(Bloomberg) — AMC Entertainment Holdings Inc. executives and directors sold $8 million in shares of the theater chain Thursday, cashing in on the soaring price of the most-popular meme stock. Two board members and four executives sold at near record prices, following an eye-popping surge in the stock this week, regulatory filings on Friday showed. Among them were Gary Locke, a former Chinese ambassador who is up for re-election to the board at the company’s July 29 annual general meeting,… Source link

Alphabet Inc. was worth more than Amazon.com Inc. for the first time in 16 months Friday, as the online-advertising giant’s strong 2021 stock rally continues. Google parent company Alphabet GOOG, +1.96% GOOGL, +1.96% finished Friday’s session with a market value of $1.622 trillion, while Amazon AMZN, +0.60% closed out the day with a $1.616 trillion valuation, according to Dow Jones Market Data. Shares… Source link

Welcome to the MLB Yahoo Cup Hot Corner! This free-to-enter, single-entry contest consists of 27 rounds where the top 1,075 overall entries and the top 70 entries per round share $10,000, with $1,000 to first and $50 to first per round. Scoring will be cumulative across all rounds, with your seven lowest scores dropped at the end. You may join this multi-round MLB DFS contest at any point, but enter today to give yourself the best chance to take home the title. Click here to begin the… Source link

Former President Donald Trump implied he would be making another run for president as he prepares for his first major public event since leaving office. “Next time I’m in the White House there will be no more dinners, at his request, with Mark Zuckerberg and his wife. It will be all business!” Trump said in a statement Friday afternoon after Facebook announced that he would remain banned from the platform for at least two more years. Facebook founder and CEO Mark Zuckerberg. (George… Source link

I’ve witnessed LeBron James’ career in its entirety. I read about him in Slam Magazine. I watched his nationally televised high school games on ESPN. I’ve been there since his very first second on an NBA basketball court. At that time, ball was still life, all decisions revolved around when I could get a good run in. Most nights were spent hooping until our gym closed. The night Bron laced them up for the first time in the league, hooping took a back seat. And not just for me, the… Source link

Russian tennis player Yana Sizikova has been arrested on match-fixing charges at the French Open.  Paris prosecutors told the Associated Press that an international tennis player was arrested Thursday on charges of “sports bribery and organized fraud” for acts suspected to have occurred last September. Sizikova’s lawyer Frederic Belot confirmed to AP that she was the player arrested.  Sizikova denies the charges and intends to sue for defamation. She was “extremely shocked,” according to… Source link

After the price of bitcoin fell Friday following Elon Musk’s “breakup tweet,” Alex Machinsky, CEO of Celsius Network, discounted the Tesla (TSLA) CEO’s role in cryptocurrency at the Bitcoin Conference 2021 in Miami. “Elon [Musk] is a tourist in crypto,” Mashinsky told Yahoo Finance Live. “He’s here to collect followers. I don’t think he’s here to make the world a better place, and we can go to where we’re going with Elon or without Elon.” Bitcoin’s (BTC-USD) price fell nearly 7… Source link

Hat tip to you, Bank of America analyst Curtis Nagle for adhering to some very basic principles of investing, which still matter even though meme stock traders couldn’t care less about valuation methodologies, free cash flow outlooks or margin structures.  After seeing Bed Bath & Beyond (BBY) shares explode 62% on June 2, Nagle said in a research note on Friday that it’s time for him step back from the volatile stock.  “This [move in the stock] comes in the context of no significant updates… Source link

Associated Press Normandy commemorates D-Day with small crowds, but big heart COLLEVILLE-SUR-MER, France (AP) — When the sun rises over Omaha Beach, revealing vast stretches of wet sand extending toward distant cliffs, one starts to grasp the immensity of the task faced by Allied soldiers on June 6, 1944, landing on the Nazi-occupied Normandy shore. Several ceremonies are scheduled Sunday to commemorate the 77th anniversary of the decisive assault that led to the liberation of France and… Source link

President Biden has a real chance at reaching his ambitious goal of getting 70 percent of American adults partially vaccinated by July 4. States have begun to loosen restrictions as COVID-19 cases, hospitalizations and deaths have decreased across the nation. But President Biden’s chief medical adviser, Dr. Anthony Fauci, says not so fast. So is the U.S. really in the clear with COVID-19 yet? Yahoo News West Coast Correspondent Andrew Romano explains. Source link