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

Powell expects a quarter-point Fed rate hike this month

WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark short-term interest rate when the Fed meets later this month, rather than a larger increase that some of its policymakers have proposed. But Powell did open the door to a bigger hike in the event … Read more