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  • Business
    Reuters

    Analysis-AMC sets unusual shareholder vote for meme stock sale approval

    AMC Entertainment Holdings Inc, the movie theater operator that became a "meme stock" during the COVID-19 pandemic, has come up with an unusual way to win shareholder approval for stock sales that would raise cash, according to a regulatory filing and six corporate finance experts who reviewed it. AMC raised more than $2 billion through stock sales in 2021, largely on the back of retail investors who sent its shares on a wild rally, along with other meme stocks such as GameStop Corp. This helped it avoid the fate of bankrupt peer Cineworld Group LLC but also diluted its shareholders ninefold.

  • Business
    Reuters

    Fed expected to deliver small rate hike but keep anti-inflation tilt

    The Federal Reserve is expected to raise its target interest rate by a quarter of a percentage point on Wednesday, setting aside the rapid hikes used last year to curb a surge in inflation in favor of a more stepwise hunt for a stopping point. The expected increase would set the U.S. central bank's benchmark overnight interest rate in the 4.50%-4.75% range, the highest since November 2007, when the economy was on the eve of what would prove to be a long and deep recession. Policymakers hope to avoid that sort of outcome this time, and economic data since their last policy meeting in December generally has moved in the right direction: Inflation is slowing under the impact of higher interest rates and tighter financial conditions, while the economy continues to grow and create jobs.

  • Business
    Reuters

    Marketmind: A quart and two halves

    Global stock markets put in their best January in four years, with Wall St's tech-heavy Nasdaq clocking its biggest January gains since 2001, but now face three tense days to assess how durable that is. Asia and European bourses pushed higher despite a mixed bag of economic news, but S&P500 futures did slip into the red ahead of Wall St's open. An expected quarter-point interest rate rise from the U.S. Federal Reserve later on Wednesday would ruffle few feathers as long as the central bank doesn't feel the need to accompany its slowing of the rate hikes with a harsh steer against market pricing for rate cuts later in the year.

  • Business
    Yahoo Finance Video

    AMD beats earnings expectations despite slowing PC sales

    We break down the latest earnings release from chip maker AMD.