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Birkenstock, the longtime German shoe brand known for its comfy and durable styles, is expected to price its IPO at $46 per share on Tuesday, giving it a tentative valuation of about $8.64 billion, according to a person familiar with the matter. Combined with the 21.51 million in shares its selling stockholders were looking to offload, the offering could bring in around $1.48 billion. Birkenstock's offering comes as the IPO market remains choppy after a number of recent filers began trading in muted debuts. But after an initial 40% pop, it closed at $33.70 on its first day on the Nasdaq and is now trading below its opening share price. It posted a net income of about 187 million euros ($198 million) in fiscal 2022.

Persons: Birkenstock's, hasn't, Birkenstock, Johnson, Catterton Organizations: Swiss, New York Stock Exchange, Nasdaq, Tech Locations: New York, German

"The Exorcist: Believer" possessed the box office during its opening weekend, but industry experts wonder if it will continue to turn heads in the weeks to come. Still, on a production budget of just $30 million, "The Exorcist: Believer" could prove profitable if it continues to lure moviegoers in the coming weeks. "The Exorcist: Believer" fled from its original release date (Oct. 13) because Swift announced her Eras Tour concert film would arrive in cinemas that day. The film quickly snared the coveted, higher priced, premium format screens, leaving little room for "The Exorcist: Believer" to eke out a solid opening. The potential same-day opening was almost immediately shut down when "The Exorcist: Believer" moved its release date up a week.

Persons: There's, Taylor Swift, Swift, Paul Dergarabedian, Comscore ., Oppenheimer, Jason Blum Organizations: Comscore, Universal

☆ Jim Cramer says investors should take wait-and-see approach with Birkenstock IPO
▼ + stars: | 2023-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Monday told investors they may be wise to sit out the "initial feeding frenzy" when German sandal maker Birkenstock enters the market in an initial public offering on Wednesday. Birkenstock is expected to attain a $10 billion valuation and is seeking to price shares at the top of its $44 to $49 range, Reuters reported. The company saw a bump in publicity this summer after its shoes had a cameo in the "Barbie" movie blockbuster. Nevertheless, he said the company has seen solid growth and profitability, and its margins seem headed in the right direction. I say you'll be better off on the sidelines and waiting for the stock to cool down, because it probably will."

Persons: CNBC's Jim Cramer, Birkenstock, Cramer, it's Organizations: Reuters Locations: Norwegian

Birkenstock would end up raising $1.58 billion at the top of the range. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. This helps explain why Birkenstock is not inclined to raise its IPO price range despite the strong initial investor demand. To leave less to chance, Birkenstock launched the roadshow for its IPO last week with some investors lined up. 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.

Persons: Birkenstock, Financière Agache, Johannes Birkenstock, Johann Adam Birkenstock, Barbie, Margot Robbie, Bernard Arnault, Louis Vuitton Moet Hennessy, Anirban Sen, Chris Reese Organizations: Birkenstock Holding, U.S, Arm Holdings, Nike Inc, Partners, Norges Bank Investment Management, Thomson Locations: New York, Langen, French, Birkenstock

LOS ANGELES (AP) — “The Exorcist: Believer” spun heads and drove off all foes at the box office. But while it nearly earned back its reported budget of $30 million in just a few days, the take for “The Exorcist: Believer” was underwhelming after the two companies paid $400 million in 2021 for the rights to a new trilogy. Another horror sequel, “Saw X,” was third for Lionsgate Films, with $8.2 million, and has brought in $32.6 million after two weekends. “The Exorcist: Believer,” $27.2 million. “Saw X,” $8.2 million.

