AMC Entertainment recently raised approximately $250 million through a new equity capital sale. This move was made during the resurgence of the meme stock craze, which was sparked by the return of the infamous “Roaring Kitty.” The company conducted a 72.5 million share at-the-market equity offering that began on March 28. The shares were sold
Global Finance
Swedish financial technology company, Klarna, recently announced that a significant portion of its workforce has embraced the use of generative artificial intelligence tools in their daily tasks. With nearly 9 out of 10 employees, totaling 5,000 individuals, utilizing generative AI, Klarna is leading the way in incorporating this cutting-edge technology into its operations. The adoption
The recent announcement of Adam Dodds stepping down as CEO of Freetrade marks the beginning of a new era for the U.K. stock trading service. Dodds, who co-founded the company in 2016, will be succeeded by Viktor Nebehaj, the current chief operating officer of Freetrade. This change in leadership comes as Freetrade embarks on the
The world of investing was turned upside down in early 2021 when Keith Gill, famously known as “Roaring Kitty” or “DeepF——Value,” inspired a massive short squeeze on GameStop. Gill, a former marketer, captivated an army of day traders on Reddit who rallied behind him to drive up the price of GameStop shares and call options.
Horizon Kinetics’ James Davolos is confident in his firm’s Inflation Beneficiaries ETF (INFL), even in the face of potential Federal Reserve rate cuts. According to Davolos, the ETF is well-positioned to thrive in the current inflationary environment, which he believes is entering a mature phase. He anticipates inflation rates between three and five percent, noting
European companies operating in China are facing tougher conditions when it comes to profitability. According to a recent survey by the EU Chamber of Commerce in China, growth in the country is slowing down, and overcapacity issues are on the rise. In Shanghai, delays in payment have been reported by business members, with difficulties in
The Consumer Financial Protection Bureau’s regulation designed to reduce late fees on credit cards is facing a significant challenge from the card industry, led by the U.S. Chamber of Commerce. In March, the industry filed a lawsuit against the CFPB in federal court to prevent the implementation of the new rule, which aimed to limit
In a surprising turn of events, Spanish bank BBVA has set the stage for a rare hostile takeover bid for its domestic rival, Banco Sabadell. The move comes after Sabadell’s rejection of BBVA’s initial 12 billion euro takeover offer, citing undervaluation of its growth prospects and emphasizing the superiority of its standalone strategy. The announcement
British neobank Monzo has recently announced a substantial increase in its funding, securing an additional $190 million from various new investors. This brings the total amount raised by the company this year to an impressive $610 million. The funding was provided by notable backers such as Hedosophia, CapitalG, and the Singaporean sovereign wealth fund GIC,
Billionaire investor Stanley Druckenmiller shocked the market when he revealed that he had drastically reduced his position in chipmaker Nvidia earlier this year. This decision came as a surprise, especially since Nvidia had been one of the top performers in the tech industry in recent years. Druckenmiller attributed his move to the artificial intelligence boom
Citigroup CEO Jane Fraser recently discussed how consumer behavior in America is diverging as inflation continues to rise, affecting the lives of many individuals. According to Fraser, there is a clear distinction between the spending habits of affluent consumers and lower-income Americans. The affluent continue to spend, driving growth in certain sectors, while lower-income individuals
Berkshire Hathaway, the conglomerate led by renowned investor Warren Buffett, has reported a significant surge in operating earnings in the first quarter of the year. The operating profit of $11.22 billion represents a 39% increase from the previous year, driven primarily by a rise in insurance underwriting earnings. This strong performance has propelled Berkshire’s Class