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☆ What Is Your Earliest Pandemic Memory?
▼ + stars: | 2024-03-07 | by ( Catherine Pearson | More About Catherine Pearson | ) www.nytimes.com time to read: +1 min

Remembering life in the earliest days of the pandemic shutdowns can feel like trying to conjure an apocalyptic dream: the empty streetscapes, the shrieking ambulances, the sudden scramble to find toilet paper and hand sanitizer. As the fourth anniversary of the Covid-19 pandemic approaches, The Times wants to know: When did the pandemic hit home for you? What do you remember thinking, feeling and seeing in those turbulent early days of March 2020? Do you still have photos on your camera roll from your first time wearing a mask, or heading to work as an essential employee while the rest of the world hunkered down? Or perhaps the reality of the pandemic came on suddenly, as you or a loved one got sick.

Persons: — Organizations: Times

☆ House passes key government funding bills as lawmakers rush to beat shutdown deadline
▼ + stars: | 2024-03-06 | by ( Clare Foran | ) edition.cnn.com time to read: +5 min

The House voted on Wednesday to pass a package of six government funding bills as lawmakers race the clock to get the legislation through both chambers before an end of the week shutdown deadline. The Senate must next take up the measure as lawmakers face a pair of upcoming shutdown deadlines on Friday and March 22. The finalized package of spending bills – backed by the top Democrats and Republicans in both chambers – represents a major breakthrough for lawmakers. House Republicans, who have an extremely narrow majority, passed the package on a bipartisan basis. “As soon as the House sends the appropriations bills over to the Senate.

Persons: Joe Biden, Chuck Schumer, ”, ” Schumer, Mike Johnson, Biden, “, ” Johnson, Kevin McCarthy, Schumer, It’s, Biden’s, CNN’s Morgan Rimmer Organizations: Republicans, House Republicans, Democrats, Agriculture, Commerce, Justice, Veterans Affairs, Energy, Housing, Urban Development, and Drug Administration, WIC, “, Louisiana Republican, Department of Justice, Biden, ATF, FBI, Biden Administration, Senate, Union Locations: Transportation, China, Louisiana, Biden’s State

☆ '2024 will be the year of the zombie VC reckoning.' The first wave of walking-dead venture firms is here and it's already causing headaches for tech founders.
▼ + stars: | 2024-03-04 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

Unlike other businesses, venture firms do not suddenly go out of business. Limited partners such as pensions and endowments that fund venture firms have been choosier, cutting off capital to firms that have not generated acceptable returns. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December that it was suspending new investments and laying off staff. In a written statement, he later explained that Sinai Ventures has been rebranded to Sinai Capital Partners. Do you know of a venture firm no longer actively investing?

Persons: VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame —, Fudge, We're, Paul Weinstein, Weinstein, Ryan Swager, Brandon Zeuner, Alsop Louie, Alsop Louie Partners, Gilman Louie, Stewart Alsop, Jason Preston, Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Divergent's, Hone, Ben Bergman Organizations: Business, Bloomberg Beta, Lightship Capital, Sapphire Partners, BI, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Alsop Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, Alto , California, San Mateo , California, Lumia, Seattle, bbergman@insider.com

☆ '2024 will be the year of the zombie VC reckoning.' The first wave of dying venture firms is here and it's already causing headaches for tech founders.
▼ + stars: | 2024-03-04 | by ( Ben Bergman | ) www.businessinsider.com time to read: +10 min

AdvertisementUnlike other businesses, venture firms do not suddenly go out of business. Why it is so difficult to spot a dying fundOpenView Venture Partners announced in December it was suspending new investments and laying off staff. With the help of Pitchbook, BI looked through data for hundreds of venture firms. Hinge last raised a $19 million fund in 2021 but has not made an investment since November 2022, according to Pitchbook. Do you know of a venture firm no longer actively investing?

