Thousands of hotel workers in the United States have begun a multi-day strike in several cities after contract negotiations with major hotel operators Marriott International, Hilton Worldwide, and Hyatt Hotels stalled. The strike, organized by the Unite Here union, involves workers in 24 hotels located in popular travel destinations such as San Francisco, San Diego,
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Edgar Wright’s beloved cult classic horror-comedy ‘Shaun of the Dead’ recently had a re-release for its 20th anniversary, grossing an impressive $600k for the 3-day weekend and $720k for the four days. This showing demonstrates the enduring popularity of the film, with fans flocking to see it in Dolby Cinema at 133 AMC theaters for
When it comes to dividend-paying stocks, EPR Properties stands out as a top choice in the real estate investment trust (REIT) sector. EPR focuses on experiential properties such as movie theaters, amusement parks, eat-and-play centers, and ski resorts. This unique niche sets it apart from traditional real estate companies, offering investors exposure to different facets
Airlines in the industry that were once eager to expand their fleets with new aircraft are now facing the reality of cash constraints and the need for saving money to return to profitability. Low-cost and deep-discounter carriers are particularly feeling the pressure as they try to navigate the impacts of engine repairs and the overall
The landscape of cannabis consumption is undergoing a significant shift, and this change is evident with the emergence of high-end cannabis dispensary stores on Fifth Avenue in New York City. While this iconic area is known for its upscale retailers like Cartier and Saks, it now also offers a unique shopping experience that includes purchasing
Dell reported its quarterly results, exceeding Wall Street’s expectations with a significant increase in server sales. The company’s revenue for the fiscal second quarter stood at $25.03 billion, surpassing the estimated $24.53 billion. The earnings per share (EPS) also outperformed predictions at $1.89 adjusted, compared to the anticipated $1.71. This positive outcome led to a
CNBC TV’s producers closely monitored the tech earnings parade on Thursday, with a particular focus on Marvell Technology. The stock surged about 8% after hours following better-than-expected revenue and a strong forecast for the latest quarter. Despite this positive news, Marvell is still down 18% from its March high. Interestingly, Marvell is the 17th biggest
Set to release on May 9, 2025, Universal Pictures is gearing up for the premiere of the highly anticipated musical feature, Atlantis. The film is inspired by Pharrell Williams’ childhood experiences at the Virginia Beach Atlantis Apartments in the summer of 1977. This unique storyline promises to take viewers on a nostalgic journey through Williams’
The tech and chip-related stocks in Asia took a hit on Thursday following the announcement of Nvidia’s second-quarter results. Companies with direct links to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced significant losses. SK Hynix, known for manufacturing high bandwidth memory chips used in AI applications for
Recently, U.S. government researchers traveled to a South Korean mine to evaluate the progress being made towards increasing the supply of tungsten from sources outside of China. The Sangdong Mine, owned by a subsidiary of Almonty Industries based in Canada, is expected to resume operations this year. Tungsten, an essential metal used in the production
Despite an inflation-fueled sales slump that hit the toy industry in the first half of 2024, Lego managed to outperform its competitors, with revenue jumping 13% in the first six months of the year. Niels Christiansen, CEO of the Danish toymaker, attributed this success to the strength of Lego Icons, Lego Creator, and the partnership
Brazilian miner Vale recently made a strategic decision to announce Gustavo Pimenta as their new chief executive officer. This move was aimed at preempting any further market speculation regarding potential candidates for the role. Chairman Daniel Stieler emphasized the importance of finalizing the leadership succession process ahead of schedule to bring stability and clarity to
Nvidia, a technology company known for its graphics processing units, has seen significant growth in the last year, with a 179% increase in its stock price. Despite this impressive performance, the stock is currently 8.8% below its June 20 high. Analysts are overwhelmingly bullish on Nvidia, with 92% rating it as a buy or overweight.
The collaboration between Volkswagen and Xpeng in the realm of electric cars for the Chinese market has been gaining momentum. With Volkswagen’s $700 million investment in Xpeng to jointly develop two electric cars for delivery in China by 2026, it is evident that both companies are committed to pushing the boundaries of innovation. Xpeng’s co-president