SAG-AFTRA rejects Hollywood studios’ ‘last, best and final’ offer
NEW YORK, NEW YORK – OCTOBER 31: Rebecca Damon joins SAG-AFTRA members on strike during Halloween on October 31, 2023 in New York City. The strike, which began on July 14, entered its 100th day on October 21st as the actors’ union and Hollywood studios and streamers failed to reach an agreement. (Photo by John […]
AMC bonds attracting bullish activity
AMC Entertainment Holdings Inc. bonds have been seeing bullish activity recently, according to information from the market-data company BondCliQ. “The [AMC] bonds haven’t been quiet,” BondCliQ relationship manager John Brown-Christenson told MarketWatch. “In the last 10 [business] days, there has been better selling on the short end, the 2026 bond, and more buying on the […]
Citigroup considers deep job cuts in Project Bora Bora
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of fear ran through many of the bank’s 240,000 souls. “We’ll be saying goodbye to some very talented and hard-working colleagues,” she warned in a memo. Employees’ concerns are justified. Managers and […]
The bond market just demonstrated how fast tighter financial conditions can come unraveled
“‘ With financial conditions, we’re looking for persistent changes that are material … Longer-term rates that have moved up, they can’t simply be a reflection of expected policy moves from us.’ ” — Jerome Powell at Nov. 1 press conference Federal Reserve Chairman Jerome Powell said last week that a sharp, recent increase in bond […]
LVMH buys eyewear brand Barton Perreira
Barton Perreira sunglasses are displayed during ‘A Good Time At Goodman’s’ held at Goodman’s Men’s Store in New York City. Astrid Stawiarz | Getty Images LVMH is buying luxury eyewear brand Barton Perreira, famed for making James Bond’s shades, as it taps into the fast-growing designer sunglass market. LVMH’s Thelios eyewear division agreed to acquire […]
Bed Bath & Beyond CEO quits amid Overstock transition
Overstock.com CEO Jonathan Johnson, June 29, 2023. Scott Mlyn | CNBC The new Bed Bath & Beyond announced Monday its CEO Jonathan Johnson is immediately stepping down from his position in a sudden and surprising move. Johnson had been Overstock’s chief executive since 2019. He led the company through its acquisition of Bed Bath & […]
The S&P 500 can underperform its long-term average for a long time
“You will lag the long-term average if your investment horizon misses the market’s few stellar years.” Financial planners are on shaky ground when extrapolating the past into the future. Yet extrapolation underlies almost everything planners advise their clients to do. Stocks’ have beaten inflation by 6% annualized over the long term? Then build clients’ retirement […]
Moderna (MRNA) Q3 earnings report 2023: Covid vaccine losses
Moderna on Thursday posted a steep loss for the third quarter as it recorded a large write-down due to unused doses of its Covid vaccine, its only marketable product, and unveiled plans to scale back production of the shot. Shares of Moderna closed 6% lower on Thursday. Moderna’s total revenue for the period topped Wall […]
Japan unlikely to fall back to zero inflation, BOJ governor says
NAGOYA, Japan — Bank of Japan Gov. Kazuo Ueda said Monday that Japan was unlikely to fall back to deflation even after pressure from higher import prices eases. “The inflation rate will not return to the range of 0% and 1%, which was the prepandemic level,” because the virtuous cycle between wages and prices is […]
Starbucks (SBUX) earnings Q4 2023
Customers are seen at the American multinational chain Starbucks Coffee store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong U.S. demand for pricier drinks. Shares of the company closed up 9.5% on Thursday. Here’s what Starbucks reported for […]
