AMC Entertainment Holdings Inc. surprised Wall Street by announcing its “APE” special dividend after the market close on Thursday. This, of course, is a company that’s no stranger to making bold moves, like the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC shows. -2.88% earlier this year. The … Read more
text size Alongside tensions in Taiwan and Federal Reserve expectations, Wall Street remains focused on corporate earnings this week. Angela Weiss/AFP via Getty Images Stocks were expected to rise on Wednesday as Nancy Pelosi’s visit to Taiwan ended without major repercussions. Treasury yields also rose as investors continued to watch the Federal Reserve’s monetary policy … Read more
It was a rally. The S&P 500 SPX, +1.42% started the week at a seven-week high, bolstered by hopes for a less hawkish Fed and a sense that earnings pessimism was overdone. The benchmark stock index is up 12.6% from its recent low in June and has posted its best July performance since 1939, according … Read more
The once-sizzling market for NFTs has become a spectacular bust as high-profile auctions increasingly fail and investors who splurged millions on bizarre digital artworks now struggle to sell them at a tiny fraction of their price. Last spring, little-known crypto artist Beeple sold an NFT for a staggering $69 million. This month, he revealed he … Read more