AMC Announces Special Dividend In The Form Of “Ape” Preferred Stock; stocks fall

Shares of AMC Entertainment Holdings Inc. fell more than 10% in extended trading on Thursday after the company announced a special dividend in the form of “Ape” preferred stock. The dividend marks the latest move in a battle over stock issues. AMC Entertainment Holdings Inc. AMC, +2.47% has turned to the special dividend after being … Read more

The S&P 500 is poised to surpass that crucial level and challenge the bear market trendline

S&P 500 Index May Be Close To Earning Two Big Bullish SPX, -0.00% milestones. First, the S&P has rallied from that mid-June low to the major resistance at 4170. A two-day close above this level would be quite bullish and would set the stage for a challenge to the downtrend line that defines this bear … Read more

Pinterest stock jumps more than 20% despite missed earnings as Elliott confirms share and users stay put

Pinterest Inc. missed earnings expectations and projected lower sales than analysts had expected for the current quarter, but shares still rallied in after-hours trading as users grappled with a quarter that brought about sudden changes and an activist investor attracted. Pinterest PINS, +2.62% on Monday reported a loss of $43.1 million, or 7 cents a … Read more

‘Industry’ has a message for Wall Street bosses: watch out for the junior bankers

Many terrifying forces come together in the financial drama “Industry”: the screaming bosses, the bad market betting and the relentless pressure. But perhaps the scariest of all, at least for their superiors, are the twenty-somethings who are ready to stun their elders. Generational tensions are running high between the old guard and the hungry young … Read more

‘Industry’ has a message for Wall Street bosses: watch out for the junior bankers

Many terrifying forces come together in the financial drama “Industry”: the screaming bosses, the bad market betting and the relentless pressure. But perhaps the scariest of all, at least for their superiors, are the twenty-somethings who are ready to stun their elders. Generational tensions are running high between the old guard and the hungry young … Read more

Roku stock plummets toward its worst-ever drop after “frankly awful” gains

Roku Inc. shares tumbled Friday toward their worst drop on record after the streaming company acknowledged a “significant slowdown” in ad spending, which helped it produce weaker-than-expected results and over the last quarter. “Consumers began to moderate their discretionary spending, and advertisers significantly reduced spending in the diversified advertising (TV ads purchased during the quarter) … Read more

Roku stock plummets toward its worst-ever drop after “frankly awful” gains

Roku Inc. shares tumbled Friday toward their worst drop on record after the streaming company acknowledged a “significant slowdown” in ad spending, which helped it produce weaker-than-expected results and over the last quarter. “Consumers began to moderate their discretionary spending, and advertisers significantly reduced spending in the diversified advertising (TV ads purchased during the quarter) … Read more

Apple was concerned about iPhone supply, but that could raise demand concerns

During the pandemic, Apple Inc.’s biggest challenge has been maintaining an adequate supply of its devices, but could the equation change as the company heads towards the launch of a new iPhone? Apple AAPL, -0.88% benefited from robust demand in the early years of the COVID-19 crisis, as governments poured out stimulus funds and consumers … Read more

Apple was concerned about iPhone supply, but that could raise demand concerns

During the pandemic, Apple Inc.’s biggest challenge has been maintaining an adequate supply of its devices, but could the equation change as the company heads towards the launch of a new iPhone? Apple AAPL, -0.88% benefited from robust demand in the early years of the COVID-19 crisis, as governments poured out stimulus funds and consumers … Read more

A 3-day tech earnings flood begins. Here are the main issues.

Microsoft and a host of other tech giants are set to announce earnings this week. Jeenah Moon/Getty Images text size Over the next three days, investors will be bombarded with June quarterly reports from the sector’s biggest and most important players. On Tuesday, Microsoft (Ticker: MSFT) and alphabet (GOOGL) will report the results. On Wednesday, … Read more