Persons: —, ”, “, William Friedkin, David Gordon Green, “ Hamilton, Leslie Odom Jr, Lidya Jewett, Jake Coyle, “ Barbie, Comscore Organizations: ANGELES, Universal Pictures, Blumhouse Productions, Paramount Pictures, Lionsgate Films, Rotten, The Associated Press Locations: North America, Venice

☆ ‘Girl math’ was a fun social media joke. Then ‘boy math’ came along
▼ + stars: | 2023-10-07 | by ( Aj Willingham | ) edition.cnn.com time to read: +6 min

“You call it Girl Math, we call it the Labor Day sale,” a recent promotion from clothing brand Lane Bryant read. From this tangle of overly serious criticism and brand interference, the idea of “girl math” stretched far past its original intent. After all, if “girl math” exists, what is “boy math”? “I think the great equivalent to girl math for boy math is the fact that all of us dudes think we could land a plane,” a man in one popular TikTok posited. Democratic Rep. Alexandria Ocasio-Cortez of New York is one of the big names to wade into the "girl math" trend.

Persons: influencer Imani Barbarin, It’s, it’s, “, commenter, ”, Lane Bryant, Alexandria Ocasio, Cortez, Kevin Lamarque, Dane Cook, Kelsi Taylor, Kevin McCarthy, y’all, Mary Louise Adams, gamely, ” Adams, can’t Organizations: CNN, Labor, Democratic, New York Democratic Rep, Republican, Queens University Locations: Alexandria, Cortez of New York, Kingston , Ontario

☆ How Karol G went from a Latin music star to a fashion icon
▼ + stars: | 2023-10-06 | by ( Robb Young | Graciela Martin | ) edition.cnn.com time to read: +24 min

With 66 million followers on the platform, Karol G ranks 70th in terms of follower count but 6th when it comes to engagement rates. But the label’s enthusiasm for its Karol G campaign a half-year after its release is telling, nonetheless. Karol G attends the #BoF500 Gala during Paris Fashion Week at Shangri-La Hotel Paris on September 30, 2023 in Paris, France. By the time Karol G entered the scene in a big way, fashion, luxury and sportswear giants were still warming up to her male counterparts. People aren’t as fixated on that anymore.”Indeed, it is the shift in attitudes toward language that appears to have helped Karol G secure the Loewe deal.

Persons: Karol G, Jonathan Anderson, Karol’s, Shakira, — Karol G, Provenza, “, ”, Nicki Minaj —, Karol, Karol G's, she’s, Lea Colombo, “ Karol G, Charlie Smith, Loewe, couldn’t, Ricky Martin’s, hasn’t, “ I’ve, Anderson, Karol G’s, ” Karol G, Christopher Polk, SocialBook, Kim Kardashian, Julian Martinez, ” Martinez, “ Karol, Miu, Roberto Cavalli, Gina Ferazzi, Loewe’s Smith, Jacquemus, Barbie, Emilio Pucci, —, Vetements, Rick Owens, Pascal Le Segretain, Maykol Sanchez, Spotify’s, Yankee’s, Don Omar’s, Maluma, J, Nicky Jam, . Ivy Queen, Jennifer Lopez, Shakira —, Burberry —, Becky G —, Karol —, Ovy, Bad Bunny, Rich Fury, Karla Martínez, There’s, Leila Cobo, Billboard’s, ” Cobo, aren’t, “ Jonathan, ” Karol, Carolina Giraldo Navarro, Colombia’s, J Balvin, Cobo, She’s, ” she’s, haven’t, ’ ” Karol G, Alexander Tamargo, Nina García, Elle, García, ” García, I’ve, I’m, it’s, Brett Alan Nelson, I’d Organizations: The, Fashion, CNN, —, Billboard, MTV, New York City’s Rockefeller Center, Variety, Los Angeles Times, Getty, Brands, Los, Paris, Spotify, Reebok, Umbro, Dolce, Gabbana, Nike, Guess, Adidas, Trailblazers, Burberry, Levi’s, Kappa, Puerto Rican, Pew Research Center, Limits, Vogue Mexico, reggaeton’s, Loewe, Carolina, Puerto Locations: Spanish, ”, Latin America, New York, Newark , New Jersey, California, Versailles, bejeweled, Paris, France, Spain, Italy, Germany, Canada, America, Balmain, Barcelona, Rosalía, American, Panama, Jamaica, Puerto Rico, Dominican, Caribbean, Medellín, Colombia, Puerto, Miami, Mexico City, Buenos Aires, Santiago, Chile, Austin, Austin , Texas, Mexico, North America, Europe, Dubai, Singapore, Nairobi, Puerto Rican, Sera, Miami , Florida, Colombiamoda

The protagonists have remained mum about their actual status since Swift began attending Kelce’s games 1½ weeks ago. “There is not going to be a ‘Pre-Taylor Swift Era’ and a ‘Post-Taylor Swift Era’ for the NFL. So for us, it’s fantastic,” said Ian Trombetta, the NFL’s senior vice president of social, influencer and content marketing. “Is the NFL overdoing it?” Jason asked Travis on an episode of their podcast released Wednesday. '” the NFL's Trombetta said.

