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Prime Peke! Wasabi the Pekingese wins Westminster dog show
  + stars: | 2021-06-14 | by ( The Associated Press | ) www.nbcnews.com + 0.00   time to read: +5 min
TARRYTOWN, N.Y. — The flavor of the year at the Westminster Kennel Club dog show: Wasabi. A Pekingese named Wasabi won best in show Sunday night, notching a fifth-ever win for the unmistakable toy breed. The Pekingese dog "Wasabi" wins Best in Show at the 145th Annual Westminster Kennel Club Dog Show June 13, 2021, at the Lyndhurst Estate in Tarrytown, N.Y. Timothy A. Clary / AFP - Getty ImagesThe 3-year-old Pekingese, meanwhile, was “pretty nonchalant about the whole thing,” his handler said. She guided Jade’s father, CJ, to a 2016 Westminster best in show win — and lost him last September, when the 7-year-old died unexpectedly of a fungal infection. David Fitzpatrick holds his Pekingese "Wasabi" after winning the Best in Show at the 145th Westminster Kennel Club Dog Show at Lyndhurst Mansion in Tarrytown, N.Y., on June 13, 2021.
Persons: Wasabi, Bourbon, , David Fitzpatrick, Patricia Trotter, ” Fitzpatrick, Malachy, , Timothy A, Clary, Fitzpatrick, Iris Love, Sandra Middlebrooks, Peggy Steinman, , Mathew the, Connor, Jade, Striker, Valerie Nunes, Atkinson, CJ, He’s, Nunes, Jade “, Boy, Rebecca Cross, Mike Segar, Barry Bonds, Cheryl Dugan, didn’t, Rocky, ” Bonds, “ I’ve, I’ve, Bonds, Douglas Tighe, Pennie, Tighe, Kole Brown, Riley, Kurtis Brown, Samantha Brown Organizations: Westminster Kennel Club, American Kennel Club, Westminster, Westminster Kennel, Getty, Garden, AKC, 145th Westminster Kennel, Lyndhurst, Reuters, Fox Sports, Sunday, U.S . Air Force Locations: TARRYTOWN, N.Y, Wasabi nabbed, East Berlin , Pennsylvania, Lyndhurst, Tarrytown, AFP, COVID, Highland, New York City, Madison, Temecula , California, Thailand, Bangkok, Gettysburg , Pennsylvania, Westminster, Brittany, Hope , New Jersey, U.S, San Antonio , Texas
MLB roundup: Jays belt 8 HRs in record-setting rout of Red Sox
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.00   time to read: +11 min
Jun 13, 2021; Minneapolis, Minnesota, USA; Houston Astros designated hitter Michael Brantley (23) hits a double during the first inning against the Minnesota Twins at Target Field. Carlos Martinez (3-7) suffered the hard-luck loss after allowing just two unearned runs on four hits and one walk in seven innings. Yankees starter Domingo German (4-4) lasted only 4 1/3 innings and allowed 10 hits and seven runs with two strikeouts and one walk. Milwaukee starter Adrian Houser pitched 5 2/3 innings, giving up two runs and seven hits with no walks and two strikeouts. Rangers starter Dane Dunning (2-5) gave up four runs on seven hits over four innings.
