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☆ Summer box office bounced back thanks to 'Inside Out 2,' 'Deadpool & Wolverine'
▼ + stars: | 2024-09-04 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

Thanks to some anthropomorphic emotions and a bad-mouthed, fourth-wall breaking antihero, the domestic summer box office scraped together $3.6 billion in ticket sales. Box office analysts and cinema owners braced themselves a few months ago for the possibility that the summer movie season could be the worst showing in a decade. But it wasn't until mid-June that the box office got a proper surge of moviegoers. Through Labor Day, the film was the highest-grossing summer movie with $650 million in box office receipts. Box office analysts foresee the summer's momentum carrying over into the fall, ultimately bolstering the overall third-quarter box office results.

Persons: Paul Dergarabedian, it's, Guy, George Miller's, Max, Disney's, Dergarabedian, Romulus, Eric Handler, Roth MKM, Shawn Robbins Organizations: Comscore, Labor, Marvel, Disney, Marvel Studios, Warner Bros, Deadpool, Universal, Fathom, Comcast, CNBC Locations: Kingdom, NBCUniversal

☆ EA college football is back after over a decade. The game and its fans are a lot different now
▼ + stars: | 2024-07-20 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

Courtesy: EA SportsThe 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. A new eraThe college football game, previously titled NCAA Football, was typically a smaller product for EA, at least compared to titles like Madden. Beyond the gameplay, the changes to the video game also reflect some massive shifts in college football itself, including the advent of the College Football Playoff. A decade ago, college football players had strict restrictions around making money outside of their scholarship. EA Sports College Football 25.

Persons: they've, Anthony Bencomo, Bencomo, Bill Long, Long, Eric Handler, Roth, Madden, Lucas Dolengowski, Dolengowski, Sports Bencomo, I've adulted Organizations: EA, EA Sports College Football, Electronic, XBox, PlayStation, Football, eBay, Sports, College Football, Sports What's Locations: Orlando, Sacramento, Madison , Alabama

Deutsche Bank maintained a hold rating on Nvidia ahead of earnings next week, while Wells Fargo raised its price target. The firm downgraded shares to neutral from buy while lowering its price target to $35 from $55. He has a $850 price target on shares, indicating shares pulling back nearly 6% from Monday's close. The analyst raised his price target on the stock to $1,150 from $974, implying upside of more than 27%. He also raised his price target to $78 from $68, implying upside of 19% from Monday's close.

Persons: Wells Fargo, Roth, Roblox, Eric Handler, Handler, — Hakyung Kim, Tesla's, Elon Musk's, Tesla, Dan Levy, Levy, Hakyung Kim, Jefferies, Boston Beer, Samuel Adams, seltzer, Kaumil, Boston Beers, Seltzer, Gajrawala, Ross Seymore, NVDAs, Seymour, Wells Fargo's Aaron Rakers, Rahul Krotthapalli, Krotthapalli, Fred Imbert Organizations: CNBC, Nvidia, Deutsche Bank, JPMorgan, Roth Capital Partners, Barclays, Jefferies, Boston Beer, Boston, Deutsche, Fitness Locations: Monday's, Boston

☆ 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

☆ These are the top business-development execs competing to hire elite portfolio managers at hedge fund giants Citadel, Millennium, Point72, and more
▼ + stars: | 2024-05-08 | by ( Alex Morrell | ) www.businessinsider.com time to read: +34 min

Unlike business development in corporate America, which focuses on growing a company's prospects with partners and clients, hedge fund BD teams specialize in scouting, evaluating, and wooing investment talent. AdvertisementFew have been involved in hedge fund BD longer than Jennifer Blake, Balyasny's global head. The fund's BD department remains in close contact with PMs after they join as a resource and advisor. Vernon Yuen/Getty Images$61 billion AUM2,200+ employeesAdvertisementKen Griffin's Citadel has outperformed not just its immediate rivals but every other hedge fund. He runs a team of about 20 as head of business development in the Americas, the largest region of the largest player in this space.

