Approval of the company’s revised stock-conversion plan marks a “significant milestone” for the company, AMC CEO Adam Aron said.
: Dan Loeb’s Third Point wagers on Nvidia, Amazon, Uber with new positions
Dan Loeb’s Third Point LLC built new positions in Uber Technologies Inc., Amazon.com Inc. and Nvidia Corp. during the latest quarter.
: Warren Buffett bet on home builders and retreated from videogames during the second quarter
Warren Buffett’s Berkshire Hathaway Inc. took new stakes in home builders and bulked up on Capital One Financial Corp. in the second quarter.
Market Extra: Long-term Treasury bond ETFs fall as Goldman Sachs forecasts rate cuts in 2024
Shares of exchange-traded funds that buy U.S. Treasury bonds with long-term maturities fell Monday, after three straight weeks of declines, as Goldman Sachs Group analysts forecast the Federal Reserve may cut interest rates next year.
: Tepper’s Appaloosa places big bets on Apple and AI chipmakers Nvidia and AMD, while dropping Tesla
Appaloosa revealed new positions in both AMD and Apple late Monday while dumping a position in Tesla it acquired a quarter ago.
Help My Career: ‘Lazy-girl jobs’ creator hits back at allegations of elitism — says these jobs are ‘not a privilege of the middle class.’ Others disagree.
Gabrielle Judge, a TikTok influencer, insisted that allegations of privilege about the term she coined are unfounded.
Market Extra: Country Garden’s property debt woes contribute to Chinese yuan’s drop to 9-month low
The Chinese yuan fell to its weakest level since November on Monday on mounting concerns about the country’s debt-laden property sector.
: How much would a strike cost the Big Three automakers? Wall Street thinks it has an answer.
Tense and increasingly fraught labor negotiations at Ford, GM, and Stellantis leads some on the Street to put a price tag on strike costs.
: UBS to pay $1.44 billion in Department of Justice settlement
UBs payment marks the 18th major bank settlement resulting from a task force set up to flag alleged fraud in the residential mortgage-backed securities market.
The Tell: ‘Big Short’ trader Michael Burry loaded up on bearish options in second quarter, filing shows
Michael Burry, who rose to fame for his winning bets during the subprime crisis, loaded up on put options on the S&P 500 in the second quarter, a filing showed.
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