GameStop and AMC Extend Slump as Meme-Fueled Rally Unravels
GameStop Corp. and AMC Entertainment Holdings Inc. are slumping for a second day, as the meme-stock frenzy that gripped markets earlier this week fades.
GameStop Corp. and AMC Entertainment Holdings Inc. are slumping for a second day, as the meme-stock frenzy that gripped markets earlier this week fades.
Blackstone Inc. has agreed to buy a majority stake in Israeli enterprise software company Priority Software at an $800 million valuation, marking the largest deal for the alternative asset manager in the country since it opened its offices in Tel Aviv three years ago.
Stocks took a breather after rallying to all-time highs, with investors turning to Federal Reserve speakers and jobless claims data for new clues on the path of interest rates.
Increases in euro-area salaries are moderating but the European Central Bank can’t commit to a path for interest-rate cuts due to elevated uncertainty, Vice President Luis de Guindos said.
The Philippine central bank may lower its key interest rate by a total of 50 basis points this year as price risks moderate, Governor Eli Remolona said Thursday, after keeping it at a 17-year high for a fifth meeting.
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