DIRS.INFO The most relevant business & tech news

☆ The Barbie Movie was a showcase of what we bring to the table and our brands, says Mattel CEO
▼ + stars: | 2023-10-25 | 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 EmailThe Barbie Movie was a showcase of what we bring to the table and our brands, says Mattel CEOMattel CEO Ynon Kreiz joins 'Mad Money' host Jim Cramer to talk Q3 earnings, the Barbie movie, what's ahead for the company and more.

Persons: Ynon Kreiz, Jim Cramer Organizations: Mattel

NEW YORK (AP) — The eighth installment of the “Mission: Impossible” franchise has been postponed a year, signaling a new wave of release schedule juggling for Hollywood studios as the actors strike surpasses three months of work stoppage. Paramount Pictures on Monday shifted the release date of “Dead Reckoning — Part Two” from June 28 to May 23, 2025. A string of Marvel movies have previously shifted back, as did the third “Venom” film. “Spider-Man: Beyond the Spider-Verse," has been delayed indefinitely after being dated for March 2024. Negotiations between the Screen Actors Guild-American Federation of Television and Radio Artists and the studios are scheduled to resume Tuesday.

Persons: Christopher McQuarrie's, Tom Cruise, Barbie ”, “ Oppenheimer, it's, ”, Lupita Nyong’o Organizations: Hollywood, Paramount Pictures, Paramount, Screen, American Federation of Television, Radio Artists

More was riding on “Killers of the Flower Moon,” a historical crime drama about a string of murders against the Osage nation in the early 1920s. “Killer of the Flower Moon” also marks the best wide-release debut for a film from a streaming company. Gross, who runs the movie consulting firm Franchise Entertainment Research, said of the “Killers of the Flower Moon” launch. As dissimilar as “Taylor Swift: The Eras Tour” and “Killers of the Flower Moon” are, they’re alike in their extended run times. “Killers of the Flower Moon" also reeled in more young moviegoers than one might have expected.

Persons: Barbie ”, “ Oppenheimer, ” Martin Scorsese, Taylor Swift, “ Taylor Swift, ”, Swifties, David Grann’s, Scorsese, Leonardo DiCaprio, Lily Gladstone, Robert De Niro, mightily, Apple, Ridley Scott’s, Napoleon, Joaquin Phoenix, Matthew Vaughn’s “, ” David A, Gross, David Gordon Green, Tim Burton's, Comscore, “, “ Leo Organizations: Apple Studios, AMC Theaters, Paramount Pictures, Apple, Netflix, MGM, Sony, Universal, Paramount, Entertainment Research Locations: North America, Osage, Venice

☆ 2023’s most popular Halloween costumes
▼ + stars: | 2023-10-22 | by ( Leah Asmelash | ) edition.cnn.com time to read: +5 min

Halloween, our annual celebration of the scary, has long been a showcase for ghost costumes and vampire teeth. CNN has you covered with five topical, yet still popular, Halloween costume ideas guaranteed to stun. The classic superhero is the third most searched Halloween costume this year (falling from its No. Chuck Hodes/FXBear — any bear — rounds out the top 20 most-searched Halloween costumes. With an apron and bear ears, you could even be a bear in “The Bear.” It’s Halloween; there are no rules.

Persons: Addams, “ Barbie ”, Kate McKinnon’s, Ryan Gosling, you’re, Barbie, Margot, Greta Gerwig, “ Barbie, Oppenheimer, Melinda Sue Gordon, we’d, “ Oppenheimer ”, Miles Morales, Gwen Stacy, Peter Parker, Addams Jenna Ortega, Netflix's, “, ”, Bear Jeremy Allen White, Chuck Hodes, Grazer Organizations: CNN, Google, Mattel, Warner Bros ., Warner Bros, Discovery, Universal, Sony, Netflix Netflix, Bear Locations: Chicago, The

White Sands officials warned online that the wait to enter the gates could be as long as two hours. Visitors also are being warned to come prepared as Trinity Site is in a remote area with limited Wi-Fi and no cell service or restrooms. Scientists and military officials established a secret city in Los Alamos during the 1940s and tested their work at the Trinity Site some 200 miles (322 kilometers) away. While the lore surrounding the atomic bomb has become pop culture fodder, it was part of a painful reality for residents who lived downwind of Trinity Site. The notoriety from “Oppenheimer” has been embraced in Los Alamos, more than 200 miles (321 kilometers) north of the Tularosa Basin.