Persons: Michael Brantley, Jordan Johnson, Teoscar Hernandez slugged, Robbie Ray, Hernandez, Bo Bichette, Rowdy Tellez, Vladimir Guerrero Jr, Lourdes Gurriel Jr, Marcus Semien, Ryan Weber, Martin Perez, Xander Bogaerts, Bobby Dalbec, Zach Davies, Louis, Davies, Craig Kimbrel, Carlos Martinez, Paul DeJong, Anthony Rizzo, Aaron Nola, Jean Segura, Realmuto, Andrew McCutchen, Odubel Herrera, Domingo, Kyle Tucker, Yordan Alvarez, Chas McCormick, Framber Valdez, Michael Pineda, Nelson Cruz, Ryan Jeffers, Kyle Schwarber, Joe Ross, Schwarber, Ross, Jared Walsh, Patrick Sandoval, Sandoval, Max Stassi, Justin Upton, Jon Duplantier, Eugenio Suarez, Tony Santillan, Lucas Sims, Logan Gilbert, outpitching Shane Bieber, Kyle Seager, Jake Fraley, Fraley, Mitch Haniger, Haniger, Gilbert, Carlos Rodon, Eric Haase's, Rodon, Isaac Paredes, Robbie Grossman, Liam Hendriks, Austin Riley, Riley, Ronald Acuna Jr, Acuna, Randy Arozarena, Josh Fleming, Fernando Tatis Jr, Tommy Pham, Manny Machado, Francisco Lindor, Mason Williams, Jose Peraza, Luis Urias, Daniel Vogelbach, Adrian Houser, Josh Hader, Jacob Stallings, Wil Crowe, Matt Olson, Chris Bassitt, Matt Chapman, Kris Bubic, Walker Buehler, Mookie Betts, Zach McKinstry, Dane Dunning, Dunning, Gavin Lux Organizations: Houston Astros, Minnesota Twins, Target, USA, Blue Jays, Toronto Blue Jays, Boston Red Sox, Cavan Biggio, Sportsnet, Boston, NBC Sports Boston, Red Sox, Cubs, Cardinals, Chicago, National League Central, Phillies, Yankees, Philadelphia, Astros, Houston, Minnesota, Nationals, Giants, Washington, Diamondbacks, Reds, Rockies, Cincinnati, Mariners, Seattle, Cleveland, Sox, Tigers, Detroit, Braves, Marlins, Atlanta, Miami, Orioles, Tampa, Baltimore, Padres, Mets, San, New York, Brewers, Pirates, Milwaukee, Pittsburgh, Athletics, Royals, Oakland, Kansas City, Dodgers, Rangers, Texas, Thomson Locations: Minneapolis , Minnesota, USA, Cavan, Fenway, New York, clobbering Minnesota, Minneapolis, Minnesota, San Francisco, Washington, Los Angeles, Arizona, Phoenix, . Arizona, Colorado, Cincinnati, Baltimore, Tampa Bay, San Diego, New, Pittsburgh
read more"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday's Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
US STOCKS-Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. Focus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: , Mark Grant, Ambar Warrick, Maju Samuel Organizations: Boeing, Dow, Nasdaq, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Clover Health, GameStop Corp, Securities and Exchange Commission, Reuters United Airlines, Airbus, Ocugen Inc Locations: Bengaluru
Wall Street set for flat open as consumer prices jump
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File PhotoU.S. stock indexes were set for a muted open on Thursday as a surge in consumer prices in May fanned fears of early policy tightening by the Federal Reserve, while another report showed the labor market remained under pressure. The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. A separate report on Thursday from the Labor Department showed the number of Americans filing for jobless claims fell less than expected last week. read moreFocus was also on a major infrastructure spending bill, talks over which hit a deadlock in the Senate.
Persons: Mike Segar, Mark Grant Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley, Fed, Dow E, Nasdaq, Clover Health, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, Thomson Locations: Manhattan, New York City , New York, U.S
The Labor Department said its consumer price index increased 0.6% last month after surging 0.8% in April. The labor market and inflation are two key factors for the Fed to consider tightening, and while inflation has risen, recent payrolls data was underwhelming. ET, the Dow Jones Industrial Average (.DJI) was up 230.84 points, or 0.67%, at 34,677.98, the S&P 500 (.SPX) was up 27.27 points, or 0.65%, at 4,246.82. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 38 new 52-week highs and no new low, while the Nasdaq recorded 58 new highs and six new lows.
Persons: Mike Segar, Mark Grant, Scott Brown, Raymond James Organizations: New York Stock Exchange, REUTERS, Federal Reserve, Labor Department, CPI, Riley Financial, Fed, Dow Jones, Nasdaq, Clover Health, AMC, GameStop Corp, Securities and Exchange Commission, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S, St . Petersburg , Florida
S&P 500 brushes off rising inflation to hit record high
  + stars: | 2021-06-10 | by ( Ambar Warrick | ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Mike Segar/File PhotoU.S. stocks rose on Thursday and the S&P 500 hit a record intraday high as investors juggled signs of a swift economic recovery with concerns over the Federal Reserve tapering its massive monetary stimulus. The S&P 500 (.SPX) hit a record high of 4,249.74. ET, the Dow Jones Industrial Average (.DJI) was up 123.39 points, or 0.36%, at 34,570.53 and the S&P 500 (.SPX) was up 18.18 points, or 0.43%, at 4,237.73. read moreAdvancing issues outnumbered decliners by a 2.55-to-1 ratio on the NYSE and a 2.17-to-1 ratio on the Nasdaq. The S&P index recorded 48 new 52-week highs and no new lows, while the Nasdaq recorded 72 new highs and nine new lows.
