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☆ P&G price hikes have no-tears effect on US wallets
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +2 min

Pampers, a brand owned by Procter & Gamble, is seen for sale in a store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsWashington/NEW YORK, Oct 18 (Reuters Breakingviews) - If Americans are fed up with inflation, their checking accounts aren’t showing it. Procter & Gamble (PG.N) topped earnings expectations on Wednesday after raising prices 7% year-over-year in the third quarter. Imagine all producers of such goods raised prices by 7% in the past year, as P&G did. P&G credits innovation, and if it can squeeze where others can’t, it may even be able to raise prices more.

Persons: Andrew Kelly, Forrester, Ben Winck, John Foley, Jean, Pierre Mustier, Atos, Larry Fink, Uncle Sam, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: Procter & Gamble, REUTERS, Washington, Reuters, of America, PepsiCo, X, News Corp, Thomson Locations: Manhattan , New York City, U.S

☆ Starboard dusts off old plan at News Corp
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

A view of the signage outside the News Corporation building in New York, U.S., September 21, 2023. REUTERS/Bing Guan Acquire Licensing RightsNEW YORK, Oct 16 (Reuters Breakingviews) - Maybe it takes a pile on to move the Murdoch family’s thinking. Reuters reported on Friday that Jeff Smith’s Starboard is the latest activist to try and unlock value at News Corp (NWSA.O), the publisher of the Wall Street Journal, owner of book conglomerate HarperCollins and Realtor.com. Starboard, which took a position in the $13 billion company, is pushing for a spinoff of the real estate assets, according to the Wall Street Journal. Last year Irenic Capital Management agitated for the same transaction in reaction to the Murdochs’ desire to reunite News Corp with broadcasting company Fox (FOXA.O).

Persons: Bing Guan, Murdoch, Jeff Smith’s, pushback, Jennifer Saba, Jean, Pierre Mustier, Atos, Larry Fink, Uncle Sam, Lauren Silva Laughlin, Sharon Lam, Aditya Sriwatsav Organizations: News Corporation, REUTERS, Reuters, News Corp, Wall Street Journal, HarperCollins, Wall Street, Capital Management, Fox, X, Thomson Locations: New York, U.S, Europe

☆ Dollar General bets on old boss’s old magic
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Oct 13 (Reuters Breakingviews) - Dollar General (DG.N) is reaching back to happier days. In that time, shares plummeted 60%, compared to rival Dollar Tree’s (DLTR.O) gentler decline of roughly a fifth. Meanwhile, Dollar General has repeatedly missed analyst expectations as net profit margin fell from nearly 7% to estimates of 3% for this quarter, according to LSEG. Under his previous stint from 2015 until 2022, shares returned an annualized 19%, beating Dollar Tree, Walmart (WMT.N) and Big Lots (BIG.N). Dollar General faces plenty of challenges shared by all retailers, from rising wages to shifting consumer spending.

Persons: Todd Vasos, Jeff Owen, Vasos, Walt Disney, Bob Iger, Howard Schultz, outperforming, doesn’t, Jennifer Saba, Larry Fink, Uncle Sam, Jonathan Guilford, Sharon Lam Organizations: Reuters, Walmart, Walt, Starbucks, X, Infosys, Thomson Locations: Europe

☆ BlackRock’s Larry Fink squares off with Uncle Sam
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Laurence Fink, founder and chief executive officer of BlackRock, Inc. speaks during the Reuters Global Investment Outlook Summit in New York, U.S., November 13, 2017. REUTERS/Lucas Jackson Acquire Licensing RightsNEW YORK, Oct 13 (Reuters Breakingviews) - BlackRock (BLK.N) calls every dollar it manages a “unit of trust” expressed by clients. The trouble for the investing behemoth led by Larry Fink is that there’s an increasingly reliable custodian of such assets these days: Uncle Sam. Even so, $644 billion has crowded into retail money-market funds this year, crimping BlackRock’s all-important stock portfolios. Fink has been bulking up in infrastructure, credit and other investments that are harder to trade, but which also generate higher fees.