Persons: Christopher Nolan's, “ Oppenheimer, Willy Wonka's, White, J, Robert Oppenheimer, filmgoers, Barbie, Lois Lipman, “, ”, “ Oppenheimer ” Organizations: Historic Landmark, White, White Sands, Visitors, Trinity, U.S, Union of Concerned, Santa Fe, Alamos National Laboratory, Oppenheimer Locations: New Mexico, Manhattan, Los Alamos, Trinity, Tularosa

☆ This toy stock could rise 25% as it reaps rewards from Barbie movie for years to come, Citi says
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Mattel has a bright future ahead as it rides the residuals of the Barbie movie's success, according to Citi. The stock climbed nearly 22% from the end of June into July, aided by hype around the Barbie movie released in July. MAT YTD mountain Mattel YTD chart Despite this rally, analyst James Hardiman thinks there are more gains ahead stemming from Mattel's balance sheet deleveraging. "The company's focus on increasing profitability has resulted in over $1.25B in cost savings since 2018 with an additional ~$50M expected in 2H23. Of course, this increasing profitability has directly resulted from Mattel's strong industry-leading position – and the unprecedented success of the Barbie movie.

Persons: Barbie, James Hardiman, –, Michael Bloom Organizations: Mattel, Citi, MAT Locations: 2H23

☆ Halloween Is Tricky for Actors on Strike
▼ + stars: | 2023-10-20 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

Barbie, Ken and Wednesday Addams costumes are out. Ghosts and zombies are in. Halloween this year is tricky for actors on strike, under new union guidelines that tell them how to avoid crossing the virtual picket line: Don’t dress as characters from major studio productions or post photographs of the costumes online. “Let’s use our collective power to send a loud and clear message to our struck employers that we will not promote their content without a fair contract,” the union, SAG-AFTRA, said in the guidelines on Thursday. But SAG-AFTRA said its Halloween guidelines were intended “to make sure our members don’t inadvertently break strike rules.”

Persons: Barbie, Ken, “, AFTRA, don’t, ” Organizations: SAG, Alliance, Television Producers, Disney, Netflix, Warner Bros

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

☆ Kohl’s holiday look previews the retailer’s plans to snap out of sales slump
▼ + stars: | 2023-10-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +8 min

Melissa Repko | CNBCAs shoppers head to Kohl's stores this holiday season, they will see gift ideas, Christmas ornaments and a potential glimpse of the retailer's future. Kohl's has leaned in by opening more Sephora shops inside of its stores. It'll be a bigger part of this holiday season. A year ago, roughly half of Kohl's stores had a Sephora shop. Pet merchandise is getting more square footage at Kohl's stores.

Persons: Merchant Nick Jones, Melissa Repko, Tom Kingsbury, Michelle Gass, Levi Strauss, Kohl's, Kingsbury, Christie Raymond, Covid, Raymond said, splurge, It'll, Raymond, Sephora, it's, Nick Jones, It's, Jones, Fido Organizations: CNBC, Burlington Stores, Franchise Group, Kohl's, Marks, ASDA, Walmart, Bed Locations: Ramsey , New Jersey, Kohl's

☆ China's economy is on shaky ground - but its movie industry is hitting historic box office records
▼ + stars: | 2023-10-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

China's economy hasn't seen the post-pandemic rebound as many expected, but its film industry is running strong. From June to September, Chinese consumers spent $3.2 billion at the box office, a record high for that stretch. Meanwhile, China's economy faces weak growth, a shaky property sector, and declining trade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementChina's economy has yet to enjoy the post-pandemic rebound many had anticipated, but its movie industry has thrived nonetheless.

