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☆ A mysterious 4,000-year-old slab may be a treasure map that could point the way to long-lost Bronze Age riches
▼ + stars: | 2023-10-18 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Scientists found it was a gigantic map, likely used by a Bronze Age prince to rule the area. AdvertisementAdvertisementMysterious engravings on an ancient stone slab, long relegated to the storage area of an ancient castle, might reveal the locations of long-lost Bronze Age treasure. The scientists are now hoping to uncover the last secrets of the map to find new Bronze Age archaeological sites. The map was likely used by a despotic Bronze Age rulerThe map could point the way to a burial mound of a prince, per a post from the National Archaeology Museum. AdvertisementAdvertisementIt's likely that it was once used by a prince from the early Bronze Age who would have directed a small military faction to forcibly rule the area.

Persons: —, Yvan Pailler, Paul du Châtellier, It's, Pailler, Clément Nicolas, Nicolas Organizations: Service, University of Western, Agence France Presse, Science Alert, French Museum of National Archaeology, AFP, Bournemouth University, National Archaeology Museum Locations: University of Western Brittany, AFP, Brittany, France, Europe

☆ Restored Paul McCartney and Wings tour bus to be auctioned
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +1 min

LONDON, Oct 17 (Reuters) - A fully restored double-decker bus used by Paul McCartney and his band Wings for a 1972 European tour is headed for auction next month, with bids expected at $200,000-300,000. Former Beatle McCartney and his late wife Linda formed the American-British rock band, Paul McCartney and Wings, known as Wings, together with drummer Denny Seiwell and guitarist Denny Laine in 1971, after the break-up of the legendary band. In the summer of 1972, they set off for the “Wings Over Europe" tour, travelling on the 1953 Bristol KSW double-decker bus, known as WNO 481. The bus, whose exterior is painted in shades of blue, red, green and yellow, with psychedelic artwork, reflecting the hippie style of the era, travelled across nine European countries on the 1972 tour. "This bus went all over south of France and Germany and Finland...just a summer of fun with the Wings band," said Nolan.

Persons: Paul McCartney, Beatle McCartney, Linda, Denny Seiwell, Denny Laine, Paul, Paul didn't, Martin Nolan, Nolan, Eric Clapton, Kurt Cobain, Marie, Louise Gumuchian, Deborah Kyvrikosaios Organizations: Wings, “, Bristol KSW, Julien's, Thomson Locations: European, British, Europe, Spain, Britain, France, Germany, Finland, Nashville

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

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

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

☆ Taylor Swift Eras Tour is the highest-grossing domestic concert film ever
▼ + stars: | 2023-10-15 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Box office analysts became Swifties in the lead-up to Taylor Swift's Eras Tour concert film release, estimating blockbuster-style opening weekend numbers. While the pop singer fell short of the $100 million benchmark, domestic ticket sales still topped $95 million, according to distributor AMC Entertainment. Already, the film has shattered records, becoming the highest-grossing concert film release domestically, surpassing Justin Beiber's "Never Say Never" film release, which hauled in $73 million over the course of its run in theaters in 2011, in a single weekend. Swift's Eras Tour film is also the widest-released concert film in history, arriving in more than 3,850 domestic locations during its debut. Initially, expectations said Swift could tally between $40 million and $60 million on Friday, on her way to an opening weekend draw of as much as $150 million.

Persons: Taylor, Swift, Shawn Robbins, Justin Beiber's, Miley Cyrus, There's, Robbins, Paul Dergarabedian Organizations: AMC Entertainment

☆ Logan Paul defeats Dillon Danis but security step into the ring as the bout ends in chaos
▼ + stars: | 2023-10-15 | by ( Issy Ronald | Ben Morse | ) edition.cnn.com time to read: +2 min

CNN —YouTube and WWE star Logan Paul defeated MMA fighter Dillon Danis by disqualification in Saturday’s influencer boxing event at the AO Arena in Manchester, England. But the occasion descended into chaos afterwards as security piled into the ring to separate the two fighters while Paul himself clambered on top of the ropes and held his arm aloft in a victory salute. “He’s supposed to be good at jiu-jitsu, what happened?” Paul said afterwards, according to broadcaster DAZN. “I said from day one, there’ll never be another Tyson Fury, I’m just trying to be the best Tommy Fury I can be.”The high-profile double-header garnered huge interest online – the quartet have a combined following of over 17 million on X, formerly known as Twitter. Misfits Boxing, the promotors of the event, told CNN that general sale of the tickets sold out within an hour, with the whole night being sold out in a week.