Persons: —, Griffin's, Izzy Englander's, Goldman Sachs, Headcount, execs, Dmitry Balyasny, Brendan McDermid, Jennifer Blake, Balyasny's, Morgan Stanley, Dmitri Balyasny's, Blake, it's, Federico Chavarria, Balyasny, Dave Matz, Smith Hanley, Alistair Jacobs, Dave Black, Peter Appel, Federico Chavarria MD, Andrew McHugh, Jules Biolsi, Michael Platt, he's, BlueCrest, Michael Grad, Grad, Jake Lindsay, Mungo Strachan, BlueCrest's, Brevan Howard Brevan Howard, Alan Howard, Ringo Chiu, Brevan Howard, Alan Howard's, Aran Landy, Brevan, Abu, It's, Landy, Howard, Peter Hornick, David Abbou, Jonathan Candy, Gregoire Vidal, Vidal, Tim Williams, Andy Silver, Gautam, Ken Griffin, Vernon Yuen, Ken Griffin's, Griffin, Matt Giannini, Giannini, headhunter, Matt, I've, — Thomas DeAngelis, Lindsay Previdi, Rice, Dore, Eleanor Sharkey, Melinda Urban, Mark Hansen, Julian Ulmer, Mathur, Adam Sharkie, Michael Page, Eisler, Edward Eisler, Sam Wisnia, Chris Milner, Milner, Hilary Curran, Hilary Curran Global, Rebecca Zisser, Michael Gelband, Hornick, Jeff Gelband, Mike Tiano, Eric Han, Garrett Berg, Liu, APAC Blackstone, Euan Shand, Kevin Carroll, Emily, Needham, Ostendorf, Ben Levine, Stefan Renold, LMR, Marcus Fairhurst, He'd, LMR's, Izzy, Ronda, Singh, Mark Meskin, Justin Gmelich, Steve Keller, Benjamin Williams, Madhvani, Paritosh Singh, Ben Williams, Kristina Tully, Steven Cohen, Point72, Shayanne, Steve Cohen's, Harry Schwefel, Chandler, Steve Cohen, JT Shields, They're, Schwefel, Alyssa Friedman —, Chandler Bocklage, Reid Murphy, Jae Yang, Japan Goldman Sachs, Alyssa Friedman, Jackie Dai, Gabriel Sanders, Ajay, Steven Schonfeld, Michael Nagle, Steve Schonfeld's, Ryan Tolkin, Schonfeld, doesn't, Akshay Aggarwal, Alex Burns, Ryan McCort, Colin Lancaster, Mitesh, Sameer Buch, Brittany Lynch, DMFI, Goldman, Verition, Nicholas Maounis, Josh Goldstein, Brian Townes, Townes, Elizabeth Xiang MD, Vir, Steve Satenstein, Chris Svoboda, Will England, Thomas DeAngelis, DeAngelis, Jonathan Brenner, hasn't, Maureen Reed, John Sullivan, Brenner, Walleye's Organizations: Service, Management, Wall, Business, Balyasny, Balyasny Asset Management, Quadra Advisors, SAC, Macquarie, BD, UBS, Grad, Financial Times, Michael, Lascaux, Howard BD, Brevan, Argentum Advisors, BH Digital, McKinsey & Company, JPMorgan, Ken Griffin's Citadel, Citadel, Citadel's, decamping, Chicago, Citadel BD, Walleye Capital, of Surveyor, Millennium, Capital, Credit, Ashler, Rice, Deutsche Bank, LMR Partners, London, Dore Partnership, Soros, Soros Fund, Ronda Churchill, Bloomberg, Getty, Guggenheim, Industry, MLP, Americas Guggenheim, Americas Citadel, SAC Capital, SEC, Point72 Academy, Citigroup, BD Energi, Japan, EMEA, APAC BNP, Schonfeld, PAAMCO, KKR, DMC Partners, Topwater, LinkedIn, New, New Holland Capital, BD —, Walleye, Lehman Brothers, Hutchin, Putnam Investments, ~$ Locations: America, Asia, Balyasny, Blackstone, New Holland, Abu Dhabi, BlueCrest, Europe, Graticule, ExodusPoint, Hornick, Freestone, New York, Schonfeld, Brevan, he's, Aberdeen, Hong Kong, Zurich, Glasgow, Dubai, Americas, Point72, quant, Verition, London, Greenland, Minnesota, Citadel

☆ Summer box office bust? This season's movie slate could put up the lowest haul in decades
▼ + stars: | 2024-05-08 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

For the first time since 2009, the box office doesn't have a Marvel film to kick off the summer movie season — and it shows. This year, the headline film for the first summer weekend was Universal's "The Fall Guy." The result could send the 2024 summer box office down as much as $800 million compared to 2023, according to Comscore's Paul Dergarabedian, and have ripple effects for the whole year. At present, analysts believe the summer movie season will exceed $3 billion in ticket sales, but just barely. Before Covid, the summer box office consistently topped more than $4 billion.

