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Gizmodo
a few seconds ago
- Gizmodo
The Meme Stocks Are Back and May Have Found Their New ‘Roaring Kitty'
It seems meme stocks are back, and this time, the latest craze was sparked—somewhat accidentally—by a Canadian hedge fund manager named Eric Jackson. About three weeks ago, Jackson's firm, EMJ Capital, bought shares of Opendoor Technologies, a San Francisco–based company that buys and sells homes online, at around $0.70 apiece. Since then, the company's share price has skyrocketed over 600% to an intraday high of almost $5 on July 21. Today, it's trading at about $2.40, still a roughly 250% gain from just weeks ago. 'I think Opendoor is a real business,' Jackson told Bloomberg in an interview. 'I never expected it to be called a meme stock.' Meme stocks are shares of struggling or heavily shorted companies that surge in price thanks to hype on social media platforms like Reddit and X (formerly Twitter), often with little connection to the company's financials. The phenomenon first took off in early 2021, when retail traders famously drove up shares of GameStop and AMC in a movement led by Keith Gill, a YouTuber and investor better known as 'Roaring Kitty.' Now, Jackson is unexpectedly being pulled into that same world. Bloomberg reports that his face is already being photoshopped onto images of Roaring Kitty. Jackson first gained prominence in 2015 with a 99-page presentation to Yahoo's board, urging the company to replace then–CEO Marissa Mayer over mismanagement. Mayer eventually stepped down herself in 2017 after Verizon bought the company. Ten years later, Jackson is back in the spotlight after posting a series of takes on Opendoor on the social media network X (formerly Twitter). He laid out why he thinks the company's stock could hit $82 by 2028, and even called it a potential 'hundred bagger,' a stock that could grow to be 100 times more valuable than when it was initially purchased. Jackson says that he's received 600 calls and emails in the past three weeks from investors eager to hear about his other investment ideas. Other stocks in Jackson's portfolio have caught meme status too, like crypto-related firms Iren and Cipher Mining. Iren's shares are up 49% this month, while Cipher has surged 65%. The meme stock mania doesn't stop there. Companies unrelated to Jackson are getting swept up in the hype, too. At the time of writing, Kohl's is up 58% this month, GoPro has jumped 78%, and Krispy Kreme has climbed 67%, as retail investors pile into beaten-down stocks hoping for a big payout.
Forbes
2 minutes ago
- Forbes
New York Yankees Add 3B Ryan McMahon To Address Pressing Need
Ryan McMahon can look forward to a pennant race after joining the New York Yankees on Friday. (AP ... More Photo/David Zalubowski) Copyright 2025 The Associated Press. All rights reserved. The New York Yankees stepped decisively into the trade deadline swap meet when they acquired two-way third baseman Ryan McMahon from the Colorado Rockies on Friday. The move addresses multiple needs for the Yankees, cementing the third base position on both sides of the ball while adding another left-handed bat to a Yankee Stadium that is built for left-handed hitters with its 314-foot porch down the right-field line. The Yankees also were able to keep the major league roster basically intact for the stretch run without raiding the top of their farm system, where Spencer Jones and George Lombard Jr. reside. They are sending pitching prospects Griffin Herring and Josh Grosz to the Rockies. New York, the 2024 American League champion, entered the weekend 4 1/2 games behind the Toronto Blue Jays in the AL East. They held a two-game lead over Seattle and a 2 1/2 game lead over Boston for the first