The U.S. Department of Justice has taken legal action against Live Nation, the parent company of Ticketmaster, for alleged antitrust violations. The lawsuit, which involves 30 states and was filed recently, is a result of an extensive investigation launched in 2022 to determine whether Live Nation is monopolizing the ticketing industry. The allegations made by
The premarket trading session has seen companies like Nvidia, Super Micro Computer, and Advanced Micro Devices making impressive gains. Nvidia soared by 7.4% after announcing strong fiscal first-quarter results, better-than-expected guidance, and a 10-for-1 stock split. Similarly, Super Micro Computer and Advanced Micro Devices saw a jump of more than 5% and 3% respectively. These
The US stock market experienced a downturn after the close of trading on Wednesday. This was primarily driven by losses in sectors such as Oil & Gas, Utilities, and Basic Materials. At closing time, the Dow Jones Industrial Average was down by 0.51%, the S&P 500 index fell by 0.27%, and the NASDAQ Composite index
South Korea’s central bank recently decided to maintain interest rates at a 15-year high, citing concerns over inflationary pressures despite stronger-than-expected economic growth. The Bank of Korea Governor, Rhee Chang-yong, emphasized the need to keep policy restrictive to combat sticky inflation and sustain economic stability. This decision reflects the delicate balance between supporting growth and
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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