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Say what you will about him, Logan Paul is not a stupid young man. He’s already a multi-millionaire because of his social media savvy, and on Sunday, he’s going to add millions more to his bank account by doing something he’s not very good at. You have to be brilliant to pull that off, and Paul has done it. He’s going to receive a paycheck larger than many boxing legends ever received when he fights Floyd Mayweather in an exhibition on Sunday at Hard Rock Stadium in Miami in the main… Source link

The Meme Market is back with a vengeance.  And AMC (AMC) is playing a different game the second time around.  On Thursday morning, the company filed to sell up to an additional 11.5 million shares as its stock price continues a monster run higher.  On Wednesday alone AMC shares rose 95% and in pre-market trading on Thursday the stock was at one point up another 20%.  But this does not mark the company’s first effort to capitalize on recent volatility.  Earlier this week AMC raised $230… Source link

Reuters Nippon Steel may beat profit forecast on strong overseas demand – executive Nippon Steel, the world’s No.3 steelmaker, may beat its own profit forecast for the year to March 31, 2022, as its exports and overseas businesses benefit from robust demand and strong steel prices, a senior company executive told Reuters. “Overseas steel demand is fairly strong,” Executive Vice President Takahiro Mori said in an interview. “As China, which produces nearly 60% of global steel, intends to cut… Source link

(Bloomberg) — Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. The continued advance risks accelerating broader inflation, complicating central banks efforts to provide more stimulus. Drought in key Brazilian growing regions is crippling crops from corn… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, June 3, 2021 AMC shares double on Wednesday When the market moves at the speed of AMC (AMC) it can be hard to keep up.  But all we can tell readers for sure is that the Meme Market is back.  On Wednesday alone, AMC shares nearly doubled, rising 95% to close at a record $62.55. AMC’s market cap is now just north of $28 billion. Since the… Source link

A meditation app is making the most of the the Naomi Osaka/French Open controversy.  Calm vowed on Wednesday to make a $15,000 donation to youth sports charity Laureus Sport for Good in Osaka’s name, citing her “decision to prioritize her mental health.” The app also pledged to pay the fines of any player citing mental health issues who skips a news conference during the 2021 Grand Slam season. For each fine that it pays, it pledged an additional $15,000 to Laureus.  Osaka’s French Open… Source link

SALT LAKE CITY — Ja Morant’s dad, Tee, entered Vivint Arena at 6:15 p.m. and took his courtside seat to watch his son warm up in the pregame shootaround.  Morant, who averaged 30 points per game in the first round of the Western Conference playoffs, strolled over to greet his dad and five close friends following his pregame warm-up. Fans had yet to enter the arena, but every Utah Jazz fan seated near the Morant family was vetted by the Jazz staff to avoid any conflict. Both Ja and Tee… Source link

A 35-man fishing crew in Yemen netted themselves a hunk of whale vomit worth $1.5 million. Ambergris, known as “floating gold,” is a rare substance found only in the bellies of sperm whales. The fishermen sold off the 280-pound hunk of ambergris and bought new houses, cars, and boats. Visit Insider’s homepage for more stories. A 35-man fishing crew working off Yemen netted the find of a lifetime when they hauled in about $1.5 million worth of whale vomit. Whale vomit is also known as ambergris… Source link

WASHINGTON (AP) — Donald Trump was calling into yet another friendly radio show when he was asked, as he often is, whether he’s planning a comeback bid for the White House. “We need you,” conservative commentator Dan Bongino told the former president. “Well, I’ll tell you what,” Trump responded. “We are going to make you very happy, and we’re going to do what’s right.” It was a noncommittal answer typical of a former president who spent decades toying with presidential runs…. Source link

A 35-man fishing crew in Yemen netted themselves a hunk of whale vomit worth $1.5 million. Ambergris, known as “floating gold,” is a rare substance found only in the bellies of sperm whales. The fishermen sold off the 280-pound hunk of ambergris and bought new houses, cars, and boats. Visit Insider’s homepage for more stories. A 35-man fishing crew working off Yemen netted the find of a lifetime when they hauled in about $1.5 million worth of whale vomit. Whale vomit is also known as ambergris… Source link