Persons: Eager, Taylor Swift, Travis Kelce, it’s, Brian McCarthy, Tay Tay, Swift, Gen, Taylor, ”, Rebecca Brooks, “, Brooks, Ian Trombetta, —, ” Trombetta, there's, Dan Snyder’s, “ We’ve, Patrick Mahomes, Joe DiMaggio, Marilyn Monroe, David Beckham, Tom Brady, Giselle Bunchen, “ There’s, Barbie ’, Joe Favorito, Kelce, Jason, Travis, Neal Pilson, Jerry Jones, ” Pilson, “ I’ve, Trombetta Organizations: National Football League, Kansas City Chiefs, NFL, Associated Press, Alter Agents, Kansas, Washington, Super Bowl, NFL Media, Chiefs, Philadelphia Eagles, NBC, Kansas City, New York Jets, CBS Sports, Dallas Cowboys Locations: Kansas City, New York, California, U.S, Travis

☆ From Amazon to Target, here's a look at some of the biggest holiday sales happening now
▼ + stars: | 2023-10-06 | by ( Jessica Dickler | ) www.cnbc.com time to read: +2 min

Here's a look at some of biggest sales events happening now. This year, other big-name retailers are getting a head start by launching their own holiday sales earlier than ever, according to Katie Roberts, consumer analyst with DealNews.com . You can set up deal alert notifications on Amazon or through your Alexa device so you'll know when the price changes. Prime members can also sign up for invite-only deals on the items that typically sell out fast. But first, you must be an Amazon Prime member.

Persons: Katie Roberts, Andrea Woroch, fryer, Dyson, Barbie Organizations: DealNews.com, Black, Amazon, Sony, Bose, Philips, Finance, July's, Hasbro Locations: iRobot

Taylor Swift attends the 2023 MTV Video Music Awards at the Prudential Center in Newark, New Jersey, U.S., September 12, 2023. In her next act, Swift is poised to lift another corner of the economy: a movie box office still trying to recover from the pandemic and Hollywood strikes. “Swift and Beyonce will certainly fill some of the gaps,” said Box Office Pro senior analyst Shawn Robbins. BLOCKBUSTER SALESAdvance sales for "Taylor Swift: The Eras Tour" are on pace with a Star Wars or Marvel blockbuster. “But there's no question that the Eras Tour with Taylor Swift has really launched that into a new atmosphere.

Persons: Taylor Swift, Andrew Kelly, Swift, Taylor, Beyonce, ”, Barbie ”, “ Oppenheimer, “ Swift, Shawn Robbins, “, it's, Hunter, “ We’ve, Rolando Rodriguez, Brock Bagby, Queen Bey, Bruce Nash, Nash, Riley, Eric Wold, Dawn Chnmielewski, Lisa Richwine, Kenneth Li, Mark Porter Organizations: Prudential Center, REUTERS, AMC Theatres, Hollywood, Pro, SAG, Marvel, National Association of Theatre Owners, B, ”, Wedbush Securities, Thomson Locations: Newark , New Jersey, U.S, United States, Canada, Missouri, Los Angeles, New York

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. Birkenstock is the latest high-profile listing to put investor focus on the initial public offering (IPO) market, which is gradually reopening after two relatively quiet years and a burst of activity in September. Due to recent price hikes, worldwide footwear sales are expected to rise just 2.9% over 2022, according to market research firm Euromonitor International. AllBirds (BIRD.O), Dr Martens (DOCS.L), and On Running (ONON.N) have all seen their market value fall since their IPOs in 2021. "When you look at the trend of other shoe companies that have IPO-ed, it doesn't give a great outlook for Birkenstock," Valechha said.