wild card. While major league RBI leader Eugenio Suarez is the top third baseman on the market, the Arizona Diamondbacks' expectedly high asking price led the Yankees to McMahon, who was considered the No. 2 third baseman available because of the Rockies' desire to restructure after a disastrous 2025. McMahon has two years remaining on a six-year, $70 million contract extension he signed before the 2022 season that bought out the final two years of arbitration and three years of free agency. The Yankees, who have a $295 million payroll this season, will owe McMahon about $4.2 million of his prorated 2025 salary and $16 million in both 2026 and 2027. McMahon, 30, profiles as the Yankees' answer at third base for the length of his contract, anchoring a position that has been unstable since Miguel Andujar played 132 games there in 2018. The Yankees have tried five third basemen this season, with Oswald Peraza (33) Oswaldo Cabrera (30) and Jazz Chisholm (28) getting most of the work. As a group, they are hitting .214 with a .354 slugging percentage and a .645 OPS, the last two numbers the worst on the team. Chisholm was acquired in a deadline move last season to play third, but his best infield position is considered second, when he has spent most of the season. Chisholm returned to second when DJ LeMahieu was released before the All-Star break, leaving a gaping opening at third. The Yankees took short look at minor leaguer Jorbit Vivas after the break before deciding they had to make a change. McMahon has three home runs in six games after the All-Star and is on pace for his fifth straight 20-homer season, which would be he sixth of a career all spent with the Rockies. McMahon also has been among the premier defenders at third since taking over full-time in Colorado 2021, after Nolan Arenado was traded to St. Louis as the Rockies' looked to get from under another long-term contract. He was plus-12 in defensive runs saved among major league third baseman in 2024, according to FanGraphs, and is plus-four this season. He is plus-64 in his major league career. McMahon has one homer in a six-game sample size at Yankee Stadium. How do the Colorado Rockies benefit? Rockies co-owner Charlie Monfort told the Denver Post in late June that 'I think we need a new set of eyeballs' at the top levels of the organization as they play out what will be a third straight 100-loss season. Part of that includes freeing money, and McMahon was the second-highest player on the roster. Kris Bryant still has three years remaining on his six-year, $182 million free agent deal signed in 2022, but back issues have limited him to 11 games this season and threaten to end his career. The Rockies have never been afraid to spend, but their choices have not always worked out, often for health reasons. Starter German Marquez, in the final year of a two-year, $20 million extension, is on the disabled list again this season after spending much of 2024 out after Tommy John surgery. Starter Antonio Senzatela, in the third of year a five-year, $50 million extension, has a major league-high 13 losses. Shortstop Ezequiel Tovar signed a seven-year, $63.5 million extension this spring after a breakout 2024, but he played only 37 games because of a left hip and contusion and a left oblique strain. The Rockies, always in the market for controllable pitching because it is difficult to lure free agent starters to Coors Field, and newcomer Herring is having a good season at two Class A levels going 7-3 with a 1.71 ERA in 16 starts. Her was the Yankees' No. 8 prospect at the time of the deal, according to The Yankees signed him to a well-over-slot $797,500 bonus after picking him in the sixth round of the 2024 draft. Grosz was ranked as the Yankees' No. 21 prospect.