Persons: Laurence Fink, Lucas Jackson, ”, Larry Fink, Uncle Sam, Fink, crimping, Jonathan Guilford, Jeffrey Goldfarb, Sharon Lam Organizations: Inc, Reuters Global Investment, REUTERS, Reuters, BlackRock, Graphics, Treasury, X, Infosys, Thomson Locations: BlackRock, New York, U.S, Europe

☆ How to Invest in Mutual Funds
▼ + stars: | 2023-10-11 | by ( Mallika Mitra | ) www.wsj.com time to read: +20 min

Mutual funds are relatively cheap and simple to invest in, thanks to the many trading apps and online brokerages available nowadays. To get started, read on for our 10-step guide on how to invest in mutual funds. Once you open an account, you can invest in a wide range of securities, like stocks, bonds and mutual funds. Buy mutual fund sharesNow that you’ve solidified your strategy and done your research, you are almost ready to buy mutual funds. How to buy mutual fund sharesSome mutual funds require an investment minimum, often between $500 and $3,000, but not all do.

Persons: Mallika Mitra, Tricia Rosen, ”, Rosen, “, Ameritrade, Roth, Roth IRAs, Uncle Sam, you’ve, Randy Bruns, it’s, Morningstar, Russell, hasn’t, Amy Arnott, John Bogle, Morningstar’s Arnott, pitfall Arnott, You’ll, you’ll, Don’t, Sam, haven’t Organizations: Mutual, Fidelity, Vanguard, Morningstar, SEC, Apple, Fidelity Investments Fidelity, Target, Walmart, Funds, Capital Group, Capital Group’s, The Securities, Exchange Commission, Social, Consumer, Morgan, Capital Locations: Andover, Mass, Naperville , Illinois, U.S

☆ Do I Get Taxed on a High-Yield Savings Account?
▼ + stars: | 2023-10-09 | by ( Aly J. Yale | ) www.wsj.com time to read: +5 min

Today, you can even find some banks offering high-yield savings accounts with 5% APYs or higher, up from just 0.50% to 1% a few years ago. Has your high-yield savings account been racking up interest this year? How high-yield savings accounts are taxedThe interest you earn on a high-yield savings account—or any other savings account, money market account or certificate of deposit, for that matter—is subject to state and federal income taxes. What’s more, savings account and CD interest contrast with investment income, which is often taxed at lower rates. Some IRAs offer access to high-yield savings accounts.

Persons: Aly J, Uncle Sam, you’d, ”, Rob Burnette, that’s, They’re, Jan, You’ll, you’ll, Banks, you’ve, ” Burnette, you’re, Roth, won’t, Burnette, “ Organizations: Yale, Federal Reserve, Outlook Financial, IRS Locations: Texas, Illinois , Indiana , Michigan, Pennsylvania, Troy , Ohio

☆ How Much Should I Contribute to My 401(k)?
▼ + stars: | 2023-10-09 | by ( Tanza Loudenback | ) www.wsj.com time to read: +10 min

401(k) contribution limits 2023 For 2023 Projected 2024 Maximum contribution $22,500 $23,000 Catch-up contribution $7,500 $7,500 IRS, MercerMost 401(k) contributions, including employer matches, go into a pretax, or traditional, 401(k) account. Some employers offer a Roth 401(k), which is essentially the inverse—but more on that later. To ensure you’re getting the full benefit of a 401(k) match, find out your employer’s matching formula and the maximum they could contribute. Should I contribute to a traditional 401(k) or a Roth 401(k)? In general, it makes sense to contribute to a Roth account when you have low or moderate income.

Persons: you’ve, Sam, ”, Derek Pszenny, “, Don’t, Marcy Keckler, Pszenny, ” Pszenny, You’ll, you’re, ” Keckler, Max, Roth IRAs, Roth, IRAs aren’t, IRAs, Keckler Organizations: Carolina Wealth Management, Mercer, Social Security, Ameriprise, Vanguard Locations: North Caroline

☆ Analysis: A messy government shutdown is the last thing the economy needs
▼ + stars: | 2023-09-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Against this precarious backdrop, Washington is on the verge of a messy shutdown of the federal government. A shutdown probably won’t wreck the economy, especially if it’s short. And if it a shutdown lasts long enough, it could, along with these other headwinds, do some real damage. The US Travel Association estimates the domestic travel economy would lose as much as $140 million a day from a government shutdown. “Uncertainty regarding federal operations will likely persist for the next few months.”Given all the other obstacles facing the economy, chaos in Washington is the last thing the economy needs.