Persons: Fabrizio Bensch, Birkenstock, Kellogg, Mamta, Cheviot, Valechha, Johann Adam Birkenstock, Barbie, Margot Robbie, Jessica Ramirez, Jane Hali, Siobhan Gehin, Roland Berger, Thomas Hayes, sneaker, Dr Martens, Allbirds, Alexandre Arnault, LVMH, Bernard Arnault, Matt Oguz, Iris, L, Ananya Mariam Rajesh, Helen Reid, Emma, Victoria Farr, Echo Wang, Abigail Summerville, Deepa Babington Organizations: REUTERS, LVMH, New York Stock Exchange, Euromonitor, Associates, Dick's Sporting, Reuters, Partners, Norges Bank Investment Management, Thomson Locations: Berlin, Germany, New York, London, Neustadt, United States, U.S, Cannes, Silicon Valley

☆ Record online discounts are coming this holiday season
▼ + stars: | 2023-10-05 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

And the company predicts the strategy will work, with online holiday sales climbing almost 5% above last year. Retailers are poised to offer up to 35% off listed prices this holiday season, with the deepest discounts applied to toys, electronics and apparel, Adobe said in its annual holiday forecast. Buy Now, Pay Later is expected to drive a record $17 billion in online spending this holiday season, up 17% from 2022, Adobe said. Americans are also doing more and more holiday shopping (and shopping in general) on smartphones and tablets. That means Adobe’s 2023 holiday shopping forecast for solid sales growth would signal a genuine increase in demand from consumers.

Persons: they’re Organizations: New York CNN Business —, Adobe Analytics, Retailers, Adobe, PlayStation, Madden NFL, Amazon, PayPal, Commerce Department

TORONTO (AP) — You don’t expect to see a movie named “Dicks: The Musical” on the marquee and neither did its makers. Josh Sharp and Aaron Jackson, who created and star in “Dicks: The Musical,” certainly struggled to believe it. But “Dicks: The Musical," a freewheeling queer cult-favorite-to-be, is a gleefully tasteless bid to break free of comedy doldrums. “People maybe want to go for a bigger laugh but they’re afraid they’re going to offend too many people. As Jackson and Sharp developed the movie, they carved out the role of God, as narrator, for Yang.

Persons: “ Dicks, Bowen Yang, —, Josh Sharp, Aaron Jackson, ”, ” Jackson, Hanna, Barbera, Megan Thee, Megan Mullally, Nathan Lane, Larry Charles, “, Sharp, ” Sharp, Jackson, Yang, “ It’s, ‘ Barbie, ’ ”, ” chimed Yang, Charles, Seinfeld ”, Abbott, Costello, Sacha, Baron Cohen, doesn’t, ” Charles, they’re, ” “ Dicks, Kori Adelson, ’ ” Sharp, ” Yang, Mullally, ” “, Jake Coyle Organizations: TORONTO, Megan Thee Stallion, Toronto, New York’s Upright Citizens Brigade Theatre, bros, UCB, Chernin Entertainment, Twitter Locations: York, Los Angeles

☆ Pope Francis lambasts climate change skeptics and ‘irresponsible’ Western lifestyles
▼ + stars: | 2023-10-04 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +2 min

CNN —Pope Francis has made his strongest statement yet on the accelerating climate crisis, pinning blame on big industries and world leaders as well as “irresponsible” Western lifestyles, in a blistering statement on Wednesday. The pope leveled heavy criticism at climate change deniers and delayers. “Despite all attempts to deny, conceal, gloss over or relativize the issue, the signs of climate change are here and increasingly evident. Climate change will likely only get worse and ignoring it will heighten “the probability of extreme phenomena that are increasingly frequent and intense,” he wrote. The pope paid particular attention to the disproportionate responsibility of rich countries for climate change.