Persons: —, VCs, Anna Barber, they'll, they're, Roy Bahat, Brian Brackeen, they're reallocating, Beezer Clarkson, Clarkson, Jake Saper, Bahat, Jordan Fudge, Zachary White, Carlos Adame, Fudge, We're, Paul Weinstein, Weinstein, Cofounders Ryan Swager, Brandon Zeuner, Louie, Alsop Louie Partners, Partners Gilman Louie, Stewart Alsop, Jason Preston, Partners Tyler Peterson, Mike Morgan, Robert Patterson, DEFTA, George Hara, Martin Gedalin, Kevin Ober, Hone, Ben Bergman Organizations: Service, Business, Bloomberg Beta, Lightship, Sapphire Partners, BI, Sapphire Ventures, Venture Partners, Foundry Group, Sinai Ventures, Sinai Capital Partners, Capital, San, Louie Partners, Partners, Ventures Peninsula Ventures, LinkedIn Locations: Los Angeles, San Francisco, San Mateo , California, Seattle, Alto, bbergman@insider.com

☆ ‘Dune 2’ jolts sleepy box office with $81.5 million opening
▼ + stars: | 2024-03-03 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

1 spot in its opening weekend with a strong $81.5 million in domestic sales, according to studio estimates. The sequel beat out the first Dune installment, which opened with $41 million when it was released in domestic theaters in October 2021. According to Comscore data, “Dune: Part Two” is the largest opening for Timothee Chalamet, Rebecca Ferguson and Austin Butler. Box office revenue is down 13.5% compared to this time last year, Comscore data shows. February and March have, over the past three years, reliably housed movie releases from established franchises and properties including “The Batman,” ($134 million opening weekend) “Creed III” ($58 million) and “Uncharted” ($51 million).

Persons: ”, Jeff Goldstein, Warner, Timothee Chalamet, Rebecca Ferguson, Austin Butler, It’s, Denis Villeneuve’s, Denis Villeneuve, Goldstein, Paul Dergarabedian, “, III ” Organizations: CNN, Warner Bros . Pictures, Warner Bros, Warner Bros ., Dolby, Comscore, Studios

☆ Continuing resolutions are a silly way to run a government, but we do it every year
▼ + stars: | 2024-03-02 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

October 1 has been the official kickoff date for the federal fiscal year since 1977. Lawmakers have passed at least one continuing resolution in all but three of the years in the nearly half-century since. Instead, they will wrap the spending bills into larger packages – frequently called an “omnibus” that is passed in December or later. In 1997, for instance, there was no CR, but the spending bills were all passed together as an omnibus. Don’t hold your breath for them to get the 2025 spending bills done on time.

Persons: ”, Joe Biden, haven’t, Maya MacGuineas, CNN’s Tami Luhby, arrearages, Biden, What’s, Mike Johnson Organizations: CNN, CRs, Journalists, Senate, Lawmakers, Congressional Research Service, GAO, Federal, WIC, Budget, Low Income, Energy Assistance, National Energy Assistance, Association, Partnership for Public Service, Democratic, Capitol Hill, Agriculture, FDA, Commerce, Justice, Science, Energy, Water, Veterans Affairs, Transportation, Housing, Urban Development, Defense, Financial Services, General Government, Homeland Security, Labor, Health, Human Services, Foreign Locations: Washington, State

☆ The Oscars Give Hollywood a Chance to Celebrate. After That? It’s Grim. - The New York Times
▼ + stars: | 2024-03-01 | by ( Mark Harris | ) www.nytimes.com time to read: +2 min

The Oscars are the climax of an awards season that’s a prolonged exercise in collective congratulation, and in early March the rest of the year still looks bright. The Sundance Film Festival and its attendant bidding wars have wrapped up, offering nothing but promise and excitement. At the box office, the biggest bets of the year have typically not yet opened and thus have not yet bombed. For Hollywood, 2023 was not so much a disaster as a preview of disasters to come. That fury persists: Each new headline about the huge compensation package for Robert Iger, Disney’s chief executive, or decisions by David Zaslav, the chief executive of Warner Bros.

Persons: that’s, blithely, Robert Iger, David Zaslav Organizations: Sundance Film, Hollywood, Warner Bros

☆ Economic Dividend of Immigration Faces Legal and Logistical Hurdles
▼ + stars: | 2024-02-29 | by ( Lydia Depillis | ) www.nytimes.com time to read: +1 min

The U.S. economic recovery from the pandemic has been stronger and more durable than many experts had expected, and a rebound in immigration is a big reason. A resumption in visa processing in 2021 and 2022 jump-started employment, allowing foreign-born workers to fill some holes in the labor force that persisted across industries and locations after the pandemic shutdowns. Immigrants also address a longer-term need: replenishing the work force, a key to meeting labor demands as birthrates decline and older people retire. International instability, economic crises, war and natural disasters have brought a new surge of arrivals who could help close the still-elevated gap between labor demand and job candidates. But that potential economic dividend must contend with the incendiary politics, logistical hurdles and administrative backlogs that the surge has created.

