The box office has seen a resurgence in recent times, with Disney+ and Pixar maintaining a strong hold over moviegoers. Despite initial doubts about the impact of streaming services on theater attendance, it is clear that the release of “Inside Out 2” has generated significant buzz. The film is projected to have the biggest opening
industry
The Pentagon recently announced the winners of its rocket launch contract sweepstakes, with Jeff Bezos’ Blue Origin securing a spot for the first time. This marks a significant milestone for Blue Origin, as it is now part of the contracts awarded under the Pentagon’s $5.6 billion National Security Space Launch program. Alongside Blue Origin, Elon
The recent liquidation of China Evergrande Group has sent shockwaves through the financial world. Once the largest property developer in China, Evergrande’s failure to deliver a restructuring plan for its $23 billion worth of offshore debt led to a court-ordered liquidation in January. As part of the liquidation process, lawyers appointed by the liquidators are
In a time where corporate expenses seem to be spiraling out of control, one startup is aiming to revolutionize the way companies manage and monitor employee spending. CleverCards, a Dublin-based firm, recently secured an impressive 8 million euros in funding from investors, despite the financial technology industry facing a period of reduced investment. A 2016
As central bank decisions in Britain, Switzerland, and Norway loom, the global rate cutting trend is expected to slow down, signaling a potential shift in monetary policy. The Bank of England is unlikely to cut rates before July 4th, shattering hopes for an immediate rate cut. Market expectations point towards easing in the near future,
Elon Musk, the visionary CEO of Tesla, made bold claims at the 2024 annual shareholder meeting about the potential impact of Optimus humanoid robots on the future of the company. Despite his track record of ambitious promises, Musk’s vision for the future of Tesla is centered around advancements in robotics, artificial intelligence, and autonomous driving.
The financial technology industry has undergone a significant transformation in recent years, with many industry executives and investors believing that the sector has finally reached a “bottom.” During the Money20/20 event in Amsterdam, executives shared their views with CNBC on how valuations have adjusted from unsustainable highs in the industry’s peak years of 2020 and
The recent announcement by the European Union to impose higher tariffs of up to 38% on Chinese electric vehicles (EVs) has created a ripple effect in the market. Following this news, shares of Chinese EV makers experienced a surge in value, with Hong Kong’s Hang Seng index seeing a notable increase of 1.23% at the
The decision by the European Union to impose additional tariffs on Chinese electric vehicles has sparked backlash from China and various stakeholders involved in the dispute. Chinese state news agency Xinhua expressed hope that the EU would reconsider its tariffs and avoid hindering competition in the auto industry. The opposition from China and others emphasizes
Elon Musk announced on social media that Tesla shareholders were voting to approve a $56 billion pay package for him, and also to move the legal home of the electric vehicle maker to Texas. The voting results indicated wide margins in favor of both proposals. Shareholders are considering ratifying Musk’s 2018 incentive package, which was
Oracle, a leading software maker, saw its shares spike by more than 12% to reach an all-time high following the announcement of cloud deals with Google and OpenAI. The database management company revealed plans to bring its database to Google’s cloud in November, as well as partnering with Microsoft and OpenAI to provide supplemental computing
After a whirlwind couple of weeks in the industry, Rob Westerling is making a return to Harkins Theatres as its VP of Content & Programming in Scottsdale, AZ. This move comes on the heels of his short-lived stint as the SVP of U.S. Content at Regal Cinemas, a position he left after just two weeks.
The news that Major League Eating (MLE) has decided to part ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest has shocked many fans. This decision came after Chestnut chose to represent a rival brand that sells plant-based hot dogs, leading to the termination of
Recent reports suggest that the United States is considering further tightening restrictions on China’s access to chip technology crucial for the advancement of artificial intelligence. Specifically, the Biden administration may target the high-tech chip architecture known as gate all-around (GAA), which offers improved performance and lower power consumption. While this move could have significant implications