Persons: Pope Francis, ”, “ Regrettably, Laudato Organizations: CNN, Catholic Church Locations: United States, China, Dubai

CNN —Italian authorities were on Wednesday investigating the cause of a horrific bus crash near Venice that killed at least 21 people including two children. Claudia Greco/ReutersLocal police work at the site of the bus crash on Wednesday. A representative for the prosecutor’s office told CNN the head prosecutor for the Venice municipality, Bruno Cherchi, is leading the investigation into the incident in Mestre. The bus was traveling from Venice to nearby Marghera and was “full of people returning home from work,” Venice mayor Luigi Brugnaro told state media RAI. Emergency crew members work at the scene after a bus accident near Venice.

Persons: ”, Alberto Rizzotto, Claudia Greco, Mauro Lungo, Bruno Cherchi, Luigi Brugnaro, Stefano Mazzola, sevices, Brugnaro, Massimo Fiorese, Italy’s, “, Giorgia Meloni, Emmanuel Macron, I’m, Charles Michel Organizations: CNN, ” RAI, Reuters Local, Sky TG24, RAI, Emergency, Facebook, della Sera, Reuters, Italian Senate, European Council Locations: Venice, Mestre, Italy, Marghera, ” Venice, Italian

☆ See Anya Taylor-Joy’s stunning, unconventional wedding dress
▼ + stars: | 2023-10-03 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

CNN —Gazing out from a 15th-century balcony overlooking Venice’s Grand Canal, actor Anya Taylor-Joy gave the world a first glimpse of her wedding dress this weekend — and it was far from expected. In lieu of a traditional ivory frock, Taylor-Joy opted for a blush-toned princess gown. Anya Taylor-Joy's custom Dior gown was a dusty rose color, decorated with intricate embroidered flowers and even a hummingbird. Cobra Team/Splash News/BACKGRIDPerhaps the least surprising element of the ethereally romantic gown was its label: custom Dior. Taylor-Joy wore a very different, leather-heavy Dior look for the brand's Spring-Summer 2024 show in Paris last week.

Persons: Anya Taylor, Joy, Dior, Taylor, Mario Brothers, lacy Dior, Jeremy Moeller, Malcolm McRae, —, Michelle Yeoh, Jean Todt, Schiaparelli Organizations: CNN, Globes, Venice Film, London, Getty Locations: Los Angeles, Paris, Venice, French, Geneva

☆ Second earthquake in a week strikes south of Naples
▼ + stars: | 2023-10-03 | by ( Barbie Nadeau | ) edition.cnn.com time to read: +2 min

Rome CNN —A magnitude 4.0 earthquake struck south of Naples, Italy, on Tuesday, just days after the volcanic region saw its strongest earthquake in 40 years, according to Italy’s National Institute of Geophysics and Volcanology (INGV). Campi Flegrei, also known as the Phlegraean fields, is a volcanic area that encompasses multiple ancient volcanoes that date back 39,000 years. Campi Flegrei experiences a seismic phenomenon known as bradyseism, defined by cycles of uplift and gradual lowering of the ground. The last major eruption of Campi Flegrei was in 1538, which created a new mountain in the bay. So far in 2023, Campi Flegrei has logged 2,868 earthquakes — 1,118 in August alone.

Persons: Campi Flegrei, Flegrei, Campi, Carlo Doglioni, ”, INGV Organizations: Rome CNN, National, of Geophysics Locations: Rome, Naples, Italy, Ischia, Capri

☆ Birkenstock IPO: German sandal brand could be worth $10 billion
▼ + stars: | 2023-10-03 | by ( Anna Cooban | ) edition.cnn.com time to read: +3 min

German shoemaker Birkenstock could be valued at up to $10 billion when it lists its shares on the stock market for the first time. The family-owned firm traces its origins back to 1774, when church archives mention Johannes Birkenstock, who worked as a cobbler in Langen-Bergheim, Germany. In the nine months to the end of June this year, revenues grew 21% compared with the same period in 2022 to reach €1.12 billion ($1.17 billion). (CNN and “Barbie” distributor Warner Bros. Pictures have the same parent company, Warner Bros. UK-based chip designer Arm (ARM) was lured to US shores last month, listing on the Nasdaq, and currently has a market capitalization of $54 billion.