Persons: Logan Paul, Dillon Danis, Saturday’s, Paul, clambered, Danis, “ He’s, ” Paul, “, Tommy Fury, YouTuber KSI, Olajide, Olatunji, DAZN, Fury, Tyson Fury, ” “, ”, there’ll, I’m Organizations: CNN, YouTube, WWE, AO, DAZN, Reuters Locations: Manchester, England, Fury’s

☆ How to watch KSI vs. Tommy Fury, Logan Paul vs. Dillon Danis
▼ + stars: | 2023-10-14 | by ( Ben Morse | ) edition.cnn.com time to read: +7 min

The build up to Saturday’s fight card – headlined by KSI vs. Tommy Fury and Logan Paul vs. Dillon Danis – has been anything but low-key. Like KSI, Paul also became well-known because of his presence on the internet, but has more recently blossomed into a rising star in the world of wrestling entertainment on WWE. Boxing for legitimacyWhile Danis and Paul don’t have a long history of boxing matches, the same cannot be said about Fury and KSI. Fury celebrates after defeating Jake Paul in Riyadh, Saudi Arabia. The man that defeated the once undefeated Jake Paul is now my opponent and I can’t wait to silence all the doubters that believe I have no chance.

Persons: Tommy Fury, Logan Paul, Dillon Danis –, Paul, Jonathan Brady, KSI, Joe Weller, Floyd Mayweather Jr, Anderson Silva, Olajide, YouTubers, Fury, Tyson Fury, ”, YouTuber Jake Paul –, –, Conor McGregor, Nurmagomedov, Danis, Jake, Logan, Paul “, DAZN, X, Paul’s fiancée, Nina Agdal, Agdal, ” Logan Paul, Jake Paul, Nate Diaz, Sam Hodde, – Paul, hasn’t, Paul don’t, Joe Fournier, Paul Harding, ” KSI, “ Organizations: CNN, KSI, AO, YouTube, Misfits, WWE, UFC, Danis, American Airlines Center, Wembley Arena, Getty Locations: Manchester, England, British, Saudi Arabia, Danis, Riyadh

☆ Taylor Swift concert film draws $2.8 million from last-minute previews as theaters prepare for big opening weekend
▼ + stars: | 2023-10-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Taylor Swift fans had just eight hours to buy tickets for last-minute Thursday night previews of her Eras Tour concert film. Box office analysts don't see the small Thursday night haul as any indication of the potential success of Swift's film. Expectations are that Swift could tally between $40 million and $60 million on Friday, on her way to a an opening weekend draw of as much as $150 million. Swift's film is on pace to open in around 3,850 theaters, making it the widest domestic release of a concert film. AMC Entertainment, which is distributing the film, reported last week that presales for its theaters had already exceeded $100 million for the full run of Swift's film.

Persons: Taylor Swift, weren't, Paul Dergarabedian, Swift, Shawn Robbins, Miley Cyrus, Michael Jackson's Organizations: AMC, Marvel, Star Wars, AMC Entertainment Locations: Los Angeles , California

☆ Canada news industry body backs Google's concerns about online news law
▼ + stars: | 2023-10-12 | by ( Ismail Shakil | ) www.reuters.com time to read: +3 min

The logo of Google LLC is seen at the Google Store Chelsea in New York City, U.S., January 20, 2023. REUTERS/Shannon Stapleton/File Photo Acquire Licensing RightsOTTAWA, Oct 12 (Reuters) - A Canadian news industry body on Thursday lent support to some of Google's concerns about a new law that aims to make large internet companies share advertising revenue with news publishers in the country. Canada tried addressing tech companies' concerns about the law in draft rules released in September, but Google and Meta Platforms META.O were not convinced. "We are aligned that there should be a firm ceiling, rather than a floor on financial liability," Deegan said in the statement. "We will continue to engage those with questions or concerns, including tech giants," Heritage Minister Pascale St-Onge said in a statement, adding that Ottawa will be reviewing submissions received during public consultation for the draft rules.

Persons: Shannon Stapleton, Paul Deegan, Deegan, Pascale St, Onge, Ismail Shakil, Jonathan Oatis Organizations: Google, Chelsea, REUTERS, Rights OTTAWA, News Media Canada, Globe and Mail, Toronto Star, NMC, Globe, Thomson Locations: New York City, U.S, Canada, Ottawa

☆ A $150 million opening for The Eras Tour concert film? Don't doubt Taylor Swift
▼ + stars: | 2023-10-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +1 min

U.S. singer-songwriter Taylor Swift performs during her The Eras Tour concert at SoFi Stadium in Inglewood, California, on Aug. 7, 2023. Taylor Swift has sold out stadiums worldwide and now she's packing cinemas, with her sights set on a $100 million opening weekend for her The Eras Tour concert film — and that's on the conservative side. Box office analysts predict Swift's film could generate as much as $150 million during its debut this weekend, a figure that would make it the highest opening of a concert film ever, and also one of the highest openings of 2023. The film is expected to draw those who were unable to attend, as well as spark repeat viewings. "Given the unique nature of virtually every aspect of the marketing and theatrical release strategy of the Taylor Swift Eras Tour film, speculation is running rampant as to how massive the opening weekend will be," said Paul Dergarabedian, senior media analyst a Comscore.

