Wednesday 2 June 2021

The Daily Money: Time to buy 🎥 stock?

08:03

By: Unknown on 08:03

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The Daily Money

ALL THE MONEY NEWS YOU NEED TO KNOW

Wednesday, June 2

Good morning, Daily Money friends, it's Nathan welcoming you to Wednesday!

Just like Black Friday has become more than a single day, Amazon's Prime Day is more than a day too.

Amazon announced it's set for June 21-22. The company says it will have more than 2 million deals globally for its earliest ever annual Prime Day.

On to our ...

💡 INSIGHT OF THE DAY: In the latest you-read-that-right moment of the meme stock crazy, AMC Entertainment's shares are rising despite what most analysts would consider bad news. The company issued new shares to an investor that promptly sold them for a profit, reportedly viewing AMC's stock as overvalued. But for some reason, that's inspired further confidence in the shares among retail investors.

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

1. A cyberattack temporarily took meat supplier JBS's plants offline. But the company says production is expected to resume at the "vast majority" of its sites today.

2. Walmart is expanding its hours again after drastically reducing them when the pandemic began. Here are the details.

3. Another COVID vaccine freebie could be coming your way. Anheuser-Busch says it'll give away free drinks if the nation crosses the 70% vaccinated goal by July 4 set by the White House.

4. The housing market boom continues: These 10 metro areas have experienced a 50% or more increase in their median home values since 2017.

5. Amazon's Sidewalk feature will share your internet connection. Here's how to opt out.

6. Antisemitism is being allowed to fester on Facebook, according to the Anti-Defamation League, which shared its letter to the Facebook Oversight Board exclusively with USA TODAY's Jessica Guynn.

Thanks for reading!

--@NathanBomey