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☆ 'The Super Mario Bros. Movie' is set for a big opening weekend — despite bad reviews
  + stars: | 2023-04-05 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +6 min
In this article 7974.T-JP Follow your favorite stocks CREATE FREE ACCOUNTChris Pratt and Charlie Day voice Mario and Luigi in Universal and Illumination's "The Super Mario Bros. Universal"The Super Mario Bros. Movie" isn't looking like a smash with the critics. And box office analysts don't foresee poor critical reviews deterring moviegoers, particularly families, from venturing to the cinema to see "The Super Mario Bros. Jack Black voices the villainous Bowser in Universal and Illumination's "The Super Mario Bros. Movie" UniversalRadheyan Simonpillai, Globe and MailLong before critics sat down to watch "Super Mario Bros.," there was a big question about the film's top-billed voice actor — Chris Pratt. "I wonder whether the filmmakers were too timid to draw outside the lines with this copyright protected material, lest they end up with something like the disastrous live-action 1993 movie, 'Super Mario Bros.,'" he said.
☆ Analysis: Russia's arrest of reporter deepens Biden's detainee challenge
  + stars: | 2023-04-03 | by ( Simon Lewis | ) www.reuters.com   time to read: +7 min
[1/4] Reporter for U.S. newspaper The Wall Street Journal Evan Gershkovich, detained on suspicion of espionage, leaves a court building in Moscow, Russia March 30, 2023. State Department spokesperson Vedant Patel said in a news briefing on Thursday the Whelan and Gershkovich cases should not be compared. Russia's security service has, without providing evidence, accused Gershkovich of gathering information classified as a state secret about a military factory. Biden on Friday called on Russia to release Gershkovich. The Biden administration has secured the release of at least 25 "wrongfully detained" Americans.
☆ Saudi money is flowing to US media and entertainment, from Live Nation to LIV Golf, 5 years after Jamal Khashoggi's murder: 'The ice has thawed'
  + stars: | 2023-04-03 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +20 min
Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Insider identified some key people connecting Middle East investors with American companies. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Vince McMahon's WWE has a long-term partnership with the Kingdom of Saudi Arabia, with a major live WWE event there slated for May. Vince McMahon's WWE was one of the first US companies to create unique events in Saudi Arabia.
☆ There's resiliency in the desire for people to travel, says Booking Holdings CEO
  + stars: | 2023-04-03 | 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 EmailThere's resiliency in the desire for people to travel, says Booking Holdings CEOGlenn Fogel, Booking Holdings CEO joins 'Squawk on the Street' to discuss his thoughts on the future of the company.
☆ Saudi money is pouring into Hollywood and media, 5 years after the murder of Jamal Khashoggi. Here's who's cashing in and how.
  + stars: | 2023-03-15 | by ( Claire Atkinson | Lucia Moses | ) www.businessinsider.com   time to read: +13 min
Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment. Saudi Arabia is trying to pitch itself to the world as a cultural and economic reformer and spur tourism. Even those media players that are comfortable with invetment from the Middle East may not find funds flowing, one Hollywood veteran said. A major live WWE event in Saudi Arabia is slated for May. Of the growing ties between US entertainment and media and Middle East investors, this person added, "Presumably media organizations got into this to help society make better decisions."
☆ All-weather stocks that can outperform in any economic 'landing,' according to Evercore ISI
  + stars: | 2023-03-06 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
As investors weigh the possibility of a U.S. recession or a soft landing, there are certain stocks that should outperform in either scenario, according to Evercore ISI. However, Evercore ISI is among those on Wall Street that have a base-case scenario of a recession in the second half of the year. The other is what he calls " valmentum stocks " — value stocks with momentum — that have high free-cash-flow yield and strong earnings-per-share momentum, he added. Booking Holdings is one of Evercore ISI's valmentum stocks and could rally about 15% from Friday's close, according to the firm's price target of $3,000. Wynn is up more than 40% year to date, while Las Vegas Sands stock has gained more than 26%.
☆ Booking Holdings CEO Glenn Fogel: Hotel pricing is high, but consumers aren't trading down
  + stars: | 2023-02-24 | 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 EmailBooking Holdings CEO Glenn Fogel: Hotel pricing is high, but consumers aren't trading downBooking Holdings CEO Glenn Fogel joins 'Squawk Box' to discuss how long the post-pandemic travel boom continues, what he is seeing from hotel pricing, and more.
