Business
ASX to edge up, $A drops as greenback rallies – The Australian Financial Review
Australian shares are set to edge higher at the open; Wall Street retreats; Aussie dollar drops over 1pc; US data stronger than expected. Follow the latest here….
The staggering surge in AMC Entertainment Holdings as a result of Reddit fans frenzy is making professional market participants increasingly uneasy.
After retail traders sent the shares of the unprofitable movie-theatre chain to a record high, bringing this years advance to almost 3000 per cent, investors and strategists are warning that the chances of getting badly burned and losing money on this trade are now very high.
The price swings are difficult to keep pace with. Bloomberg
AMC was up 2.8…
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