Saved by day traders

Day trader favorite AMC Entertainment may be on a path to stability, and it has the Reddit crowd to thank for it. The movie theater operator has cashed in on its meme-stock status to raise some $1.25 billion through equity offerings in recent months. That, combined with an improving outlook for the movie industry, warranted a credit upgrade from S&P Global Ratings. Here’s your markets wrapDavid E. Rovella

Bloomberg is tracking the progress of coronavirus vaccines while mapping the pandemic worldwide

Here are today’s top stories  

Prices paid by U.S. consumers rose in May by more than forecast, extending a months-long buildup in inflation that risks becoming more established as the economy strengthens. The consumer price index had its second-largest advance in more than a decade

International banking regulators’ decision to classify Bitcoin as the riskiest of assets may bring crypto closer to the mainstream, but the ruling also makes it extremely costly for banks to hold digital tokens on their balance sheets. And despite a Bitcoin bounce over the past few days, JPMorgan warned that there remains reason for caution.

Semiconductor designer SiFive has found itself the subject of takeover interest from Intel, which offered to acquire the startup for more than $2 billion.

Prime Minister Boris Johnson is poised to delay the final stage of pandemic lockdown easing in England. Chile announced a full lockdown in Santiago as the number of available hospital beds sank dangerously low. In India, where the coronavirus is spreading unchecked, victims and their families now face bankruptcy courtesy of crushing medical debt. In Africa, nations there are heading into a third wave of infections as the least-inoculated continent faces a shortage of vaccines. On Wednesday, at least 10,400 people died from Covid-19. Here’s the latest on the pandemic.

U.S. President Joe Biden, right, and British Prime Minister Boris Johnson met at Carbis Bay, U.K., on Thursday. Their bilateral talks come as Johnson moves to delay the easing of England’s pandemic lockdown. Photographer: Hollie Adams/Bloomberg

Vertex Pharmaceuticals ended a closely watched effort to develop a therapy for liver disease, a setback in the biotech firm’s quest to broaden its offerings beyond cystic fibrosis drugs. Its shares plunged.

Vivendi shareholder Artisan Partners opposes the company’s plan to sell chunks of its prized asset, Universal Music Group, including a proposed deal with a blank-check firm backed by billionaire Bill Ackman. The move comes two weeks before shareholders vote on a plan to spin off 60% of the world’s biggest music company.

For many Americans, criminal records stand as stubborn barriers to employment and housing. Now several states, including New York, are advancing efforts to automatically seal and expunge those records, Bloomberg CityLab reports. 

What you’ll need to know tomorrow 

What It’s Like to Visit Paris Right Now

When Parisians woke up May 19, they found a city reborn. The curfew had been pushed back to 9 p.m. The streets surrounding Opera Garnier were bustling, and in the Pigalle district the excitement had bistro owners serving their first pints before 10 a.m. Bloomberg Pursuits has the inside scoop on what spring and summer in the City of Light looks like this year.

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Corporate Mandate for ChangeBloomberg Equality Briefing: As the reckoning on race in America continues to reverberate, the reach and influence of business has made it a focal point for change. On June 17, we’ll convene leaders across companies, finance and technology to discuss their blueprint for a more equitable workforce. Sponsored by Cisco. Register here.

Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.

 

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Shorts run for cover

Wednesday, June 9, 2021

Bloomberg New names were added to the meme-stock frenzy as retail traders latched on to fresh favorites Wednesday. Prison operator GEO Group soared 60% and Clean Energy Fuels jumped at least 24%,

Fauci’s new warning

Tuesday, June 8, 2021

Bloomberg US health officials warned that a more harmful Covid-19 variant known as Delta has surged in the UK (a country with high vaccination levels) in a grim warning to America as demand for

Sedition hunters

Monday, June 7, 2021

Bloomberg Biogen's controversial new Alzheimer's drug was approved by US regulators despite skepticism from some scientists about its mixed record in clinical trials. Biogen and other

Meme stock madness

Saturday, June 5, 2021

Bloomberg Follow Us Get the newsletter The new king of meme stocks is AMC Entertainment. Recently on the brink of bankruptcy, the movie theater chain's stock is up more than 2000% this year after

America’s ‘debt trap’

Friday, June 4, 2021

Bloomberg We know three things about the US economy, Peter Coy writes in Bloomberg Businessweek: The rich are getting richer, everyone else is in debt and interest rates have fallen. The connection

Weekly Wrapup: Bills and Gambles

Saturday, July 24, 2021

Finshots Weekly Wrapup: Bills and Gambles In this week's wrapup we talk about the Monsoon Session of Parliament, Reliance's acquisition of Just Dial, the new drone regulations, and finally

Dangerous games

Friday, July 23, 2021

Bloomberg After a yearlong delay due to Covid-19, and some scandals and high profile resignations, the 2020 Tokyo Olympics are finally underway. The Games, the first ever without spectators, promise to

FTT Update: This Newsletter Requires Vaccination

Friday, July 23, 2021

​ ​ Hi all, Julie here. Happy Summer Friday all! Jordan and I close on our new home IN ONE WEEK! Ahhh! Keep us in your prayers as we hope that all goes well with that as well as the move itself. In the

Not Your Parents’ Mutual Funds: How Gen Z Is Investing

Friday, July 23, 2021

Why you should worry about the next crypto crash July 23, 2021 So much for babysitting or busing tables. Today's young adults are using the internet to make money, and not chump change either.

Ever Grande

Friday, July 23, 2021

Plus: Simply not Fintechery, Circle, Equity Research, Finally ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Taking Strategy Seriously

Friday, July 23, 2021

Plus! Errata, Streaming as Instant Gratification; Batteries; Shrinking Analyst Teams; Diffident Voters; Oil; Recapitalized ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Prices for Used Cars Are Soaring, and That Could Cost Drivers Who Aren’t Even Looking to Buy

Friday, July 23, 2021

The amount you receive if your car is a total loss may fall short of its replacement cost. July 23, 2021 INSURANCE Prices for Used Cars Are Soaring, and That Could Cost Drivers Who Aren't Even

Litigation Finance

Friday, July 23, 2021

Plus: Stress Tests, Revolut, Tink/Visa ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Long Slow Short

Friday, July 23, 2021

Plus: Robinhood/Distressed Investing, Banker Hours, Compound Treasury ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

What is Robinhood?

Friday, July 23, 2021

Plus: Buy Now Pay Later, M&A, Weather ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