Persons: New York CNN —, ”, Greg Valliere, Joe Brusuelas, Goldman Sachs, —, Uncle Sam, Mark Zandi, don’t, ” Zandi, AGF’s, “, ” Moody’s Organizations: New, New York CNN, UAW, Big Three, Federal, Federal Reserve, AGF Investments, RSM, American Federation of Government Employees, TSA, US Travel Association, Companies, Moody’s, AAA, Goldman Locations: New York, Washington, United States

☆ Uncle Sam Wants You—to Fight High Drug Prices
▼ + stars: | 2023-09-25 | by ( Joseph Walker | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/health/pharma/uncle-sam-wants-youto-fight-high-drug-prices-42b3edee

Persons: Dow Jones

☆ 'We've reached a new level of narcissism': Long-time bear David Rosenberg explains why a recession is still coming — and names 7 investments that can save investors from the pain
▼ + stars: | 2023-09-23 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

Rosenberg continued: "But it's a false debate because the choice isn't between a soft landing and a recession. Consumers are the lifeblood of the US economy, and if they're forced to cut back on spending, Rosenberg thinks growth would quickly turn negative. Investors nervous about the economy should target stocks in four defensive parts of the market, Rosenberg said: consumer staples, healthcare, telecommunications, and utilities. "As growth is scarce, you want to own what's scarce, so you want to own growth stocks," Rosenberg said. "I'm probably much more bullish on growth than I am on value because value is very cyclical, and growth stocks tend to be valued on a longer-term earnings profile."

Persons: David Rosenberg, Rosenberg, we've, Rosenberg isn't, hasn't, nonfarm payrolls, that's, Uncle Sam, " Rosenberg, they're, couldn't, he's, he'd Organizations: Federal Reserve, Rosenberg Research, Technology, Fed Locations: YOLO

☆ A 'sugar baby' is taking over TikTok with her post about the many demands her 'daddy' has for her, but the real story is wilder than you'd think
▼ + stars: | 2023-09-20 | by ( Hannah Getahun | Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

"Did I say sugar baby? "Did I say Sugar baby? I meant Soldier," Desirè Victoria wrote in a TikTok post published on August 27. AdvertisementAdvertisement@its_perfectlyimperfect_ I quit my job and became a full time sugar baby 🤷🏽‍♀️ - - - Many dont realize the perks of being a Soldier , the easist job I have had. Victoria said the "sugar baby" benefits include money for rent, flights and transportation, and personal expenses.

Persons: Victoria, Uncle Sam Organizations: US Army, Service Locations: Wall, Silicon

☆ Employee benefits season is coming. Prepare these tax-advantaged accounts for growth
▼ + stars: | 2023-09-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

An opportunity to maximize tax-favored growth in your investment account is around the corner: employee benefits season. But it's also prime time to check in on contributions to and the underlying investments in 401(k) plans, individual retirement accounts and health savings accounts, which can offer a bevy of tax benefits. Enter asset location, which involves positioning the assets with the highest growth prospects and yield for growth and tax efficiency. "And too many people in my opinion are unlikely to touch their retirement accounts for more than a decade, and yet a lot of it is in cash or cash-like investments." In contrast, tax-deferred retirement accounts could be split 80/20 for workers who are early to mid-career, McLoughlin said.

Persons: it's, Barry Glassman, Glassman, Sam, Roth, Roth IRAs, Brenna McLoughlin, McLoughlin Organizations: Wealth Services, CNBC's, Wealthstream Advisors

☆ Opinion | Can Samantha Power Win the Battle for Ukraine’s Future?
▼ + stars: | 2023-09-13 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

Years ago, during the George W. Bush administration, I shadowed another U.S.A.I.D. Despite some notable gains, especially in areas such as girls’ education, it was clear the agency was struggling. In the end, approximately $145 billion in assistance — about $20 billion of which was administered by U.S.A.I.D. Would the story turn out similarly in Ukraine, a state that last year ranked alongside Angola in Transparency International’s Corruption Perceptions Index? That’s what I went to Ukraine to see for myself.