Persons: hasn't, —, Barbie, Oppenheimer, Lehman, Alfredo Montufar Organizations: Service, CNN, China Center, Conference Board Locations: Dengta, China, Beijing

☆ 'Taylor Swift: The Eras Tour' box office gives theaters a sugar rush. What they need is a steady drip of hits
▼ + stars: | 2023-10-16 | by ( Brian Lowry | ) edition.cnn.com time to read: +4 min

So while the this fall harvest is surely welcome, as is so often true, a Swift solution isn’t likely to be an enduring one. Advance sales for “The Eras Tour” left little doubt that the event would be a major success, leaving only the precise numbers in doubt. In that sense, the next blonde hero flying to the rescue might be more important: Brie Larson, a.k.a. Captain Marvel, whose sequel “The Marvels” hits theaters on November 10. Still, there aren’t many artists with the kind of followings that Swift and Beyoncé command.

Persons: Taylor Swift’s, “ Taylor Swift, “ Barbie ”, ”, Barbie ”, “ Oppenheimer, Swift, –, Brie Larson, a.k.a, Captain Marvel, underwhelming, “ Indiana Jones, “ Barbie Organizations: CNN, Hollywood, “, Marvel, Guardians, Galaxy Locations: North America

Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period in history, according to data from Dengta and Maoyan, China’s two major box office tracking apps. Ticket sales for the traditional high season between June and August soared to a record 20.6 yuan ($2.8 billion), smashing the previous summer peak of 17.8 billion yuan ($2.4 billion) recorded in 2019. “I’ve been a big fan of American and European movies,” Peng said. Powered by womenThat China’s recent box office boom has been driven by women is surprising given the gender imbalance in the country. So far this year, American films accounted for only about 14% of China’s box office, the second largest in the world, according to CNN calculations based on Dengta data.

Persons: Alibaba, ”, Stanley Rosen, Rosen, “, Fred Astaire, Ginger Rogers, Barbie ”, “ Oppenheimer, ” Perry Peng, she’s, “ We’ve, “ Barbie, “ I’ve, ” Peng, ” Pency Peng, Perry’s, Xuguang Chen, Chen, Kevin Tran, Tran Organizations: Hong Kong CNN, USC’s, China Institute, Warner Bros, CNN, School of Arts, Peking University, “, Morning, Hollywood Locations: China, Hong Kong, Dengta, United States, Shanghai, WarnerBros .

☆ Taylor Swift's Eras tour movie brought in about $96 million at the box office
▼ + stars: | 2023-10-15 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +5 min

In its opening weekend, the pop singer’s concert film, “Taylor Swift: The Eras Tour,” raked in between $95 and $97 million in the box office in the United States and Canada, movie theater chain AMC said Sunday. “I thought I had seen everything with the Barbenheimer phenomenon,” said Paul Dergarabedian, senior media analyst at Comscore, which tracks box office numbers. Teenagers trade bracelets while waiting for the beginning of Taylor Swift's Eras Tour concert movie in a cinema in Mexico City, Mexico October 13, 2023. Discovery, and “Oppenheimer.” Together, the two hits brought in nearly $2.4 billion in global box office sales this year, according to tracking site Box Office Mojo. Barbenheimer and Swift’s concert film “puts movie theaters at the epicenter of the culture as the hub of cultural influence,” said Dergarabedian.

