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As Warren Buffett prepares to kick off Berkshire Hathaway’s annual shareholder meeting, the absence of his longtime partner, Charlie Munger, looms large. Munger’s recent passing has left a void that will undoubtedly be felt by the thousands of shareholders who attend the event, which has been described as “Woodstock for Capitalists.” The meeting, which will
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Universal’s recent release, “The Fall Guy,” starring Ryan Gosling and Emily Blunt, had a lackluster start at the box office, pulling in $3.15M from early showings and Wednesday advance screenings. The movie is projected to make around $35M-$40M over its opening weekend. This sluggish start can be attributed to delays in the production of feature
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In the realm of blockbuster movies, the importance of a theatrical release cannot be overstated. Despite the rise of streaming platforms and the convenience they offer, studios have come to realize that there is nothing more profitable than a traditional theatrical release and the downstream revenue streams that follow. This realization has been especially prominent
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In a time where studios were experimenting with different release strategies due to the Covid-19 pandemic, Universal took a gamble on Christopher Nolan’s World War II-set film, Oppenheimer. Despite initial skepticism about the movie’s potential, Universal decided to invest $100 million in the production. The decision to open Oppenheimer in theaters rather than opt for
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Hotel giant Marriott International (NASDAQ:MAR) has recently increased its annual adjusted profit forecast following a mixed performance in the first quarter. Despite weakening trends in North America, Marriott is relying on the surge in international travel demand to drive its full-year profit. The company anticipates a significant boost in revenue per available room (RevPAR) from
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The impact of higher-for-longer U.S. interest rates was felt across Asian stock markets on Wednesday, with Japanese and Australian stocks leading the losses. This negative sentiment was fueled by fears of prolonged U.S. interest rate hikes, as investors awaited the conclusion of a Federal Reserve meeting later in the day. Japanese Stock Market Performance Japan’s
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Australia’s major banks are anticipated to report weaker first-half profits as operating costs remain high and competition for mortgage and deposit sales intensifies. This has led to a reduction in margins, putting a strain on overall profitability. Although historically, rising interest rates have been beneficial for the Big Four banks, the current scenario has forced
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Amazon recently reported its first-quarter earnings, surpassing expectations with both its earnings per share and revenue figures. The company’s revenue of $143.3 billion exceeded the forecasted $142.5 billion, while its earnings per share of 98 cents outperformed the expected 83 cents. The stock market reacted positively to the news, with Amazon’s stock price rising during
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