AMC Entertainment (AMC) is cashing in on the revival of the meme stock trade. The struggling theater chain raised $250 million of “new equity capital” through the sale of 72.5 million shares on Monday, per an SEC filing. The completion of the equity offering, which was initially launched on March 28, came as the meme […]
Tag: craze
Scientists Crack the Mystery of When Eggs First Emerged as a Culinary Craze
New research points to a clear origin for humanity’s love of farm-raised chicken eggs. Archaeologists say they’ve found evidence showing that humans in Central Asia began to raise the forebears of modern chickens for their eggs as early as 400 BCE. The reliable supply of eggs also helped the bird become a widely sought-after animal […]
Pickleball craze breathes new life into old downtown Minneapolis office buildings
In a fever-dream phase of the pandemic, commercial real estate broker Mike Marinovich used electrical tape to draw out three pickleball courts on the sprawling second floor of his vacant downtown Minneapolis office building. The space at 1200 Washington Av. S. had just been vacated by a supercomputing center, and Marinovich was having no luck […]
A recession in 2024 would burst the biggest stock bubble since the dot-com craze, sending the market down 40%, veteran strategist says
Yichiro Chino/Getty Images A recession will hit in 2024, according to Paul Dietrich, chief investment strategist of B. Riley. Even a mild recession could spark as much as a 40% stock crash, Dietrich told Business Insider. That’s because the market is looking the most overvalued since the dot-com craze of 2001, he said. A recession […]
Seattle-based Stanley faces lawsuit amid cup craze
The Stanley cup craze continues as the company announced via social media the launch of its latest Quencher line, “Chroma Quenchers and Classic Bottles.” Since 2020, Pacific Market International, the owners of the Stanley brand, have sold approximately 10 million of their Quenchers. The company also generated about $70 million annually before its 2020 boom. […]
Nvidia stock hits all-time high as AI craze rolls on
Nvidia (NVDA) stocks hit an all-time high on Friday, as the AI craze continues to roll on in early 2024. Nvidia’s share price jumped more than 2% to $584.87 as of midday. Shares of the AI juggernaut are up some 18% in the first few weeks of the new year and 179% over the last […]
Donald Trump’s Jan. 6 defense and the Stanley Quencher cup craze: Morning Rundown
Why Donald Trump’s lawyers won’t be able to rely on the same arguments other lawyers have made on behalf of Jan. 6 rioters. A school shooting in Iowa leaves one student dead and five people injured. And a Stanley cup collaboration with Starbucks sends fans into a frenzy. Here’s what to know today. Why Trump […]
Is this the original smash burger? Hooker’s Grill rides a Fort Worth restaurant craze
The burger business has gone flat. Thick gourmet burgers have given way to low-slung “smash burgers,” thin beef patties mashed onto a hot girll with onions and served with double-melty cheese for an old-time taste. They’re a national favorite now, replacing all those bulky burgers topped with quinoa or bananas or candied orange peel or […]