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☆ Disney’s ‘The Little Mermaid’ rakes in $117 million at the US box office on opening weekend
▼ + stars: | 2023-05-29 | by ( David Goldman | ) edition.cnn.com time to read: +2 min

New York CNN —Disney’s live-action movie “The Little Mermaid” brought in $117.5 million at the US box office in the fifth-best opening for Memorial Day weekend in history, according to Box Office Mojo. Despite the controversy, the movie was among the most successful films ever to debut on Memorial Day, Box Office Mojo reported. Last year’s “Top Gun Maverick” tops that list with $160 million at the US box office over the long holiday weekend. That came in a hair lower than “The Little Mermaid” with an opening weekend haul of $116.8 million. Including international ticket sales, “The Little Mermaid” brought in $185.8 million over the weekend.

☆ A Lego Crime, a YouTube Rivalry, and the End of a Star Wars Friendship
▼ + stars: | 2023-05-21 | by ( David Kushner | ) www.businessinsider.com time to read: +30 min

Those who are into Lego Star Wars are among the most popular. It was at an informal contest where Louis met Victor, a fellow Lego Star Wars fanatic. Soon they ranked among the most popular Lego Star Wars YouTubers in France, known for the size and scope of their MOCs. The two friends no longer fit with that satisfying click that comes from snapping together two Lego bricks. Though it must have taken a truck to haul away all of Louis' Lego, no neighbor reported seeing anything suspicious.

☆ 'Elon has his mojo back': A top Tesla investor shares the biggest takeaways from the shareholder meeting and why the stock is a must-have in your portfolio now
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Tesla investor Ross Gerber told Insider why he's grown more bullish on the stock. In February, Gerber launched a bid for a board seat, saying Tesla needs to "grow up" and build its image beyond Musk. The appointment of the new Twitter chief and updates at the Tesla meeting even changed his investment view. "You gotta own Tesla in your portfolio with Elon re-focused on Tesla," Gerber said. "Tesla needs to understand that they have millions of users, and someone has to be in charge of the user experience, not just updating software," the money manager said.

☆ This investor holds $74 million in Tesla stock. Here's why he's bullish on the future of Elon Musk's EV company.
▼ + stars: | 2023-05-20 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Phil Rosen here — today I'm excited to share my conversation with a high-profile Tesla shareholder who recently campaigned for a board seat at Elon Musk's company. Twitter CEO Elon Musk appearing at a 2022 Tesla event. Suzanne Cordeiro/AFP via Getty ImagesRoss Gerber is the cofounder and CEO of Gerber Kawasaki Wealth and Investment Management, and holds 420,000 shares of Tesla stock, or about $74 million based on Tesla's current stock price. RG: You gotta own Tesla in your portfolio with Elon re-focused on Tesla. The strength of the US consumer is at risk as 43 million borrowers are set to resume student loan payments.

☆ Sevilla fight back to beat Juve and reach another Europa League final
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

The Spaniards will bid for a record-extending seventh Europa League title when they face AS Roma in the final in Budapest on May 31, after Jose Mourinho’s side drew 0-0 at Bayer Leverkusen to secure a 1-0 aggregate victory in their semi-final. But midfielder Suso levelled six minutes later with a stunning long-range strike to take the game into extra time. It was a cathartic night at Seville as the Europa League kings worked their magic yet again in their favourite competition after a difficult season. "This is madness, incredible, it's time to enjoy this amazing moment," Sevilla captain Jesus Navas told Movistar Plus. "The courage of the fans has carried us and we are here again in another European final.

☆ New York Is Full of Empty Offices After Covid. Make Way for the Playground City. - The New York Times
▼ + stars: | 2023-05-10 | by ( Edward L. Glaeser | Carlo Ratti | ) www.nytimes.com time to read: +20 min

We are witnessing the dawn of a new kind of urban area: the Playground City. The transformation toward the Playground City will not happen on its own. To draw people into the Playground City, we need to show, not tell. 6.Engage citizensGovernments should empower citizens to participate directly in making the Playground City. The Playground City sees people as both a means and an end, and it should involve them in the process of its creation.

