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NEW YORK: Even before Reddit day traders pushed AMC Entertainment Holdings Inc’s stock up 1,400% this year, Jason Mudrick had been telling the company it should take advantage of the wild rally by selling stock to stay in business.
WASHINGTON, Global equities markets firmed on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called "meme stocks."
SYDNEY: Asian shares stepped back from three-month highs on Thursday as investors weighed inflation concerns ahead of key U.S. economic data while oil prices rose for a third straight session.
NEW YORK: The meme-stock frenzy is back – and bigger than ever.
NEW YORK: Shares of AMC Entertainment Holdings Inc surged to a record high this week in a blistering rally that again highlighted how an arcane options market dynamic known as a gamma squeeze can super-charge stock price gains.
WASHINGTON: Global stocks rallied on Friday and closed near all-time highs, and oil and gold rose while the dollar dropped after U.S. jobs data was strong but not as robust as expected, easing investor worries that the Federal Reserve would soon rein in monetary stimulus.
NEW YORK: Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the US$11 trillion (RM45.41 trillion) industry is far from immune.
SkyCity Entertainment Group on Monday said Australia's financial crime regulator had launched an investigation into possible breaches of anti-money laundering and counter-terrorism laws at the firm's operation in Adelaide.
S&P Global Ratings expects NagaCorp Ltd's (Naga; B+/Stable/--) liquidity will be bolstered by the proposed retap of the US-dollar-denominated senior unsecured notes due 2024.
Australia's anti-money-laundering agency on Monday widened a probe into due diligence at casinos to include the three biggest operators.