Persons: I’ve, George W, Bush, Henrietta Fore, ” —, Sam’s, — Organizations: American Embassy, U.S.A.I.D, Angola Locations: Afghanistan, Ukraine

☆ Screw it, I solved the student debt forgiveness debate
▼ + stars: | 2023-09-05 | by ( Walt Hickey | ) www.businessinsider.com time to read: +8 min

The government should reduce the interest rate on federal student loans, and forgive any that's accrued. Half of Americans support forgiving up to $20,000 in federal student loan debt, a figure that soars to 83% among those who have student loans. Forgiving all student loan debt still maintains 39% support, a remarkably high figure for a fiscal policy that even a decade ago would have been an utter non-starter politically. Americans owe just south of $1.6 trillion in student loan debt. As a result, an equitable solution is this: retroactively adjust the interest rate on federal student loans to be at or near zero.

Persons: that's, Uncle Sam, Luke O'Neill, hasn't, Jesus Christ, you've, vig, RANDI LYNN BEACH, They'll Organizations: Service Locations: Wall, Silicon, United States

☆ If you found gold coins, meteorites or cash stuffed in a piano, the tax man wants a piece
▼ + stars: | 2023-08-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +1 min

Consider this a public service announcement for all treasure hunters: Uncle Sam wants a piece of your loot. Someone who makes a valuable discovery — whether gold coins, meteorites or even cash — generally owes tax on that haul, which is known as "found" property. More from Personal Finance:How to leverage 0% capital gains with this lesser-known tax strategyLawmakers weigh tax rule 'backslide' for Venmo, PayPal usersIRS unveils 'paperless processing initiative' for taxpayers"Is there a treasure-hunter exclusion?" The haul would therefore be taxed at ordinary-income tax rates. These tax rates (which also apply to income like job wages) are up to 37%.

Persons: Uncle Sam, Troy Lewis, Lewis, it's Organizations: Brigham Young University ., Finance, Venmo, PayPal, IRS

☆ How Oliver Anthony’s ‘Rich Men North of Richmond’ became a chart-topping conservative anthem
▼ + stars: | 2023-08-17 | by ( Scottie Andrew | ) edition.cnn.com time to read: +10 min

CNN —In a matter of days, Oliver Anthony’s working-class anthem, “Rich Men North of Richmond,” has gone from viral sensation to legitimate country hit. “Rich Men North of Richmond” touches upon Anthony’s time as a factory worker in Western North Carolina, he said in the video shared before the song was posted online. Conservative media personality Jason Howerton said he has offered to pay to produce Anthony’s record and that Rich had agreed to produce it. (A representative for Rich told CNN on Wednesday that there “isn’t much to report on” about Anthony and Rich working together. Anthony's song has been compared to Aldean's for their rural perspectives and embrace by conservatives.

Persons: Oliver Anthony’s, “ Rich, ”, dethroning Luke Combs, Jason Aldean, Marjorie Taylor Greene, Matt Walsh, Anthony, he’s, “, …, ” Anthony, That’s what’s, Oliver Anthony, Richmond ”, Christopher Anthony Lunsford, Jeffrey Epstein, Epstein, RadioWV, it’s, Kari Lake, Lauren Boebert, ” It’s, Travis Tritt, John Rich of, Jason Howerton, Rich, Jason Aldean's, parlayed, “ Don’t, “ Oliver Anthony’s, Phil, Dolly Parton, Johnny Cash, Loretta Lynn, Anthony’s, Uncle Sam’s, Merle Haggard’s “, Guy Drake’s “, Cadillac ”, ain’t Organizations: CNN, North, Apple, iTunes, US Rep, YouTube, Richmond, Virgin Islands, Arizona, John Rich of Big, Rich, Conservative, Records, Facebook Locations: Richmond, ”, Virginia, Appalachia, Western North Carolina, Washington , DC, Virgin, Currituck , North Carolina, America

U.S. One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. Managing the ballooning debt is more challenging now than when S&P stripped the United States of its AAA rating in 2011. The deficit before interest payments was lower then, economic growth was weak but still higher than prevailing interest rates, and the Fed was buying boatloads of bonds. Interest payments as a share of federal revenue, spending, and the economy are set to reach historically high levels early in the next decade. It's not just the supply of debt that matters - demand to hold that debt is critical.