Persons: Guy, Ryan Gosling, Emily Blunt, Eric Handler, Roth MKM, bode, Comscore's Paul Dergarabedian, doesn't Organizations: Labor, Disney Marvel

☆ AGCO CEO Eric Hansotia: We're serving every farmer around the world, regardless of brand
▼ + stars: | 2024-04-25 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

AGCO CEO Eric Hansotia: We're serving every farmer around the world, regardless of brandAGCO CEO Eric Hansotia joins 'Mad Money' host Jim Cramer to talk the Ag Tech business, growth in the industry, its global business and more.

Persons: Eric Hansotia, Jim Cramer Organizations: Ag Tech

☆ Wall Street is watching for a $10 billion domestic box office in 2026. Disney could get it there
▼ + stars: | 2024-02-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn't expect ticket sales to top $10 billion domestically until 2026. The domestic box office has not hit that benchmark since 2019 before the Covid pandemic. When the box office does again surpass that threshold, Disney could be the driving force. After all, the first Avatar generated nearly $800 million at the domestic box office after its release in 2009. Therefore, where industry experts see gaps between major tent poles, there could be smaller-budgeted films that add incremental value to the overall box office.

Persons: it'll, Eric Handler, Roth, snared, Handler, Shawn Robbins, Robbins, Bob Iger, It's, Jonathan Majors, Taylor, it's Organizations: ANGELES, Star Wars, Disney, Marvel, Pixar, Disney Animation, Universal, Paramount, Warner Bros, Hollywood, Angel, AMC, Comcast, CNBC Locations: U.S, Canada, NBCUniversal

Pandemic school closures upended U.S. education. Many students lost significant ground, and the federal government invested billions to help them recover. Students Are Making a ‘Surprising’ Rebound From Pandemic Closures. The students most at risk are those in poor districts, whose test scores fell further during the pandemic. The analysis did not include Asian students, who represent 5 percent of public school students.

Persons: —, ”, Sean F, Reardon, Thomas J, Kane, Erin Fahle, Douglas O, “, Karyn Lewis, Ann Owens, Charlene Williams, Raymond Hart, Mark Sullivan, Bob Miller, Alberto M, Carvalho, ’ ”, Betsi Foster, Sullivan, Pascal Mubenga, Maria Ceja, Maria Ceja’s, Rosalina Rivera, Adam Perez, Margaret, George W, Bush, “ We’re, Eric Hanushek, Marguerite Roza Organizations: Stanford, Harvard, Educational, Dartmouth, “, Opportunity, Stanford University, Center for Education Policy Research, Harvard University, University of Southern, Schools, Oregon Department of Education, N.J ., N.J . Utah Pa, Ill, U.S, of, Great City Schools, The New York Times, Birmingham, Delano Union, Hoover Institution, Georgetown University — Locations: United States, Durham, N.C, Birmingham, Ala, Delano, Calif, University of Southern California, Massachusetts, Kentucky, Tennessee, Oregon, Wis, N.J, N.J . Utah, S.D . Ind . Ohio Va . Conn, Mississippi, Tenn, Miss, Kan, R.I . Ky, Mich, . Ark . Oregon, ., Forsyth, Atlanta, Rochester, Detroit, Lake Oswego, Ore, Portland, Chicago, Nashville, Philadelphia, Los Angeles, California, Weakley County, Nevada

☆ To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
▼ + stars: | 2024-01-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Since it came out on Jan. 12, the $36 million film has tallied $83 million globally, according to data from Comscore. Low-budget films are typically those that cost under $20 million — films from the horror genre often fall in this category, as well as some independent features. The annual box office those years reached $11.9 billion and $11.4 billion, respectively. Domestic wide releases by year 2017 — 107 wide releases2018 — 112 wide releases2019 — 112 wide releases2020 — 32 wide releases2021 — 67 wide releases2022 — 71 wide releases2023 — 95 wide releases * Wide releases are any films that debut in more than 2,000 locations. Source: ComscoreIn 2023, 95 films had wide releases, 15% fewer titles than pre-pandemic times, and the box office barely surpassed $9 billion.

