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U.S. President Joe Biden (left) wears a protective mask while speaking with Senator Shelley Moore Capito, a Republican from West Virginia, in the Oval Office of the White House in Washington, DC, the United States, on Thursday, Jan.
T. J. Kirkpatrick | Bloomberg | Getty Images
US companies observe infrastructure talks between the president Joe Biden and Sen. Shelley Moore Capito, the GOP negotiator. They plan to meet again on Friday. At their meeting on Wednesday, Biden proposed a minimum 15% tax on businesses as part of a compromise to pay for a smaller infrastructure package worth $ 1 trillion.
A General Motors assembly worker loads engine block castings onto the assembly line at the GM Romulus Powertrain plant in Romulus, Michigan, the United States, August 21, 2019.
Rebecca Cook | Reuters
Economists project that last month’s employment growth will more than double the pace of progress in April, with hiring accelerating in pandemic-hit sectors such as retail and restaurants. The economy is expected to have added 671,000 non-agricultural payrolls by May. The country’s unemployment rate drops to 5.9%. The average hourly wage is expected to increase by 0.2% month on month. The employment report is expected to set the stage for the June Federal Reserve meeting and other taper talks.
Chairman / CEO of AMC Entertainment Inc. Adam Aron speaks on stage at the Will Rogers Pioneer of the Year Dinner 2018 at Caesars Palace during CinemaCon, the official convention of the National Association of Theater Owners, on April 25, 2018 in Las Vegas, Nevada .
Alberto E. Rodriguez | Getty Images
Shares in AMC entertainment In a wild, Reddit-fueled week of trading that saw the stock nearly double on Wednesday and retreat nearly 18% on Thursday, the stock fell 4% on Friday in the premarket. CEO Adam Aron on Thursday evening sat down with Trey Collins, Moderator of “Trey’s Trades” on YouTube. Many of the channel’s subscribers are AMC investors. After two separate stock sales this week that raised approximately $ 800 million in cash, Aron urged shareholders to support a new plan to issue an additional 25 million shares. Aron repeated that AMC consider a number of acquisition opportunities.
Bitcoin fell nearly 5% to around $ 36,700 hours later on Friday morning Tesla CEO Elon Musk tweeted a meme showing a couple breaking up using a bitcoin hashtag and broken heart emoji. Other cryptocurrencies, including ether and Dogecoin, also decreased. In May, Musk said that Tesla would no longer accept Bitcoin as a payment method due to concerns about energy consumption.
Bill Ackman, Founder and CEO of Pershing Square Capital Management.
Adam Jeffery | CNBC
Billionaire investor Bill Ackman‘s purpose-built acquisition company Pershing Square Tontine Holdings confirmed it is Friday in talks to buy 10% of Universal Music Group for around $ 4 billion. The deal would be worth approximately $ 42 billion for Universal Music. The holding company said the transaction would not result in a merger and Universal Music would conduct a scheduled listing on Euronext Amsterdam in the third quarter of 2021.