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☆ AMC is poised to ride the box office rebound, as long as its debt doesn't get in the way
▼ + stars: | 2024-11-18 | by ( Sarah Whitten | ) www.cnbc.com time to read: +8 min

Leonardo Munoz | View Press | Corbis News | Getty ImagesThe domestic box office is on the rebound, having posted its highest third-quarter ticket sales since the pandemic. AMC operates around 900 theaters and 10,000 screens globally, a larger footprint than its chief rivals Cinemark and Regal. By the time the Covid pandemic shuttered theaters and shut down Hollywood, AMC was already $5 billion in the red. Despite the better-than-expected box office performance, AMC saw a 12% decline in attendance during the period. "They talked a lot about new investments and upgrading their theaters and expanding their premium screens, adding XL screens.

Persons: Leonardo Munoz, Cinemark, it's, Adam Aron, they're, Eric Wold, Riley, Oppenheimer, Hugh Jackman, Ryan Reynolds, Wold, King, Sony's, Hunter, Aron, Lars Niki, Alicia Reese, Reese isn't, Eric Handler Organizations: AMC, View Press, CNBC, Warner Bros, Disney, Disney AMC, Paramount, Dolby Cinemas, Getty, Roth Capital Markets Locations: New York City, Hollywood, North America, Europe, U.S, Saudi Arabia, New York, Los Angeles, fanbases

☆ Trump's lawyers say an accuser's sexual-assault testimony should have been tossed because the incident was aboard an airplane
▼ + stars: | 2024-09-06 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +10 min

Leeds' allegations weren't part of Carroll's accusations, but the trial judge allowed her testimony because they demonstrated what Carroll's lawyers argued was a pattern of behavior by Trump. "It's very hard to overturn a jury verdict for evidentiary grounds," he said. Sauer argued that Trump's case was "a textbook example" of a case wrongly propped up by propensity evidence rather than Trump's actual conduct. LEONARDO MUNOZ/AFP via Getty ImagesShe also jabbed at Habba's earlier claims that she might have some kind of conflict of interest with the trial judge, US District Judge Lewis Kaplan. Presidential immunity played a role in earlier court fights in the Carroll case.

Persons: —, Donald Trump, Jean Carroll, John Sauer, Jessica Leeds, Trump, Sauer, Denny Chin, Roberta Kaplan, Leeds, defaming Carroll, Alina Habba, Kaplan, Carroll, Todd Blanche, Emil Bove, Boris Epshteyn, Joshua Katz, CHARLY TRIBALLEAU, Getty Images Carroll, Bergdorf Goodman, Blanche, Bove —, Harvey Weinstein's, Susan Carney mused, Marci Hamilton, LEONARDO MUNOZ, Lewis Kaplan, Kamala Harris, Bove, Juan Merchan, she'd Organizations: Service, Republican, Business, Leeds, Circuit, Trump, Getty Images, US, University of Pennsylvania, Getty, Democratic Locations: Manhattan, Leeds, AFP, New York, Washington, DC, New, United States

☆ 10 rattiest cities in America in 2023, according to pest control experts
▼ + stars: | 2023-11-17 | by ( Maiya Focht | ) www.businessinsider.com time to read: +5 min

Orkin released their 2023 list of rattiest cities in America. Each year the pest control company Orkin ranks America's rattiest cities based on the number of new rat treatments, including residential and public, it performed there over the year. Orkin was so excited by this back-to-back winner that they released limited edition T-shirts emblazoned with the title "Top Rattiest City Chicago 2023". "We may soon be moving farther down the 'rattiest' city list," Johnson said. We're way outnumbered," Janelle Iaccino, marketing director for Rose Pest Control in Chicago, told Block Club.

Persons: Orkin, —, What's, Gerard Brown, Georgette Johnson, Johnson, Maiya, Amber Campbell, Brown, Robert Mecea, Leonardo Munoz, Janelle Iaccino Organizations: Service, City, Chicago, Chicago Los Angeles New, Chicago Los Angeles New York City Washington D.C, San Francisco Philadelphia Baltimore Denver Detroit, New, Washington DC, DC Health, Detroit, city's Department, Public, Denver Department of Public Health, Environment, Baruch, Block Club Chicago, WGN, Rose Pest, Block Locations: America, New York, United States, America's, Chicago Los, Chicago Los Angeles New York City, San Francisco, San Francisco Philadelphia Baltimore Denver Detroit Cleveland, Detroit, Denver, New York City, Cleveland, Los Angeles, Baltimore, Philadelphia, Chicago

