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 to exit Russia after Ukraine invasion, joining BP

Shell pulls out of giant Sakhalin 2 LNG project Move to lead to impairments of $3 billion ‘We are shocked by the loss of life in Ukraine,’ CEO says LONDON, March 1 (Reuters) – Shell (SHEL.L) will exit all its Russian operations, including a major liquefied natural gas plant, it said on Monday, becoming the … Read more

Wall Street Week Ahead: Some investors wary of ‘buying the dip’ as Ukraine, Fed gyrate stocks

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, US, October 26, 2020. REUTERS/Mike Segar Register now for FREE unlimited access to Reuters.com Register NEW YORK, Feb 25 (Reuters) – US stocks are drawing buyers after a recent tumble, but some investors … Read more