☆ U.S. travel companies experience high demand but economic worries cloud outlook
  + stars: | 2023-02-24 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +3 min
NEW YORK, Feb 24 (Reuters) - Fears of recession and the impact of inflation on consumer budgets could curb a rebound in travel demand reported by U.S. travel companies in the fourth quarter, although bookings are holding up so far this year, analysts said. U.S. travel spending in December 2022 totaled $97 billion, 3% above 2019 levels and 7% above 2021 levels, according to the U.S. Travel Association. The demand contrasts with declining home improvement sales and other discretionary purchases that have hurt furniture stores and retailers like Home Depot. International travel spurred demand growth for Airbnb and Marriott International Inc (MAR.O) in the fourth quarter. Group bookings are still down 15% compared to pre-pandemic levels, while headwinds in several industries continue to affect business travel, said Truist's Scholes.
☆ Booking Holdings says quarterly revenue up 36% on strong travel demand
  + stars: | 2023-02-23 | by ( Doyinsola Oladipo | ) www.reuters.com   time to read: +1 min
NEW YORK, Feb 23 (Reuters) - Online travel agency Booking Holdings Inc (BKNG.O) reported a 36% year-over-year increase in fourth-quarter revenue on Thursday, aided by sustained travel demand. The Booking.com and KAYAK operator's revenue rose to $4 billion for the quarter, exceeding Wall Street's estimates for $3.89 billion in revenue, according to Refinitiv data. Gross bookings for the quarter rose 44% from the year-ago period to $27.3 billion, the company said. Booking Holdings said gross travel bookings for fiscal year 2022 increased 58% to $121.3 billion. Other U.S. travel companies including Booking's peer, vacation rental Airbnb Inc (ABNB.O), also reported strong fourth quarter results on sustained travel demand, despite economic concerns.
☆ Airlines are trying hard as they can to get things back: Booking Holdings CEO
  + stars: | 2022-12-29 | 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 EmailAirlines are trying hard as they can to get things back: Booking Holdings CEOBooking Holdings CEO Glenn Fogel joins CNBC’s ‘Squawk on the Street’ to discuss the recent massive flight cancellations' impact on the travel industry. Southwest Airlines canceled more than 2,500 flights on Wednesday, causing enormous outrage from travelers.
☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
  + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com   time to read: +8 min
The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.
☆ Putin was 'calculated' when he chose to send Brittney Griner back to the US while 'leaving others in custody in Russia,' Rep. Adam Schiff says
  + stars: | 2022-12-11 | by ( Katie Balevic | ) www.businessinsider.com   time to read: +2 min
Rep. Adam Schiff said Russia's Vladimir Putin made a "calculated" choice to only swap Brittney Griner. Other Americans, like Paul Whelan, remain in Russian custody despite efforts to get them home. Putin made a one-for-one swap for arms dealer Viktor Bout to "roil the American" people, Schiff said. Paul Whelan and Marc Fogel remain held in Russia. And I'm so impressed with both the Whelan and Fogel families for their gratitude that one American is free," Schiff said.
☆ Biden chose humanity over geopolitics with Griner release
  + stars: | 2022-12-09 | by ( Stephen Collinson | ) edition.cnn.com   time to read: +10 min
But President Joe Biden’s decision to exchange WNBA star Brittney Griner for Viktor Bout goes beyond the exchange’s bottom line. And it prompted top Republicans to charge that he had prioritized a basketball superstar over an ex-marine who benefited from a vocal political pressure campaign on Biden. This adds another layer of complication for Biden as he seeks to get Whelan free, since it involves another government and would require German Chancellor Olaf Scholz to potentially agree to supersede his country’s own legal system. While Biden is being castigated by some political opponents in Washington for doing a bad deal, administration officials insisted that he got the best one on offer. It was a choice between bringing home one particular American, Brittney Griner, or bringing home none,” a senior administration official told reporters on Thursday.
☆ We're not seeing any travel demand pullback, says Booking Holdings CEO
  + stars: | 2022-11-09 | 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 not seeing any travel demand pullback, says Booking Holdings CEOBooking Holdings CEO Glenn Fogel joins 'Squawk on the Street' to discuss travel trends, airfare inflation, and more.
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