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☆ JPMorgan upgrades this sports betting stock, says it can jump more than 30%
▼ + stars: | 2024-12-13 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

The future is bright for Penn Entertainment , according to JPMorgan. The firm upgraded the online sports betting stock to overweight from neutral and raised its price target to $27 per share from $19. PENN YTD mountain Penn Entertainment stock. Penn Entertainment has slipped more than 23% in 2024. Of the 21 analysts who cover the stock, 12 rate it as a hold, according to LSEG.

Persons: sightline, Joseph Greff, PENN, Greff Organizations: Penn Entertainment, JPMorgan, ESPN Bet Locations: PENN, 2H25

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Broadcom, DraftKings, Costco, Uber, Salesforce & more
▼ + stars: | 2024-12-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are the biggest calls on Wall Street on Friday: Goldman Sachs initiates TechnipFMC as buy Goldman says the offshore company has "idiosyncratic growth." Goldman Sachs upgrades Patterson-UTI Energy to buy from neutral The firm says it sees shareholder returns for the energy company. Needham upgrades Upstart to buy from hold Needham says it likes the AI lending platform company's balance sheet following earnings. Mizuho reiterates Salesforce, Microsoft and Adobe as outperform The firm says the Salesforce, Microsoft and Adobe are top ideas in 2025. JPMorgan upgrades Penn to overweight from neutral The firm says Penn is too attractive to ignore right now.

Persons: Goldman Sachs, Goldman, Patterson, DA Davidson, Davidson, Needham, UPST, Morgan Stanley, Apple, it's, Uber, Mizuho, Wolfe, Horton, DraftKings, Mills, Penn, sightline Organizations: UTI Energy, America, Titan International, Bank of America, of America, Broadcom, COTY, Apple Intelligence, UBS, Energy, OPEC, Salesforce, Microsoft, Adobe, Cloud, BMO, O'Reilly, O'Reilly Automotive, Therapeutics, Meta, Mizuho, Canadian, JPMorgan, Barclays, Norwegian Cruise, MKS, Gaming, Retail, North American Service Providers, Nvidia, Costco Locations: America, Texas, Norwegian, Buffalo, 2H25

☆ Stella Artois taps David Beckham to restore its shine
▼ + stars: | 2024-03-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as the new face of its beer, naming Beckham as its “official ambassador” for Stella Artois. David Beckham is the new face of Stella Artois. Beckham joins fellow soccer superstar Lionel Messi in the A-B ambassador portfolio. “Beckham certainly gives Stella Artois the kind of top-tier recognition that A-B has historically leaned on to gain attention,” Sightline’s Roth said.

Persons: New York CNN — Stella Artois, David Beckham, Beckham, ”, Stella Artois, weren’t, Bump, it’s, ” Bryan Roth, Richard Oppy, Oppy, Victoria Beckham, David, ” Oppy, Matt Damon, Zoe Saldana, Lionel Messi, Bud Light, “ Beckham, ” Sightline’s Roth, “, ” Roth, Messi “ Organizations: New, New York CNN, Anheuser, Busch InBev, Bump Williams Consulting, Feel Goods Company, CNN, InBev, Maserati, Wimbledon, Roland, Garros, Inter Miami CF, Major League Soccer, Bowl, North America, Bud Light Locations: New York, Europe, America

☆ Restroom management will be a science at this year’s Super Bowl
▼ + stars: | 2024-02-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Between the hot dogs, the beers and probably during Usher’s greatest hits, the Super Bowl spectators will likely visit one of Allegiant’s 297 restrooms. The high cost of long linesLong lines for the restroom are what architects call a “friction point,” and, potentially, a costly one. The average price for a Super Bowl ticket is currently hovering around $9,800. So what’s the new science of stadium restrooms? Many theaters, airports and public buildings are famous for long lines around women’s restrooms but none by the men’s.

