Thursday, June 3, 2021

Reuters Global Investor: With popcorn and tweets, AMC's Aron rides retail investor wave

With popcorn and tweets, AMC's Aron rides retail investor wave

Free popcorn for shareholders. Following more than 500 die-hard fans of his company's stock on Twitter. Retweeting a video of what appears to be an airplane flying a banner with the meme-stock rallying cry "AMC to the Moon" around Manhattan.

Engine No. 1 extends gains with a third seat on Exxon board

Exxon Mobil Corp (XOM.N) shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company's board, the company said on Wednesday, extending the firm's upset victory at one of America's top energy corporations.

Exxon director calls activist campaign, ESG pressures a 'tidal wave' -speech

Exxon Mobil Corp (XOM.N) Director Ursula Burns called environmental pressures and the successful activist campaign to gain board seats at the biggest U.S. oil producer a "tidal wave" in a speech on Wednesday.

JPMorgan's asset, wealth management division exploring acquisitions -executive

JPMorgan Chase & Co (JPM.N) head of asset and wealth management Mary Callahan Erdoes said on Wednesday her division of the bank is looking into possible opportunities for add-on acquisitions.

Hedge fund Elliott Management owns big Dropbox stake, holds discussions

Activist investor Elliott Management owns a large stake in Dropbox (DBX.O) and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday.

Investment firm Engine No. 1 prepares to launch Transform 500 ETF after Exxon win

Investment firm Engine No. 1, which last week won at least two seats on Exxon Mobil Corp's (XOM.N) board, is planning to launch an exchange-traded fund that will focus on socially conscious investing, according to a regulatory filing.

Take Five: Policymakers under pressure

1/TANTRUMS WITHOUT TAPER

Canada's National Bank beats profit forecasts with lower provisions, lending growth

National Bank of Canada (NA.TO) beat analysts' second-quarter profit estimates on Friday, driven by higher earnings in its personal and commercial business and a large drop in funds set aside to cover potential loan losses.

Morgan Stanley nears full ownership of China ventures with stake buys

Morgan Stanley (MS.N) is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about $150 million, according to a statement by the partner, moving towards full ownership of the businesses.

Investors flock to safety on concerns over peaky markets - BofA

Safe-haven assets such as cash and gold funds drew investors during the week to Wednesday, BofA's fund flow statistics showed on Friday, a sign of growing concern over inflation and the potential roll back of central bank stimulus.

Related Videos

Wall Street inches higher; meme stocks soar

Dogecoin price jumps on news of Coinbase entry

Not time to sell stocks yet -Ball

No comments:

Page List

Blog Archive

Search This Blog

Stunning Trump Manhattan Project Now Underway

It has nothing to do with bitcoin, immigration, taxes, inflation or tariffs... ...