AMC surges 16 percent as funds turn to bearish bets

More On: amc entertainment AMC files to sell 11.5M shares— warns investors they may lose money ‘Meme’ mob behind Gamestop frenzy might still imperil soaring AMC AMC shares soar on ‘meme stock’ rally, price doubles in a week GameStop and AMC shorters lost $930 million Shares of AMC Entertainment and other “meme stocks” supported by small-time individual traders jumped on […]

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FDA approves Biogen’s controversial Alzheimer’s drug

More On: alzheimer’s disease ‘Jungle’ Jack Hanna retiring from public life after heartbreaking diagnosis Letters to the Editor — March 7, 2021 Alzheimer’s took my mom, but her dignity and love shone to the end How drinking red wine and eating cheese could help your brain The Food and Drug Administration on Monday approved Biogen’s controversial Alzheimer’s drug aducanumab — making it […]

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Google fined $268M in French antitrust case, will change ad practices

More On: google How Google is making more money than ever off the sick and vulnerable Google reassigns diversity chief after inflammatory blog post Goodwill forges alliances to offer free career training and resources Google to pay fine, change ad business to settle French antitrust case: report Google has been fined nearly $270 million by French authorities for abusing its […]

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Biden's tax hikes would ding the economy in the long run, study shows

Small businesses are actively opposing Biden’s tax increase proposal NFIB President and CEO Brad Close slams Biden tax plan: It will ‘grind to a halt the very fragile small business recovery’ President Biden is billing his sprawling $1.8 trillion spending proposal as a once-in-a-generation opportunity to bolster the U.S. economy, but a new analysis published this week shows that it could slash growth in […]

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No change in RBI’s view on cryptocurrencies, we have major concerns: Das

The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character. RBI Governor Shaktikanta Das on Friday made it clear that the central bank’s view on cryptocurrencies like Bitcoin remains unchanged and it continues to have “major concerns” on the volatile instruments. “There is […]

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Companies hired almost a million new workers in May, ADP says

More On: Jobs These workers were asked to return to the office — they quit instead Goodwill forges alliances to offer free career training and resources Job searches reportedly spike in states ending US unemployment checks Indiana candy shop’s ‘sexist’ job post goes viral Private-sector hiring picked up at its fastest pace in almost a year last month as companies […]

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