Persons: Taylor Swift, Scott Taetsch, Jonathan Emmett, ”, Emmett, “, they’re, Scott W . Grau, it’s, you’re, Taylor, Kathryn Anthony, that’s, Anthony, “ There’s, Mark Mulligan, Cintas, Jo Schneider, Schneider “ It’s, Schneider, Julie Amacker Organizations: New, New York CNN, Super, Architects, Lincoln Financial, Getty, Premier League That’s, Philadelphia Eagles, Major League Baseball, Comerica, Arena, University of Illinois, American, Association, University of Houston Downtown, Houston Chronicle, Toilet College, Organization, Baltimore / Washington International Airport, Maryland Aviation Administration, Washington, Marshall, Thurgood Marshall Airport, Kansas Chiefs, San Francisco 49ers, CAA Locations: New York, Las Vegas, Nevada, Philadelphia , Pennsylvania, Detroit , Michigan, University of Illinois Urbana, Champaign, Baltimore

☆ Altice USA in talks to sell Cheddar News to private equity firm Regent
▼ + stars: | 2023-12-11 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

Altice USA is in talks to sell the financial news streaming service Cheddar News to LA-based private equity firm Regent LP, according to people familiar with the matter. Instead, Altice USA would participate in Cheddar's future performance as part of a so-called "earn out" structure. Since then, Altice USA, the fourth-largest U.S. cable provider, behind Comcast , Charter and Cox, has looked to shed assets as its stock price has plummeted. Altice USA has also considered selling U.S. cable asset Suddenlink but dropped those plans in late 2022. The New York Times reported Altice USA was considering selling Cheddar earlier this year.

Persons: Jon Steinberg, Dexter Goei, Steinberg, Goei, Regent, Ralph Lauren, Regent didn't Organizations: USA, Regent, Altice, CNBC, Altice USA, Comcast, Cox, Sightline Media, Sunset Magazine, Time Inc, Club Monaco, New York Times Locations: LA, USA, Altice USA, U.S, Tegna

☆ The sure-fire way to save America’s cities? Do what Tokyo does.
▼ + stars: | 2023-10-04 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

But affordability isn't an issue in the world's biggest city, Tokyo. In collectivist Japan, housing policy is designed to benefit the most people possible. Earthquakes and small homesAnother feature of the Japanese housing market is purely situational: The country is a hotspot for earthquakes. Could the US import Japanese housing policy? Japan's housing policy "is now quite well understood" among American housing advocates and scholars, he says, "whereas it was not even three years ago."

Persons: metropolises, Eric Adams, Alan Durning, Durning, Jiro Yoshida, NIMBYism, Jenny Schuetz, Yoshida, Schuetz, André Sorensen, there's, Sorensen, Nolan Gray, Impermanence, Gray, tradeoffs, Eliza Relman Organizations: US, America it's, New York City, Sightline, Pennsylvania State University, Brookings Institution, University of Toronto, Earthquakes Locations: Los Angeles, Miami, New York, San Francisco, Tokyo, it's, America, Paris, Japan, inequity, Montana, California, United States, Vienna, Amsterdam, California , Oregon, Washington

☆ You won't have to pay extra for a good seat for Barbenheimer. AMC is ditching its controversial plan to charge more for movie theater seats with the best view.
▼ + stars: | 2023-07-21 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +4 min

AMC Theatres isn't going ahead with its plan to charge more for the best seats at the movie theater. After trials at select locations, the chain scrapped the plan to ensure "its ticket prices stay competitive." AMC's unpopular tiered-pricing plan would have raised costs for middle seats and charged less for seats in the front row. The US box office dropped from $11.3 billion in 2019 to just $7.3 billion in 2022, according to Box Office Mojo. The domestic box office has grossed just over $5 billion in 2023 to date, per Box Office Mojo.

Persons: Oppenheimer, Adam Aron Organizations: AMC, AMC Theatres, Office, National Association of Theater, Regal Cinemas, National Association of Theater Owners, CNBC Locations: Canada

☆ AMC drops plan to charge more for better seats at the movies
▼ + stars: | 2023-07-20 | by ( Stefan Sykes | ) www.cnbc.com time to read: +1 min

AMC Entertainment dropped its plans to charge customers variable prices for movie theater seats. The company announced its "Sightline" pricing strategy in February and tested it out at select locations in three U.S. markets. The program charged moviegoers more for the best theater seats, or "Preferred Sightline" seats. Preferred Sightline seats included select locations in the middle of the auditorium that are preferred by some moviegoers, whereas Value Sightline seats were those typically located in the front row. The company said it also found that most moviegoers continued to choose the seats they preferred, even at higher prices.

