AMC Entertainment Announces Debt-for-Equity Swap AMC entered exchange agreements on May 14 to issue more than 23 million shares of its Class A common stock […]
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NYCB Stock Rises 5.91% After Announcing $5 Billion Loan Sale to JPMorgan Chase
New York Community Bancorp (NYCB) shares rose nearly 5.91% in premarket trading on Wednesday following the announcement of an agreement to sell a $5 billion […]
Gamestop $GME Rockets with Double Halts and $9 Billion Market Cap Surge, AMC Entertainment Follows with 25% Opening Boost
Gamestop stock, $GME, experienced two halts within a span of just 10 minutes after the market opened, followed by a surge of 70%. The market […]
Federal Reserve Chair Jerome Powell’s Outlook on U.S. Inflation and Monetary Policy: Insights and Caution
Federal Reserve Chair Jerome Powell anticipates a continued decline in U.S. inflation through 2024, resembling the trend observed last year. However, he acknowledges a decrease […]
US Producer Price Index (PPI) Report: Core PPI Exceeds Expectations with 0.5% MoM Increase, Year-on-Year Figures Steady
In April, US PPI increased by 0.5% compared to the previous month, surpassing the expected 0.3%. Year-on-year, it reached 2.2%, slightly higher than the previous […]
Georgia passes a contentious law on ‘foreign influence’: TV
The controversial “Foreign Agents” Bill was approved by the Georgian Parliament today, with a vote of 84-30, sparking mass protests in Tbilisi. Many Western officials […]
U.S. Increases Tariffs on Chinese Imports, Targeting Key Sectors in Trade Policy Shift
The United States is increasing tariffs on imports from China worth $18 billion, focusing on key sectors like electric vehicles (EVs), batteries, steel, and critical […]
Alibaba’s Q1 2024 Revenue Surges 7% YoY to RMB221.87 Billion, Approves $4.0 Billion Dividend for FY24
Alibaba’s 4Q revenue reached 221.87 billion yuan, surpassing estimates of 219.79 billion yuan. The adjusted EBITDA for the same period was 30.81 billion yuan, exceeding […]
Ant Group’s Profit Slides Amid Regulatory Challenges and Alibaba Connections
Ant Group, a leading financial technology company based in China, recorded a 19% decline in net profit, totaling 7.87 billion yuan ($1.09 billion) for the […]
India’s April WPI Report: Fuel Prices Up by 1.38%, Overall Inflation Surges to 1.26%, Manufacturing Records -0.42%
On Tuesday, May 14, the Indian government unveiled the wholesale price index (WPI) data for April. April’s WPI hit a 13-month peak at 1.26%, surpassing […]
India’s April Retail Inflation: 4.83% Matches Expectations
In April, India’s retail inflation was 4.83%, slightly down from March’s 4.85%, aligning with the expected 4.80%. According to government data released on Monday, India’s […]
India’s Strategic Leap: Overseeing Chabahar Port Operations for a Decade
India has struck a decade-long deal to oversee Chabahar Port operations, key for connecting with Afghanistan and Eurasia. It bypasses Pakistan, integrates with the INSTC, […]