Persons: Bebe Wood, Renee Rapp, Avantika, Eric Handler, Roth, Paul Dergarabedian, Demeter, — Organizations: Plastics, Paramount Paramount, Paramount, Wall Street, Street, Netflix, Disney, Universal, Warner Bros Locations: Comscore

☆ Media Matters: Elon Musk’s X sues media watchdog over report on pro-Nazi content on the social media site
▼ + stars: | 2023-11-20 | by ( Brian Fung | Clare Duffy | ) edition.cnn.com time to read: +6 min

The lawsuit filed Monday accuses Media Matters of distorting how likely it is for ads to appear beside extremist content on X, alleging that the group’s testing methodology was not representative of how real users experience the site. “Media Matters designed both these images and its resulting media strategy to drive advertisers from the platform and destroy X Corp.”The lawsuit simultaneously names Media Matters and Eric Hananoki, its senior investigative reporter, as defendants. It calls for a judicial order forcing Media Matters to remove its analysis from its website and accuses Media Matters of interfering with X’s contracts with advertisers, of disrupting their economic relationships and of unlawfully disparaging X. In a statement Monday evening, Media Matters President Angelo Carusone vowed to defend the group against the suit. “Media Matters stands behind its reporting and looks forward to winning in court.”On Monday evening, X CEO Linda Yaccarino chimed in defending the social media site.

Persons: Elon Musk, Eric Hananoki, Angelo Carusone, ” Carusone, ”, Linda Yaccarino chimed, I’m, ” Yaccarino, “, Ken Paxton, Musk, ” Musk, opportunistically, that’s, Steve Vladeck, Joan Donovan, ” Ken White, “ X, ” White, White, Mark Pittman, Donald Trump, Pittman, Joe Biden’s, Jon Passantino, Dan Berman Organizations: CNN, Media, “ Media, X Corp, Court, Northern, Northern District of, “, Whites, Disney, Paramount, Warner Bros, Northern District of Texas, University of Texas, Boston University, YouTube, of Columbia Locations: Northern District, Northern District of Texas, Texas, Los Angeles, California

☆ AGCO Corp to acquire $2 billion stake in Trimble unit to boost agri portfolio
▼ + stars: | 2023-09-28 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

People look at AGCO equipment as they attend National Farm Machinery show in Louisville, Kentucky, February 12, 2016. REUTERS/Meredith Davis/File Photo Acquire Licensing RightsSept 28 (Reuters) - AGCO Corp (AGCO.N) said on Thursday it would acquire an 85% stake in navigation products maker Trimble's (TRMB.O) agribusiness for $2.0 billion in cash as the tractor and seeding equipment firm seeks to boost its precision-agriculture portfolio. "This deal significantly enhances AGCO's technology stack with disruptive technologies that cover every aspect of the crop cycle," AGCO Chief Executive Eric Hansotia said. The precision-agriculture approach employs technology and the global positioning system to ensure that seeds, fertilizer and chemicals are used correctly. The stake's purchase price represents an implied enterprise value of about $2.35 billion for the business, AGCO said.

Persons: Meredith Davis, Eric Hansotia, Oppenheimer, Trimble, AGCO, Morgan Stanley, Kannaki, Vinay Dwivedi Organizations: Farm Machinery, REUTERS, AGCO, Thomson Locations: Louisville , Kentucky, Ukraine, Bengaluru

☆ AMC shares crater as investors brace for stock conversion
▼ + stars: | 2023-08-22 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

AMC Entertainment shares plummeted more than 20% on Tuesday, slipping to a new 52-week low of $2.46 per share, as investors brace for a stock conversion later this week. On Friday, the movie theater chain's preferred equity units, dubbed APE shares, are set to be transformed into common stock just one year after they began trading on the New York Stock Exchange. These preferred equity units are a workaround, of sorts, and free AMC up to sell additional units of stock after investors who feared dilution rejected the company's efforts to issue additional stock last year. AMC also is planning a 10-to-1 reverse stock split of its common stock on Thursday. Shares of the company have nearly halved since it was announced on Aug. 14 that the APE shares would be converted.

