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Day: May 28, 2021

AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%

Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing its monstrous 2021 rally to 1,132%. More than 650 million AMC shares changed hands on …

AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%Read More

Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more

Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360 million shares have already been traded, more than tripling its 30-day average. Shares have already …

Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and moreRead More

A key U.S. inflation gauge rose 3.1% year over year, higher than expected

A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the best gauge for inflation, though …

A key U.S. inflation gauge rose 3.1% year over year, higher than expectedRead More

Week Ahead – Could There be Another NFP Shock in Store for the Dollar?

As predictions about higher inflation turn out to be mostly correct, investors haven’t been doing such a good job in reading the health of the US labour market. The May nonfarm payrolls report will be an important test for the markets, although this time round, the risk might be skewed towards a positive shock. But …

Week Ahead – Could There be Another NFP Shock in Store for the Dollar?Read More

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office

Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch — except when big companies want to get their employees back to the office during a pandemic. Employers including banks and asset managers, technology companies and law firms are ramping up back-to-work plans as more …

Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the officeRead More

Biden goes on offensive against economic critics, argues rising wages show his agenda is working

WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign his agenda is boosting the fortunes of working Americans. “The bottom line is this: The Biden economic plan is working,” said the …

Biden goes on offensive against economic critics, argues rising wages show his agenda is workingRead More

Job searches jumped 5% in states cutting unemployment benefits, analysis finds

Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At least 24 states have announced their early withdrawal from pandemic-era unemployment programs since early May. …

Job searches jumped 5% in states cutting unemployment benefits, analysis findsRead More

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