Bitcoin drops as Wall Street shares tumble
By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss
By Alun John, Elizabeth Howcroft and Gertrude Chavez-Dreyfuss
(Reuters) -AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of big-ticket films such as "The Batman" drew crowds to movie halls, driving a surge in box-office collections at the theater chain.
Stock indexes around the world fell sharply on Monday and the dollar reversed course after hitting a two-decade high while oil prices sank as concerns about slowing growth and a tightened lockdown in Shanghai pushed investors toward safer bets.
AMC Entertainment beat Wall Street expectations for first-quarter revenue on Monday, as the release of blockbuster films such as "The Batman" and "Uncharted" drew crowds to movie halls, driving a surge in ticket sales.
(Reuters) -Canada's antitrust agency is seeking to block Rogers Communications Inc's $16 billion deal to buy Shaw Communications Inc on the grounds that it would lead to less competition in the wireless industry.
(Reuters) -Atlanta Federal Reserve President Raphael Bostic on Monday said he expects the U.S. central bank will deliver two or three more half-percentage-point interest rate hikes but won't need to use anything bigger, noting some hopeful signs on inflation.
A continued decline in on-demand trucking prices risks squeezing out tens of thousands of small operator-owned trucking companies that rushed into the market when rates were surging earlier this year, Uber Technologies Inc's head of freight said.