Forbes
2 minutes ago
- Forbes
Elevate Your Bedding With The Best Duvet Covers On Amazon
A duvet cover is a multi-purpose bedding accessory that blends comfort with function. It protects your comforter or insert from spills and accidents, while simplifying the cleaning process. Unlike a comforter, it's specifically designed for easy washing and maintenance. Amazon offers a wide range of options, from silky-smooth fabrics to colorful prints and everything in between. The best duvet covers on Amazon come from reputable and beloved brands in the industry and have thousands of glowing customer reviews to co-sign their comfort. Our top choice is the Luxe Sateen Duvet Cover from Brooklinen, which has a buttery-soft sateen weave and luxurious feel that's true to its name. The best duvet covers on Amazon are made with high-quality materials and take the hassle out of ... More cleaning your bedding. ILLUSTRATION: FORBES / PHOTO: RETAILER The right duvet cover can make a huge difference for the look and feel of your bed, and varies depending on the type of materials used and weave pattern. In our roundup below, we highlight duvet covers on Amazon made from popular bedding materials like cotton and linen, options for hot sleepers and solid value picks. For more shopping advice on bedroom accessories, see what our editors named as the best down comforters and best sheets . Material: Cotton | Colors: 10 colorways | Thread count: 480 | Weave: Sateen Pros: Soft, smooth texture with a high thread count Oeko-Tex certified Buttons and corner ties Cons: Sleeps warmer than percale Brooklinen is one of our favorite bedding brands at Forbes Vetted for its quality products and value. Its Luxe Duvet Cover is made with premium 100% long-staple cotton and features a sateen weave that provides a soft and buttery feel with a subtle sheen. It has a 480-thread count, which contributes to its overall coziness. 'The first time I tried Brooklinen's bedding, I fell in love,' says our tester. 'After seeing how the Luxe not only elevated the look of my bedding but was super soft and cozy, I knew it was there to stay.' She also mentions it looks good as new after each wash, and 'putting the duvet cover back on the insert is easy,' thanks to its oversized buttons and corner ties. Material: Tencel lyocell from Eucalyptus | Colors: Blue, gray, pink or white | Thread count: 300 | Weave: Sateen Pros: Breathable for hot sleepers Oeko-Tex certified, made with sustainable materials Buttons with envelope closure Cons: Limited color options on Amazon (more available on Buffy's site) Some customers say it's oversized Buffy has somewhat of a cult following thanks to its Breeze Cloud Comforter that utilizes eucalyptus, a more sustainable and environmentally friendly material than cotton since Eucalyptus trees use less water and pesticides to grow. It's also great at regulating temperature and wicking away moisture. The Breeze Duvet Cover uses the same eucalyptus-based material, with a soft and smooth sateen weave that delivers a relieving and subtly cool-to-the-touch feel. We see it appealing to most people, but especially hot sleepers and eco-conscious shoppers. Even the buttons are naturally sourced and made from corozo nuts. Material: Cotton | Colors: 41 colors | Thread count: 184 | Weave: Percale Pros: Standard and unconventional sizes available (including oversized queen) Large variety of colors to pick from Has a comfortable textured waffle pattern Made with breathable percale cotton Cons: Not as soft as a sateen duvet cover No twin XL or split king sizes Make your mattress feel like a high-end resort and spa with a waffle-textured duvet cover that's made with 100% cotton and a crisp percale weave, making it more breathable and lightweight than covers with a sateen weave pattern. It features a hidden button closure with eight ties on the inside to secure your insert or comforter (as opposed to the standard four), and can be thrown in the washing machine for easy maintenance. Pro tip: I've had 100% cotton, waffle-textured products shrink after a wash and dry cycle, and some customers mention their duvet is too small for their insert. So I recommend you opt for the oversized queen or king, or tumble dry on low to avoid shrinkage. Material: French linen | Colors: 9 colorways | Thread count: N/A | Weave: Patented (LuxeWeave) Pros: GOTS-certified French linen sourced in small batches Breathable feel ideal for hot sleepers Stonewashed for softness Hypoallergenic Cons: No twin, twin XL or split king sizes Sijo is a luxury bedding brand that values sustainability, and the brand's linen set is one of the nicest you can find on Amazon. It sources its 100% organic French linen material in small batches from Normandy, France, a region famous for its premium linen. This bedding is stonewashed and free of bleaches or dyes, so your sheets feel soft and mattress-ready straight out of the package. Plus, linen only gets softer with each cycle. It holds your comforter in place with eight corner loops on the inside and features buttons made from natural coconut shells to close the duvet. Material: Viscose derived from bamboo | Colors: 7 colorways | Thread count: 1,600 (according to the brand) | Weave: