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☆ AMC's meme stock windfall may help it pay down a massive debt load
▼ + stars: | 2024-05-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

Cars drive near an AMC Theater in New York City on March 29, 2023. The stock, alongside GameStop , surged this week after "Roaring Kitty," the man who inspired the massive short squeeze of 2021, posted online for the first time in nearly three years. The return of Roaring Kitty, whose legal name is Keith Gill, has led AMC shares to more than double since Friday's close. The last time these retail investors rallied around AMC and its stock surged, the movie theater chain was able to avoid bankruptcy. While the acquisitions bolstered the size AMC's theater network, they also levered the company's balance sheet, Handler said.

Persons: Roaring Kitty, Keith Gill, Adam Aron, Eric Handler, Roth, Handler Organizations: AMC, GameStop Locations: New York City

☆ 'Big leap of faith': This couple quit corporate life and turned an arty side hustle into a business
▼ + stars: | 2024-04-08 | by ( Lucy Handley | In | ) www.cnbc.com time to read: +1 min

They hoped to turn their side hustle into a full-time e-commerce art business. They set up their company, Abstract House, in 2016, and made around £125,000 in revenue in their first year. Eight years after the launch, they expect the company to make around £2 million ($2.52 million) this year. Including the couple, the business has 10 staff. And in 2020, they moved to a showroom, office and production space in west London where they could produce the artworks, store stock and pack orders for delivery.

Persons: Omar Obaid, Summer, Omar, Omar — Organizations: CNBC, The New York Times Locations: London

☆ The genius Roman creations that still amaze us today
▼ + stars: | 2024-03-23 | by ( Guy Kesteven | ) edition.cnn.com time to read: +13 min

That’s because Roman passions for outrageous, oversized architecture went hand in hand with detailed record-keeping and relentless imperial PR. We should warn you that the lines to get in now are likely even longer than the Roman ones though. While it was forgotten for over 1,000 years, this UNESCO World Heritage site now gets over 2,500,000 visitors a year. Mahmud Turkia/AFP/Getty ImagesWhat: Spectacularly preserved Roman portWhere: Libyan coastWhoa: Seeing is still not believingThe undoubted winner of the “most incredible Roman site you’ve never heard of” award is Lepcis Magna. That’s made this dramatic structure a designated UNESCO World Heritage site and well worth a visit on any Roman road trip across Europe.

Persons: Genghis, Marco Cantile, Volcanically, Pliny, hadn’t, That’s, Pont du, Pont, it’s, Mahmud Turkia, you’ve, Magna, Septimus Severus, “, Emperor Augustus, Tiberius, Domitian, Nero, Maximus, Don’t, Augustus, Vindolanda, Hadrian, Antonine, Aphrodisia, Caracalla, Caracalla aren’t, Diocletian, Guy Kesteven, Sarah, Freya Organizations: CNN, Scottish Borders, UNESCO, Heritage, Lepcis Magna, Getty, Coliseum, YouTube, Royal Holloway University Locations: Rome, Africa, Scottish, Italy, Herculaneum, Naples, Mount, Gardon, France, AFP, Libyan, Libya, Palatine Hill, Trier, Germany, Europe, England, Roman, Scotland, Anatolia, Turkey, Aphrodisia, Caracalla

☆ Cinema-goers shocked as rats gnawed on popcorn around them, say reports
▼ + stars: | 2024-02-18 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +1 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Cinema-goers setting out to watch "The Color Purple" at a theater in England were alarmed to find rats roaming freely in the auditorium and gnawing on dropped popcorn, KentOnline reports. Bermingham described seeing "lots" of rats crawling around, even inside the cup holders. This story is available exclusively to Business Insider subscribers.

Persons: —, Claire Bermingham, Bermingham, KentOnline Organizations: Service, Odeon Luxe, Business Locations: England, Maidstone , Kent

☆ Dubai penthouse sells for record $136 million
▼ + stars: | 2023-12-05 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

CNN —A five-bedroom penthouse covering almost 22,000 square feet has sold in Dubai for 500 million UAE dirhams — just over $136 million — setting a new record for one of the world’s busiest luxury real estate markets. Record salesThe previous record for a penthouse sale in Dubai dates back just a few months, when an apartment occupying the top floor of the Marsa Al Arab Hotel sold for 420 million UAE dirhams (about $114 million). According to Provident Estate, the penthouse at Como Residences is the third most expensive in the world, after Penthouse D at One Hyde Park in London, priced at $237 million, and the Odeon Tower Penthouse in Monaco, priced at $440 million. Shutterstock Palm Jumeirah also boasts the first monorail in the Middle East, which opened in April 2009, and connects the Palm to Dubai's mainland. But when it comes to the asking price for a penthouse, the view is one of the key drivers.

