AMC is targeting the huge debt burden with the special “APE” dividend.

AMC is targeting the huge debt burden with the special “APE” dividend.

AMC Entertainment Holdings Inc. took Wall Street by surprise with the announcement of its special “APE” dividend after the market close on Thursday. This, of course, is a company that is no stranger to bold moves, as evidenced by the movie chain’s $ 27.9 million investment in the Hycroft Mining Holding Corp. HYMC gold and … Read more

Blocking shares decline after earnings, as Square’s parent company swings at a loss

Blocking shares decline after earnings, as Square’s parent company swings at a loss

Shares of Block Inc. fell 7% in after-hour trading Thursday after the payment technology company made a loss in an earnings report that appeared to cause some controversy over whether the company actually outperformed or missed. expectations on several key parameters. SQ block, + 1.85%, which recently changed its corporate name from Square, posted a … Read more

Opinion: The S&P 500 is so close to breaking through this crucial level and challenging the bear market trend line

Opinion: The S&P 500 is so close to breaking through this crucial level and challenging the bear market trend line

The S&P 500 Index may be in the process of securing two major bullish SPXs, -0.12% milestones. First, the S&P rose from that mid-June low to the major resistance at 4170. A two-day close above that level would be quite bullish and set the stage for a downtrend line challenge that defines this bear market. … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

AMD shares slide as revenue forecasts drop below Street’s consensus

AMD shares slide as revenue forecasts drop below Street’s consensus

Shares of Advanced Micro Devices Inc. fell in the extended session Tuesday after the chip maker’s revenue forecast fell below the Wall Street consensus after posting record sales, exceeding Street expectations and reporting a huge increase in data center sales. “Taking a step back, although the PC market has experienced further weakness in recent months, … Read more

The dollar will weaken and these stocks could outperform, Evercore says

The dollar will weaken and these stocks could outperform, Evercore says

Hopes that the Federal Reserve may be less aggressive in raising borrowing costs than previously feared have quickly rippled across markets over the past week. Stocks rose as bond yields fell. And it abruptly stopped the dollar’s rage. The DXY dollar index, which reached a 20-year high above 108.5 in July, is now close to … Read more

Tesla Investors Urged to Vote Against Board Members, Over Shareholder Proposals by Influential Advisory Services

Tesla Investors Urged to Vote Against Board Members, Over Shareholder Proposals by Influential Advisory Services

Two prominent and influential proxy consulting firms are urging Tesla Inc. investors to vote against the re-election of two directors and recommend challenging the wishes of the company and voting on six of the eight shareholder proposals. Tesla TSLA, + 0.04% is facing several employee-related disputes and is caught in the spotlight on CEO Elon … Read more

FAANGs aren’t what they used to be, so watch out for bear market rebounds says hedge fund manager

FAANGs aren’t what they used to be, so watch out for bear market rebounds says hedge fund manager

It’s been a bit of a rally. The S&P 500 SPX he is starting the week at a seven-week high, buoyed by hopes for a less aggressive Fed and a sense that earnings pessimism was exaggerated. The benchmark equity index rose 12.6% from its recent June low, having achieved its best July performance since 1939, … Read more

Roku stock plunges to its worst ever decline after “frankly terrible” earnings.

Roku stock plunges to its worst ever decline after “frankly terrible” earnings.

Shares of Roku Inc. were plunging towards the worst decline ever on Friday after the streaming company acknowledged a “significant slowdown” in ad spend that helped push it to weaker-than-expected results and could persist beyond the last quarter. . “Consumers have begun to moderate discretionary spending and advertisers have significantly reduced spending in the ad … Read more