☆ Theaters Need a Wider Slate of Blockbusters This Summer
▼ + stars: | 2023-05-09 | by ( Dan Gallagher | ) www.wsj.com time to read: 1 min

Tom Cruise’s ‘Top Gun: Maverick’ racked up a global box office of nearly $1.5 billion. Photo: Paramount/Everett CollectionTom Cruise saved movie theaters last summer. As the summer movie season kicks off, hopes are high for a box office that looks much closer to the prepandemic norm. 3” gave the actual season a decent start with a $114 million domestic debut this past weekend. Taking in the most recent weekend’s tally, the domestic box office this year is tracking about 25% below the same point in 2019, according to Box Office Mojo.

May 5 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. An investor going long mega U.S. tech shares and short regional banks on January 1 would be doing well today. Yet Asian markets, stocks at least, have been fairly unruffled. If Asian markets get a steer from local events on Thursday, it will most likely come from China's services PMI. The bar for beating the previous month is high - the last time services sector activity in China grew faster than March was almost three years ago.

☆ Flutter Q1 revenues jump 29% as U.S. races ahead, UK bounces back
▼ + stars: | 2023-05-03 | by ( Padraic Halpin | ) www.reuters.com time to read: +2 min

Led by its Fanduel brand, Flutter maintained its leading 50% share of the U.S. sports betting market after revenue jumped 92% year-on-year on a constant currency basis. UKI revenue had fallen sharply in the same period last year, partly due to the impact of measures to curb gambling addiction. Chief Executive Peter Jackson put about half the growth down to product improvements and said competitors belatedly adopting safer gambling measures may also have helped Flutter outperform the market, which he estimated was flat year-on-year. Revenue also rose 69% on a constant currency basis in its international division, where Flutter said the recently acquired Italian gaming operator Sisal performed exceptionally well. The Dublin-based firm forecast in November that Fanduel's revenue would jump to around $15 billion over the long term - twice Flutter's entire revenue last year.

☆ ‘The Super Mario Bros. Movie’ Becomes the First Billion-Dollar-Plus Film of 2023
▼ + stars: | 2023-05-01 | by ( Rolfe Winkler | ) www.wsj.com time to read: 1 min

‘The Super Mario Bros. Movie’ had the biggest-ever global opening weekend for an animated title. Photo: Nintendo and Universal Studios/Associated Press“The Super Mario Bros. Movie” surpassed $1 billion in estimated global box office receipts on Sunday, the first movie to do so in 2023, according to research firm Comscore . Through Sunday the film has grossed $490 million domestically and $532 million internationally. Only five films have crossed the billion-dollar mark since the onset of the pandemic, according to Box Office Mojo: “Avatar: The Way of Water,” “Spider-Man: No Way Home,” “Top Gun: Maverick” and “Jurassic World: Dominion.”

☆ The first movie to cross $1 billion so far this year wasn't a superhero movie — it's 'The Super Mario Bros.'
▼ + stars: | 2023-05-01 | by ( Will Gendron | ) www.businessinsider.com time to read: +2 min

'The Super Mario Bros. Movie' continues to dominate the global box office. It has become the first movie of 2023 and the first video game movie ever to reach this benchmark. Over the weekend, "The Super Mario Bros. Movie" officially surpassed the $1 billion mark at the global box office. It grossed more than double the box office of the second highest-grossing movie of the year, Marvel's "Ant-Man and the Wasp: Quantumania," per Box Office Mojo. Meanwhile, "The Super Mario Bros." has a tight run time of just 92 minutes.

☆ ‘Succession’ Season 4, Episode 6: Cool New Rule
▼ + stars: | 2023-04-30 | by ( Noel Murray | ) www.nytimes.com time to read: +3 min

Roman’s initial response is to troll, by making a snide comment about the “incredibly evolved, ruthlessly segregated” community of Los Angeles. But Kendall is excited about them putting their own stamp on Waystar, and thinks these two firings may impress the markets. It’s a reasonable assumption too, because Kendall is in full Icarus mode throughout this episode. There are few things more entertaining in “Succession” than Kendall in a boss groove, tossing out big ideas and buzzy business jargon at a rapid clip. (“Numbers aren’t just numbers, they’re numbers,” Pete sputters.)