Persons: New York CNN — Taylor Swift, “ Taylor Swift, ”, “ Justin Bieber, ” Elizabeth Frank, Taylor Swift, Chris Day, Swift, Swiftie Clara, seismologist, Sam Wrench, Taylor, Paul Dergarabedian, ” Swift, Alexandre Meneghini, Beyoncé, “ Barbie, “ Oppenheimer, Michael O’Leary, “ Organizations: New, New York CNN, AMC, USA, Ticketmaster, ” AMC, it’s, Twitter, Warner Bros, National Association of Theater Owners, CNN Locations: New York, United States, Canada, Memphis, Tenn, Santa Clara, Northern California, Seattle, Los Angeles, AMC’s, Mexico City, Mexico, The

Alamo employees worked with United Auto Workers Local 2179 and this week voted to unionize, with nearly two-thirds in favor. They join Alamo employees at the Brooklyn theater, who voted last month to become part of Local 2179. At a time of labor action in the movie industry and beyond, union activity is expanding at movie theaters themselves, a trend which began during the pandemic. Within days, Brooklyn employees voted to unionize, by a margin of more than 2-to-1. “For years the workers of Brooklyn Alamo have tried to solve problems through dialogue with management, to no avail,” the union statement read in part.

Persons: “ Barbie ”, “ Oppenheimer, Barbenheimer ”, Maggie Quick, ”, Tyler Trautman, “, Quick, it's, Olga Brudastova, Chad Bolton, Tim League, Alamo, Sen, Bernie Sanders, Bernie, I’m, Michael Kusterman, Shelli Taylor, It'll Organizations: Alamo, Manhattan, United Auto Workers, Film, Amherst Cinema, Film Forum, UAW, The Associated Press, Vermont, League, Karrie League, Democratic Party, America, Hollywood, Gallup, Rice University, Entertainment, League . Altamont Capital Partners, Fortress Investment, Brooklyn, Brooklyn Alamo Locations: Manhattan, Brooklyn, New York, Massachusetts, San Francisco, Austin , Texas, Amherst, “, Alamo, Texas, U.S, Austin

☆ 'Look what you made me do': Taylor Swift attends film premiere, moves up release
▼ + stars: | 2023-10-12 | by ( Lisa Richwine | ) www.reuters.com time to read: +2 min

"Taylor Swift: The Eras Tour" was set to open in theaters worldwide on Friday, but high interest prompted Swift to add earlier screenings in some markets. "Look what you genuinely made me do: Due to unprecedented demand we're opening up early access showings of The Eras Tour Concert Film on THURSDAY in America and Canada!!" [1/5]Taylor Swift attends a premiere for Taylor Swift: The Eras Tour in Los Angeles, California, U.S., October 11, 2023. Inside the theater, Swift thanked fans for supporting the Eras Tour, which has sold out stadiums around the world. "I've never had this much fun in my life as I had at the Eras Tour," she said.

Persons: Taylor Swift, Swift, showtimes, Mario Anzuoni, Adam Sandler, Mariska Hargitay, Barbie, Simu Liu, Beyonce, I've, Lisa Richwine, Miral Organizations: AMC Theatre, REUTERS, AMC Theatres, Thomson Locations: America, Canada, Los Angeles, Los Angeles , California, U.S, United States

☆ The Birkenstock brothers are worth $3.4 billion, even after the shoemaker's shares tanked at its IPO
▼ + stars: | 2023-10-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

Two heirs of Birkenstock are now worth $3.4 billion after the company's IPO, Bloomberg reported. Birkenstock listed in New York on Wednesday, but shares opened at 11% below their offer price. AdvertisementAdvertisementTwo of the heirs of German sandal maker Birkenstock are now worth a combined $3.4 billion after the company went public, Bloomberg reported. The nearly 250-year-old company listed on the New York Stock Exchange via an IPO, trading under the ticker "BIRK" and pushing up the fortunes of Alex and Christian Birkenstock. The brothers netted more than €3 billion ($3.2 billion) from that transaction, Bloomberg reported.