Persons: CNN —, Nahkeel, Karim Sahib, Giuseppe Cacace, Shutterstock, Kamran Jebreili, ”, Chris Boswell, he’s, ” Boswell, “, it’s Organizations: CNN, UAE dirhams —, Jumeirah, Provident Estate, Marsa Al Arab, UAE, Como Residences, Penthouse, Dubai Marina, Getty, Burj Locations: Dubai, Como, Marsa, Hyde, London, Monaco, Burj Al Arab, Burj, Eastern Europe, Dubai's, Nakheel, AFP, Karim, Burj Al, United States, Italy, France

☆ Who is Patrick Clark? The 'pioneer of the American bistro' who broke barriers for Black chefs
▼ + stars: | 2023-11-29 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +7 min

In 1994, he became the first Black chef to win the James Beard Foundation's Best Chef Award. The famed chef touched on his ideology during a 1994 interview shared on YouTube by the African American Chefs Hall of Fame. Patrick's remarks weren't a knock against Black American cuisine. Instead, it was an unapologetic declaration that Black chefs can't — and won't — be pigeonholed. Black chefs at that time were fighting stereotypes that they could only excel at making soul food.

Persons: Patrick Clark's, James Beard Foundation's, Patrick, —, Patrick Clark, collard, weren't, Netflix Patrick, Preston, reminisced, Stephen Satterfield, Melvin, Idella Clark, Patrick's, Michel Guerard, Michel Guérard, Guérard, Gregory Hines, Ron Galella, Keith McNally, Odeon's, Bill Clinton, Brooks Kraft, Hilary Clinton, Hay, Patrick cinched, James Beard, Danielle Reed Rivera, WaPo Organizations: Service, YouTube, African American Chefs Hall of Fame, Adams, Black, Netflix, African American Chefs Hall, Fame's, New York City Technical College —, Great Britain's Bournemouth Technical College, New York Times, Time, American Chefs Hall, Fame, Odeon, Cafe, Metro, White, Getty, White House, Washington Post, James, Columbia, Presbyterian Medical Center Locations: Hay, Washington , DC, New York City, Europe, Brooklyn , New York, New York, Great, Braganza, London, France, AFP, Britain, Cafe Luxembourg, Beverly Hills, Washington, East Coast, DC

☆ 'Taylor Swift: The Eras Tour’ concert film set for global theatrical release
▼ + stars: | 2023-09-26 | by ( Stefan Sykes | ) www.cnbc.com time to read: +2 min

Taylor Swift performs onstage during her The Eras Tour concert at Lumen Field in Seattle, Washington, on July 22, 2023. Taylor Swift's highly anticipated concert film is getting a global release. "Been so excited to tell you all that The Eras Tour concert film is now officially coming to theaters WORLDWIDE on Oct 13!" "Taylor Swift: The Eras Tour" is set to screen in more than 100 countries, starting in most of them on Oct 13. Swift's successful foray into film comes after her The Eras Tour, along with other concert tours, filled stadiums across the country, boosting local economies.

Persons: Taylor Swift, Lumen, Taylor Swift's, Swift, Barbie, Mario, — CNBC's Sarah Whitten Organizations: AMC Entertainment, Odeon Cinemas, AMC, American, Mario Bros Locations: Seattle , Washington, U.S, Canada, Mexico, North America, Europe

☆ With the economy holding up, why is the market still so down on America's banks?
▼ + stars: | 2023-09-10 | by ( Tim Mullaney | ) www.cnbc.com time to read: +7 min

Regional bank stocks, in particular, gained as much as 35% before the bond warnings and downgrades began. The higher interest rates bond analysts cited hurt profits some, but most banks' net interest income and margins were higher than a year before. The ratings actions pushed the regional bank stock index 10% lower for the month-long period ending Sept. 8, according to Morningstar (the Moody's bank warning was issued August 7). By any reckoning, the argument about banks is about two things: Interest rates and real estate, specifically office buildings. The average regional bank stock rose 8% after earnings, Morgan Stanley said, with banks beating profit forecasts by an average of 5%.