Persons: Dado Ruvic, Fitch, Uncle Sam, Carter, Chris Marsh, Bonds, Phil Suttle, It's, Jamie McGeever, Kirsten Donovan Organizations: REUTERS, AAA, Fed, Carter Administration, Investors, Reuters, Treasury, CBO, Suttle, Thomson Locations: ORLANDO, Florida, Washington, United States, Foreign, China, Treasuries, U.S

A 401(k) is an excellent retirement savings account, but it shouldn't be the only one you choose. Tax diversification in retirement will protect you from changes in tax law and keep money flowing. The benefits of tax diversification in retirementInvesting in both pre- and post-tax retirement accounts gives you the best of both worlds. If you have extra funds available, consider investing next in an after-tax account like a Roth IRA or Roth 401(k). In other words — like the benefits of portfolio diversification, tax diversification reduces your overall risk from tax law changes or other policy changes.

Persons: you've, Roth, there's, you'll, Roth IRAs, you'd, Uncle Sam Organizations: Service, Roth Locations: Wall, Silicon

☆ Winner of record $1.6 billion-plus Mega Millions jackpot should watch out for these pitfalls, experts warn
▼ + stars: | 2023-08-09 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

The Mega Millions jackpot grew to more than $1.6 billion on Aug. 9, 2023. Justin Sullivan | Getty ImagesThere's finally a winner for the massive Mega Millions jackpot — but the lucky ticketholder may face unexpected pitfalls, experts say. A single ticket sold in Florida matched all six numbers Tuesday night, marking the game's largest prize in history, according to Mega Millions. While Florida doesn't tax lottery winnings, there's an upfront 24% federal tax withholding that goes to the IRS. 'The curse of the lottery is real'In addition to taxes, the Mega Millions winner will likely encounter other obstacles, experts say.

Persons: Justin Sullivan, there's, they'll, Andrew Stoltmann, Let's, Stoltmann, Warren Racusin, Lowenstein Sandler, Sam Organizations: Mega, Stoltmann Law, Republicans Locations: Florida, Chicago

☆ Here are six ways the rich save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
▼ + stars: | 2023-08-04 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +6 min

Thanks to tax cuts made during the Trump administration, Americans can give or hand down nearly $13 million in assets without paying federal estate tax. Currently, individuals and married couples can gift or bequeath $12.92 million and $25.84 million, respectively, before a 40% federal estate tax kicks in. The heirs don't own the trust assets but rather have lifetime rights to the trust's income and real estate. Private-placement life insurance, or PPLI, can be used to pass on assets from stocks to yachts to heirs without incurring any estate tax. These trusts pay a fixed annuity during the trust term, which is usually two years, and any appreciation of the assets' value is not subject to estate tax.

Persons: Uncle Sam, Trump, Robert Strauss, Weinstock Manion, Wrigley, Jeff Bezos, Rich, Ron Wyden, PPLI Organizations: Taxpayers, IRS, Biden, Blackstone, Lombard International, Federal Reserve Locations: Cayman Islands, Bermuda, Florida, Wyoming, Plenty

☆ What this week's U.S. credit rating downgrade means for your money
▼ + stars: | 2023-08-03 | by ( Ryan Ermey | ) www.cnbc.com time to read: +4 min

Markets hit the skids on Wednesday after Fitch Ratings downgraded its rating on U.S. debt to AA+ on Tuesday evening — one notch below the agency's highest rating of AAA. "The repeated debt-limit political standoffs and last-minute resolutions have eroded confidence in fiscal management," the rating firm said in a press release. In historical context, though, this week's downgrade is less of a big deal than it seems, experts say. the rating agency dinged Uncle Sam's once perfect credit rating. "In some ways, the S&P downgrade echoes the current downgrade from Fitch," Sam Millette, fixed income strategist for the Commonwealth Financial Network, wrote in a recent note.