☆ Some pharmacy staff from Walgreens, other chains are walking out again — here's what you need to know
▼ + stars: | 2023-10-29 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +11 min

The company's ongoing efforts are focused on how it can recruit, retain and reward pharmacy staff, the spokesperson said. CVS pharmacists make $61.44 an hour on average, while Walgreens pharmacists make $53.85 per hour on average, according to employment website Indeed. However, some Walgreens pharmacy staff told CNBC that the company continues to push their stores to hit performance goals for tasks like verifying prescriptions. IAM Healthcare did not immediately respond to a request for comment, while UFCW has expressed its support for the recent walkouts staged by Walgreens and CVS pharmacy staff. People make their way near a Walgreens pharmacy in New York City, March 9, 2023.

Persons: Brian Snyder, Shane Jerominski, walkouts, Stephanie Keith, I've, Irfan Khan, aren't, Jerominski, UFCW, Leonardo Munoz Organizations: Walgreens, Reuters, CNBC, CVS, Rite Aid, Kansas City, Bloomberg, Getty, Food and Drug Administration, Pfizer, CVS Pharmacy, Los Angeles Times, Kroger, IAM Healthcare, United Food, Commercial Workers International Union, Corbis Locations: Somerville , Massachusetts, Kansas City, Kansas, U.S, Massachusetts , Pennsylvania, California , Texas , Michigan , Missouri, Indiana, New York, Eagle Rock , CA, Canada, New York City

☆ Selling Alphabet shares after the tech giant missed on cloud numbers is shortsighted
▼ + stars: | 2023-10-24 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

GOOGL YTD mountain Alphabet YTD Bottom line Lower-than-expected operating income for the third quarter and a Google Cloud miss dragged Alphabet shares lower by more than 6% in after-hours trading. The Google Cloud performance was particularly disappointing given the strength we saw when Microsoft (MSFT) also reported its Azure numbers on Tuesday evening. Quarterly commentary Despite the topline outperformance, seen in the earnings table above, segment sales at Google Network, Google Cloud and Other Bets came up short. Operating income and quarterly operating margin were also short of expectations as total Traffic Acquisition Costs (TAC) were marginally above expectations. Expenses in Google Cloud and Other Bets were higher than expected, and the company took charges associated with workforce and office space reductions.

Persons: Wall, Jim Cramer's, Jim Cramer, Jim, Leonardo Munoz Organizations: Google, LSEG, Microsoft, Google Services, Management, Google Network, YouTube, NFL, TAC, Capital, CNBC, View, Getty Locations: New York City

☆ Insider Today: The fight for remote jobs
▼ + stars: | 2023-09-26 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

Remote workers are doing anything but work in the afternoons. Elena Noviello/Getty ImagesThere are few topics in corporate America as polarizing as remote work. AdvertisementAdvertisementLengthy, expensive office leases might also discourage companies from embracing remote work. As Aki's story points out, that type of rationale from larger companies has created an opportunity for those willing to support remote work. A company's commitment to remote work might not be forever, even if employees view it that way.

Persons: —, Taylor Swift, Travis Kelce, we've, I'm, Chelsea Jia Feng, Insider's Aki Ito, Aki, What's, Elena Noviello, Goldman Sachs, Leonardo Munoz, Rebecca Szkutak, Dominic, Madori Davis, Snyder, Mark Reinertson, Anthropic, Lindsey Nicholson, Jacob Boomsma, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, nab, TechCrunch, Thistle Technologies, Getty, Employees, Costco, Google, Netflix, Cintas Corp Locations: America, Amazon's, Sioux Falls , South Dakota, Jefferson City , Missouri, New York City, San Diego, London, New York

☆ The WGA strike might be ending, but Hollywood’s bigger problems aren’t
▼ + stars: | 2023-09-25 | by ( Brian Lowry | ) edition.cnn.com time to read: +7 min

Demonstrators carry signs during the WGA strike in New York City in May. Leonardo Munoz/AFP via Getty ImagesWhatever the outcome of this battle, though, there are signs Hollywood overall is losing the war. Now with streaming gains slowing, the revenues from those new subscribers aren’t fully offsetting what’s being lost. That’s bad for the creative class.”So, were there “winners” and “losers” in the writers’ strike? To the extent the strike left their fall TV lineups looking relatively bare, this was a loss for them and gift to the streaming services.