Organizations: Office

☆ Congress closing in on partial budget deal ahead of shutdown deadline
▼ + stars: | 2024-02-28 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Negotiators are working on an agreement for six funding bills, four of which expire Friday. But a partial shutdown is still not out of the question. A partial shutdown would impact several government agencies, including agriculture, Veterans Affairs, transportation and housing. What a partial shutdown looks likeIf the four funding bills do expire Friday, their corresponding agencies would shut down Saturday at 12:01 a.m. A partial shutdown would leave those agencies' roughly 100,000 federal employees without pay for any new work during the shutdown, whether they are furloughed or not.

Persons: Chuck Schumer, Mike Johnson, Joe Biden, Johnson, Athina Lawson, Bobby Kogan, Biden, Kogan Organizations: U.S, Capitol, Washington , DC, Lawmakers, Congressional, White, Congress, Veterans Affairs, Social Security, D.C, Department of Housing, Urban, Agriculture, Rural Development Locations: Washington ,

☆ House Speaker Johnson knows shutdowns aren't good for Republicans politically, says Tobin Marcus
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHouse Speaker Johnson knows shutdowns aren't good for Republicans politically, says Tobin MarcusTobin Marcus, Wolfe Research head of policy and politics, joins 'Squawk Box' to discuss the latest negotiations on Capitol Hill to avert a government shutdown, whether a deal can be reached to keep the government fully open, biggest concerns for investors, and more.

Persons: Johnson, shutdowns, Tobin Marcus Tobin Marcus, Wolfe Organizations: Email, Republicans, Wolfe Research, Capitol

☆ SimpleClosure just landed more VC funding, and its a sign that another wave of startup shutdowns is likely on the way
▼ + stars: | 2024-02-27 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +4 min

Infinity Ventures's Jeremy Jonker, former head of corporate development and PayPal Ventures at PayPal, led the most recent funding round, joining investors including Michael Vaughn and Jon Pomerantz of Vera Equity and Rex Salisbury of Cambrian Ventures. "It's been sign up after sign up after sign up," he told Business Insider in an interview. SimpleClosure's funding round comes as more startups than ever are shutting down thanks to a tech-market downturn that's left plenty of companies in the lurch. 770 startups shut down in 2023, up from 467 the year before, according to data from cap-table management startup Carta. "More than half of our customers have been entrepreneurs who are already starting their next company," Yona said.

Persons: VCs, Jeremy Jonker, Michael Vaughn, Jon Pomerantz, Vera Equity, Rex Salisbury, Dori Yona, SimpleClosure, Yona, he's, couldn't, doesn't, there's, We've, what's Organizations: Business, PayPal, Cambrian Ventures, SimpleClosure, Carta Locations: fintech

☆ House GOP's budget 'poison pills' could force spending cuts, rattle economy
▼ + stars: | 2024-02-27 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

House Republican hardliners' efforts to stonewall a budget deal ahead of a looming government shutdown could risk triggering automatic spending cuts later this spring that may put pressure on the U.S. economy's already fraught recovery. A full-year budget deal to avert the FRA cuts appears increasingly unlikely, amid staunch opposition from the House's ultraconservative wing. Freedom Caucus derailmentMembers of the House Freedom Caucus, a coalition of hardline conservatives, have been working to derail a permanent budget. Instead, they want to extend the current temporary spending resolution through the rest of the fiscal year, ensuring the FRA's spending cuts are triggered on April 30. But if the FRA's automatic spending cuts take effect, they could rattle the broader economy's teetering recovery.

