Stock futures are flat as Wall Street awaits US midterm elections

Stock futures are flat as Wall Street awaits US midterm elections

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, November 7, 2022. Brendan Mcdermid | Reuters Stock futures were flat Monday evening following a winning day for markets as investors looked ahead to US midterm elections on Tuesday. Futures tied to the Dow Jones Industrial average rose … Read more

Jim Chanos arbitrage trade is a bet on AMC and APE shares converging

Jim Chanos arbitrage trade is a bet on AMC and APE shares converging

Hedge fund manager Jim Chanos has dipped his toe into the trading frenzy around AMC Entertainment with an old-fashioned arbitrage trade. Chanos said Tuesday on CNBC’s “Halftime Report” that he bought the new APE preferred shares and shorted the AMC common stock. “I think they should be the same price, or roughly the same price,” … Read more

AMC shares tank more than 30% as Regal Cinemas owner warns of potential bankruptcy

AMC shares tank more than 30% as Regal Cinemas owner warns of potential bankruptcy

The AMC 25 and Regal Cinemas on 42nd Street in Times Square in New York. Richard Levine | corby | Getty Images Shares of theater chain and meme trader favorite AMC fell sharply on Monday as the struggles of a rival company appeared to weigh on the stock. AMC was down more than 30% in … Read more

Expedia, Block, Lyft and more

Expedia, Block, Lyft and more

Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block … Read more

Bed Bath & Beyond (BBBY) Q4 2021 earnings

Bed Bath & Beyond (BBBY) Q4 2021 earnings

Bed Bath and Beyond on Wednesday reported a surprising holiday-quarter loss, as the company ran low on inventory and struggled to move merchandise out of congested ports and onto shelves. Shares of the company bounced around in premarket trading, as investors weighed the news. CEO Mark Tritton said out-of-stock merchandise caused the company to miss … Read more