Persons: –, Frederic J . Brown, Leonardo Munoz, they’re, “ Barbie ”, “ Oppenheimer, Indiana Jones, ”, CHRIS DELMAS, ’, Bloomberg’s Lucas Shaw, Strong ”, Oscar, Drew Barrymore, Bill Maher, Barrymore Organizations: CNN, Guild of America, WGA, Netflix, ”, Getty, Hollywood, Disney, Charter Communications, ESPN, SAG, Warner Bros, of America Locations: AFP, New York City

☆ NYC is now using AI at some subway stations to track when and how fare evaders are getting through
▼ + stars: | 2023-07-25 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

NYC's MTA has started using AI software to track fare evasion in the subway system. The system tracks both when fare evasion spikes and the methods fare evaders use. The city's subway system is now using AI surveillance technology to track fare evasion. has been grappling with how to deal with fare evasion after it lost $690 million to fare evasion last year, according to a May report. Leonardo Munoz/VIEWpress via Getty Images"It helps us just measure the amount of fare evasion happening," the spokesperson told Insider.

Persons: AWAAIT, Leonardo Munoz, VIEWpress, it's, That's, It's Organizations: MTA, New York City, NYC's Metropolitan Transport Authority, Barcelona Locations: New York, NYC's, Spanish, Barcelona, NYC

☆ Inflation is 'history' for the U.S, says veteran economist Steve Hanke
▼ + stars: | 2023-07-13 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

watch nowThe U.S. no longer has an inflation problem, according to veteran economist Steve Hanke. "Money supply changes cause changes in the price index and inflation." The core consumer price index, which strips out volatile food and energy prices, rose 4.8% from a year ago and 0.2% month-on-month. "When inflation was going and roaring, the producer price index roared up first and then the consumer price index roared up. Steve Hanke Professor, Johns Hopkins University

Persons: Steve Hanke, CNBC's, Hanke, Leonardo Munoz Organizations: Johns Hopkins University, Corbis, Getty, Federal Reserve, Traders, Johns Hopkins Locations: U.S, United States, New York City

☆ What's next for BlackRock?
▼ + stars: | 2023-06-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +4 min

The biggest, and most obvious, change comes at the top, as BlackRock considers life without Larry Fink. The departure of Fink from BlackRock — a firm he's led since founding it with Robert Kapito in 1988 — is monumental in and of itself. But consider the state of affairs:Simply put, there's a lot going on these days at BlackRock. Insider's Rebecca Ungarino, our resident BlackRock expert, has a rundown of all the latest news at the massive money manager. More on everything that's happening at BlackRock as its CEO and cofounder considers his future.

Persons: Dan DeFrancesco, we've, Leonardo Munoz, don't, Larry Fink, Fink, Robert Kapito, Insider's Rebecca Ungarino, Todd Anderson, Christine McCarthy, Bob Iger, Iger, Gen, Jeffrey Cane, Hallam Bullock Organizations: Disney, Netflix, BlackRock, Getty, Barclays, Goldman, Mouse, Apple's, McKinsey, LinkedIn Locations: VIEWpress, BlackRock —, BlackRock, Hulu, London, New York

More than 11,000 film and television writers, who say their compensation doesn't match the revenue generated in the streaming era, are on strike for the first time since 2007-08. Most immediately, this will have a significant impact on late-night shows, where writers are tasked with crafting timely and topical jokes. That's because many shows and films have already wrapped production and will enter the marketplace unaffected by the strike. Instead, they feel they've been shortchanged on compensation as studios, networks and streaming platforms write a new rulebook in real time. Unlike the 2007 strike, writers currently have social media on their side and are rallying on platforms like Twitter, Instagram and TikTok to get their message out.

☆ America's broken housing market is making millennials and Gen Z lonelier
▼ + stars: | 2023-04-30 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

Loneliness is a perceived lack of connection — the discrepancy between the social connection someone has and the connection they want. Holt-Lunstad's widely-cited research has found that loneliness and social isolation have health impacts comparable to smoking 15 cigarettes a day. People who live in communities with more walkable neighborhoods, shared space, greenery, and diverse types of housing, feel more socially connected and less lonely. In her work, Peavey has come up with six design strategies for creating third spaces — places that aren't home, work, or school — to facilitate social connection. But neighborhoods need to be dense and walkable in order for people to easily access these places because cars and physical distance get in the way.