Persons: Birkenstock, —, Alex, Christian Birkenstock, Christian, Stephan, Karl Birkenstock, Alex Birkenstock, Bernard, Alexandre Arnault, Charles Dolan, Kendall Jenner, Barbie, boomers, Xers, Gen Zers, Greta Gerwig's, Emma Chamberlain Organizations: Bloomberg, Service, New York Stock Exchange, Warner Bros Locations: New York, Germany, Americas, Europe ., Boston, Barbieland

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. Based on the low end of the range, Birkenstock could be valued at as low as $8.5 billion. Their shares have, however, given up gains since going public, muddying the outlook for the IPO market. As of Tuesday's close, Instacart shares were 10% below their IPO price. The company had disclosed a 21% jump in revenue to 1.12 billion euros ($1.19 billion) for the nine-month period ended June 30.

Persons: Fabrizio Bensch, Bernard Arnault, Louis Vuitton Moet Hennessy, Susannah Streeter, Hargreaves Lansdown, Margot Robbie, Barbie, Tommy Tranfo, Tranfo, Birkenstock, Dior, Stüssy, Manolo Blahnik, Rick Owens, Manya Saini, Niket, Anil D'Silva Organizations: REUTERS, New York Stock Exchange, Arm Holdings, Hargreaves, Reuters, Reuters Graphics, Thomson Locations: Berlin, Germany, French, Langen, Bengaluru

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. The company's IPO raised $1.48 billion after its 32.3 million shares were conservatively priced at $46 apiece, positioning the 250-year-old brand for a smooth market debut. "Arguably, this should position Birkenstock more favorably in an environment where real interest rates are high and still rising. Birkenstock had disclosed a 21% jump in revenue to 1.12 billion euros ($1.19 billion) for the nine-month period ended June 30. The brand has partnerships deal with luxury fashion brands, including Dior, Stüssy, Manolo Blahnik and Rick Owens.

Persons: Fabrizio Bensch, Susannah Streeter, Hargreaves Lansdown, Birkenstock, Javier Gonzalez Lastra, France's Bernard Arnault, Louis Vuitton Moet Hennessy, Margot Robbie, Barbie, Michael Ashley Schulman, Tommy Tranfo, Tranfo, Dior, Stüssy, Manolo Blahnik, Rick Owens, Manya Saini, Niket, Anil D'Silva Organizations: REUTERS, New York Stock Exchange, Hargreaves, Arm Holdings, Tema, Reuters Graphics, Running, Capital Advisors, Thomson Locations: Berlin, Germany, Langen, Bengaluru

NEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German maker of upmarket sandals set a price of $46 per share for its initial public offering of stock, valuing the company at $8.64 billion. Birkenstock is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol. Birkenstock Holding Ltd. sold about 10.8 million shares in the offering, raising about $495 million. The company’s footwear was first cobbled together by Johann Adam Birkenstock in Germany in 1774.

Persons: Johann Adam Birkenstock, Barbie, ”, outsized, ” Birkenstock, Birkenstock Organizations: Wall Street, New York Stock Exchange, Birkenstock Holding, Securities and Exchange Commission, European Union, Arm Holdings, Renaissance Capital Locations: Germany, “, U.S

☆ Birkenstock IPO gets predictable shoeing
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A sign is illuminated at the entrance to a Birkenstock shoe store in London, Britain, October 11, 2023. REUTERS/Toby Melville Acquire Licensing RightsNEW YORK, Oct 11 (Reuters Breakingviews) - Birkenstock’s (BIRK.N) IPO is a flop. The Birkenstock enterprise was gunning for a multiple of 19 times EBITDA, well above that of Europe's luxury conglomerates. And if the first-day stock woes stick, a suitor might soon walk all over Birkenstock. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Toby Melville, L, gunning, Oliver Reichert don’t, Bernard Arnault, Pamela Barbaglia, Jeffrey Goldfarb, Sharon Lam Organizations: REUTERS, Reuters, Tech, Compagnie Financiere, X, Qantas, Thomson Locations: London, Britain, United States, Europe, New York, Brussels

