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AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks

AMC Scores an Earnings Beat at a Difficult Time for Meme Stocks

AMC Entertainment shares, along with other meme stocks, haven’t been spared during the broader market rout of the last few weeks. Mandel Ngan/AFP via Getty Images Text size AMC Entertainment Holdings stock jumped after the move theater firm beat Wall Street’s expectations for the first quarter. The company reported a non-GAAP net loss of 52 …

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Uber, Amazon, and Facebook Have Slowed Hiring.  Why Others Could Follow.

Uber, Amazon, and Facebook Have Slowed Hiring. Why Others Could Follow.

Text size Uber is one of multiple tech companies slowing down hiring and cutting back on spending. Drew Angerer/Getty Images facebook parent Meta Platforms , ride-share service provider Uber Technologies and tech and online retail giant Amazon.com have announced hiring slowdowns in recent weeks. It’s all about keeping down costs, according to one economist. Peter …

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Rivian Stock Slumped.  Ford Plans to Sell Part of Its Stake.

Rivian Stock Slumped. Ford Plans to Sell Part of Its Stake.

Text size Ford is planning to sell 8 million of the roughly 100 million shares of Rivian the company holds, according to multiple reports. Courtesy Rivian Shares of the electric-truck startup Rivian Automotive fell Monday. Ford-Motor is the main reason, but there is something else troubling investors. Just look at the overall market. Everything ended …

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Why Is Bitcoin Falling?  Prices Drop Amid Broader Market Tumble.

Why Is Bitcoin Falling? Prices Drop Amid Broader Market Tumble.

Bitcoin was trading around $37,000 Thursday. Rutmer Visser/Dreamstime Text size The price of Bitcoin, Ether, and other cryptocurrencies slumped on Thursday, reversing a recent rally as a deep selloff in the stock market spread to digital assets.. Bitcoin tumbled 6% over the past 24 hours to around $36,900, after ending 6% higher on Wednesday and …

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Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

Fed, Biden Administration Float New Lending Rules for Lower-Income Areas

WASHINGTON—Top US banking regulators are poised to overhaul how banks lend hundreds of billions of dollars annually in lower-income communities, after scrapping a Trump-era revamp that had divided regulators and industry officials. The latest proposal to modernize rules for the 1977 Community Reinvestment Act is set to be announced Thursday and aims to ensure lending …

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This trader predicted the bond meltdown, tech selloff and oil's surge.  Here's what she says is coming next.

This trader predicted the bond meltdown, tech selloff and oil’s surge. Here’s what she says is coming next.

Fade the Fed anyone? Stock futures are headed south, following a big Wall Street rally stemming from perceptions Federal Reserve Chair Jerome Powell and co. may be less hawkish than markets think. A short-lived rally won’t be a huge surprise to some. After all, we’ve got 99 problems out there that aren’t exactly in the …

This trader predicted the bond meltdown, tech selloff and oil’s surge. Here’s what she says is coming next. Read More »

Stock Futures Slip as Investors Reassess Fed Comments

Stock Futures Slip as Investors Reassess Fed Comments

US stock futures fell, with technology stocks on track to lead losses after the opening bell, as investors assessed the implications of Fed’s most aggressive tightening of monetary policy in more than two decades. Futures for the S&P 500 fell 0.6% Thursday. Contracts for the tech-focused Nasdaq-100 lost 0.7% and futures for the Dow Jones …

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