CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, reporters from across the CNBC newsroom explain the GameStop phenomenon, in which a Reddit-fueled rally to punish short sellers is sending the stock skyrocketing above its fundamental valuation. Plus, a titan of the private equity industry steps back after an external review uncovered $160 million in payments to convicted sex offender Jeffrey Epstein.
00:00 — CNBC After Hours: Jan. 26, 2021
0:38 — Major averages finish the day lower
1:34 — How Reddit traders are sending GameStop stock soaring
4:43 — CNBC Soundcheck
6:55 — Leon Black steps down as Apollo CEO
10:10 — Numbers Round