Persons: Eric Handler, Roth MKM Organizations: AMC Entertainment, New York Stock Exchange, AMC Locations: Delaware

☆ Hasbro sells off costly production studio, taking a page from Mattel's playbook
▼ + stars: | 2023-08-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Four years after acquiring Toronto-based production studio eOne, Hasbro is selling it off to Lionsgate. That price tag consists of $375 million in cash and the assumption of production financing loans. Without eOne, Hasbro will also return to licensing and partnerships with studios to fund entertainment projects for brands like Dungeons and Dragons, PlayDoh, Magic: The Gathering and Transformers. Hasbro acquired eOne in 2019 for $4 billion, a price tag that included coveted preschool brands like Peppa Pig and PJ Masks. Without eOne, Hasbro will continue to rely on partnerships with studios like Paramount for theatrical releases and television productions.

Persons: Drew Crum, Eric Handler, Roth MKM, Chris Cocks Organizations: Toronto, Hasbro, Lionsgate, eOne, Paramount Locations: Rhode

☆ AGCO CEO Eric Hansotia goes one-on-one with Jim Cramer
▼ + stars: | 2023-07-27 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAGCO CEO Eric Hansotia goes one-on-one with Jim CramerAGCO CEO Eric Hansotia sits down with 'Mad Money' host Jim Cramer to talk grain prices increasing due to the war on Ukraine and how it is a tailwind.

Persons: Eric Hansotia, Jim Cramer Locations: Ukraine

☆ The economic consequences for students during the pandemic 'could be far greater than those of the Great Recession'
▼ + stars: | 2023-06-20 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Student "learning loss," could prove to be more economically damaging than the Great Recession. School shutdowns hit Black and Hispanic students harder than White and Asian students. The federal government has given $190 billion to schools in the hopes of mitigating the impact. Districts with a high rate of students experiencing poverty have been worse off, ProPublica reported. The only way to solve this, according to a December 2022 Economic Policy Institute report is to increase pay for teachers and provide more support in classrooms.

Persons: shutdowns, —, ProPublica, Eric Hanushek, Hanushek, It's Organizations: Service, Stanford, Brookings Institute, Gross

☆ Jim Cramer sits down with AGCO CEO Eric Hansotia
▼ + stars: | 2023-05-19 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer sits down with AGCO CEO Eric Hansotia'Mad Money' host Jim Cramer sits down with AGCO CEO Eric Hansotia to discuss the cost of farming, demand in the space, and more.

☆ AGCO CEO Hansotia: even if the war in Ukraine ends it will be a while until the area can grow crops
▼ + stars: | 2023-05-19 | by ( Jim Cramer | ) 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 EmailAGCO CEO Hansotia: even if the war in Ukraine ends it will be a while until the area can grow crops'Mad Money' host Jim Cramer sits down with AGCO CEO Eric Hansotia to discuss the cost of farming, demand in the space, and more.

☆ Agco CEO says food inflation is here to stay, even if the war in Ukraine ends tomorrow
▼ + stars: | 2023-05-19 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CEO Eric Hansotia of agriculture-machinery manufacturer Agco told CNBC's Jim Cramer on Friday that elevated grain prices — and the high cost of food — will persist, even if Russia's invasion of Ukraine ended tomorrow. Both Russia and Ukraine serve as major global grain suppliers, with the latter often referred to as the "breadbasket of Europe," and so when the war broke out in February 2022 it sent the world's food supply chain into turmoil. Coupled with climate issues — namely droughts across Europe and North America — the food supply chain disaster spurred by the Russia's invasion is not likely to fade anytime soon, according to Hansotia. Despite grain supply chain issues, Agco — which sells big-ticket agriculture equipment like tractors and combines — recently reported a successful quarter. "The stocks-to use-ratio — essentially how much grain is in the market — has been coming down for six years in a row," Hansotia told Cramer.