Persons: Mike Segar, Mark Grant, Christine Lagarde Organizations: New York Stock Exchange, REUTERS, Labor Department, CPI, Riley, Dow Jones, Nasdaq, European Central Bank, Clover Health, AMC, GameStop Corp, SEC, Boeing, Reuters United Airlines, Airbus, NYSE, Thomson Locations: Manhattan, New York City , New York, U.S
"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday’s Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
Throw in accidents, cyberattacks, extreme weather and the huge disruption caused by the desperate hunt for cleaner sources of energy, and you have a perfect storm. Rising costs have pushed producer price inflation in China to its highest level in nearly 13 years. The rising costs of resin and pulp, for example, are promptingandto increase the prices of household staples such as tampons, diapers and toilet paper. Logistics and labor costs climbCommodities are not the only factor driving prices higher, however. For example, workers might demand higher wages, forcing companies to increase the price of their goods and placing additional upward pressure on salaries.
Persons: Brent, We've, George Calhoun, Mike Jackson, Joe Biden's, Tesla, Elon Musk, Gamble PG Kimberly, Clark KMB It's, India's, Warren Patterson, Patterson, Rio, we've, I'm, Biden, Andrew Kenningham, Joe Biden Whirlpool, Marc Bitzer, Bitzer, Carsten Brzeski, Larry Summers, Mervyn King, Lael Brainard, Kenningham, — Charles Riley, Laura He, Chris Isidore Organizations: Organization for Economic Cooperation, Development, Stevens Institute of Technology, United Oil, Ford, Volkswagen, Fiat Chrysler, Nissan, Bureau of Labor Statistics, Congress, Bloomberg, National Association of Home Builders Association, Procter, Gamble, Colonial Pipeline, ING, Factories, Global, UN Food and Agriculture Organization, FAO Food Price, Nestlé, Unilever UL, Logistics, Commodities, Labor, Capital Economics, Bloomberg Television, Cummins CMI, US, Bank of, Deutsche Bank, Federal Reserve, CNN Business Locations: lockdowns, Moscow, Russia, New Jersey, Sunset Blvd, Los Angeles, United States, Volkswagen Navarra, Spain, China, Shanghai, Texas, Suez, South America, North America, Australia, Brazil, Thailand, Europe, Santa Cruz, Rio Pardo , Sao Paulo state, Cleveland , Ohio, Germany
London (CNN Business) El Salvador has become the first country to adopt bitcoin as legal tender. A majority of lawmakers have approved a proposal from Salvadorian President Nayib Bukele that will allow bitcoin to be used as legal tender in the country alongside the US dollar. The law states that "all economic agents shall accept bitcoin as a form of payment when it is offered by the purchaser of a good or service." It also says that tax payments can now be made in bitcoin. He previously said that El Salvador would partner with digital finance company Strike to establish the infrastructure required to support the use of bitcoin as an official currency.
Persons: Nayib Bukele, El Salvador, Read Organizations: London, CNN, El Locations: El Salvador, bitcoin
He also failed to ensure that questions from US authorities about the German carmaker's 2015 emissions scandal were answered "truthfully, completely and without delay," the company said Wednesday. The former Volkswagen CEO attended a meeting in July 2015 at which key features of the so-called "defeat device" were discussed. According to the report, Winterkorn denied through his lawyers that he breached his duties of care. Still, the former CEO has agreed to pay the company €11.2 million ($13.7 million). Volkswagen said it would receive an additional €270 million ($329 million) from an insurance policy covering its directors and officers.
Persons: Martin Winterkorn, Rupert Stadler, Gleiss Lutz, Winterkorn, Stadler, , Stephanie Halasz Organizations: London, CNN Business, Volkswagen, Audi, US Securities and Exchange Commission Locations: Germany
Shares of payment processing company Marqeta opened at $32.50 after its market debut Wednesday on the Nasdaq. Marqeta priced just over 45 million shares at $27 apiece on Tuesday, above its initial $20 to $24 target range. The company raised $1.2 billion at an implied $15.2 billion valuation, up from its last private market valuation last year of about $4.3 billion. Founded in 2010 and based in Oakland, California, Marqeta sells payment technology that's designed to detect potential fraud and ensure that money is properly routed. Gardner's stake in the company is worth nearly $2 billion based on the IPO price.
