
“In my view, the risk-reward for going long here is solid—with a clear stop-loss set below $80,000. I don’t believe crypto assets will underperform all risk assets long-term; we’re likely near the end of this cycle of relative weakness. Time to get back in the game.”
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U.S. CFTC Chair Calls for Establishment of 'Clear Rules' for Prediction Markets, Calls for Reevaluation of Relevant Litigation Stance
On January 30, per a CoinDesk report, U.S. Commodity Futures Trading Commission (CFTC) Chairman Selig called for a clear, definite regulatory framework for prediction markets and directed staff to reassess the agency’s role and stance in ongoing federal court cases.
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Gold and Silver Flash Crash: Gold Price Plunges Over $100, Analysts Warn of Volatility Entering 'Dangerous Stage'
On January 30, the precious metals market slammed on the brakes after an uninterrupted rally. Gold pulled back sharply from above $5,600 an ounce, plunging below $5,200 at one point during Asian trading with a one-day drop of more than $100; silver followed suit. The pullback coincided with a selloff in U.S. stocks and a rebound from the dollar’s recent lows.
Shengbao Bank analysts warned that gold and silver’s rapid rally has entered a high-risk phase, and spiking volatility could trigger a liquidity contraction. Still, gold is up roughly 20% so far this year and on track for its biggest monthly gain since 1980.
Silver briefly surged above $120 an ounce before pulling back Thursday. After a stunning rebound in 2025, the metal is up roughly 50% year-to-date. JPMorgan analysts noted earlier this month: “While silver has far outpaced our forecast midpoint, trying to ‘call a top’ is nearly impossible when the market has almost parabolic momentum.”
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