Why theater owners are worried
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images More consolidation, more problems — that’s the latest fear gripping the theatrical industry. After a monthslong negotiation process, Paramount and Skydance have struck a merger agreement. While the proposed union has been touted as perfect match by those […]
Passive investing’s rise hasn’t ruined the stock market, says Jeremy Grantham’s GMO
The rise in passive investing marks one of the stock market’s “most profound changes” ever, but its popularity hasn’t ruined the market, according to analysis from Jeremy Grantham’s GMO.
Paramount agrees to merge with Skydance, ending Redstone era
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global has agreed to merge with Skydance, capping off a monthslong negotiation, in a deal that would see the Redstone family step away from control of the storied movie studio and media company. Paramount’s […]
Streaming alliances are top of mind
A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances. Allen & Co.’s annual conference, often referred to as “summer camp for billionaires,” kicks […]
Raw rolling-papers founder Josh Kesselman’s quest: An IPO that doesn’t kill the company’s vibe
Inventive entrepreneur figuring out how to sell shares of Raw to its avid customer base without diluting its brand.
Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
Rescuers work at the scene of an Ethiopian Airlines flight crash near Bishoftu, or Debre Zeit, south of Addis Ababa, Ethiopia, Monday, March 11, 2019. Mulugeta Ayene | Reuters Boeing has agreed to plead guilty to criminal fraud tied to the fatal 737 Max crashes, a decision that brands the U.S. aerospace giant a felon […]
‘I’ve always been the responsible one’: My mother wants to leave her entire estate to me — so I can take care of my younger brother. Is this foolish?
“What are the tax and financial implications of receiving an estate and then passing on a large percentage of it to someone else?”
Walmart, Chipotle criticized over prices
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s […]
Koss’s stock pares gains after spike amid rumors of interest from Roaring Kitty
Koss shares were down 15.4% in premarket trades Monday, putting it on pace to snap a two-day winning streak.
Airline profits lag even as travel demand breaks records
Passengers pass through O’Hare airport in Chicago, July 3, 2024. Scott Olson | Getty Images Record summer air travel demand isn’t translating to record U.S. airline profits. Carriers will have to answer for that disconnect when they report quarterly results this month. Some airlines have forecast record demand, and in some cases, revenue. But higher […]
