Text size A cyclist rides past an AMC theater in San Francisco in the spring of 2020. Justin Sullivan/Getty Images Even stocks are back on the menu. Shares of AMC Entertainment Holdings , GameStop , and Bed Bath & Beyond leapt Monday in a resurgence of the frenzied buying that took them through the roof […]
Steel and mining giant Severstal PAO said Citigroup Inc. has frozen interest payments to investors in the company’s bonds, setting up what would likely be the first debt default by a major Russian issuer since Moscow invaded Ukraine. Severstal said Wednesday that payment was frozen because of “regulatory investigations” and that it was committed to […]
Russia’s invasion of Ukraine has shaken the global market for uranium, a critical fuel for nuclear-power plants, prompting some in the US to propose reviving domestic production. Russia enriches more uranium for use in nuclear plants than any other country in the world. Its increasing economic isolation following its attack on Ukraine—and talk of potential […]
The popular spring home-buying season is just ramping up. But one analyst is warning that it could be a bust. Ian Shepherdson, chief economist and founder of research consulting firm Pantheon Macroeconomics, is predicting a dramatic fall in the pace of home sales this year. In a research note, he projected that existing-home sales will […]
Canadian Pacific Railway ltd. PC 0.08% trains were halted Sunday morning, stalling global shipments of key manufactured goods and commodities like fertilizers, after an impasse in contract negotiations between the company and its conductors and engineers. The Teamsters Canada Rail Conference, which represents more than 3,000 conductors, engineers and yard workers at Canadian Pacific, issued […]
Text size 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. CMA (ticker: AMC) will invest $27.9 million in cash in Hycroft ( […]
Some of the world’s biggest banks worked over the weekend to resolve a crisis in the nickel market that leaves them on the hook for billions of dollars owed by a Chinese metals giant. JPMorgan Chase JPM -2.25% & Co., Standard Chartered STAN -0.41% PLC and BNP Paribas HER BNPQY -3.09% were among the banks […]
Russia’s invasion of Ukraine risks fueling inflation and sapping growth world-wide, but a handful of nations are in line for an export windfall thanks to soaring energy and commodity prices. Countries including Canada, Australia and energy-rich Gulf Arab states look set to benefit as the invasion sparks record rallies in commodities from oil and gas […]
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