Persons: Mike Johnson, Jake Sullivan, economy's, Joe Biden, Chuck Schumer, Mitch McConnell, Hakeem Jeffries, Jan, Johnson, Kevin McCarthy, McCarthy, McConnell, Piper Sandler, Nancy Lazar, Lazar, Sen, Patty Murray Organizations: National Security, U.S, Capitol, House Republican, Congressional Research Service, Caucus, Democrat, Freedom Caucus, Congressional Locations: Washington ,, stonewall, D

☆ Restaurants Across America Are in Crisis Because of Stubborn Diners
▼ + stars: | 2024-02-22 | by ( Corey Mintz | ) www.businessinsider.com time to read: +13 min

Unlike most in rich countries, American restaurant servers depend primarily on tips for their income. You might not know “dynamic pricing” by name, but if you’ve ever booked a flight, hotel room, or gone to the movies on a Tuesday, you understand it intrinsically: Dynamic pricing is when the price of goods or services fluctuates based on demand. “When confronted with dynamic pricing, customers react negatively,” a 2022 study said . In late 2023, after 35 years, Bayless decided to try dynamic pricing, raising the dinner menu on weekends from $165 to $185. Nick Kokonas, who cofounded Toast, also uses dynamic pricing at his Chicago restaurants.

Persons: Toast, they’re, Tipping, Michael Lynn, Zachary Brewster, Lynn, L’Oca, “, ” Adam Orman, we’ve, haven’t, Crudo, you’ve, Sherri Kimes, Rick Bayless, Bayless, It's, ” Bayless, ”, Roger Yang, Nick Kokonas, Ari Weinzweig, ” Weinzweig, Yang, Corey Mintz Organizations: National Restaurant Association, Bureau of Labor Statistics, waitstaff, Cornell University, “, Michelin Locations: America, Italian, Austin, Angeles, Chicago, Toronto, Ann Arbor , Michigan

☆ Some hear echoes of the Web3 frenzy around generative AI. But its future is likely to play out very differently.
▼ + stars: | 2024-02-19 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

Mariam Pettit, partner at Global Founders Capital, said the rush toward AI was in part driven by investor FOMO. While investors and industry insiders don't anticipate the same fate for generative AI startups, many see the parallels between the two industries. Indeed, VCs are paying premiums and pre-empting rounds into hot AI startups in a bid to get a place on the cap table. AI founders are aware that they need to differentiate themselves in order to survive, at the very least. "And with vertical AI startups, it's much clearer that all the data we have is approved by the creator of that data."

Persons: Marc Andreessen, ChatGPT, Mariam Pettit, FOMO, Rainer Haeckl Web3, Sam Bankman Fried, Ash Arora, LocalGlobe, Arora, Sam Altman, Andreessen Horowitz, Ayman Fadil, Fadil, Pettit, Devang Agarwal Organizations: Business, Alpha, Global Founders Capital, Investors, Tech, Talis Locations: German, London, Web3, LocalGlobe, Jasper

☆ Let's accept it: The Fed's rate hikes did little to slow this roaring economy
▼ + stars: | 2024-02-19 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. I have not been a fan of this company because of its losses and its inability to pivot to profit. You have to add the DoorDash numbers to the Toast numbers to see the strength of the go-out and go-in parts of the economy. I am just saying that the Federal Reserve does not have a handle on how overheated this economy has become. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Todd Schneider, Kevin Hourican, Ralph Lauren, Ralph, That's, Lam, Barry Sternlicht, Otis, There's, Eaton, Parker, Uber, it's, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Walmart, Home, Philadelphia Eagles, Applied Materials, Federal Reserve, Simon Property Group, Costco, Property, Reuters, Saudi, Mastercard, American Express, Lam Research, Nvidia's, Waste Management, Starwood Capital, U.S, Fed, Jim Cramer's Charitable, CNBC Locations: DraftKings, China, Emerson, Dover, Cummins, —, Wells Fargo, San Francisco

☆ Don’t look now but gas prices are rising fast
▼ + stars: | 2024-02-16 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

Gas prices always rise as winter winds down because demand increases and gas stations must switch over to more expensive summer fuel. No matter the cause, rising gas prices are bad news for consumers already frustrated by the cost of living. And they undercut the election year message of a White House that previously pointed to cheap gas prices as evidence that Bidenomics is working. First, oil prices — the main driver of retail gas prices — tend to increase during this time of the year. For instance, without the usual backstop, last summer’s historic heatwave that knocked some refineries offline unexpectedly lifted gas prices across the country.

