Barbie wins summer box office, Taylor Swift might not save fall
A scene from “Barbie.” Courtesy: Warner Bros. Hollywood bet big on blockbuster franchise sequels to revive its summer cinema business, but it was fresh fare such as “Barbie” and “Oppenheimer” that fueled the industry’s haul of $4 billion, a 19% jump from last year. Starting the first Friday in May and running through Labor Day […]
EV maker Lucid is ‘exploring’ China expansion: report
Electric-vehicle maker Lucid Group Inc. is “exploring” selling its cars in China, CNBC reported late Wednesday, though there is no timeline yet. In an interview with CNBC at the IAA auto show in Munich, Germany, Lucid’s chief engineer Eric Bach said: “It’s the world’s largest car market. It’s going to be likely the world’s largest and fastest […]
UAW leader says strike would send Biden a message
A strike by the United Auto Workers union against the Detroit automakers would help President Joe Biden and other politicians pick a side when it comes to organized labor, UAW President Shawn Fain said Wednesday night. “I think our strike can reaffirm to [Biden] of where the working-class people in this country stand and, you […]
Rising bond yields drag real estate, utility stocks as this ETF sees ‘decisive breakdown’
Rising bond yields are rattling markets, luring investors with attractive rates while exerting pressure on pockets of equities such as the real estate and utilities sectors. “Elevated Treasury yields have dragged on relative performance for REITs and utilities,” said Katie Stockton, founder of technical research firm Fairlead Strategies, in a note Wednesday. The…
Inside story of Iger and Chapek
Illustration by Elham Ataeiazar After pushing back his retirement four times, Bob Iger finally made the leap. On Feb. 25, 2020, he announced he would step down as Disney’s CEO. His hand-picked successor, Bob Chapek, then Disney’s parks chairman, would take over the day-to-day job of running the company, effective immediately. As part of the […]
Roku to lay off 10% of workforce, stock jumps
Roku products arranged in Hastings-On-Hudson, New York, July 25, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Roku said it will lay off 10% of its workforce, or about 360 people, as the streaming software company looks to slash expenses. In a regulatory filing Wednesday, the company said the cost-cutting measures aim to bring down its […]
Last burst of leisure spending leads to modest U.S. growth in summer months, Fed’s Beige Book says
The outlook: The U.S. economy grew at a modest pace in July and August, bolstered by “the last stage of pent-up demand” for leisure activities, according to the Federal Reserve’s latest survey of economic conditions that is known as the “Beige Book.” What happened: Outside of leisure travel, nonessential retail sales slowed, the survey said. […]
Last burst of leisure spending leads to modest U.S. growth in summer months, Fed’s Beige Book says
The outlook: The U.S. economy grew at a modest pace in July and August, bolstered by “the last stage of pent-up demand” for leisure activities, according to the Federal Reserve’s latest survey of economic conditions that is known as the “Beige Book.” What happened: Outside of leisure travel, nonessential retail sales slowed, the survey said. […]
AMC shares fall as it announces plan to sell additional stock
Traders work on the floor of the New York Stock Exchange, Aug. 22, 2022. Brendan McDermid | Reuters Shares of AMC Entertainment fell sharply in early trading Wednesday after the theater chain said in a filing that it plans to sell up to 40 million new shares to raise cash. The stock was down 25%, bringing it below $11 […]
Are you 95 and fit? The SuperAgers study wants to talk to you.
Wanted: 95-year-olds who won the genetic lottery to help unlock the mysteries about healthy longevity. The SuperAgers Family Study aims to look at those who are 95 years old or older and their children to determine what genetic strengths they possess to ward off typical age-related diseases. Unlocking the key to SuperAgers’ success could…
