Bloomberg
FirstRand Sees Earnings Jump on South Africa Economic Rebound
(Bloomberg) — FirstRand Ltd. sees profit rising more than expected after the South African economy rebounded strongly from the early stages of the coronavirus pandemic. Africa’s biggest bank by market value sees earnings per share rising by at least 35% in the year through June, according to a statement on Monday. Impairments are significantly lower …
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AMC Is the New King of Meme Stocks, With a 3,000% Gain This Year
Add Your Heading Text Here (Bloomberg) — AMC Entertainment Holdings Inc.’s Reddit-fueled rally has reached about 3,000% so far this year as retail traders ignore the company’s financial troubles and continue to buy heavily shorted stocks. Shares of the movie-theater chain more than doubled on Wednesday — adding to Tuesday’s 23% gain — after it …
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