Persons: New York CNN —, ”, Patrick De Haan, doesn’t, De Haan, That’s, Andy Lipow, It’s, BP’s Whiting, Whiting, Lipow, ” Lipow Organizations: New, New York CNN, AAA, ’, Lipow Oil Associates, ”, BP, heatwave Locations: New York, Washington, Southern California, Indiana, Midwest, Ohio, Illinois, Colorado , Utah, Arizona, New Mexico, Colorado, That’s, Israel, Iran, Saudi Arabia

☆ Senate advances $95 billion Ukraine, Israel funding bill, faces uphill battle as budget talks loom
▼ + stars: | 2024-02-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

By a final tally of 67-32, senators voted to begin debate on a $95 billion aid package to fund Ukraine, Israel, Taiwan and humanitarian aid in war-torn regions. The $95 billion bill was a stripped-down version of the Senate's $118 billion bipartisan funding package, which was released on Sunday. Ukraine aid was the centerpiece of a particularly dramatic saga in September. But Johnson's hatred for CRs might not be enough to outweigh his desire to torpedo the Senate's foreign aid bill. Even if senators can pass the $95 billion, border-less bill, House Republicans have not confirmed which way they will swing on it.

Persons: Chuck Schumer, Schumer, tanked, Kevin McCarthy, McCarthy, Mike Johnson Organizations: Democratic Caucus, U.S . Capitol, Republicans, Republican, CRs Locations: Washington , U.S, Ukraine, Israel, Taiwan

☆ Opinion | Can America Survive a Party of Saboteurs?
▼ + stars: | 2024-02-08 | by ( Paul Krugman | ) www.nytimes.com time to read: +1 min

Almost four years have passed since Congress approved and Donald Trump signed a huge relief bill designed to limit the financial hardship created by the Covid-19 pandemic. The CARES Act did its job. Furthermore, fears that generous aid during the pandemic would undermine America’s work ethic — that adults would leave the labor force and never come back — proved totally wrong. So the CARES Act was a huge policy success. But given recent political developments, I’ve found myself thinking: What would have happened if Democrats in 2020 had behaved like Republicans in 2024?

Persons: Donald Trump, “, San Francisco Fed, I’ve Organizations: Federal Reserve, San Francisco, Age Labor

☆ Tech layoffs are way down from last year. Why does it feel so grim?
▼ + stars: | 2024-02-07 | by ( Alistair Barr | ) www.businessinsider.com time to read: +2 min

2024 has started with another wave of tech industry layoffs. AdvertisementIn early 2023, a decade of abundance came to a painful end for many tech workers. Software job postings are also relatively healthy, suggesting that tech companies are still hiring even as they shed other workers. AdvertisementSmall, continual job cutsSo why does it still feel so grim across the tech industry? This year, there's small, continual job cutting by many tech companies, rather than a single huge round of layoffs.

Persons: Matt Hedberg, it's, Amazon, Meta, Mark Zuckerberg, hadn't Organizations: Google, RBC Capital Markets, Pharmacy

☆ The chief strategist at Citi Global Wealth shares his top growth investments for a resilient economy in 2024 — including his highest-conviction commodity that will triple its demand by 2030
▼ + stars: | 2024-02-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Inflation was certainly severe and very troubling for markets, but ultimately its sources were transitory, Wieting said. As other energy-based companies and commodities grapple with a transition to clean energy, copper is expected to reap the benefits. The transition to clean energy and the move toward electric vehicles means demand for copper will triple by 2030, according to Citi Global Wealth's 2024 outlook. He believes the Magnificent Seven will be a strong part of the economy going into 2024 once again. Therefore, investors should look for opportunities in mid-cap growth or those within the S&P 400, the benchmark for the US mid-cap stocks.

Persons: Steven Wieting, Wieting Organizations: Federal, Citi Global Wealth, Business, Housing, Citi Global

☆ Federal budget deficit expected to soar to $2.6 trillion in 2034, CBO says
▼ + stars: | 2024-02-07 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —The federal budget deficit will balloon from $1.6 trillion this fiscal year to $2.6 trillion in fiscal year 2034, according to the latest Congressional Budget Office outlook released Wednesday. A major reason for the widening gap between revenue and spending: a spike in net interest payments on the federal debt due to higher interest rates. The nation’s debt held by the public is expected to rise to a record 116% of the economy by 2034. CBO’s deficit projection will likely add pressure to congressional lawmakers who have yet to agree on funding for federal agencies for fiscal year 2024. Budget experts called on Congress to take action to address the nation’s worsening fiscal situation.

