The decision to delay the release of “Horizon: An American Saga – Chapter 2” raises questions about the impact it will have on the overall success of the franchise. By pushing back the release date, the filmmakers are hoping to give more time for the audience to discover the first movie, whether it be at
Intuit, the parent company of TurboTax, recently faced a setback in midday trading as its shares fell by nearly 4%. This decline was a result of the company’s decision to cut 1,800 jobs, representing about 10% of its workforce. The move came as Intuit seeks to increase investments in artificial intelligence. However, it also announced
Volkswagen issued a warning that it may have to close the Brussels site of its luxury brand Audi due to a significant decrease in demand for high-end electric cars. This drop in demand has particularly affected Europe’s top carmaker, leading to a revision of the margin target for the current year. The last time Volkswagen
New Zealand’s central bank, the Reserve Bank of New Zealand (RBNZ), made a decision to keep the cash rate steady at 5.5% on Wednesday. This decision was in line with the expectations of economists, however, the accompanying commentary indicated a potentially less restrictive monetary policy in the future if inflation slows as predicted. RBNZ’s Commentary
Nvidia has been making waves in the stock market, with its shares seeing a 1.8% increase following KeyBanc’s optimistic price target hike to $180. This move implies a significant 40% upside from Monday’s close. The firm’s positive outlook is based on the strong demand for Nvidia’s H100 chip, which has remained robust despite the impending
Sony is making a bold move by attempting to cater to the underserved female moviegoing audience with the release of Apple Original Films’ $100M romantic comedy “Fly Me to the Moon” this weekend. The film, directed by Greg Berlanti and written by Rose Gilroy, stars popular actors Channing Tatum and Scarlett Johansson. The story follows
Athletic Brewing Company, a leading nonalcoholic brewer, made headlines with its recent announcement of raising an additional $50 million in equity financing. This round was led by General Atlantic, with expectations of further investment beyond the initial amount. The company, founded by CEO Bill Shufelt, has big plans for using this investment to expand its
Chemours, a chemical company, saw a 3% increase in stock price after UBS upgraded the company from buy to neutral. This upgrade was based on the belief that the stock could outperform as refrigerants experience favorable demand and price drivers heading into the next year. This positive outlook indicates potential growth for the company in
The U.S. stock index futures have been going through a period of growth, with semiconductor and megacap technology stocks leading the way in the recent rally. The S&P 500 and Nasdaq have reached record highs, showcasing the ongoing positive sentiment in the equity market. The Philadelphia semiconductor index saw a significant rise, indicating the strong
Etsy, the online marketplace that was once a haven for artisans and craft makers, has been experiencing a shift towards mass-produced, generic items in recent years. This influx of resellers has prompted Etsy’s CEO, Josh Silverman, to take action in an effort to return the platform to its roots. A major overhaul of the site’s
The year 2024 has seen a significant increase in cryptocurrency theft, with hackers more than doubling their spoils compared to the previous year. According to a report by blockchain research firm TRM Labs, a total of $1.38 billion worth of crypto was stolen between January 1 and June 24, which is more than twice the
China’s new yuan loans are expected to more than double in June compared to May, as per a Reuters poll. Chinese banks are predicted to have issued 2.25 trillion yuan in new loans last month, up from 950 billion yuan in May. This surge is attributed to the central bank’s continuous policy support for the
Australia’s commitment to boosting investment in Pacific Island countries in support of their financial systems comes at a crucial time. The banking sector in the region is experiencing a significant withdrawal of correspondent banking services, particularly in U.S. dollar-denominated transactions. This has raised concerns about the ability of Pacific nations to engage with the global
Boeing, a prominent player in the aerospace industry, recently made headlines for a different reason – a guilty plea to criminal fraud charges related to the 737 Max crashes. This decision has painted the U.S. aerospace giant as a felon but has allowed it to avoid a trial. The repercussions of this guilty plea will