Persons: Morningstar —, downgrades, Morgan Stanley, Jill Cetina, Cetina, Banks, Goldman Sachs, Jan Hatzius, Scott Rechler, Jeff Greene, Alexander Yokum, Dick Bove, Bove, Yokum Organizations: First, JPMorgan, Bloomberg, Getty, Moody's Investors Service, Poor's, Fitch, Morningstar, Federal Reserve, Fedwatch, RXR, Research, Odeon Capital Locations: First Republic, Regional, Moody's, U.S

☆ 'Oppenheimer' leaves out New Mexicans exposed to radiation from the Manhattan Project, despite local efforts to contact filmmakers
▼ + stars: | 2023-07-25 | by ( Morgan Mcfall-Johnsen | Jenny Mcgrath | ) www.businessinsider.com time to read: +10 min

The Manhattan Project displaced some New Mexicans and employed others at Los Alamos in the 1940s. Christopher Nolan's new film "Oppenheimer" leaves out these lasting, local impacts. The Manhattan Project displaced some New Mexicans, employed others, and irradiated potentially thousands. Her grandfather was the physicist Enrico Fermi, who worked on the Manhattan Project and is played by Danny Deferrari in the film. The Oppenheimer character briefly mentions people living in the area when he proposes it as the site for the Manhattan Project.

Persons: Christopher Nolan's, Oppenheimer, J, Robert Oppenheimer, Tina Cordova's, Cordova, Robert Alexander, me, Christopher Nolan, Wiktor, Getty Images Cordova, Olivia Fermi, Kai Bird, Fermi, Cordova's, Enrico Fermi, Danny Deferrari, It's, Los, Rosario Martinez Fiorillo, Nolan, Elizabeth, Alvin Graves, Elizabeth Graves, Alex Wellerstein, Geiger, Bob Bell, Matt McClain, Graves, Nobody, Leslie Groves, Wellerstein, Cillian Murphy Organizations: Manhattan Project, Service, New, New Mexico History, Pixar, Odeon Luxe, Anadolu Agency, Getty Images, Manhattan, Los Alamos Ranch, Trinity, San, El Rancho, Trinity Test, Stevens Institute of Technology, Washington, Getty, National Park Service, Los Alamos, Alamogordo, Base, Associated Press, Army, Pictures, NPS Locations: Los Alamos, Wall, Silicon, New Mexico, Tularosa, Trinity, Santa Fe, California, London, Vancouver, Alamogordo , New Mexico, San Ildefonso Pueblo, El, Carrizozo , New Mexico, Amarillo , Texas, Silver City , New Mexico, Cordova, Los

☆ ‘Oppenheimer’ cast walks out of UK premiere ahead of SAG strike
▼ + stars: | 2023-07-13 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —The cast of director Christopher Nolan’s hotly anticipated war-era drama “Oppenheimer” is standing united in the effort to support the SAG-AFTRA strike. Stars of the film appeared on the red carpet of the film’s UK premiere on Thursday before the strike was officially announced, but they ended up walking out of the event “to write their picket signs,” according to Nolan. Addressing the audience inside the Odeon Luxe Leicester Square theater before the screening began, as seen in videos posted to social media, Nolan acknowledged the work of Cillian Murphy, Emily Blunt, Matt Damon, Florence Pugh and Robert Downey Jr., among other “Oppenheimer” cast members. The strike is set to go into effect at midnight PT Thursday night. “Oppenheimer” is scheduled to premiere in theaters on July 21.

Persons: Christopher Nolan’s, “ Oppenheimer ”, Nolan, Cillian Murphy, Emily Blunt, Matt Damon, Florence Pugh, Robert Downey Jr, “, you’ve, ” Nolan, Oppenheimer, Blunt, we’ll, ” Blunt, ’, Fran Drescher Organizations: CNN, SAG, Odeon Luxe, Square, Guild of America, American Federation of Television, Radio Artists Locations: Los Angeles

☆ Stocks making the biggest moves midday: Virgin Galactic, iRobot, Cava, SoFi and more
▼ + stars: | 2023-06-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

iRobot — The stock surged 19% after U.K. regulators approved Amazon's $1.7 billion acquisition of the Roomba vacuum cleaner maker. Cava Group — Cava Group shares dropped 15% during trading Friday, giving back some of its gains from its massive debut Thursday on the New York Stock Exchange. SoFi Technologies — The financial technology stock dropped more than 8% after both Bank of America and Piper Sandler downgraded it to neutral from buy, citing SoFi's recent run higher. Micron Technology — Shares dipped 1.5% after Micron Technology said a China chip ban could hurt the company. Truist Financial — Shares fell 1.6% after Odeon Capital Group downgraded Truist Financial to hold from buy, according to FactSet.

