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Dalian Wanda, which acquired AMC Entertainment in 2012, surrendered control of the struggling exhibitor as it issued and sold tranches of new stock to raise cash — diluting the stake of the Chinese conglomerate. CEO Adam Aron confirmed the Wanda era was over although the company continues to be AMC largest single largest shareholder. Wanda holds less than 10% of the world’s biggest cinema chain. “They have been absolutely delightful,” he said on a post-earnings conference call… Source link

LaMarcus Aldridge has played his last game as a member of the San Antonio Spurs. Spurs head coach and president Gregg Popovich revealed Wednesday that Aldridge and the team have mutually agreed to part ways, per ESPN’s Tim McMahon: Pop on LaMarcus Aldridge: “We’ve mutually agreed for him to work on some opportunities elsewhere.” Aldridge will not be back with the Spurs. — Tim MacMahon (@espn_macmahon) March 11, 2021 According to ESPN’s Adrian Wojnarowski, San Antonio is working on… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by at Least 50% In a recent note on the state of the stock markets, Raymond James equity strategist Tavis McCourt points out a series of policy factors that are playing a role in the current market volatility; the situation is more complex, perhaps, than most of us have been willing to admit. McCourt notes permutations of the SLR rule, political dynamics on the Senate Banking Committee, and the regulatory atmosphere towards potential… Source link

(Bloomberg) — Digital games company Roblox Corp., transformed into a cultural icon during the coronavirus pandemic, made its public debut Wednesday with its shares rising 7.8% from its opening price. Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock. The company’s shares, which opened trading at $64.50 apiece, closed at $69.50 in New York,… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by at Least 50% In a recent note on the state of the stock markets, Raymond James equity strategist Tavis McCourt points out a series of policy factors that are playing a role in the current market volatility; the situation is more complex, perhaps, than most of us have been willing to admit. McCourt notes permutations of the SLR rule, political dynamics on the Senate Banking Committee, and the regulatory atmosphere towards potential… Source link

It has been a good week for Dak Prescott. On Monday, the Dallas Cowboys quarterback secured a new $160 million contract that includes $126 million in guaranteed money, $66 million due the moment he signed. On Wednesday, he took a victory lap alongside the man who signs those checks — Cowboys owner Jerry Jones. Prescott and Jones met with media to discuss the new deal that keeps Prescott in Dallas for the next four years, a contract Jones is counting on to reap dividends in the win… Source link

AMC Entertainment revenue plunged last quarter to $162 million from close to $1.5 billion the year before as the global pandemic squeezed exhibition. That beat expectations, coming about $20 million above Wall Street’s consensus estimates. The stock is up 3% in late trading. Net losses widened to $946 million, including a hefty one-time impairment charge, from $13.5 million the year before. For full-year 2020, AMC said it lost $4.58 billion vs. $149M loss in all of 2019. More from Deadline As… Source link

TipRanks Raymond James: These 3 Stocks Are Poised to Surge by at Least 50% In a recent note on the state of the stock markets, Raymond James equity strategist Tavis McCourt points out a series of policy factors that are playing a role in the current market volatility; the situation is more complex, perhaps, than most of us have been willing to admit. McCourt notes permutations of the SLR rule, political dynamics on the Senate Banking Committee, and the regulatory atmosphere towards potential… Source link

Wednesday, March 10, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Roblox is creating a gaming empire, but needs to keep fickle gamers hooked Roblox (RBLX), one of the most anticipated IPOs of 2021, hit the public market on Wednesday via direct listing. Landing amid a pandemic-driven explosion of growth in the $180 billion video game… Source link

The House of Representatives passed President Biden’s $1.9 trillion stimulus plan on March 10. The legislation, called the American Rescue Plan, will head to the president’s desk for his signature on Friday in a final step before becoming law. While most Americans are focused on getting their $1,400 stimulus checks, it’s the extension of the child tax credit in the relief legislation that really stands out as revolutionary policy, according to Pamela Stone, professor of sociology at… Source link