Broadway’s just-ended 2023-2024 season saw a total attendance of about 12.3 million, with 71 productions on the boards grossing a combined $1.54 billion. These figures show a small decrease from the previous season, with the average ticket price settling at $125.27. Despite the relatively stable numbers, Broadway’s attendance remains nearly 17% below pre-pandemic levels. The
Nvidia, a company once known for its niche development of 3D gaming hardware, has undergone a remarkable transformation in recent years. With the increasing demand for artificial intelligence chips from tech giants such as Google, Microsoft, Meta, Amazon, and OpenAI, Nvidia has positioned itself at the forefront of technological innovation. The company’s fiscal first-quarter earnings
The latest data from the National Association of Realtors has revealed some interesting trends in the real estate market for the month of April. The report shows a 1.9% decrease in sales of previously owned homes compared to March, with a total of 4.14 million units sold on a seasonally adjusted annualized basis. This decline
The London Stock Exchange is set to see the launch of exchange-traded products (ETPs) backed by cryptocurrencies, marking a significant development in the world of digital assets. WisdomTree and 21Shares have announced their plans to introduce these innovative financial products, following approval from the UK’s financial regulator. In a move that signals growing acceptance of
On Wednesday, the Consumer Financial Protection Bureau (CFPB) announced new regulations that would require customers of the buy now, pay later (BNPL) industry to adhere to the same federal protections as credit card users. This “interpretive rule” under the Truth in Lending Act categorized BNPL lenders as equivalent to traditional credit card providers, meaning they
The U.S. stock index futures remained largely unchanged in evening trading on Tuesday, with a focus on the persistent strength of technology stocks. This stability comes ahead of the highly anticipated earnings report from Nvidia, a market favorite that has been driving Wall Street towards new highs. However, investors are maintaining a cautious stance as
The Memorial Day weekend box office is a crucial time for the movie industry, as it sets the tone for the summer blockbuster season. However, in recent years, the numbers have not been as impressive as before. The entire 4-day frame now struggles to exceed $200M+, a stark difference from the booming figures of the
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Macy’s fiscal first-quarter earnings report surpassed Wall Street’s expectations. The department store operator highlighted early signs of momentum in its turnaround strategy. CEO Tony Spring mentioned that the company is in the “early innings” of turning around its namesake stores. By increasing investments in certain Macy’s stores, the company has seen a positive response from
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Lowe’s, the home improvement retailer, exceeded Wall Street’s expectations in terms of quarterly earnings and revenue. Despite a decrease in pricey item purchases by do-it-yourself customers, Lowe’s managed to outperform projections. This positive outcome is in stark contrast to its competitor, Home Depot, which fell short of revenue expectations due to challenges in the housing
Federal Reserve Governor Christopher Waller recently addressed the issue of interest rates, noting that inflation appears to be on the decline. Waller mentioned that based on the available data, he does not believe that further interest rate hikes will be necessary. Despite his recent hawkish stance, he emphasized that he would need convincing before supporting
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According to a recent report from PwC, sectors that are embracing artificial intelligence are experiencing a significant boost in productivity compared to those that are not. The report reveals that professional and financial services, as well as information technology, have seen a productivity growth rate of 4.3% between 2018 and 2022. In contrast, sectors like