Unloved biotech stocks posted the best week since November, fueled by a controversial regulatory decision and a legion of Reddit fans, burning a bunch of short sellers along the way. Now investors are taking a second look at the sector.
U.S. stocks rise to record with focus turning to Fed
U.S. equities eked out a gain in choppy trading as investors continued to assess the outlook for inflation and the path of Federal Reserve monetary policy. Ten-year Treasury yields held at around the lowest since March.
Credit Suisse's 30-year-old trading prodigy goes it alone
In the midst of his dizzying rise, Hamza Lemssouguer was a prize worth vying for at Credit Suisse Group AG.
AMC rides meme-stock wave to S&P optimism over capital structure
AMC Entertainment Holdings Inc. gifted retail shareholders free popcorn. Meanwhile, Reddit day traders gave AMC a path to stability.
S&P 500 rises to record, treasuries gain after CPI
U.S. equities climbed to a record and benchmark Treasury yields extended declines to the lowest since March as investors bet that the Federal Reserve will maintain its ultra-accomodative policies even after data showed consumer prices rose more than forecast last month.
AMC insiders sell another US$4M in shares amid Reddit rally
More board members at AMC Entertainment Holdings Inc. are rushing to lock in gains from the movie-theater giant’s Reddit-fueled stock surge, making another wave of sales this week.
Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth
Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million.