Thursday, June 3, 2021

The Daily Money: AMC: Please buy our stock. Please don't buy our stock.

In today's Daily Money newsletter, we have insights on AMC Entertainment's stock, Social Security taxes and President Biden's infrastructure plan. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, June 3

Good morning, Daily Money friends, it's Nathan wishing you a happy Thursday!

Gear up, people. Tomorrow is National Donut Day, and deals will be plentiful.

Speaking of donuts, we used to get free donuts in our newsroom every Thursday morning. But Terry Collins reports that free treats might actually come back when Americans return to the office. PLEASE LET IT BE SO.

On to our ... 

💡 INSIGHT OF THE DAY: You know something bizarre is happening when a company announces it's selling stock but warns you that maybe you shouldn't buy any. That's precisely what AMC Entertainment did this morning. The company's stock has soared due to retail traders whipping up an anti-Wall Street movement via social media. But AMC is essentially warning that investors in its stock could lose everything. So be careful out there if you decide to invest in this one, or any other "meme stock."

📰 And here are more stories you won't want to miss:

1. President Biden's infrastructure plan could create a ton of new jobs. But what if there's no one to take them?

2. Does your state tax social security benefits? Here's why that's crucial to your retirement strategy.

3. What a world: This California company is poised to pay an intern to smoke weed.

4. Want to know your musical birth chart? Spotify's got you covered.

🎵 Imagine all the people who will.

--@NathanBomey

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