In this articleAMCAMC Entertainment said it has completed its new stock offering announced just Thursday morning, raising $587.4 million in additional capital.The company said it sold 11.55 million shares at an average price of approximately $50.85 per share in an at-the-market equity program launched earlier Thursday.When AMC announced the offering, it said in a filing it may sell some of the 11 million shares “from time to time.” Apparently that time was now as it completed the offering in about three hours.In a curious move typical of the meme stocks, the shares rallied off their lows on news of the completed sale as retail investors cheered the capital raised and looked past the dilution of their stakes.Shares of the movie theater chain reversed higher at one point following the news. The stock ended the day 18% lower, paring its week-to-date gain to 96%.”Bringing in an additional $587.4 million of new equity on top of the $658.5 million already raised this quarter results in a total equity raise in the second quarter of $1.246 billion, substantially strengthening and improving AMC’s balance sheet, providing valuable flexibility to respond to potential challenges and capitalize on attractive opportunities in the future,” AMC President and CEO Adam Aron said in a statement.AMC, the star of the show in Reddit’s WallStreetBets forum, has soared more than 140% this week alone as retail traders continued to encourage each other to pile into the speculative name. The shares have skyrocketed more than 2,900% this year.Zoom In IconArrows pointing outwardsOn Wednesday, the company announced a new portal to connect with individual investors and offered free popcorn, exclusive screenings and other perks to those who hold its stock. The shares rallied 95% that day.So-called short covering could be contributing to AMC’s massive rally as of late. On Wednesday, short sellers betting against the stock lost $2.8 billion, bringing their year-to-date losses to more than $5 billion, according to S3 Partners. Short sellers are forced to buy back the stock to cut their losses amid a sudden rally.While AMC’s latest surge is reminiscent of the GameStop mania earlier this year, many on Wall Street believe the movie theater chain won’t cause a turmoil in the overall market like GameStop did. Back in January, GameStop’s short squeeze caused liquidity headaches at hedge funds and brokerage firms that spiked volatility in the broader market and raised concerns about financial stability. More

Serena Williams of The United States reacts as she winces in pain in her Ladies’ Singles First Round match against Aliaksandra Sasnovich of Belarus during Day Two of The Championships – Wimbledon 2021Jed Leicester | Getty Images Sport | Getty ImagesSerena Williams’ bid for a record-equaling 24th Grand Slam singles crown ended in tears at Wimbledon as an ankle injury forced her out of her first-round match with Aliaksandra Sasnovich.The 39-year-old, who has seven Wimbledon singles titles on her glittering CV, had broken to lead 3-1 against her Belarusian opponent when she turned her left ankle badly.When world No 100 Sasnovich broke straight back, Williams – her right thigh already heavily strapped – was forced to leave the court for a medical time-out and, while the American made her way back onto Centre Court in an attempt to compete, the tears were in evidence as she could barely move.Read more stories from Sky SportsEngland end 55 years of hurt to knock out GermanyUkraine stun Sweden to set up England clashChris Woakes and Joe Root lead the way as England ease to victory over Sri Lanka in first ODISasnovich levelled the match at 3-3, but another slip from Williams left her laying on the ground and, amid gasps from the crowd, she was helped to her feet by the chair umpire and the retirement was confirmed.Williams’ injury-hit exit followed that of Adrian Mannarino, who was forced off court after a knee injury during his match against Roger Federer.Williams has been on 23 Grand Slam titles since the 2017 Australian Open – but her last two visits to Wimbledon have yielded finals.Having lost to Simona Halep in 2019 and Angelique Kerber in 2018, sixth seed Williams arrived with ambition of finally levelling Margaret Court’s supreme tally, but she was left distraught and released a statement via her Instagram feed.”I was heartbroken to have to withdraw today after injuring my right leg,” said Williams.”My love and gratitude are with the fans and the team who make being on Centre Court so meaningful. Feeling the extraordinary warmth and support of the crowd when I walked on – and off – the court meant the world to me.” More

New Jersey’s American Dream Mall — the second-largest mall in the country — was briefly evacuated on Black Friday because of a bomb threat, according to state officials. 
The incident appeared to be resolved quickly, and shoppers were allowed back in the mall.

