AMC Uses Its Meme Stock Money to Buy a Gold Mine. It’s ‘Bizarre.’

Textsize AMC Empire 25 Theater in Times Square, New York dreamstime AMC-Entertainment just struck gold. Literally. The movie theater company announced it has bought a 22% stake in Hycroft Mining Holding and its 71,000-acre gold and silver mine in northern Nevada. AMC (ticker: AMC) will invest $27.9 million in cash in Hycroft ( HYMC ) … Read more

Shell, BP to Withdraw From Russian Oil, Gas

European oil giants Shell SHEL 3.05% PLC and BP BP 5.68% PLC said they were stepping back further from doing business with Russia, with Shell saying it will immediately halt all spot purchase of crude from the country and will phase out its other trading and business dealings. A spokesman for BP said it won’t … Read more