AMC may sell up to 11.6 million of its shares with a trading phenomenon pushing stock in the movie theater chain up almost 3,000% this year, and 140% just this week. AMC is emerging from…
There’s a gold rush going on in the financial markets. It features everyday underdogs getting their due and bigwig “bad guys” recoiling from their comeuppance. It’s accompanied by online flame wars and some of the…
Here’s an interesting bit of coronavirus math: America’s billionaires today could give $3,000 apiece to every person in the country and still be left with bigger fortunes than they had before the pandemic started. That’s…
The Dow Jones Industrial Average surged past 30,000 points for the first time in history Tuesday, a day after the Trump administration finally agreed to start the transition process to President-elect Joe Biden. Investors also…
Stocks are falling in morning trading on Wall Street Monday and deepening last week’s losses, as a troubling climb in coronavirus counts threatens the global economy. The S&P 500 was 1.4% lower, following up on…
First off, I’m sending wishes to President Trump and the first lady that they recover quickly from their diagnosis of COVID-19 and that their symptoms are mild. As leader of the world’s biggest economy, the…
Wall Street is not the economy. The economy is not Wall Street. So when politicians try to conflate the two, don’t buy it. Most Americans need no convincing. All they have to do is look…
Wall Street’s summer-long party fueled by investors’ appetite for some of the world’s best-known technology companies has come to an abrupt, if not entirely unexpected, halt. The sharp sell-off that began last Thursday has wiped…
NEW YORK (AP) — Stocks around the world were clawing higher this morning, and the S&P 500 climbed toward its first gain of what’s been a dismal week. Even the oil market gained ground. Prices…
TOKYO (AP) — Asian shares rose today, echoing the rally on Wall Street, amid a few glimmers of hope that the coronavirus pandemic could be slowing. Markets in Japan, South Korea, Hong Kong, Shanghai, Australia,…