Persons: Oppenheimer Organizations: AMC Entertainment, CNBC, AMC Locations: United States

☆ AMC Theaters scraps plans to charge more for good seats
▼ + stars: | 2023-07-20 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +1 min

In February, AMC (AMC) said it was rolling out the initiative to all of its roughly 1,000 movie theaters by the end of the year. The company said at the time that AMC theaters would offer three pricing tiers for tickets, with the highest-end “Preferred” tier in the middle of the theaters priced at a “slight premium” compared to its “Standard” tier. That standard tier, it said, would be sold for the “traditional cost of a ticket.” The third “Value” tier would be the lowest-priced tickets for seats in the front row. AMC said it is now pivoting away from Sightline and will not roll it out nationwide. Moving forward, AMC said it’s gearing up to test more spacious front rows, with seats that recline, in theaters nationwide later in the year.

Persons: – CNN’s Jordan Valinsky Organizations: New, New York CNN, AMC Locations: New York, Sightline

☆ AMC Theater Chain to Stop Charging for Better Seats
▼ + stars: | 2023-07-20 | by ( Brooks Barnes | More About Brooks Barnes | ) www.nytimes.com time to read: +1 min

AMC is abandoning plans to charge more for movie seats depending on their location. But higher prices for center-middle seats at theaters where AMC has been testing the concept will remain in effect this weekend, when “Barbie” and “Oppenheimer” are expected to draw significant crowds. AMC Entertainment, the world’s largest theater chain, said on Thursday that it would “pivot away” from a contentious initiative called Sightline, in which seats at evening screenings had three tiers of pricing, ending the long-held cinema custom of charging the same amount for any seat in a theater. But the company plans to start a new trial involving front-row seats, which often go unsold. Later this year, AMC said it would pull out traditional front-row seats and replace them with “large, comfortable, lounge-style seating areas that will allow guests to lay all the way back.”

Persons: “ Barbie ”, “ Oppenheimer, ” Organizations: AMC, AMC Entertainment Locations: New York , Illinois, Kansas

☆ Starbucks union claims dozens of stores aren't allowed to decorate for Pride
▼ + stars: | 2023-06-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Starbucks Workers United said Tuesday that dozens of the coffee chain's U.S. stores aren't allowing employees to decorate for Pride month. A Starbucks spokesperson told CNBC that the company's security and safety manual provides broad guidance for stores around decorations. Some Massachusetts workers were told that there weren't enough labor hours to schedule partners to decorate, the union said. And managers told employees in Maryland that some people didn't feel represented by the "umbrella of pride," according to the labor group. Oklahoma Starbucks workers were also prohibited from hanging Pride flags in store windows.

Persons: hasn't, Baristas Organizations: Starbucks, Highland, Parade, Starbucks Workers, CNBC, U.S, Republican, Anheuser, Busch InBev, Kohl's, Workers, Pride, Target, Washington Post Locations: Hollywood, Los Angeles , California, United States, Massachusetts, Maryland, Oklahoma

☆ This little-known rule shapes parking in America. Cities are reversing it
▼ + stars: | 2023-05-20 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Approximately 2 billion parking spots cover the country, enough to pave over the entire state of Connecticut. Cities have built so much parking through a policy few people know: minimum parking requirements. Mandatory parking minimums helped shape the modern makeup of America cities. More parking spaces mean bigger parking lots. There are an estimated three to eight parking spots for every car in America.

☆ Young moviegoers are more likely to pay more for good seats in theaters, new survey says
▼ + stars: | 2023-03-24 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Young moviegoers don't mind paying extra fees to see films on the big screen, if it means they get to sit in the best seats in the house, a new survey says. For example, moviegoers who want to sit in the middle of the auditorium would pay a few dollars more and those who choose the front row would pay a few dollars less. In both generations, more than 50% of respondents said they'd be willing to pay a few extra dollars for preferred seats. "While catering towards younger generations is important to the future of moviegoing, they also shouldn't completely ignore the older generations," Blancaflor said. Already, cinema chains such as Alamo Drafthouse have said they do not plan to implement dynamic pricing in their theaters.

☆ Congress sat back and let trucks become heavier, taller, and deadlier. Now pedestrian fatalities are at a 40-year high.
▼ + stars: | 2023-03-24 | by ( Madison Hall | ) www.businessinsider.com time to read: +10 min

As trucks get bigger and bigger, so do the blind zones in the front and to the side of the cars. He didn't expect to find that an M1 Abrams battle tank had better a sightline than some everyday trucks. Due to the shape of the hood, a modern truck's blind zone can extend to more than a dozen feet out in front of the vehicle. According to NHTSA data, there were 240 estimated nonoccupant deaths by forward-moving vehicles in the United States in 2016. The legislation was never brought to a vote, but Blumenthal told Insider he had plans to reintroduce the act this session of Congress.