☆ Here's what I want to see before buying in a stock market that stumbled on solid bank earnings
▼ + stars: | 2023-04-16 | by ( Jim Cramer | ) www.cnbc.com time to read: +9 min

I do not understand how it could be double the price of the stock when the TVB means that if you closed the bank that's what you would get. I know the stock of Wells Fargo (WFC) didn't do much after it reported. Now, I offer the story of these banks as a preamble to what I see happening in the stock market right now. I don't want to conflate a day of good bank earnings with a month of good stock prices. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ This Friday could hold the key to our bank stocks and the direction of the market for weeks
▼ + stars: | 2023-04-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

How the banks deliver could set the market tone in the coming weeks. Jim said Monday that such a pause could spark a big stock market rally while keeping rates high enough for banks to make money. How these dynamics play out will factor into the Fed's next rate move — and as a result, market sentiment. Since deposit levels directly contribute to a bank's ability to make loans, it's not surprising that commercial bank lending declined in recent weeks. To be sure, Wells is a traditional bank that must deal with short-term deposit and lending gyrations.

☆ March's bank failures show options can be tricky even when retail traders pick big winners
▼ + stars: | 2023-04-03 | by ( Jesse Pound | ) www.cnbc.com time to read: +6 min

This halt, and how regulators and brokerage firms handled the outstanding options contracts, turned simple trades into a big headache for retail investors. Davies said that usually he would sell his winning options trades before expiration, so he does not have to deal with the settlement process. Robinhood later allowed Davies to create the naked short position and therefore to exercise his option. The naked short positions showed an on-paper loss in his account until the stock began trading over the counter on March 28. Another wrinkle is that some types of accounts, including retirement accounts, are not allowed to hold short positions, which created additional steps for traders and brokers to close out the trade.

☆ Here's what Trump's possible arrest in New York could look like
▼ + stars: | 2023-03-22 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Anti-Trump demonstrators protest outside the Manhattan District Attorney's office in New York City on March 21, 2023. But even if the grand jury hearing evidence in the probe does vote for an indictment, it's unclear when Trump would be arrested. Here's how the process could go:SurrenderThe grand jury was impaneled in January to determine whether there was enough evidence in Bragg's probe to charge Trump with a crime. Given Trump's recent calls for protests, prosecutors may have an incentive to give Trump a shorter surrender date, Bachner said. Once at the DA's office, Trump would be formally arrested, he'd be fingerprinted, get his mugshot taken and be interviewed by DA detectives for an arrest report.

☆ Google is asking employees to test potential ChatGPT competitors, including a chatbot called 'Apprentice Bard'
▼ + stars: | 2023-01-31 | by ( Jennifer Elias | ) www.cnbc.com time to read: +7 min

Google is also testing a chatbot called “Apprentice Bard,” where employees can ask questions and receive detailed answers similar to ChatGPT. Apprentice BardOne of the test products is a chatbot called Apprentice Bard, which uses Google’s conversation technology LaMDA, or Language Model for Dialogue Applications. Apprentice Bard looks similar to ChatGPT: Employees can enter a question in a dialog box and get a text answer, then give feedback on the response. Apprentice Bard replaced Meena, a previous version of a smart chat bot that had launched internally but was later discontinued. In one example circulated internally, a tester asked Apprentice Bard if there will be another round of layoffs at Google.

☆ Microsoft layoffs are not enough to shake our cautious view of the tech giant
▼ + stars: | 2023-01-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +6 min

Microsoft 's (MSFT) layoff announcement Wednesday doesn't shake our guarded view of the stock. MSFT 1Y mountain Microsoft's stock performance over the past 12 months. While the Club wrote about ChatGPT's impact on Microsoft in December , the chatbot has continued to capture Wall Street's attention. Bottom line Layoffs at Microsoft are yet another sign of the tech industry's challenges and demonstrate why the Club has been cautious on the company's stock as of late. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

We're selling 150 shares of Cisco Systems (CSCO) at roughly $49 each. In addition, we are selling 75 shares of Qualcomm (QCOM) at roughly $121 each. To be fair to Cisco, the quarter was a clean revenue and earnings-per-share beat, with a raise to the full-year outlook. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Here’s why 75% of likely voters think we are in a recession — even though we’re probably not
▼ + stars: | 2022-11-03 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN Business —A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of the year. Still, the economy feels bad to the majority of Americans ahead of next week’s midterms. But that’s still the highest since the early 1980s, and it’s the first time many younger people have ever experienced inflation. But that dip may not be enough to buy Democrats any goodwill among voters, given the elevated costs of every other necessity.

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