☆ TikTok's head of U.S. trust and safety will leave the company
▼ + stars: | 2023-05-02 | by ( Sheila Dang | ) www.reuters.com time to read: +1 min

TikTok has long said that it has never shared data with the Chinese government and would not do so if asked. Han, who has been at TikTok since 2019, oversaw efforts like improving content moderation and reducing election misinformation. He ran trust and safety for the company's U.S. Data Security (USDS), a division that was created to store U.S. data in the country on servers controlled by Oracle, in an effort to appease security concerns. His upcoming departure also comes as TikTok is preparing to hold a presentation for advertisers in New York on Thursday. Reporting by Sheila Dang in New York; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.

☆ UFC merger beefs up WWE's leverage in media rights negotiations
▼ + stars: | 2023-04-03 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +4 min

Networks and streaming services need to get ready for a media rights smackdown. UFC should also benefit ahead of 2025, when its U.S. media rights deals come up, including with Disney's ESPN. "I think everything is up for grabs with these media rights deals. During his time with CAA, he had formed a relationship with McMahon during a recent round of TV rights negotiations for WWE. It will also work for UFC negotiations, he noted.

☆ Oil spills and near misses: more ghost tankers ship sanctioned fuel
▼ + stars: | 2023-03-23 | by ( Jonathan Saul | ) www.reuters.com time to read: +9 min

REUTERS/Ronen ZvulunSummary Risk of accidents in focus as 'shadow' fleet growsStirs fears of oil spills, decades after Exxon ValdezHundreds of ships carry oil from sanctioned nationsMany ship certifiers and insurers have pulled servicesLONDON, March 23 (Reuters) - An oil tanker runs aground off eastern China, leaking fuel into the water. Many leading certification providers and engine makers that approve seaworthiness and safety have withdrawn their services from ships carrying oil from sanctioned Iran, Russia and Venezuela, as have a host of insurers, meaning there's less oversight of vessels carrying the flammable cargoes. Reuters was unable to independently verify the numbers regarding the size and growth of the shadow fleet. The U.S. Treasury didn't immediately respond to a request for comment on ships carrying sanctioned oil. SHIP-TO-SHIP TRANSFERSAround 774 tankers out of 2,296 in the overall global crude oil fleet are 15 years old or more, according to data provider VesselsValue.

☆ Hasbro delays new Dungeons & Dragons licensing rules following fan backlash
▼ + stars: | 2023-01-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +10 min

CNBC obtained copies of Hasbro's reformed licensing agreements — open game license 1.1 and an FAQ section for OGL 2.0. Leaders in the Dungeons & Dragons community greeted the news of the delay with cautious optimism. The attempt to create a new game license comes as Wizards of the Coast looks capitalize on a surge in popularity of Dungeons & Dragons. Chaotic neutralThe reworking of Hasbro's open game license is not an unexpected move for the business, MKM's Handler said. There were growing concerns that the community would fracture if publishers were forced to move away from the Dungeons & Dragons game mechanics to develop their own gaming systems.

☆ AMC shares hit 52-week low as recent moves and gimmicks fail to win over investors
▼ + stars: | 2022-12-28 | by ( Sarah Whitten | ) www.cnbc.com time to read: +4 min

The AMC 25 Theatres in Times Square in New York is seen on Tuesday, July 8, 2014. Shares of AMC have fallen more than 85% so far this year, closing at $3.84 a share on Wednesday. Branded credit cards and a pay freeze for its CEO have done little to assuage AMC Entertainment shareholders' growing concerns, as the movie theater chain's stock hit a fresh 52-week low Wednesday. Antara will also exchange $100 million of AMC notes for 91 million APE units, which would reduce AMC's annual interest expense by about $10 million. "All it's saying right now is that the shares are still overvalued by quite a lot.

☆ As market volatility persists, Wall Street analysts say to sell these stocks
▼ + stars: | 2022-10-17 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Seven of the stocks — all part of the MSCI World Index — have analysts' price targets below their current share price, according to FactSet data. Equity analysts at investment banks and research firms rate stocks as sell or underweight if they believe the shares will perform poorly over the next 12 months. Analysts' median price target for AMC is 57.5% below the current share price, FactSet data shows. Wedbush Securities analyst Alicia Reese downgraded AMC from $4 to $2 but believes the company has long-term potential at her price target. Clorox Analysts' average price target on Clorox is just 1.4% below the current share price, but 11 out of 14 analysts covering the stock give it a sell or underweight rating.

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