☆ Celebs like Aubrey Plaza and Emma Roberts are getting slammed for Big Milk ad campaigns: 'I thought we left the cow milk propaganda in the 90s'
▼ + stars: | 2023-04-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Actor Aubrey Plaza took heat after starring in a campaign that mocked plant-based milk with the fake brand "Wood Milk." Social media users have been quick to call out Plaza, as well as others like Emma Roberts, for recent collaborations with Big Milk. "Is Wood Milk real? "Only real milk is real." Only dairy milk is real milk.

☆ EBay forecasts upbeat revenue as sneakers, refurbished items drive growth
▼ + stars: | 2023-04-26 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

The upbeat results soothed investor sentiment, which was hit after eBay earlier this year said that demand weakness will persist in the first half of 2023. EBay is expanding listings under refurbished electronics, luxury bags and watches, and the collectibles category. San Jose, California-based eBay now expects June-quarter revenue in the range $2.47 billion to $2.54 billion, higher than analysts' projection of $2.43 billion, according to Refinitiv. Revenue in the most recent March quarter grew 1% to $2.51 billion, also beating analysts' estimate of $2.48 billion. EBay's shares have gained 4.6% so far this year, compared with a 13.3% rise in the tech-heavy Nasdaq index (.IXIC).

☆ Inside the Wild World of Celebrity Keynote Speakers: Drugs, Alcohol
▼ + stars: | 2023-04-23 | by ( David Kushner | ) www.businessinsider.com time to read: +31 min

"I never saw myself as a speaker, let alone a motivational speaker," Leonard tells me while his assistant irons his jeans. 'When I ramble," Hunter told me, "hit me in the leg!" Every plane had been grounded, including the one stuck on the tarmac with an increasingly inebriated Hunter Thompson trapped inside. But by far the most all-consuming task was booking gigs for Hunter Thompson. Just before a debate with G. Gordon Liddy at Brown University, Hunter demanded that Betsy Berg, whom I now worked alongside at GTN, score him some crystal meth.

☆ P&G earns household-staple status
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

The $356 billion company said on Friday that sales grew 4% year-over-year to $20 billion in the three months ended March 31. That growth was led by a 10% price hike for the second consecutive quarter, while also growing market share in the United States. P&G warned of higher commodities and packaging costs, as well as wage inflation. P&G is proving that the cushy Charmin double roll is irreplaceable. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Traders wait to see if Netflix can keep its streak of subscriber surprises going
▼ + stars: | 2023-04-18 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Netflix reports earnings after the bell Tuesday and traders know that pretty much all that matters to the stock is how many subscribers did the streamer add for the prior period. Netflix's recent streak of subscriber surprises come after the streaming giant struggled to add subscribers in the fourth quarter of 2021 and glaringly missed consensus expectations in the following quarterly period. But Netflix has doubled off its 52-week low as it got its subscriber mojo back. Here's a look at recent quarters' subscriber additions vs. Wall Street estimates and the subsequent stock reaction, according to Goldman Sachs data. Although ad-supported subscribers represent 1% of Netflix's U.S. subscriber base, Goldman analysts expect this plan to attract additional members.

☆ Stocks making the biggest moves midday: Micron, Pioneer Natural Resources, Block, AMC and more
▼ + stars: | 2023-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Micron Technology — Micron Technology's shares gained 8% after its rival Samsung Electronics announced that it plans to cut memory chip production in the near term. Excelerate Energy , EQT and other gas stocks — Shares of Excelerate Energy, EQT and other gas stocks ticked higher as natural gas futures climbed. Apple's stock price lost 2%, Google-parent Alphabet shed 2.8% and Microsoft lost 1.4%. New Fortress Energy — The stock gained 4% after Deutsche Bank initiated New Fortress as a buy. AMC's stock price popped 6.7%, IMAX soared by 2% and Cinemark gained 5.7%.

