(Bloomberg) — James McHugh isn’t afraid of a little risk. The trouble this year has been knowing where to find it. Crypto burned him. Meme stocks are stuck in the pits. So McHugh, a 36-year-old who works in Houston’s oil and gas industry, has been getting his fix in a corner of the market retail … Read more
AMC Networks Inc. AMCX 0.63% said Chief Executive Christina Spade has stepped down from her role less than three months after taking the reins of the entertainment company. The company said its board is finishing work to name a replacement. “We thank Christina for her contributions to the company in her CEO role and her … Read more
Capital markets regulator Sebi has amended norms to bring buying and selling of mutual fund units under the ambit of insider trading rules. At present, insider trading rules are applicable to dealing in securities of listed companies or those proposed to be listed, when in possession of Unpublished Price Sensitive Information (UPSI). The units of … Read more
AMC Entertainment Holdings beat third-quarter expectations, but shares were falling in late trading. AMC reported a slimmer-than-expected net loss and edged out revenue expectations during the third quarter. It also said as of Nov. 8, it had sold14.9 million AMC Preferred Equity Units (ticker: APE), raising $36.4 million in net proceeds.
(Bloomberg Businessweek) — Even in the high-pressure, high-pay world of hedge funds, the “long-short” stockpicker is supposed to be somebody special. The style, pioneered seven decades ago by Alfred Winslow Jones, gave hedge funds their name. In addition to betting on their favorite stocks going up (or being long, in Wall Street’s argot), they wager … Read more
The picture is one of two the company removed from its schedule next year, according to a statement Thursday. The other was an untitled live-action movie. Disney added one film, “Next Goal Wins,” from its smaller Searchlight label. Another picture, “Haunted Mansion,” was delayed until Aug. 11 from its original March 10 release date.
Passive no longer means inactive, at least in stock market parlance! Passive investing in mutual funds has caught on in a big way and passive assets under management (AAUMs) now constitute about ₹4.8 lakh crore, or 13 per cent of the total industry pie today. Nippon India Mutual Fund is among the leading players in … Read more
Shares of Bed Bath & Beyond Inc. soared Monday, as meme-stock investors expressed optimism a day ahead of the home goods retailer’s strategic update. The stock rocketed 27.4% in afternoon trading, while the S&P 500 index SPX, -0.35% slipped less than 0.1%. On Friday, the stock had climbed 5.9% while the S&P 500 tumbled 3.4%, … Read more