American Airlines Group Inc. took advantage of the recent surge in its stock price, by setting a new plan for the sale of up to $1.1 billion worth of shares.
As parents searched for ways to keep kids happy and occupied during the COVID-19 pandemic, the toy category thrived, with sales rising 16% in 2020 to reach $25.1 billion, according to NPD Group.
Silver Lake clears a roughly $112 million profit by turning its debt holdings of AMC Entertainment into stock this week, just as a band of individual traders on Reddit and other online messaging boards drive up the struggling movie chain’s stock price.
Former longtime “Daily Show” host Jon Stewart just joined Twitter — screen name: @jon_actual; followers: 845,800 and counting, rapidly — and is already staking out controversial ground, setting low expectations and suggesting he’s embarked on a path to the presidency.
Dallas Fed President Rob Kaplan on Friday said he was more confident that the economy will see strong growth this year, but won’t talk about possible timing of an exit from the ultra-easy monetary policy stance.
‘Whenever I see a new place, I have to sign forms about COVID-19, such as if I have traveled anywhere, tested positive recently or know anyone who has.’
The commission-free online brokerage Robinhood faces several new class-action lawsuits brought by customers across the U.S. this week, alleging the company prevented them from buying shares of GameStop Inc. GME and other hot socks for nefarious reasons.
Stocks tumbled Friday, leaving the Dow and S&P 500 with worst monthly loss in 3 months, as volatile trade in a batch of small, heavily shorted companies raised broader bubble concerns in a market already worried about factors that could slow the economic recovery.