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Shares of AMC Preferred Equity Units APE, +10.75%, known as “APEs,” dropped 7.8% toward a new low in morning trading Monday, after AMC Entertainment Holdings Inc. AMC, -3.11% disclosed a distribution agreement to sell up to 425.0 million APEs. At current prices, the movie theater chain could raise up to about $1.4 billion from the […]

U.S. stocks opened lower on Monday as the S&P 500 and Dow Jones Industrial Average headed for their fifth day of losses as rising Treasury yields and rampant dollar strength continued to weigh on the market. The S&P 500 [s:spx] was off 8 points, or 0.2%, at 3,685. The Nasdaq Composite COMP, +0.91% was flat […]

Dick’s Sporting Goods Inc. DKS, -0.77% said Monday it plans to hire up to 9,000 seasonal associates for the 2022 holiday season. In 2021, the company said it would hire up to 10,000 people for the holidays, up 1,000 from 2020. Shares of Dick’s Sporting Goods are down 0.4% in premarket trades.

Shares of Micron Technology Inc. MU, -0.80% edged up 0.1% in premarket trading, after Wedbush analyst Matt Bryson cut his price target by 24%, but remained bullish, saying the semiconductor company appears to be “better positioned” even as adversity grows. Bryson said chip-market conditions have worsened since Micron warned in early August of a revenue […]

Marsh & McLennan Cos. MMC, +0.07% on Monday said John Q. Doyle, 58, will become chief executive officer of the risk advisory and insurance giant on Jan. 1. Doyle has been group president and chief operating officer of Marsh & McLennan since January. From 2017 to 2021, he worked as president and CEO of the […]

Bitcoin (BTC) starts a new week staring down a wild macro environment after sealing its lowest weekly close in nearly two years. As risk assets across the global economy take a hammering and the United States dollar surges, the largest cryptocurrency is on a limp footing. September, having started out on the bulls’ side, is […]