☆ I'm on track to sell $5 million in glassware this year, mainly on Amazon. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly to an Amazon fulfillment center. Plus, I was already using Amazon Multichannel Fulfillment, so it made sense to turn on Buy With Prime as a channel. Dragon Glassware has generated more than $2.1 million in sales this year, and we project an additional $2 million to $3 million before the end of the year. Correction: October 11, 2023 — An earlier version of this story suggested Dragon Glassware was on track to make $5 million using Amazon only.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Amazon, Walmart, Prime, Multichannel, Barnes &, Mattel Locations: Sacramento , California, China, Maxx

☆ I'm on track to sell $5 million in glassware on Amazon this year. Research, self-control, and careful planning got me there.
▼ + stars: | 2023-10-11 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

I decided to call my brand Dragon Glassware. Dragon Glassware glasses. For a bit, I was also renting a warehouse space, but now I have my inventory delivered directly into an Amazon fulfillment center. I was an early tester of the new Supply Chain by Amazon product suite . Dragon Glassware has generated more than $2.1 million in sales so far this year, and we're projecting an additional $2-3 million before the end of the year.

Persons: Matt Rollens, hadn't, I've, —, It's, we've, Barnes & Noble, that's Organizations: Walmart, Prime, Barnes &, Mattel, LinkedIn Locations: Sacramento , California, China, Maxx

REUTERS/Fabrizio Bensch/File Photo Acquire Licensing RightsNEW YORK, Oct 10 (Reuters) - German premium footwear maker Birkenstock Holding (BIRK.N) priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share, the company said on Tuesday. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. Birkenstock was founded in 1774 in the German village of Langen-Bergheim by Johannes Birkenstock and his younger brother Johann Adam Birkenstock, who were both shoemakers. After the IPO, L Catterton will hold an 82.8% stake in Birkenstock and control a majority of the combined voting power of its outstanding shares. Birkenstock's shares will start trading on Wednesday on the New York Stock Exchange under the ticker "BIRK".

Persons: Fabrizio Bensch, Birkenstock, Johannes Birkenstock, Johann Adam Birkenstock, Barbie, Margot Robbie, Bernard Arnault, Louis Vuitton Moet Hennessy, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Anirban Sen, Echo Wang, Dimpal Gulwani, Lisa Shumaker Organizations: REUTERS, Birkenstock, underwriters, Arm Holdings, New York Stock Exchange, JPMorgan, Thomson Locations: Berlin, Germany, Langen, French, Birkenstock

☆ Taylor Swift, 'Barbenheimer' and Beyoncé all likely fueled a US growth surge last quarter, economist says
▼ + stars: | 2023-10-10 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

He said Taylor Swift, "Barbenheimer", and Beyoncé had all helped drive growth. AdvertisementAdvertisementThe economy likely surged over the third quarter – and you can thank Taylor Swift, Beyoncé, and the "Barbenheimer" craze for that, according to ING. "We can't argue against [the latest payroll numbers] given the strength we will likely see in third-quarter GDP," he said. AdvertisementAdvertisement"We wouldn't be surprised to see a 4% annualized expansion with Taylor Swift, Beyoncé and Barbenheimer helping to give growth a kick higher," Knightley added. Eras and Beyoncé's "Renaissance World Tour" are expected to add a combined $5.4 billion to the US's third-quarter GDP, according to an estimate from Bloomberg Economics.

Persons: James Knightley, Taylor Swift, Beyoncé, —, September's, Knightley, Oppenheimer Organizations: ING, Service, Gross, Product, Federal Reserve, Bloomberg Economics Locations: Philadelphia

Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion. It is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol. Birkenstock Holding Ltd. sold about 10.8 million shares in the offering, raising about $495 million. The company's footwear was first cobbled together by Johann Adam Birkenstock in Germany in 1774. There were just 71 IPOs in the U.S. last year, the lowest number since 2009, according to Renaissance Capital.

Persons: Birkenstock, Johann Adam Birkenstock, Barbie, ” Organizations: New York Stock Exchange, Birkenstock Holding, Arm Holdings, Renaissance Capital Locations: Germany, U.S

Search resuls for: "BARBIE"

25 mentions found