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Wednesday 15-May-24
This week’s meme-stock rally sent shares of AMC and GameStop skyrocketing, fueled by the return of Keith Gill, also known as Roaring Kitty, to social media.
AMC meme-stock rally ‘is just pure hype’, analyst says
Vanguard Group on Tuesday appointed BlackRock Inc. veteran Salim Ramji as its new chief executive, a move that will give the asset-management giant a leader with years of experience in wealth advisory and management who is known for his efforts to expand investing access.
Who is Salim Ramji, the new Vanguard CEO?
A look at how individual traders have performed against their bigger counterparts underscores just how much predictive power lies in the hands of Main Street.
Retail traders are beating big firms in guessing where U.S. interest rates will go next
The Biden administration is giving borrowers more time to take a key step that will make them eligible for a student-loan forgiveness program.
Student-loan forgiveness deadline extended. Here’s how to take advantage.
Oil futures moved higher on Wednesday, buoyed by a second straight weekly decline in U.S. crude supplies, as a slowdown in the U.S. inflation rate lifted prospects for interest-rate cuts and the potential for stronger energy demand.
Oil turns higher on decline in U.S. supplies as traders weigh demand outlook
Charles M.C. Lee, professor emeritus at the Stanford Graduate School of Business, has been questioning the wisdom of trading halts for some time.
GameStop and AMC shares were halted 38 times on Tuesday. This expert has been arguing for decades that halts don’t work.
Mizuho analysts are betting the stock of the small biotech Terns Pharmaceuticals Inc. could rally sharply if the company’s oral weight-loss drug proves successful when data from an early-stage trial is released later this year.
Mizuho still recommends Terns Pharma as a cheap entry to the weight-loss-drug craze
Surveys of consumers as well as businesses have been pessimistic for some time. Now the hard data, such as the retail-sales report for April, is starting to weaken as well, though it’s still much better than what the so-called soft data is suggesting.
The soft economic data has been bad. The hard data is starting to weaken as well.
The average cost of child care for two children is now greater than the average rent in all 50 states, and greater than the average mortgage payment in 45 states.
Child care costs more than a mortgage payment or rent almost everywhere in the U.S.: ‘There is no escaping it’
Move, along with a recently completed at-the-market offering, should reduce net leverage for the indebted cinema operator by about 10%, says B. Riley analyst.
AMC’s stock tumbles on news company will issue 23.3 million of shares in debt-for-equity swap
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