AMC’s new ‘APE’ units are a meme-friendly way to raise cash fast

AMC's new 'APE' units are a meme-friendly way to raise cash fast

AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line. The theater chain’s new preferred share class—called “APE” units—begin trading on Monday after being distributed to shareholders as a dividend last week. “APE” stands … Read more

5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

Here are the most important news items that investors need to start their trading day: 1. Stocks look to shake off back-to-back losses NEW YORK, NEW YORK – JULY 25: Traders work on the floor of the New York Stock Exchange (NYSE) on July 25, 2022 in New York City. Stocks rose slightly in morning … Read more

5 things to know before the stock market opens Monday

5 things to know before the stock market opens Monday

Here are the most important news items that investors need to start their trading day: 1. Stock futures are lower to start August trading A trader works on the floor of the New York Stock Exchange (NYSE), July 27, 2022. Brendan McDermid | Reuters Stock futures are lower Monday, as Wall Street begins a new … Read more

5 things to know before the stock market opens Friday, July 29

5 things to know before the stock market opens Friday, July 29

A screen displays the Fed rate announcement as a trader reacts on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 27, 2022. Brendan Mcdermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Taking stock on a summer Friday … Read more

Biden-Xi make plans to meet, US official says, Xi warns on Taiwan

Biden-Xi make plans to meet, US official says, Xi warns on Taiwan

US President Joe Biden and Chinese President Xi Jinping held a phone call Thursday. Pictured here is their virtual meeting on Nov. 15, 2021. Mandel Ngan | dpa | Getty Images BEIJING — US President Joe Biden and Chinese President Xi Jinping ended a call Thursday with plans to arrange a face-to-face meeting for the … Read more

Schumer-Manchin reconciliation bill: Climate change provisions

Schumer-Manchin reconciliation bill: Climate change provisions

Senator Joe Manchin (D-WV) exits the US Capitol following a vote, on Capitol Hill in Washington, February 9, 2022. Tom Brenner | Reuters Senate Majority Leader Chuck Schumer, DN.Y., and Sen. Joe Manchin, DW.V., on Wednesday unveiled a long-anticipated reconciliation package that would invest hundreds of billions of dollars to combat climate change and advance … Read more

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

Credit Suisse on Wednesday announced that CEO Thomas Gottstein would step down as the bank reported a massive second-quarter loss, as poor investment bank performance and mounting litigation provisions hammered earnings. The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectations among analysts for a 398.16 … Read more

5 things to know before the stock market opens Tuesday, July 26

5 things to know before the stock market opens Tuesday, July 26

Traders work on the floor of the New York Stock Exchange (NYSE), July 25, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Stock futures slide US equities markets were set to decline Tuesday morning after Walmart cut its profit outlook Monday (see … Read more

The Fed could surprise markets by sounding even more aggressive as economy teeters

The Fed could surprise markets by sounding even more aggressive as economy teeters

Federal Reserve Chair Jerome Powell reacts as he testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on the “Semiannual Monetary Policy Report to the Congress”, on Capitol Hill in Washington, DC, US, June 22, 2022. Elizabeth Frantz | Reuters The Federal Reserve is widely expected to raise interest rates by another three-quarters … Read more

Coinbase blasts SEC over insider trading case

Coinbase blasts SEC over insider trading case

Coinbase sign in New York’s Times Square during the company’s initial public offering on the Nasdaq on April 14, 2021. Robert Nickelsberg | Getty Images Coinbase pushed back on claims from the Securities and Exchange Commission that it offers unregistered securities, following fraud charges against a former employee at the company. An ex-Coinbase product manager … Read more