Persons: Richard Branson, iRobot, Piper Sandler, Refinitiv, Morgan Stanley, Joseph Moore, — CNBC's Michelle Fox, Alex Harring, Yun Li Organizations: Virgin Galactic —, West Pharmaceutical Services, Bank of America, — Cava, New York Stock Exchange, Technologies, Adobe, Nvidia, Devices, Micron Technology, U.S . Securities, Exchange Commission, — Humana, Odeon Capital Locations: China

☆ Here are the 2 very different execs in contention to be CEO of Morgan Stanley
▼ + stars: | 2023-05-19 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

James Gorman announced that he will step down as Morgan Stanley CEO in the next year. The three executives in contention are co-presidents Ted Pick and Andy Saperstein, as well as Dan Simkowitz, head of investment management at Morgan Stanley. Morgan Stanley declined to comment. But the long-time Morgan Stanley executives have distinct leadership styles and backgrounds. Do you work for Morgan Stanley?

☆ JPMorgan could be the banking sector’s biggest hero — or biggest risk
▼ + stars: | 2023-05-03 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

And as the bank swells in size, so does the potential risk it poses to the nation’s financial system. Some experts say they’re concerned that JPMorgan’s continued intervention during times of crisis has broader implications for the banking sector, the US financial system and its regulation. And with every failed bank that JPMorgan snaps up, the conundrum becomes clearer: JPMorgan is essentially the biggest risk to the financial system — and every time it expands to uphold the sector’s stability, so does its risk to the financial system. It has “that ability once again, to signal to the world that JPMorgan is a fortress, JPMorgan is the ultimate. But recent failures and the missteps that led to them indicate that deep flaws underline the financial system.

☆ Regional banks were 'naked when the storm hit them', says Odeon Capital's Dick Bove
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional banks were 'naked when the storm hit them', says Odeon Capital's Dick BoveNick Timiraos, Wall Street Journal chief economics correspondent, and Dick Bove, Odeon Capital Group chief financial strategist, join 'Last Call' to discuss the ongoing regional banking crisis, a possible sale from Pacific West Bancorp, and the Federal Reserve's 25 basis point rate hike.

☆ Watch CNBC's full interview with Odeon Capital Group's Dick Bove
▼ + stars: | 2023-05-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Odeon Capital Group's Dick BoveNick Timiraos, Wall Street Journal chief economics correspondent, and Dick Bove, Odeon Capital Group chief financial strategist, join CNBC's Leslie Picker and 'Last Call' to discuss the ongoing regional banking crisis, a possible sale from Pacific West Bancorp, and the Federal Reserve's 25 basis point rate hike.

☆ Jamie Dimon is riding to the rescue again. This time, he's poised to come out on top.
▼ + stars: | 2023-03-31 | by ( Carter Johnson | ) www.businessinsider.com time to read: +15 min

Why, then, has Dimon been so willing to swing back into action in the wake of Silicon Valley Bank's collapse? But it's starting to look like JPMorgan — and Dimon — will end up winners no matter how things turn out. In backstopping First Republic, JPMorgan helps a client and a bank that experts say would fit nicely into its business. By saving First Republic, JPMorgan also stands to gain goodwill from Silicon Valley startups, which are customers of the smaller bank. The paper also reported that regulators asked Dimon, Bank of America, and other banks to buy Silicon Valley Bank and pay out depositors over the insured limit.

☆ Bank carnage rages on: President Biden calls for stricter regulation
▼ + stars: | 2023-03-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBank carnage rages on: President Biden calls for stricter regulationHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Herb Greenberg, Empire Financial Research; Richard Bove, Odeon Capital Group; Liz Hoffman, Semafor, join the show to discuss whether the bank crisis is over.

☆ We're in the middle of the banking crisis, says Odeon's Dick Bove
▼ + stars: | 2023-03-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in the middle of the banking crisis, says Odeon's Dick BoveDick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.