American Dream megamall and entertainment complex in East Rutherford, N.J., seen on Oct. 25, 2019.
Timothy A. Clary | AFP | Getty Images

New Jersey’s American Dream mall — the second largest mall in the country — was evacuated minutes after it opened on Black Friday because of a bomb threat that was later deemed unfounded, police said.
Around 7:13 a.m. ET on Friday, just after American Dream opened its doors at 7 a.m., a person told police there was a bomb inside the facility, and officers evacuated the shopping center so they could search it, a spokesperson for the New Jersey State Police told CNBC.

The agency’s bomb and K-9 units swept the East Rutherford mall for explosive devices but didn’t find any, the spokesperson said. Police reopened American Dream around 9:15 a.m. for shoppers and retail workers, the mall said.
“The mall has been deemed safe and American Dream will be returning to normal operations. This is still an active investigation and there is no additional information available,” the spokesperson said.

New Jersey State Police patrol the American Dream Mall in East Rutherford, New Jersey, after a bomb scare, Nov. 24, 2023.
David Dee Delgado | Reuters

“American Dream was evacuated this morning following what was later deemed a non-credible threat. This was done out of an abundance of caution, as the safety of our employees and guests is and will always be our priority,” American Dream told CNBC in a statement. “The center has already re-opened. We look forward to a joyous and safe holiday season.”
Prior to the mall reopening, New Jersey Gov. Phil Murphy posted about the evacuation on X, formerly known as Twitter. He urged shoppers to heed instructions from law enforcement and walk safely to the nearest exit.
“We will remain vigilant to ensure everyone stays safe this holiday season,” he said after the mall was reopened.

The evacuation came on the biggest shopping day of the year, when many Americans are expected to flood malls across the country in search of the best holiday deals. The shopping holiday poses unique risks to retailers because of the large crowds that it draws. In years past, fights have broken out between customers, and others were injured in stampedes.
Compounding the issue is the nationwide rise in mass shooting events, which have happened at a number of grocery stores and other retail establishments such as Walmart.

Read more CNBC retail news More

A judge sided with Paramount over some claims in Warner Bros. Discovery’s lawsuit over “South Park” streaming rights.
Warner paid $500 million in 2019 to put the back catalogue of “South Park” episodes on its streaming service.
The company said Paramount breached that contract by streaming “South Park” specials on Paramount+.

Stan And Kyle From The Episode “Clubhouses.”
Getty Images | Hulton Archive | Getty Images

A judge on Tuesday sided with Paramount Global on certain claims after Warner Bros. Discovery sued earlier this year over streaming rights to long-running animated series “South Park.”
New York state Supreme Court Justice Margaret Chan said that Paramount did not violate state consumer protection laws after its streaming platform, Paramount+, hosted “South Park” specials. The decision follows a February lawsuit, where Warner alleged that Paramount deceptively withheld the specials and other “South Park” content to bolster Paramount+ offerings.

Representatives for the companies didn’t immediately respond to requests for comment.
Warner paid $500 million to Paramount in 2019 for the rights to the over-20-season back catalogue of “South Park” episodes to stream on HBO Max, which is now known as Max. Paramount proposed sharing the rights between each of the company’s streaming platforms at the time, which Warner rejected. The series is a staple of Paramount’s Comedy Central channel.
Paramount would later release “South Park: Post Covid” in 2021 and “South Park: The Streaming Wars” in 2022, exclusively on Paramount+. The releases triggered the lawsuit, in which Warner is seeking hundreds of millions of dollars. Warner also alleged that Paramount caused it to overpay under the agreement.
Paramount countersued in April, seeking $50 million in unpaid fees from Warner and denying allegations that the company breached the agreement. The counterclaim would later be dismissed by Chan in October, ruling that Paramount did not make false statements in its description of specials in the original 2019 agreement.
Warner also alleged in its suit that Paramount’s conduct misled customers and created confusion over which streaming platform had rights to the animated series.

Chan threw out this claim by Warner on Tuesday and said the allegation was merely a “private contract dispute” and did “not harm consumers.” Chan added that the complaint or materials offered by Warner failed to prove “deceptive practices” by Paramount.
Warner’s claims of breach of contract, tortuous interference and unjust enrichment are still in play.
Chan ordered a preliminary conference between the two parties on Dec. 13. More

United Airlines planes, including a Boeing 737 MAX 9 model, are pictured at George Bush Intercontinental Airport in Houston, Texas, March 18, 2019. Loren Elliott | Reuters Coronavirus isn’t just hitting China travel. Barcelona trips are also feeling the impact. United Airlines on Thursday said it will scale back its flights to Barcelona after the […] More