AMC Entertainment recently raised around $250 million in new equity capital through a successful sale of 72.5 million shares. This at-the-market equity offering, launched on March 28, saw AMC selling shares at an average price of $3.45 per share. The timing of this sale coincided with a resurgence in the meme stock craze, fueled by
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In a surprising turn of events, Tencent managed to surpass analyst expectations for both revenue and profit in the first quarter. The Chinese tech giant reported a revenue of 159.5 billion Chinese yuan ($22 billion), exceeding the 158.4 billion yuan anticipated. Additionally, the profit attributable to equity holders of the company was 41.9 billion yuan,
Klarna, a Swedish financial technology company, has made waves in the industry by implementing generative artificial intelligence tools within its workforce. With nearly 9 out of 10 employees utilizing AI on a daily basis, Klarna stands out as a leader in the adoption of this innovative technology. This article delves into the ways in which
Being super rich may seem like a dream come true to many, but the reality is far from that. While some may believe that money can buy happiness, the truth is that a million-dollar paycheck does not come with a problem-free pass. According to therapists who have worked with the ultra-rich, individuals in this category
GameStop has once again captured the attention of WallStreetBets on Reddit as mentions of the video game retailer surged to over 900 in the last seven days. This surge in activity has propelled GameStop to become the second-most referenced equity on the forum, just behind the SPDR S&P 500 ETF Trust. The recent boost in
Novavax, a struggling vaccine maker, saw its shares surge by as much as 50% following the announcement of a new multibillion-dollar deal with French drugmaker Sanofi. The deal not only caused a significant increase in Novavax’s stock price but also led to the removal of the company’s “going concern” warning, which had been issued earlier
When it comes to selling a property, many Americans may find themselves facing capital gains taxes due to the increasing value of their homes. While most individuals are not required to pay taxes on the profits made from selling their primary residence thanks to the Section 121 exclusion, which allows for up to $250,000 for
As new college graduates step out into the job market this year, they are faced with a challenging landscape. Reports from the National Association of Colleges and Employers indicate that there will be a 5.8% decrease in hiring compared to the previous year. This decline is primarily seen in industries such as chemical manufacturing, finance,
GameStop shares saw a remarkable surge of over 80% in a single day, fueled by the resurgence of “Roaring Kitty,” a key figure in the epic short squeeze of 2021. Formerly known as Keith Gill, this individual, also recognized as DeepF——Value on Reddit, captivated a legion of day traders who rallied together in a fervor
SoftBank has announced a significant gain on its Vision Fund in the fiscal year ended March, marking a turning point for the flagship tech investment arm. This is the first time the Vision Fund has been in the black since 2021, with a profit of 128.2 billion yen after a substantial loss the year before.