Persons: London CNN —, Birkenstock, Johannes Birkenstock, Bocsi, Krisztian Bocsi, Dior —, Brothers Christian, Alex Birkenstock, Barbie, “ Barbie, “, ” Susannah Streeter, Hargreaves Lansdown Organizations: London CNN, New York Stock Exchange, Bloomberg, Getty, Tiffany, Brothers, CNN, Warner Bros . Pictures, Warner Bros ., Nasdaq, Hargreaves Locations: Langen, Bergheim, Germany, Berlin, Birkenstock, €, Europe, United States

☆ Birkenstock walks tightrope with $11 bln price tag
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +2 min

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. REUTERS/Fabrizio Bensch Acquire Licensing RightsLONDON, Oct 2 (Reuters Breakingviews) - Birkenstock is taking a bold step forward. Fresh from publicity from the Barbie movie, the German sandals maker is targeting a valuation of up to $11 billion, including debt, in its New York stock listing next week. Hoping to build confidence among investors, owner L Catterton has secured the backing of anchor investors including Bernard Arnault’s investing vehicle Financière Agache and Norway’s wealth fund. At $44 to $49 per stock, the offer values the group’s equity between $8.3 billion and $9.2 billion.

Persons: Fabrizio Bensch, L Catterton, Bernard Arnault’s, Martens, Pamela Barbaglia, Lisa Jucca, Oliver Taslic 私, 「 Organizations: REUTERS, Reuters, Nike, 「 Reuters Locations: Berlin, Germany, New York

☆ Stevie Nicks, Fleetwood Mac icon, now has her own Barbie
▼ + stars: | 2023-10-02 | by ( Amarachi Orie | ) edition.cnn.com time to read: +3 min

CNN —The likeness of Stevie Nicks, former member of rock band Fleetwood Mac, has been immortalized in a new Barbie doll – and the singer-songwriter is made up. The 75-year-old presented her Barbie doll to fans at her Madison Square Garden show in New York City on Sunday, calling it “Stevie Barbie,” a video posted on Instagram on Monday by entertainment company Live Nation showed. The doll, which forms part of Mattel’s Barbie Music Series, has smoky eyes and bangs and holds Nicks’ signature ribboned tambourine. Jamie McCarthy/Getty Images“We wanted to wish Stevie Nicks a happy 75th birthday in the best way possible. #Barbie #YouCanBeAnything.”Nicks' Barbie doll carries some of the artist's signature items, including her tambourine, platform boots and golden moon necklace.

Persons: Stevie Nicks, Fleetwood Mac, Barbie, Stevie Barbie, ”, Mattel’s, Nicks, Jamie McCarthy, ” Mattel, “ Stevie Nicks, Bill Greening, that’s, @StevieNicks, ” Nicks, Mattel, ‘ Organizations: CNN, Toy, Mattel, Madison Locations: Madison, New York City

☆ Pope Francis says some people in same-sex unions could be blessed
▼ + stars: | 2023-10-02 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +4 min

Rome CNN —Pope Francis has suggested for the first time that people in same-sex unions could be blessed by Catholic priests on a “case-by-case” basis, a seeming reversal of previous statements. The cardinals, Walter Brandmuller, Raymond Leo Burke, Juan Sandoval Iniguez, Robert Sarah and Joseph Zen Ze-kiun, first sent the letter to Pope Francis on July 10. It focused on an upcoming October meeting of bishops, asking what impact it could have on Church’s teaching, and included questions about the Pope’s intention to bless same-sex unions, and whether he intends to open the door to women priests through ordination. The Vatican then released a letter in Spanish dated September 25 signed by Cardinal Victor Manuel Fernández, the Vatican’s new chief of doctrine. The response includes Pope Francis’ answers to the dubia, signed “Francis.”On the issue of homosexual unions, the pontiff reiterated that the church only recognizes marriage as a union between a man and a woman, but opened the door for blessings of individuals in same-sex unions, the letter shows.