Persons: Marqeta, that's, Jason Gardner, Gardner, it's, Goldman Sachs Organizations: Nasdaq, CNBC Disruptor, JPMorgan Chase &, Marqeta's, CNBC Locations: It's, Oakland , California, DoorDash, United States
Recent Spate of Mass Shootings Is Among Worst in U.S. History
  + stars: | 2021-06-08 | by ( Zusha Elinson | Luis Melgar | Katherine Riley | ) www.wsj.com sentiment -1.00   time to read: +1 min
A string of mass shootings over the past three months as the U.S. re-opened from the pandemic was one of the worst on record, and law-enforcement officials are fearful of more to come. For almost exactly a year, as Covid gripped the country, there were no shootings that killed four or more people in public places, according to the project. That attack was followed by mass shootings at a Colorado supermarket, a Southern California office building, an Indianapolis FedEx facility, and a San Jose, Calif., railyard. Law-enforcement officials and threat-assessment professionals say possible factors behind the recent spate of mass shootings include the growth in public gatherings as the Covid-19 threat has eased, the stress of the pandemic on Americans’ mental health and record sales of guns last year. “There’s been people that have had a lot of angst, there’s a lot of people who’ve been acquiring a lot of weapons.”
Persons: “ We’ve, , Mike Sena, There’s, who’ve Organizations: Violence, Indianapolis FedEx, Calif, Northern California Regional Intelligence Center Locations: U.S, Atlanta, Colorado, Southern California, Indianapolis, San Jose
The Democrats’ Problem Isn’t Joe Manchin
  + stars: | 2021-06-08 | by ( Jason L. Riley | ) www.wsj.com + 0.00   time to read: +3 min
Yes, Mr. Manchin is likely more interested in self-preservation than principle. Mr. Manchin isn’t being obstructionist so much as practical, and he’s forcing Democrats to confront tensions within their ranks that they can’t ignore forever. Democrats have tended to treat racial and ethnic minorities as more progressive by nature, but Mr. Shor said that view was a mistake. “Roughly the same proportion of African-American, Hispanic, and white voters identify as conservative,” he said. “In the summer, following the emergence of ‘defund the police,’ as a nationally salient issue, support for [Joe] Biden among Hispanic voters declined,” he said.
Persons: Democratic Sen, Joe Manchin, Manchin, David Shor, Shor, , ” Mr, George Floyd, Joe, Biden, , Marlon Marshall, Lynda Tran Organizations: Democratic, Capitol, Democratic Party, New York, Democrats Locations: West Virginia, MI
The pandemic forced more companies to migrate sales online and data analysis to the cloud, where they can tap computing resources without having to worry about managing infrastructure in their own data centers. Vaynerchuk is known for his early bets on companies like Twitter, Uber, Snap and Coinbase. Equally significant is the backing of serial entrepreneur Lore, who sold his online delivery start-up Jet.com to Walmart in 2016 for $3.3 billion. Lore had previously sold another start-up that he founded, Quidsi, the parent of Diapers.com, to Amazon for about $550 million. "I invested in Tracer because I know firsthand the power of data to drive business results," Lore told CNBC via email.
Persons: Marc Lore, Gary Vaynerchuk, Lore Organizations: Twitter, Walmart, Amazon, CNBC
In this article AMCA sign hangs outside of an AMC theater on June 01, 2021 in Skokie, Illinois. These box office receipts suggest that movie theaters are heading for a recovery a year after they were forced to shutter. "We have emphasized the box office strength needed to be broad-based across all film genres to drive box office back to pre-pandemic levels and higher." Those chains are beloved, particularly in California, and landlords are actively seeking movie theater tenants to fill these spots. A change in habitsOf course, it's unclear if the eagerness to return to movie theaters will be short-lived.
Persons: Scott Olson, Adam Aron, Aron, Tom Nunan, Eric Wold, Wold, Comscore, Peter Rabbit, Paul Dergarabedian, Carmike, Nunan, Trey Collins, Shawn Robbins Organizations: AMC, Getty, AMC Entertainment, UCLA School of Theater, Film, Television, Eye Entertainment, Riley Securities, YouTube, CNBC Locations: Skokie , Illinois, Pacific, North America, ArcLight, California
Mark Cuban-backed banking app Dave going public via $4 billion SPAC
  + stars: | 2021-06-07 | by ( Riley De León | ) www.cnbc.com + 0.00   time to read: +3 min
Banking app Dave announced Monday that the company will make its market debut through a SPAC merger with VPC Impact Acquisition Holdings III. The agreement values Dave at $4 billion and is expected to close in the second half of this year. Upon completion of the deal, it intends to list on the New York Stock Exchange under ticker symbol DAVE. The company started with overdraft fees. The CNBC SPAC 50 Index, which tracks the 50 largest U.S.-based premerger blank-check deals by market cap, has slumped roughly 4% year to date, while the Nasdaq has gained roughly 7%.
