On July 24, 2023, AMC Entertainment Holdings Inc. experienced a significant surge of 38% in its stock following a court’s rejection of a controversial stock conversion plan proposed by institutional investors. This decision reinforced shareholder rights, buoyed retail investor confidence, and underscored AMC’s resilience amidst industry challenges, highlighting its potential for future success.
The Securities and Exchange Commission (SEC) has charged Charlie Javice, the founder of Frank, with misleading investors during her tenure at JPMorgan. The charges relate to the sale of structured notes to customers without disclosing that JPMorgan was earning significant profits from the notes.Structured notes are a complex financial product that combines a debt security … Read more
The stock market, particularly the Nasdaq, saw gains as Treasury yields fell. The Nasdaq was up over 1% while the S&P 500 and the Dow Jones Industrial Average were up around 0.8% and 0.7%, respectively. Treasury yields collapse The collapse of Treasury yields was a result of investors’ concerns about the ongoing COVID-19 pandemic and … Read more