Here are the stocks that defined the week
, as traders worry that travel restrictions and delayed office reopenings would limit fuel consumption. Governments and businesses have been imposing new restrictions in an attempt to slow the spread of the highly transmissible coronavirus variant. ConocoPhillips shares lost 1.9% Monday, while Valero Energy Corp. fell 0.8%.Soon you’ll be able to pay for your AMC movie ticket with bitcoin.
The theater chain and popular meme stock said Monday that its U.S. locationsby the end of the year. It’s a move aimed at appealing to the company’s army of Reddit investors who rescued it from the brink of bankruptcy and boosted AMC shares to record levels. During AMC’s earnings call, Chief Executive Adam Aron also said revenue tripled in the second quarter, and the company was opening new locations thanks to the support of his new shareholder base. AMC shares fell 6.1% Tuesday.
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CDC advisers vote to endorse third vaccine dose for immunocompromised peopleThe CDC's vaccine advisory committee voted unanimously Friday to recommend a third dose of the Pfizer and Moderna Covid-19 vaccines for some people with weakened immune systems
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Cineworld eyes U.S. meme-stock blockbusterCineworld (CINE.L) Chief Executive Mooky Greidinger is eyeing the meme-stock bandwagon. The world’s second-largest purveyor of popcorn said on Thursday it’s considering listing in the United States, or floating its Regal arm there . Cineworld made over 70% of its revenue stateside in the six months to June, and American stocks are more widely traded. Then there’s rival AMC Entertainment (AMC.N), whose shares have risen 15-fold this year as retail punters piled in.
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Cineworld eyes listing after rival AMC becomes meme stockCineworld is considering a Wall Street listing for all or part of its business in an effort to bolster its finances. Its rival U.S. cinema group AMC became one of this year's so-called ‘meme stocks,’ sending its shares skyrocketing
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Rand Paul Belatedly Discloses Wife’s Purchase of Covid-19 Drugmaker’s StockSen. Rand Paul disclosed on Wednesday that his wife purchased stock in Gilead Sciences in February 2020, the same day the company formally announced that it would start late-stage studies of its experimental treatment for Covid-19
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Investors storm into 'value trades' as broader equity exuberance fadesInvestors have made a beeline into so-called 'value trades', adding cash into European stocks and financial and material shares during the past week, BofA's weekly statistics showed on Friday.
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Verizon Adds Free AMC+ to Customers With Some Unlimited PlansAMC+ joins Disney+, Discovery+ and Apple Music as one of the streaming services being offered for free to some subscribers.
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