Persons: Dave, VPCC, Dave —, David, Jason Wilk, Mark Cuban, we're, Wilk Organizations: VPC, New York Stock Exchange, CNBC, Victory Park Capital, Tiger Global Management, Wellington Management, Corbin Capital Partners, Nasdaq, Research Locations: Chicago, fintech, Dave, U.S
CLEAR, the company best known for helping travelers zip through airport security lines, filed its IPO prospectus on Monday, and indicated that business is picking up as vaccinations increase. "We expect that Covid-19 will continue to adversely impact our airport enrollments and business in 2021 and possibly beyond," CLEAR said in its prospectus. Since Health Pass launched, it's gained traction in stadiums for sporting events that need to check the status of many people quickly. In February, 100 vaccinated health-care workers were able to attend the Super Bowl in Tampa, Florida, by verifying their status through Health Pass. CLEAR is poised to be the latest New York company to hit the public markets, joining a growing roster that includes names like Etsy, MongoDB and Peloton.
Persons: it's, Danny Meyer, Goldman Sachs, Wells Organizations: New York Stock Exchange, NBA, National Hockey League, Shake Shack, NFL, Partnership Fund, New, CNBC, JPMorgan Chase & Locations: York, Tampa , Florida, Health, Arizona, New York, MongoDB, Silicon Valley, San Francisco, New York City
—Lizzy WholleyBalenciaga dress, $3,090, Balenciaga, 338 North Rodeo Drive, Beverly Hills, Los Angeles Apparel turtleneck, $30, losangelesapparel.net, and Bleecker & Prince ring, $1,290, bleeckerandprince.com. Prada skirt and shoes, prices upon request, prada.com, Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net. Mode top, $875, and skirt, $955, modaoperandi.com, Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net, and Hereu shoes, $320, hereustudio.com. Louis Vuitton dress, $3,850, T-shirt, $1,030, and pants, $1,650, select Louis Vuitton stores, Los Angeles Apparel turtleneck, $30, losangelesapparel.net, and Dinosaur Designs ring, $85, dinosaurdesigns.com. Alexander McQueen dress, $2,890, and sandals, $690, alexandermcqueen.com, and Los Angeles Apparel turtleneck, $30, and leggings, $26, losangelesapparel.net.
Persons: Bibi Cornejo Borthwick, Kate Phelan, Ellsworth, Bridget Riley’s, Barbara, Borthwick, Phelan, Louis, Yves Klein, Sander, Alexander McQueen, Celine, Hedi, Salvatore Ferragamo, Louis Vuitton, Loewe, Lizzy Wholley, Bleecker & Prince, losangelesapparel.net, Keane, Jil Sander, & Prince, Ralph Lauren, Paula Rowan, Maryam Nassir Zadeh, mnzstore.com, Norma Kamali turtleneck, Proenza Schouler, doverstreetmarket.com, Sam McKnight, Lucy Bridge, Adam Slee, Roxy Walton, Pat Boguslawski, Dow Jones, 87990cbe856818d5eddac44c7b1cdeb8 Organizations: Louis Vuitton, Los, Los Angeles Apparel turtleneck, Bleecker &, Angeles Apparel turtleneck, &, Milk Management, Dow Jones & Company, Inc Locations: Beverly Hills, Los Angeles, Angeles, losangelesapparel.net, , New York
AMC Shares Sink on Stock Sale Plan and Warning to Buyers
  + stars: | 2021-06-03 | by ( Joe Wallace | ) www.wsj.com + 0.00   time to read: +6 min
Shares of AMC finished Thursday’s wild trading session down 18% at $51.34 after almost doubling in value the previous day. AMC shares dropped as much as 40%, then later recovered all of those losses before sliding again. Even AMC acknowledged the risk that the dramatic swings in its share price pose for investors. PREVIEWIt added that its share price might continue to experience extreme volatility that could cause losses for investors who buy the stock. Despite the rockiness in AMC’s shares, the influence of online traders on the stock market showed no sign of abating.