☆ Milk consumption is down 20% among younger generations: 'I feel like this is another punch line about us'
▼ + stars: | 2023-04-05 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +3 min

Gen Z milk consumption is down 20% compared to other generations. To combat the drop, the dairy industry is scrambling with campaigns and other efforts to increase milk's popularity. But even some of the poster children for dairy milk aren't drinking the stuff, the New York Times reported. She said she began avoiding dairy milk after she learned of its negative impacts on her sports-induced asthma, and after her sister became a vegan. Still, using figureheads like Zapata, the dairy industry wants milk to be in the good graces of millennials and Gen Z.

☆ Warner Bros. Discovery is bringing Harry Potter back as it closes in on a deal for a new TV series, report says
▼ + stars: | 2023-04-04 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Warner Bros. Discovery is close to a deal for a new Harry Potter TV series, per Bloomberg. The people, who asked not to be identified because the deal is yet to be announced, said Warner Bros. Warner Bros. Meanwhile, the overall Harry Potter franchise which includes books, toys, and games has earned $15 billion, Insider reported in 2021.

LONDON, March 27 (Reuters) - Funds have dumped their bets on higher copper prices as the turbulence triggered by the collapse of Silicon Valley Bank continues to roil financial markets. The investment community has turned net short of CME copper for the first time in five months, while funds have cut their long exposure on the London Metal Exchange (LME). Investors' negativity towards Doctor Copper contrasts with the bullish headlines generated by the FT Commodities Global Summit. Investment funds bought into copper in January, the net long position expanding from 11,830 to 32,397 contracts at the end of the month. Bulls such as Trafigura and Goldman Sachs contend it's a very thin inventory cushion if China rediscovers its copper mojo.

Asian markets could rebound on Tuesday from their sluggish start to the week, after a deal to buy the assets of stricken U.S. bank Silicon Valley Bank (SVB) prompted a relief rally in financials and allayed fears of deeper systemic stress. Treasury's sale of $43 billion five-year notes on Tuesday and $35 billion of seven-year notes on Wednesday will be worth monitoring. There are no central bank policy decisions on Tuesday, but investors can expect a slew of headlines from central bank officials around the world to hit their screens. In Asia, Bank of Japan governor Haruhiko Kuroda gives a speech, and finance ministers and central bank governors of the ASEAN nations attend a three-day summit in Bali. European Central Bank and Bank of England chiefs Christine Lagarde and Andrew Bailey head a raft of European policymaker events.

☆ Analysis: What's behind bitcoin's latest surge?
▼ + stars: | 2023-03-22 | by ( Tom Wilson | ) www.reuters.com time to read: +5 min

The original and biggest cryptocurrency has been here before, its 15-year history peppered with dramatic price increases and equally vertiginous drops. Driving bitcoin's gains have been its core user base of retail investors, analysts said. In the past, too, dramatic price swings for bitcoin have been closely tied to shifts in monetary policy globally. In 2022, bitcoin plummeted over 65% as higher rates triggered the fall of a major crypto token, precipitating the closure of major hedge funds and crypto lenders. To be sure, some investors say developments to bitcoin's intrinsic characteristics are now capable of supporting its price.

☆ Meet Laxman Narasimhan, a coffee industry outsider who just took over as CEO of Starbucks
▼ + stars: | 2023-03-20 | by ( Avery Hartmans | Nancy Luna | ) www.businessinsider.com time to read: +6 min

Laxman Narasimhan officially took over as Starbucks CEO, replacing Howard Schultz. Narasimhan is new to the coffee industry, having started his career in the consulting world before joining PepsiCo, and, later, British consumer goods company Reckitt Benckiser. Narasimhan built his career in the beverage and consumer-goods industriesLaxman Narasimhan at Starbucks Investor Day in September 2022. Starbucks said at the time that Narasimhan would begin as CEO on April 1, taking over for interim CEO Schultz. Of the 365 Starbucks stores that have held votes to unionize, 292 have voted to form a union.

☆ Could some cloud-based software stocks be getting back their mojo?
▼ + stars: | 2023-03-16 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCould some cloud-based software stocks be getting back their mojo? Mad Money host Jim Cramer talks to Okta CEO Todd McKinnon about the cloud-based software company's new focus on profitable growth.

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