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AMC's shares closed up 23 per cent on Tuesday after a New York-based hedge fund, Mudrick Capital Management, bought 8.5 million shares - and sold them immediately.
By Callum Keown iStockphoto Cryptocurrency, the market that never sleeps, is once again grabbing the attention of investors. Bitcoin (BTCUSD) tumbled on Sunday, hitting a 24-hour low of $31,227 — more than 50% below its mid-April peak of $64,829. It comes amid environmental concerns over the mining of bitcoin, raised by Tesla (TSLA) Chief Executive Elon Musk, and a crackdown by China on the sector. The world’s No.1 crypto stabilized on Monday, trading above $36,000. Our call of the day comes from Michael O’Rourke, chief market strategist at JonesTrading, who says gold’s “speculativ...
Coinbase IPO Turns Out to Have Been Bad Day to Splurge on Crypto Bloomberg 7 hrs ago Claire Ballentine and Vildana Hajric (Bloomberg) -- Like many things in markets, crypto managed to maximize the pain. The rise of a slew of coins went on just long enough to pull in a bunch of otherwise sensible money. And then they made them pay. The siren song reached a peak with Coinbase Global Inc.’s market debut on April 14. The direct listing of the largest U.S. crypto exchange supercharged theories that crypto had made it to the investing mainstream, that Wall Street’s embrace len...
The craze for cryptocurrencies lasted just long enough to pull in a bunch of otherwise sensible money, and then it made them pay.
Expand "Don't Expect Anything From The Fed": This Will Be The Last "Uneventful" Meeting Before The Taper Discussion by Tyler Durden Wednesday, Apr 28, 2021 - 12:50 PM Last night we quoted Std Chartered's Steven Englander who explained why unlike the Fed's upcoming June meeting (when there is a high chance Powell will bring up tapering), markets should not expect much if anything from today's FOMC meeting. Others, such as Jones Trading chief market strategist Michael O'Rourke, agree: "I don't expect anything from the Fed," he said in an an interview with S&P Global Market Intel. This week's F...