Persons: , Hertz, Reddit’s WallStreetBets, outstripping, Adam Falk, — Caitlin Ostroff, Caitlin McCabe, Joe Wallace Organizations: AMC Entertainment Holdings Inc, AMC, Capital, GameStop Corp, Securities and Exchange Commission, Hertz Global Holdings Inc, SEC, BlackBerry Ltd, Growers Inc, S3 Partners, GameStop, YouTube, Street, Riley Securities Inc, Citigroup Inc Locations: Wall, AMC’s, TopStonks.com, Joe.Wallace
AMC Entertainment said Thursday it plans to sell more than 11 million shares amid the trading frenzy in its stock. About 18% of the AMC shares available for trading are still sold short through Wednesday, according to S3 Partners. B. Riley Securities and Citigroup Global Markets are AMC's sale agents for the stock sale. Separately, AMC on Tuesday announced a sale of 8.5 million shares to Mudrick Capital at approximately $27.12 per share — worth about $230.5 million. Despite that share sale, the stock continued to go higher as retail investors cheered the capital raise.
Persons: Adam Aron Organizations: AMC, SEC, AMC Entertainment, GameStop, S3 Partners, Connect, Riley Securities, Citigroup Global Markets, Mudrick Capital
AMC shares sank as much as 17% Thursday after the company said it plans to sell up to 11.6 million shares. AMC, which is at the center of a fierce rally driven by retail investors, said it didn't know how long the volatility would last. The movie-theater chain told investors they may lose the money they put into its Class A shares. AMC shares hit an intraday low of $51.71 before regaining some ground as the potential share sales risk reducing the value of already available stock by increasing supply. Last week, AMC shares soared by 116%.
Persons: Redditors Organizations: AMC, Twitter, Riley Securities, Citigroup Global Markets Inc, Securities, Exchange, Dalian Wanda Group, Mudrick, Bloomberg
There is low risk that COVID-19 can spread through shaking hands, medical experts say. But then at the dinner, people outstretched their hands, Sanwal said, and "like a sheep" he shook. The handshake is back in startup and venture capital circles after it took a hiatus during the pandemic as a safety precaution. He was hopeful that the pandemic might have killed off the handshake, but says he sees folks shaking hands again like it's 2019. "I see zero issues with people shaking hands," she said.
Persons: Anand Sanwal, Sanwal, I've, Andreessen Horowitz, Recode, Jenny Fielding, Fielding, Monica Gandhi, Gandhi, Lee Riley, Mark Goldberg, Goldberg, Jack Altman, he's, Altman, Melia Russell Organizations: COVID, Corona, Techstars, University of California, Infectious, Ventures, Twitter Locations: New York City, Silicon, Techstars New York, New York, San Francisco, Berkeley
Obviously, that's going to be a massive challenge, because we're going to green up all the buildings and green all the cars and trucks. And so that's going to be a major, major, major challenge. CNBC: Last week, Senate Republicans introduced a $928 billion counteroffer on infrastructure to President Biden's now $1.7 trillion plan. Meanwhile, it's clean energy, and some of this social service infrastructure funding that the Republicans want to pull out. I know a lot of times VCs think that's a negative signal, but fundamentally, as a former community organizer, I believe in having regular Americans participate in our company.
Persons: Donnel Baird, — it's, Baird, it's, we'll, Andrew Cuomo, It's, we've, we're, Permanente, Millennials, Biden's, there's, Harris, Biden, cybersecurity, you've, America —, George Floyd, Andreessen Horowitz, They're Organizations: BlocPower, CNBC, New, Brooklyn, Republicans, Biden, Republican, Kapor Locations: Teslas, New, New York City, Philadelphia, New York, New York State, Oakland , California, China, America, Silicon, Silicon Valley
But more of its competitors are also now talking about the threat posed by SentinelOne. In the past few months, CrowdStrike and Qualys for the first time called out SentinelOne as a competitor in their annual reports. AT&T, JetBlue and McKesson were among the SentinelOne customers protected in the SolarWinds hack. The prospectus says SentinelOne intends to list Class A common stock, though the number of shares and price range for the proposed offering have yet to be determined. It also identifies Morgan Stanley, Goldman Sachs, Bank of America Securities, Barclays and Wells Fargo Securities as the lead underwriters.
Persons: SentinelOne, Tomer Weingarten, Nikesh Arora, , Morgan Stanley, Goldman Sachs Organizations: Securities and Exchange Commission, New York Stock Exchange, Tiger Global, Palo Alto, Orion, T, JetBlue, Bank of America Securities, Barclays, Wells, Wells Fargo Securities, underwriters, CNBC Locations: Wells Fargo
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