Persons: Fitch, Ryan Detrick, — Fitch, —, Bonds, Uncle Sam's, Jon Maier, hasn't, Sam Millette, Maier Organizations: Fitch, AAA, Nasdaq, Dow, Carson Group, Moody's, Global, Commonwealth Financial Network Locations: Washington, creditworthiness, Fitch

CNN —There may not be any lasting major negative ramifications from the surprise US credit rating downgrade by Fitch this week — not for the economy, not for consumers and not for the government’s ability to borrow. Normally, when your credit score as a consumer falls — or your credit rating as a country — there are negative consequences. Here’s why the United States is unlikely to see that kind of impact from the Fitch downgrade. The downgrade wasn’t a huge dropFitch cut its US credit rating to AA+ from what had been a sterling AAA rating. “Fitch’s credit rating is an expression of the probability of a default.

Persons: You’re, Fitch, “, brinkmanship, Marc Goldwein, you’re, ”, Mark Zandi, Yellen, Jamie Dutta, Dutta, ” George Mateyo, ” Mateyo, ” José Torres, Torres, it’s, ” Torres, Uncle Sam, CRFB, – CNN’s Krystal Hur, Allison Morrow Organizations: CNN, Fitch, AAA, Committee, U.S . Treasury, Moody’s, AA, “, Vantage, Key Private Bank, Federal Reserve, Interactive Brokers, Moody’s Investors Service, Treasury, Congressional, Social Security Locations: United States, States, corporates, United

☆ One-two punch barely fazes Uncle Sam
▼ + stars: | 2023-08-02 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Former U.S. President and Republican presidential candidate Donald Trump speaks at a campaign event in Council Bluffs, Iowa, U.S., July 7, 2023. Fitch Ratings knocked the U.S. government from its perfect AAA grade, becoming the second major ratings agency to demote the country’s debt. Just minutes later, Donald Trump was indicted for his attempts to overturn the 2020 election. Yet despite the latest one-two punch, a resilient economy and the dollar’s global standing make it hard to bet against Uncle Sam. Former U.S. president Donald Trump was indicted on Aug. 1 for his sweeping efforts to overturn the results of the 2020 presidential election.

Persons: Donald Trump, George Washington’s “, It’s, Treasury Department ., Uncle Sam, Trump, Peter Thal Larsen, Sharon Lam Organizations: U.S, Republican, Reuters, Fitch, AAA, Bank for International, Treasury Department, Treasury Department . Fitch reckons, Former U.S, Trump, Thomson Locations: Bluffs , Iowa, U.S, WASHINGTON, Washington, American

☆ Investors are making the same mistake they made during the dot-com and housing bubbles, analyst says
▼ + stars: | 2023-08-02 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Investors are so excited about stocks that they're missing the bigger, grimmer economic picture. Danielle DiMartino Booth said the complacency reminded her of the dot-com and housing bubbles. She pointed to a surge in bankruptcies and mounting pressures in the bank and real estate sectors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. DiMartino Booth has made it clear she's in the latter camp for now.

Persons: Danielle DiMartino Booth, We're, BNN, DiMartino Booth, Biden, Sam, Jeremy Siegel, Paul Krugman, David Rosenberg, Jeremy Grantham Organizations: Service, QI Research, BNN Bloomberg, Nasdaq, Dallas Fed, Federal Reserve Locations: Wall, Silicon

☆ Movie Theaters Are Essential. We Need to Treasure Them Before They’re Gone. - The New York Times
▼ + stars: | 2023-07-30 | by ( Mark Jacobson | ) www.nytimes.com time to read: +2 min

I was there with 200 or so other patrons, a gloriously mixed crowd, to see “Oppenheimer,” one half of the Barbenheimer cultural moment. For a moment, it was possible to forget the grim realities that still linger for the cinema business, circling like vultures. So is Regal, which narrowly avoided having to close its theater in Union Square. On the day before the blockbuster weekend, the Regal UA in Staten Island, one of the last remaining theaters in that borough, closed its doors for good. In the time of streaming and 146-inch TV screens, the simple act of going out to the movies feels contrarian, even subversive.

Persons: “ Oppenheimer, ”, beheld, we’d, tellingly Organizations: AMC, Regal UA, Paris, Netflix, Radio City Music Hall, Machine, Union Locations: New Mexico, Union, Staten Island, Manhattan, York

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