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In a time where studios were experimenting with different release strategies due to the Covid-19 pandemic, Universal took a gamble on Christopher Nolan’s World War II-set film, Oppenheimer. Despite initial skepticism about the movie’s potential, Universal decided to invest $100 million in the production. The decision to open Oppenheimer in theaters rather than opt for
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In a surprising move just prior to releasing their first-quarter earnings report, Google announced that it would be letting go of about 200 employees from its “Core” teams. This reorganization will involve transferring some roles to India and Mexico, a decision that has raised eyebrows within the tech industry. The Core unit is crucial for
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Hotel giant Marriott International (NASDAQ:MAR) has recently increased its annual adjusted profit forecast following a mixed performance in the first quarter. Despite weakening trends in North America, Marriott is relying on the surge in international travel demand to drive its full-year profit. The company anticipates a significant boost in revenue per available room (RevPAR) from
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In a groundbreaking move, Microsoft has partnered with Brookfield Asset Management in a deal worth more than $10 billion to develop renewable energy capacity to meet the increasing demand for artificial intelligence and data centers. The agreement, announced recently, outlines that Brookfield will be providing 10.5 gigawatts of renewable energy to Microsoft between 2026 and
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The impact of higher-for-longer U.S. interest rates was felt across Asian stock markets on Wednesday, with Japanese and Australian stocks leading the losses. This negative sentiment was fueled by fears of prolonged U.S. interest rate hikes, as investors awaited the conclusion of a Federal Reserve meeting later in the day. Japanese Stock Market Performance Japan’s
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Australia’s major banks are anticipated to report weaker first-half profits as operating costs remain high and competition for mortgage and deposit sales intensifies. This has led to a reduction in margins, putting a strain on overall profitability. Although historically, rising interest rates have been beneficial for the Big Four banks, the current scenario has forced
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Following the news of CEO Elon Musk’s decision to cut jobs in Tesla’s Supercharger team, the company’s shares plummeted nearly 6% on Tuesday, closing at $183.28. This drop marked a 26% decrease for the year, signaling investor concerns about the company’s future direction and financial stability. According to reports, Musk informed managers at Tesla about
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