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
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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
Broadway is currently experiencing a surge in ticket sales and attendance as the Tony Awards approach. The latest data shows that box office sales for the week ending June 9 were up 7% compared to the previous week. In total, the 35 shows on Broadway grossed an impressive $36,011,651. This marks a 16% increase over
After last week’s U.S. jobs report, JPMorgan noted that equities rallied despite rates resetting higher and cuts being pushed further out. The Labor Department revealed an increase in the U.S. unemployment rate to 4.0% for the first time since January 2022. Nonfarm payrolls also saw a significant increase by 272,000 jobs, hinting at the Federal
The United Auto Workers President, Shawn Fain, is currently under investigation by a federal court-appointed watchdog, Neil Barofsky. The investigation is focused on determining whether Fain misused his power as the union president. Additionally, union leaders, including Fain, are being accused of obstructing the investigation and impeding the watchdog’s access to crucial information. These actions
Recent reports have suggested that Cineworld, the parent company of Regal, is considering various options for its UK business. These options could include a potential sale or a restructuring of the company. It has been revealed that Cineworld has enlisted the help of AlixPartners, the same consultancy firm that assisted with their bankruptcy proceedings in
Moderna, a leading biotech company, announced on Monday that its combination vaccine targeting both Covid-19 and the flu has shown to be more effective than standalone shots for these viruses in a late-stage trial. This groundbreaking development has the potential to revolutionize the way we approach vaccination against respiratory viruses. The concept of combination vaccines
Apple is gearing up to unveil its latest advancements in artificial intelligence at the Apple Worldwide Developers Conference (WWDC) 2024. With a focus on integrating AI across its software suite, including a revamped Siri voice assistant and a potential partnership with OpenAI, Apple aims to demonstrate its commitment to innovation and staying ahead in the
The global stock market experienced a downturn on Monday as investors adjusted their expectations for Federal Reserve rate cuts following a strong U.S. labor market report. The optimism for significant rate cuts was diminished as the U.S. economy showcased robust job creation and wage growth in May. As a result, Asian stocks took a hit
Godzilla x Kong: The New Empire has taken the global box office by storm, becoming the highest grossing movie in the Legendary and Warner Bros Monsterverse franchise with $570M worldwide. This surpasses the previous Monsterverse champion, 2017’s Kong Skull Island, which earned $568.6M. The film has brought in $373.7M internationally and $196.3M domestically, solidifying its
Investors are eagerly watching the performance of off-price retailer Burlington Stores (BURL), as it continues to impress with its positive financial results. The first quarter of fiscal 2024 saw the company post upbeat numbers, leading to an increase in profit margin and earnings outlook for the full year. This positive news prompted Jefferies analyst Corey
After evaluating the recent upgrades and downgrades made by Wall Street analysts, one of the key takeaways is the double upgrade of Best Buy by Citi. The research team at Citi has raised their target price for Best Buy to $100, citing positive catalysts such as tech replacement cycles and margin execution. They believe that
As per Jefferies’ latest report, the expected expansion of EBIT margins for IT companies in FY25 may not be as promising as initially anticipated. While there is hope for a substantial improvement in Tech Mahindra, other IT firms may only see a modest rise in margins. The report points out several challenges that could hinder