Meme stocks whipsaw as AMC share sale ends massive Reddit-fueled rally

Mateusz Slodkowski/SOPA Images/LightRocket/Getty Images Meme stocks largely retreated Thursday, with AMC, GameStop, and Bed Bath & Beyond all falling. Some retail favorites, like Tilray, Clover Health, and Virgin Galactic continued to rally, though. AMC dropped as much as 40% after announcing plans to sell nearly 12 million new shares. See more stories on Insider's business page. A handful meme stocks […]

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Paintings by pups, burning masks, memorial mural: News from around our 50 states

Alabama Alabama Governor Kay Ivey talks with customers at Filet & Vine in Montgomery, Ala., as she makes her first campaign stop Wednesday. Ivey announced she’s seeking reelection. (Photo: Mickey Welsh/Montgomery Advertiser) Montgomery: Gov. Kay Ivey announced Wednesday that she’s running for reelection, citing Alabama’s “bucket load of common sense” in its response to the coronavirus pandemic. Ivey, 76, made the […]

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Bitcoin's mystery creator Satoshi Nakamoto is being immortalized by a hooded statue that mirrors the viewer's face | Currency News | Financial and Business News

Wang Zheng/VCG via Getty Images A bronze statue depicting Satoshi Nakamoto will be going up in Budapest, Hungary Today said. It will be a hooded figure with a reflective surface for a face, so viewers can see themselves in it. The design is a reference to bitcoin's unknown creator and the idea that "we are all Satoshi." Sign up here […]

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Will Apple Employees Return To Offices In September?

With the slowing down of coronavirus cases, Apple Inc. employees are likely to return to their respective offices starting in early September, as per an email reportedly sent by Chief Executive Officer Tim Cook. Reports said citing the letter that the company is asking employees to return to the office three days a week from September. With the proposed new […]

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US infection rate hits 7-month low as vaccinations rise

(CNN)About 46% of all Americans have received at least one dose of a Covid-19 vaccine — but the rates differ depending on where you look. At the top of the list is Vermont, where 62% of the population has had at least one vaccine dose. Every state in the Northeast has given at least one dose to over half of […]

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Why India denied China 5-G trial

Given the security dilemma prevailing between India and China, India should curb the operation of Chinese telecom companies in India, assserts Dr Rup Narayan Das. On May 4, the Department of Technology gave the nod to 5G trials permission to mobile operators in India that included Reliance Jio, Airtel, Vodafone, Idea and MTNL who will tie up with network providers […]

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S'pore firm IGlobe's latest VC fund to invest $132m in fintech, biotech start-ups

SINGAPORE (BLOOMBERG) – Singapore’s iGlobe Partners closed its latest venture capital fund, which plans to invest US$100 million (S$132.3 million) in start-ups focusing on synthetic biology, fintech and technologies for smart cities. The firm’s fourth fund, iGlobe Platinum Fund III, will back 15 to 20 start-ups across the United States, Europe and South-east Asia to fund their growth over the […]

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