☆ You'll have to pay more to see a movie at an AMC Theatre if you want prime seating
▼ + stars: | 2023-02-06 | by ( Travis Clark | ) www.businessinsider.com time to read: +2 min

It's the latest evolution in variable pricing at movie theaters. AMC Theatres, the largest theater chain in the world, announced new pricing variations for seating on Monday in an imitative called Sightline at AMC. The variable pricing is for any showtime after 4 pm, and doesn't apply to "Discount Tuesdays," AMC said. Here's the catch: Value Sightline is only available for members of AMC's subscription program, AMC Stubs A-List. But it's also the latest evolution of variable pricing at movie theaters — which has until now been more focused on charging different prices based on the movie or format, and not necessarily on seat location.

☆ AMC Theatres is changing the way it prices movie tickets—here's how it will work
▼ + stars: | 2023-02-06 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

AMC Theatres, the nation's largest movie theater chain, has announced plans to change the way that it prices tickets. The company on Monday revealed a new initiative called "Sightline at AMC," which will eliminate the one-price-fits-all approach to selling tickets. Under the new model, AMC will divide up an auditorium's seats into "Standard Sightline," "Value Sightline" and "Preferred Sightline" tiers. The "standard" seats, which AMC identifies as "the most common in auditoriums" will be available for the normal price of a ticket. "Value" seats, meanwhile, are identified as those in the front row, and will be sold "at a lower price" than the normal ticket cost.

☆ AMC will start charging more for better movie theater seats
▼ + stars: | 2023-02-06 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —AMC Theaters is changing the way it charges for seats. The ticket pricing initiative, called Sightline at AMC, will roll out at all of its roughly 1,000 movie theaters by the end of the year. AMC said a seating map will show the adjusted prices and Sightline will only be used on showings after 4 pm. Live theater, such as Broadway, has long been using a similar method of pricing for seats (although front-row there can fetch top price). Movie theaters outside the United States also have similar location pricing standards that remain uncommon for American movie theaters.

☆ AMC to price movie tickets based on seating
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +1 min

Feb 6 (Reuters) - AMC Entertainment Holdings (AMC.N) will start selling tickets at different prices based on the location of the seat in a auditorium, the theater chain operator said on Monday. It would have three tiers of seating - value, standard and preferred. Value seats are available for free only to members of AMC Stubs, the chain's rewards club. Standard seats will be available at the usual cost of a ticket, while preferred sightline seats, which include select seats in the middle of the auditorium, will be priced higher. In December, AMC said it would raise $110 million in new equity capital through the sale of its preferred stock and proposed a reverse stock split.

☆ Four-time NBA champion Steph Curry joins his rich neighbors in opposing much-needed new housing near their Bay Area backyards
▼ + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com time to read: +4 min

Steph and Ayesha Curry penned a letter opposing a townhouse development near their home in Atherton, California. "This is a tough thing for a community like Atherton to change," Atherton City Manager George Rodericks told NBC. Since 1969, California law has required cities to update their housing and land use needs, known as "Housing Elements," every eight years to ensure enough affordable housing is available to residents. Cities who fail to comply with the deadline could lose grant funding and face lawsuits from the state Attorney General. Cities spanning from San Francisco to Los Angeles have had their plans approved by state regulators, with many plans including efforts to increase density on developable land.

☆ How BlackRock is angling to get it on the boom in renewable natural gas, a controversial energy source
▼ + stars: | 2022-08-25 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +6 min

BlackRock's acquisition of Vanguard Renewables underscores the rise of renewable natural gas. It is also where the world's largest asset manager went and found its latest target: An eight-year-old energy company with 160 employees called Vanguard Renewables. Last month BlackRock said one of its funds would acquire Vanguard (no relation to its asset management rival), which produces what the industry calls renewable natural gas, or biomethane. "The gas industry has done a great job in branding both natural gas and renewable natural gas. RNG projects capture methane, which has a far greater global warming potential than carbon dioxide, and turn that into a renewable energy.

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