AMC aims for huge debt burden with special dividend ‘APE’

AMC Entertainment Holdings Inc. surprised Wall Street with the announcement of the special “APE” dividend after the market closed on Thursday. This is, of course, a company that is no stranger to bold moves, as evidenced by the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, -5.37% earlier … Read more

Mortgage rates fall to 5.30% on recession fears

Mortgage rates saw their biggest drop since 2008 as investors raised their bets that the economy was headed for a downturn. The average interest rate on a 30-year mortgage fell to 5.30%, mortgage financing giant Freddie Mac said Thursday. That’s down from 5.70% last week. Mortgage rates have not seen such a major weekly decline … Read more

Share Freeport-McMoRan Inc. drops Wednesday, underperforms market

Shares of Freeport-McMoRan Inc. FCX, -7.96% slipped 7.96% to $31.32 on Wednesday in what turned out to be an all-encompassing grim trading session for the stock market, with the S&P 500 Index SPX, -0.13% down 0.13% to 3,759.89 and Dow Jones Industrial Average DJIA, -0.15% declining by 0.15% to 30,483.13. Freeport McMoRan Inc. closed $20.67 … Read more

Toronto stocks plunge as inflation fears rumbling markets

By Will Feuer Shares in Toronto were sharply lower on Monday as investors around the world generally sold stocks on fear that global inflation might not have peaked yet. Nearly every sector traded lower, with shares of cryptocurrency-linked companies like Hut 8 Mining Corp. and other tech companies that dragged the market down. Base metals … Read more

Toronto Stocks Drop With Global Markets; Filo Mining jumps on new copper-gold crossroads in Argentina

By Adriano Marchese Shares in Toronto fell sharply midway through trading Friday, in line with global markets. Across the board, US inflation for the month of May reached 8.6% according to the latest CPI data, marking a new high in four decades that rocked markets. During the session, all Canadian sectors declined, led by technical … Read more

Prepare: ‘The US housing market is about to embark on its biggest contraction in activity since 2006’

†“I don’t think home sales will come to a complete standstill. They will just slow down. People will still be able to sell houses, but it may take you a little longer than before.’† — Len Keifer, Deputy Chief Economist at Freddie Mac According to an economist, the US housing sector is experiencing its worst … Read more

Glencore Settles Corruption and Bribery Charges in US, UK and Brazil

Glencore GLNCY 2.32% PLC said Tuesday it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and conspiracy to violate US anti-corruption laws, and to resolve criminal investigations that have been linked to the global mining industry for years. and trading activities. The long-awaited IOUs … Read more

Glencore settles corruption and bribery charges in US, UK and Brazil

Glencore GLNCY 2.32% PLC said Tuesday it would pay at least $1.2 billion and that two business units would plead guilty to bribery in the UK and conspiracy to violate US anti-corruption laws, and to resolve criminal investigations that have been linked to the global mining industry for years. and trading activities. The long-awaited IOUs … Read more