Persons: MacGuineas, they’ve, Mike Johnson, ” Michael Peterson, Peter G Organizations: CNN, Congressional, Social Security, Medicare, CBO, GOP, Capitol, Federal, House Republicans, Peterson Foundation

☆ Wall Street is watching for a $10 billion domestic box office in 2026. Disney could get it there
▼ + stars: | 2024-02-02 | by ( Sarah Whitten | ) www.cnbc.com time to read: +5 min

While 2024 and 2025 boast franchise-rich movie slates, Wall Street doesn't expect ticket sales to top $10 billion domestically until 2026. The domestic box office has not hit that benchmark since 2019 before the Covid pandemic. When the box office does again surpass that threshold, Disney could be the driving force. After all, the first Avatar generated nearly $800 million at the domestic box office after its release in 2009. Therefore, where industry experts see gaps between major tent poles, there could be smaller-budgeted films that add incremental value to the overall box office.

Persons: it'll, Eric Handler, Roth, snared, Handler, Shawn Robbins, Robbins, Bob Iger, It's, Jonathan Majors, Taylor, it's Organizations: ANGELES, Star Wars, Disney, Marvel, Pixar, Disney Animation, Universal, Paramount, Warner Bros, Hollywood, Angel, AMC, Comcast, CNBC Locations: U.S, Canada, NBCUniversal

☆ Why is it so hard to find a job right now despite low unemployment?
▼ + stars: | 2024-02-02 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

Vargas, a special education instructor, has been mired for months in various stages of interviews for three teaching jobs. Employers' hiring rate fell sharply in 2023, Zhao said. They'll often toss out some number around 40, he told BI. AdvertisementHitting the numbers on job applications is also a priority for Kevin Cash, who previously told BI he's applied to more than 1,200 jobs and has mostly been ghosted. She's accepted a part-time job and plans to teach private classes for students learning English as a second language.

Persons: —, Lynne Vargas, Vargas, Daniel Zhao, Cory Stahle, Zhao, Josh Bersin, Debbie Lovich, Lovich, Royal Siu, They'll, Siu, it's, Kevin Cash, They're, Jeff Calnan, Indeed's Stahle, Stahle, She's Organizations: Service, Business, Employers, Federal, BI, Boston Consulting Group, Navy, US Air Force Locations: Middletown , New York, Seattle, Woburn , Massachusetts

☆ The two key updates in Apple's earnings that sellers of the stock are overlooking
▼ + stars: | 2024-02-01 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Cash flow and capital allocation In its June quarter, Apple generated operating cash flow and free cash flow results that handily exceeded Street expectations. The Mac's return to growth is also notable, especially given the shorter quarter, indicating a significant acceleration in growth versus the September quarter. In services, sales advanced 11% year over year on the back of double-digit growth in paid subscriptions. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Tim Cook, Cook, Apple, Siri, we're, it's, Luca Maestri, We've, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Apple, Vision, CNBC, Apple Vision, Getty Locations: China, Malaysia, Mexico, Philippines, Poland, Turkey, India, Indonesia, Saudi Arabia, Chile, Kantar, U.S, Japan, Australia

☆ To stream or not to stream: Hollywood studios could send more films to the big screen as Wall Street pushes for profits
▼ + stars: | 2024-01-31 | by ( Sarah Whitten | ) www.cnbc.com time to read: +6 min

Since it came out on Jan. 12, the $36 million film has tallied $83 million globally, according to data from Comscore. Low-budget films are typically those that cost under $20 million — films from the horror genre often fall in this category, as well as some independent features. The annual box office those years reached $11.9 billion and $11.4 billion, respectively. Domestic wide releases by year 2017 — 107 wide releases2018 — 112 wide releases2019 — 112 wide releases2020 — 32 wide releases2021 — 67 wide releases2022 — 71 wide releases2023 — 95 wide releases * Wide releases are any films that debut in more than 2,000 locations. Source: ComscoreIn 2023, 95 films had wide releases, 15% fewer titles than pre-pandemic times, and the box office barely surpassed $9 billion.

Persons: Bebe Wood, Renee Rapp, Avantika, Eric Handler, Roth, Paul Dergarabedian, Demeter, — Organizations: Plastics, Paramount Paramount, Paramount, Wall Street, Street, Netflix, Disney, Universal, Warner Bros Locations: Comscore

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