AMC shares plunging after sale announcement is ‘common sense’ failure: Bear Traps founder The Bear Traps Report founder and editor Larry McDonald on the ‘nasty’ side effects of meme stock volatility. AMC Entertainment Holdings raised $587.4 million on Thursday, before commissions and fees, at an average price of approximately $50.85 per share. The fresh capital comes following the completion of […]
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(Reuters) – AMC Entertainment shares were down by a third on Thursday after the company took advantage of a record stock price with its second share issue in three days while saying it did not know how long its stellar run would last and warning investors of the risks involved. AMC’s shares traded 33.4% lower on Thursday at $41.10 after […]
Read more(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) LONDON, June 3 (Reuters) – The notion that a devastating pandemic made rich investors more introspective, warm-hearted and willing to save the planet seems a bit fanciful – but some surveys suggest that may be partly what happened. Whether it’s because they […]
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(Reuters) -European stocks pared losses on Thursday as upbeat eurozone business growth data and strong U.S. jobs data lifted sentiment on a dull day of trading, while rating actions and ex-dividend trading knocked UK shares lower.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 […]
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New York (CNN Business)The number of African Americans serving on boards of directors for the nation’s largest corporations has remained dismally low this year despite the ongoing movement to increase C-suite diversity throughout the business world. Some of America’s most prominent companies are addressing the problem by backing the Black Boardroom Initiative, a new program unveiled Wednesday with a goal […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Meme stock mania is back in full force — and this time around, companies are trying to use the hype to their advantage. What’s happening: AMC Entertainment (AMC), whose shares have skyrocketed almost 140% this […]
Read moreAMC shares plunging after sale announcement is ‘common sense’ failure: Bear Traps founder The Bear Traps Report founder and editor Larry McDonald on the ‘nasty’ side effects of meme stock volatility. AMC Entertainment Holdings Inc. shares plunged Thursday after the company said it plans to sell 11.55 million shares of common stock to repay debt and fund future investments. Shares […]
Read more(Adds Russia removing dollar assets from sovereign wealth fund) * Russia to remove USD assets from National Wealth Fund * Dollar ticks up ahead of payrolls data * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, June 3 (Reuters) – The U.S. dollar rose on Thursday as traders awaited a batch of U.S. economic data that could set the tone at central […]
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(Reuters) -European stocks slipped from all-time highs on Thursday, as investors awaited U.S. economic data to gauge the future path of monetary policy, while rating actions and ex-dividend trading knocked UK shares lower.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 2, 2021. REUTERS/StaffThe pan-European STOXX 600 index was down […]
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