Shares of AMC Entertainment soared another 40% on Thursday as speculative trading activity skyrocketed in the movie theater chain’s stock among Reddit-obsessed day traders. The stock surged as much as 47% in afternoon trading Thursday, pushing its week-to-date advance to a whopping 135%. Zoom In IconArrows pointing outwards AMC has overtaken GameStop to become the
Month: May 2021
In this article RR.-GB Detail of the new Rolls-Royce Boat Tail on May 27, 2021, unveiled by Rolls-Royce CEO Torsten Muller-Otvos at the Home of Rolls-Royce in Goodwood, West Sussex, England. Jeff Spicer | Getty Images Entertainment | Getty Images Rolls-Royce Motor Cars on Thursday unveiled the Boat Tail, a luxury vehicle model it has
In this article SPCX PACX Noah Kerner, CEO of Acorns. Adam Jeffery | CNBC Savings and investing app Acorns plans to go public by merging with a blank-check company. The fintech start-up announced a deal Thursday to combine with Pioneer Merger Corp., a publicly traded special purpose acquisition company. The merger values Acorns at roughly
People wait to visit a house for sale in Garden City, Nassau County, New York, on Sept. 6, 2020. Xinhua News Agency | Getty Images Mortgage interest rates are near historic lows. Yet if you want to take advantage of those rates, check your credit score first. That three-digit number determines whether you can get
President Joe Biden delivers remarks at the Ford Rouge Electric Vehicle Center, in Dearborn, Michigan on May 18, 2021. Nicholas Kamm | AFP | Getty Images The wealthy may have a whole other reason to dread President Joe Biden’s proposal to overhaul taxes on inheritances: They may have to dig through decades worth of documents
Sometimes it makes sense to add risky assets to a conservative portfolio. Holy grail for the fixed-income investor: an asset that has a decent return of its own and runs counter to the bond market. Blend this magic stuff with your Treasury bonds and you’d have a solid core holding—something that wouldn’t be utterly destroyed
President Biden’s campaign promise never to raise taxes on those making $400,000 or less annually will inevitably conflict with his proposal to tax unrealized capital gains at death. My TPC colleague Rob McClelland and I estimate Biden’s new capital gains tax could exempt about 98 percent of decedents who made $400,000 or less, but about
Everything is coming up roses (and peonies) for Courtney Sixx, who is the founder of Bouquet Box. This innovative subscription box is the perfect gift for anyone with an equal appreciation for flowers and DIY projects. Launched in February 2021, Bouquet Box was co-created with famed floral design house Mark’s Garden. It’s a truly innovative product that’s the
Russian President Vladimir Putin looks at military aircrafts flying over the Kremlin and Red Square to mark the 75th anniversary of the victory over Nazi Germany in World War Two, Moscow, May 9, 2020. Alexey Druzhinin | AFP | Getty Images Russia will not make Covid vaccines compulsory for its citizens, President Vladimir Putin said
Customers wait outside of a Best Buy store in downtown Toronto, Ontario on November 23, 2020 to pick up their online orders. Geoff Robbins | AFP | Getty Images Best Buy said Thursday that sales grew 36% in the fiscal first quarter, as shoppers’ stimulus-fueled spending spree included consumer electronics. Shares of the company nearly
The Federal Reserve seems to be having an identity crisis. Not that long ago, the U.S. central bank was seen solely as a watchdog of the nation’s financial system as well as the entity charged with using its various policy levers to control inflation and keep unemployment low. Nowadays, well, things have changed. In recent
Kmatta More than half of Americans support the move of some states to end a $300 weekly supplement to unemployment benefits months before it officially expires, according to a Quinnipiac University poll issued Wednesday. At least 23 states have announced an early end to federal unemployment programs in recent weeks. Self-employed workers and the long-term
Have you ever thought that the IRS could use some help, that is, to improve services to taxpayers? Would you like to make a difference on behalf of your fellow taxpayers? Taxpayers may not realize it (or might not even believe it), but there is a way they can get involved at a meaningful level
Starting on July 15, the IRS will begin distributing a monthly Child Tax Credit payment to at least 39 million families, or almost 90 percent of families with children. The agency has created a new online portal to help families claim the correct amount. But the portal may have no way for claimants to add
A visit to the Campbell House in Truckee, California, is a journey into the rail town’s past. Set on Donner Pass Road, the Queen Anne Victorian was built in the late 1800s in what today is known as the Brickelltown Historic District. This central commercial hub lies alongside the transcontinental railway line built by the
Electric vehicle manufacturing currently faces an “embedded carbon” challenge, says Jefferies’ Simon Powell. “To gain the environmental dividend that governments are looking for, users are going to have to keep them longer, drive them further than they may have done with a conventional internal combustion energy vehicle,” Powell, head of global thematic research at the
In this article NVDA Jen-Hsun Huang, CEO, Nvidia David Paul Morris | Bloomberg | Getty Images Nvidia reported first quarter results for its fiscal 2022 on Wednesday, with sales growing 84% compared to last year. Earnings and sales both beat Wall Street expectations, but the shares were basically unchanged in extended trading. Here’s how the
Traders working at the New York Stock Exchange (NYSE), on May 19, 2021. NYSE Stock futures held steady in overnight trading on Wednesday as investors await new labor-market data to gauge the pace of the economic recovery. Futures on the Dow Jones Industrial Average dipped just 10 points. S&P 500 futures and Nasdaq 100 futures
VSS Unity floats in microgravity at the edge of space during its third spaceflight on May 22, 2021. Virgin Galactic Ark Invest’s space exploration ETF sold its last remaining shares of Virgin Galactic on Tuesday, as the firm completed its move away from one of the few publicly traded pure-play space stocks. Cathie Wood’s firm
blackCAT | E+ | Getty Images If your income falls below $75,000 for 2021, there’s a chance you’ll end up paying no income taxes on it. On average, taxpayers in that category will have no tax liability after accounting for deductions and credits when they file their 2021 tax returns next spring, according to recent
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