Persons: Rome, Rome CNN — Pope Francis, Pope, –, Walter Brandmuller, Raymond Leo Burke, Juan Sandoval Iniguez, Robert Sarah, Joseph Zen Ze, Pope Francis, Cardinal Raymond Burke, Burke, Cardinal Victor Manuel Fernández, Pope Francis ’, “ Francis, ”, Pope John Paul II, vaguer, “ Organizations: Rome CNN, Catholic, Church Locations: Cologne, Rome

☆ Taylor Swift and Beyoncé and could save movie theaters. But for how long?
▼ + stars: | 2023-10-02 | by ( Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —Add to the list of Taylor Swift and Beyoncé’s accomplishments an unlikely new mission: Helping to save movie theaters, as theater owners – apparently tired of waiting for Hollywood to mount a rescue mission – have seemingly opted to take matters into their own hands. Swift’s deal with AMC to play a concert movie based on her “Eras Tour,” opening October 13, will be followed by Beyoncé’s plan to do the same with her “Renaissance World Tour,” destined to hit theaters in December. Taylor Swift performing in August during her "Eras Tour." Getty ImagesWhether this amounts to a stopgap measure or a full pivot into a new opportunity for theaters remains to be seen. For now, the twin power of Beyoncé and Swift could represent the unlikely heroes for which theaters – having spent the last few years grappling with existential questions about the future – have been waiting.

Persons: Taylor Swift, Beyoncé’s, “ Barbie ”, “ Oppenheimer, –, ” “ Indiana Jones, ”, Swift, Beyoncé, Marvel’s, DC’s Organizations: CNN, AMC Locations: Hollywood

☆ Germany's Birkenstock targets $9.2 billion valuation in New York IPO
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +1 min

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York. The U.S. securities regulator is well-staffed now that a government shutdown has been averted, allowing it to review IPO filings by companies looking to take advantage of the long-awaited reopening of the IPO window. On its website, the company says all elements of its design - the buckles, the straps, the sole and the footbed - have a "functional purpose". Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany. Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.

Persons: Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley Organizations: U.S . Securities, Exchange Commission, underwriters Locations: New York, U.S, Rhineland, Palatinate, North Rhine, Westphalia, Hesse, Saxony, Germany

☆ We thought we avoided recession. Turns out we're not in the clear yet.
▼ + stars: | 2023-10-01 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

The US economy showed signs of a soft landing this summer. In September, the Federal Reserve buoyed those hopes by keeping interest rates unchanged for the first time since the first quarter of 2022. At the start of the rate increase, many borrowers, such as existing homeowners, had low mortgage interest rates locked in. As the economist David Rosenberg says, it typically takes six months for a recession to hit the economy after interest rates increase by this much. AdvertisementAdvertisementAnd while Powell said a soft landing is "possible," he also warned that it could be decided by factors "outside our control."

Persons: —, Taylor, Oppenheimer, Morgan, David Rosenberg, Eric Thayer, Janet Yellen, Jerome Powell, Powell Organizations: Service, National Association of Business Economics, Bank of America, Federal Reserve, JPMorgan, Costco, Bloomberg, Gas Locations: Monterey Park , California

The performances of all four films – “PAW Patrol: The Mighty Movie,” “Saw X,” “The Creator” and “Dumb Money” – told a familiar story at the box office. “PAW Patrol,” from Paramount Pictures and Spin Master, had timing on its side. A third “PAW Patrol” movie has already been green-lit. Sony Pictures’ “Dumb Money,” expanded nationwide after two weeks of limited release but failed to ignite the kind of populist movement it irreverently dramatizes. Made for $30 million, “Dumb Money” wasn’t a massive bet.

Persons: ”, ” –, Brian Robbins, Chris Rock, Tobin Bell, James Wan’s, Gareth Edwards, John David Washington, “, Craig Gillespie, Paul Dano, Pete Davidson, Seth Rogen, Anthony Ramos, Jonathan Demme, Comscore, “ Barbie Organizations: Paramount Pictures, Nickelodeon, Paramount, Lionsgate, New Regency, Disney’s, Century Studios, Sony Pictures, GameStop, Hollywood Locations: Venice

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