☆ First Republic just got a $30 billion lifeline from JPMorgan and other Wall Street giants. Here's why its problems aren't over.
▼ + stars: | 2023-03-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +5 min

JPMorgan and 10 other banks are depositing $30 billion in First Republic Bank. A white knight has arrived to First Republic Bank's rescue. A consortium of America's biggest banks including JPMorgan Chase, Morgan Stanley, and Goldman Sachs are depositing a collective $30 billion in First Republic. This $30 billion lifeline may not be enough to reassure investors and depositors, and it may be a stopgap measure before a sale. The $70 billion lifeline from JPMorgan announced on Sunday did little to quell investors' concerns, Dahiya noted.

☆ Dick Bove discusses Silicon Valley Bank's collapse
▼ + stars: | 2023-03-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSVB crisis: You can't understate the danger the American banking system is in, strategist saysDick Bove of Odeon Capital Group says the collapse of Silicon Valley Bank is a "massive crisis."

☆ Junk-Rated Companies Search for the Right Time to Tap Investors
▼ + stars: | 2022-10-16 | by ( Nina Trentmann | ) www.wsj.com time to read: +8 min

While there is limited pressure overall as many businesses refinanced in 2020 and 2021 when funding was cheaper and investor appetite stronger, high-yield companies with immediate financing needs have to find the right time to tap investors, corporate bankers say. Adding loans and revolving-credit facilities, speculative companies have maturities of around $1.47 trillion through 2027, ratings firm Moody’s Investors Service said last week. And the high-yield bond market isn’t closed, it has just become more expensive, bankers said. Movie theater chain AMC Entertainment Holdings Inc. on Friday said that its subsidiary Odeon Finco PLC priced a $400 million bond. Bankers said they have received few calls from triple C-rated companies in recent months looking for maturity extensions.

☆ Netflix is bringing the 'Knives Out' sequel to theaters a month before you'll be able to stream it
▼ + stars: | 2022-10-07 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

"Glass Onion: A Knives Out Mystery" is debuting in 600 US theaters a month before it's available on Netflix. AMC said that the film would feature at more than 200 of its US movie theaters, marking the first time it is playing a Netflix film theatrically. Daniel Craig in "Glass Onion: A Knives Out Mystery." A promotional shot for "Glass Onion: A Knives Out Mystery." "Knives Out" was released in 2019 and grossed $311 million at the box office internationally on a $40 million budget.

☆ Cinemas will screen the Queen's funeral. Here's what else is open on Monday
▼ + stars: | 2022-09-18 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +5 min

London (CNN Business) Much of Britain will come to a standstill on Monday for the funeral of Queen Elizabeth II . A company spokesperson told CNN Business that its venues would open on Monday "for communities to gather to mourn and reflect together on the life of the Queen." Travelodge, which has 78 budget hotels in London, said its staff were working "around the clock" in preparation for the Queen's funeral. Most major supermarkets — which normally remain open on public holidays for a reduced number of hours — are planning to close for the funeral. Apple AAPL confirmed to CNN Business that it would close all of its 39 stores in the country on Monday.

☆ Cinemas are screening the Queen's funeral. Here's what else is open on Monday
▼ + stars: | 2022-09-18 | by ( Anna Cooban | Cnn Business | ) edition.cnn.com time to read: +6 min

London (CNN Business) Much of Britain came to a standstill on Monday for the funeral of Queen Elizabeth II . A company spokesperson told CNN Business that its venues would open on Monday "for communities to gather to mourn and reflect together on the life of the Queen." Travelodge, which has 78 budget hotels in London, said its staff were working "around the clock" in preparation for the Queen's funeral. Most major supermarkets — which normally remain open on public holidays for a reduced number of hours — are planning to close for the funeral. Apple AAPL confirmed to CNN Business that it would close all of its 39 stores in the country on Monday.

☆ British business is grinding to a halt on Monday for the Queen's funeral, with most big chains closing
▼ + stars: | 2022-09-17 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Supermarkets, fast food chains, gas stations, and cinemas across Britain will close on Monday. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Gas stations operated by the supermarket chains will also close, with some reopening after 5pm. KFC will also close many of its restaurants until after the funeral has taken place, it said on its website. The British Retail Consortium has published a list of chains not opening on Monday here.

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