AMC Entertainment recently raised around $250 million through a new equity capital offering. This move came amidst the revival of the meme stock craze, which was triggered by the reappearance of “Roaring Kitty.” The movie theater operator decided to sell 72.5 million shares in an at-the-market equity offering that began on March 28. Ultimately, AMC
Tencent, the Chinese tech giant, managed to surpass analyst estimates for revenue and profit in the first quarter. The company’s core gaming business saw slightly better sales, while its advertising and business services division showed improved profitability. Tencent’s revenue reached 159.5 billion Chinese yuan, exceeding the expected 158.4 billion yuan. Profit attributable to equity holders
Contrary to popular belief, being incredibly wealthy does not necessarily equate to a trouble-free life. While some may envision a million-dollar paycheck as a solution to all problems, the reality is quite different. According to therapists who work with the ultra-rich, these individuals often grapple with feelings of isolation, depression, and paranoia. The common misconception
As the value of homes across America continues to rise, more and more people are finding themselves liable to pay capital gains taxes when selling their properties. However, experts believe that understanding how to calculate the profit from your home sale can help you reduce the amount you owe in taxes. Although most Americans are
Novavax shares surged by 50% following the announcement of a new multibillion-dollar agreement with French pharmaceutical giant Sanofi. This deal marked a significant turnaround for Novavax, a company that had been struggling with doubts about its financial viability since February 2023. The stock nearly doubled in value after the licensing agreement was made public, allowing
GameStop has once again taken center stage on Reddit’s WallStreetBets forum thanks to the return of the infamous “Roaring Kitty.” With mentions of the video game retailer surpassing 900 in the last week, GameStop has become the second most talked-about equity, just behind the SPDR S&P 500 ETF Trust. “Roaring Kitty,” also known as Keith
Recent graduates entering the job market this year are facing a different landscape compared to previous years. With employers planning to hire about 5.8% fewer new college graduates than they did in the past, according to a report from the National Association of Colleges and Employers, the competition for job opportunities has intensified. Industries such
GameStop shares surged more than 80% in a single day, fueled by the return of “Roaring Kitty,” the man behind the epic short squeeze of 2021. Keith Gill, also known as DeepF——Value on Reddit, made a dramatic entrance back into the online scene after a three-year absence. His reappearance sparked a frenzy among day traders,
SoftBank, the Japanese conglomerate, reported a significant gain of 724.3 billion Japanese yen ($4.6 billion) on its Vision Fund in the fiscal year that ended in March. This marked the first time since 2021 that the flagship tech investment arm was in the black, with the Vision Fund segment posting a profit of 128.2 billion
In the world of investing, it can be challenging to navigate the intricacies of the stock market, especially when faced with uncertainty and volatility. However, adopting a long-term mindset and following the recommendations of top Wall Street analysts can help investors make informed decisions for their portfolios. One such recommendation comes from Deutsche Bank analyst