Not listed Pros: Zipper closure for ease of use Bamboo material is cooling and moisture wicking Silky-smooth feel Cons: Bamboo material is more prone to wrinkles Another great value, this bamboo duvet cover from Hotel Sheets Direct has a 4.4-star rating on Amazon with hundreds of 5-star reviews. It's made from bamboo viscose, which offers a silky-smooth feel, and is Oeko-Tex certified to be free from harmful substances. Bamboo is also ideal for hot sleepers and warm climates, as it's superior at wicking away moisture and allowing airflow. For those tired of messing with duvet ties and buttons, this duvet design also features an easy-to-use zipper closure. Our experienced editors and writers have contributed hundreds of articles to our mattress and sleep category, covering topics ranging from the best mattresses for side sleepers to how to feng shui your bedroom . Each subject we report on is researched extensively, and we rely on our industry knowledge and trusted experts to help inform our articles. McKenzie Dillon is the author of this story, and she is a mattress and sleep editor at Forbes Vetted with a sleep science coach certification. She has been testing mattresses, bedding and other sleep products for six years and has personal experience with top-rated brands we listed in our roundup. Bridget Chapman is the senior mattress and sleep editor at Forbes Vetted with a sleep science coach certification. She oversees the mattress and sleep category and helps approve the products we choose to highlight. We spoke with Lauren Wood, co-founder of sustainable and ethically made linens company Sirimini, on different bedding materials and important factors to consider when shopping for a duvet cover. Products listed in each best list are chosen by our editors and contributors based on a variety of factors. We first consulted with our team who has personal experience with duvet covers from Amazon and asked for their top tested recommendations. We considered duvet covers from well-loved brands that we have experience with that are reputable and offer high-quality products. We searched through hundreds of customer reviews to determine the upsides and drawbacks to each product, and if we think they're worth the money. We only considered duvet covers with a 4-star rating or higher on Amazon. We took important features into account such as materials used, thread count, weave and notable certifications. A duvet cover can change the feel of your bedding and make a difference in how comfortable you sleep depending on your needs and preferences. The most common materials used include cotton, linen, bamboo and polyester. Natural fibers like cotton and linen are better at regulating temperature and help wick away moisture, while polyester is an affordable and wrinkle-resistant material. However, synthetic materials restrict breathability, which makes it 'more difficult for our bodies to regulate temperature, resulting in overheating and restless nights sleep," says Lauren Wood, co-founder of sustainable and ethically made linens company Sirimini. Weave This refers to the way a fabric's thread pattern is woven, and it also contributes to the overall feel of your duvet cover. Duvets with a percale weave feel more crisp, lightweight and fresh like a high-end hotel sheet. Bedding with a sateen weave tends to be softer, more buttery and gives off a subtle sheen, but it generally sleeps warmer than percale. Thread Count Thread count is a common measurement when it comes to bedding that helps indicate quality and weight. Wood says, 'In hot weather, an organic cotton percale with a thread count of 200 to 400 would be a good choice; the lower thread count benefits sleepers because of their lower density and higher breathability.' Sheets with a higher thread count, on the other hand, are generally softer to the touch and more substantial in weight. That said, thread count is not the only factor to consider, and not all fabrics use it as a measurement. Closure Style One of the biggest grievances people have with duvet covers is how difficult it is to secure an insert or comforter inside. Take a duvet cover's closure style into consideration when narrowing down a purchase since it can help determine its ease of use. The simplest style is a zipper closure, as featured on the Hotel Sheets Direct Set, but the most popular styles are corner ties and buttons. What Is The Best Quality Material For Duvet Covers? The best quality material for duvet covers largely depends on personal preferences and needs. Natural fibers like cotton, bamboo and linen are popular choices for their breathability and softness. What Do Hotels Use For Duvet Covers? Hotels often use bedding that is made with cotton. Some hotels use an actual duvet cover, but it's common to see two flat sheets sandwiching a duvet insert instead of a duvet cover—it's more efficient to change between guests and more cost-effective since hotels buy bedding in bulk. How Do I Choose A Duvet Material? Hot sleepers do best with a lightweight and breathable material such as linen, cotton with a percale weave, viscose or lyocell. If you like a smoother, softer material, then you may prefer cotton with a sateen weave.