Persons: Taylor Swift, Taylor, Shawn Robbins, Paul Dergarabedian, Swift Organizations: Instagram Locations: Inglewood , California, U.S, Canada

☆ Why France’s Cote d’Azur is one of the world’s best coastlines
▼ + stars: | 2023-10-11 | by ( Richard Quest | Joe Minihane | ) edition.cnn.com time to read: +9 min

This is the Côte d’Azur, the grand dame destination for European vacations. And no one artist is as synonymous with the Côte d’Azur as Henri Matisse. And it’s also one of the raw ingredients for another quintessentially Côte d’Azur product: Perfume. At Fragonard, they can also help you create your own personalized scent, something to remember the Côte d’Azur by. The Côte d’Azur is a spectacular place, somewhere that taps into a sense of elegance and retains a charm and beauty that is redolent of years gone by.

Persons: CNN —, bonne, St Tropez, Romulo Yanes, Condé Nast, Vanessa Massé, Massé, ”, it’s, Fleur de Courgette, Saint Paul de Vence, Gabrielle Therin, Henri Matisse, “, Florence Tournier, Matisse, Picasso, Renoir, Monet, Chagall, Tournier, Pierre Longnus, Jean, Pierre Jaubert, Lavender, Jaubert, gesturing, Jessica Buchanan, Bénédicte, Karina Hidalgo, Hidalgo, Buchanan Organizations: CNN, St, Michelin, Getty, Mediterranee, Bank Locations: Cassis, Menton, France, Antibes, Cannes, Nice, Monaco, Provence, Saint, Paris, “, Aix, Grasse, Fragonard

But “The Eras Tour” heralds something new and potentially game-changing in the movie industry. BTS earlier this year released a concert film, with higher ticket prices and limited showtimes. But “The Eras Tour” could be the start of an expansion of what, exactly, a movie theater can be. The movie, directed by Sam Wrench, would be a way for millions more to experience the Eras Tour. “The industry needs it and, frankly, so do consumers.”Meanwhile, “Taylor Swift: The Eras Tour” is poised to become the biggest concert film ever in about two days of release.

Persons: — Greg Marcus, they’ve, “ Taylor Swift, ”, Marcus, “, — Swift, Beyoncé, that’s, Swift, Sam Wrench, It's, Scott Swift, Travis Kelce, Adam Aron, Paul Dergarabedian, ” Dergarabedian, Makan Delrahim, Delrahim, ” Delrahim, Justin Bieber, Marcus ’, “ I’m, Jake Coyle Organizations: Marcus, Southern, Advance, AMC Theaters, Hollywood, Netflix, Metropolitan Opera, AMC, Kansas City Chiefs, NFL, Swift, American, Paramount, Department of Justice, “, Justice Department, Woodstock, Twitter Locations: Milwaukee , Wisconsin, Los Angeles, ”

"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

☆ 'The Exorcist: Believer' and Hispanic audiences: A match made in horror movie heaven
▼ + stars: | 2023-10-05 | by ( Mike Calia | ) www.cnbc.com time to read: +8 min

In this article CMCSAUVV Follow your favorite stocks CREATE FREE ACCOUNTStill from the set of "The Exorcist: Believer." The new "Exorcist" movie will draw big Hispanic audiences. Universal is seeing stronger-than-average Hispanic interest for "The Exorcist: Believer" as the movie heads into its opening weekend, according to people familiar with the matter. Hispanic and Latino viewers will have a big say in how "The Exorcist: Believer" does at the box office, no matter what. They tend to represent 26% of horror movie audiences, compared with 20% for other genres, according to the Comscore/Screen Engine PostTrak Audience Survey.

Persons: Lea, Rolando Rodriguez, Leslie Odom Jr, Hamilton, Taylor Swift, Paul Dergarabedian, R.C, Jara, Max von Sydow, Linda Blair, Bela Lugosi, Guillermo del Toro, bogeyman El, Llorona, Angel Melanson, they're, William Peter Blatty, Ellen Burstyn, Jason Miller, Melanson, David Gordon Green, Alfred Hitchcock's, William Friedkin, there's, Green Organizations: Studios, National Association of Theatre Owners, Comscore, Survey, Bettmann, Getty, Universal, CNBC, Pew Research Center, Universal Studios, Hollywood Locations: Cuban, Georgia, Hollywood, United States

☆ Beyonce's Renaissance Tour film is coming to save the day for the weak December box office
▼ + stars: | 2023-10-03 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Movie theaters will become a Bey Hive this December. Beyonce's appearance on the film calendar is a much-needed boon for the North American box office. Those offerings give Beyonce's movie plenty of room to run at the box office. It's unclear what Beyonce's film could open to in December, as tickets just went on sale Monday. Beyonce's tour looks to top out just above $560 million.

Persons: Taylor Swift's, Shawn Robbins, Beyonce, Aquaman, Paul Dergarabedian Organizations: AMC Entertainment, Parkwood Entertainment, Dolby, AMC, Cineplex, Harkins, North American, Hollywood, Warner Bros, Comscore, Industry

☆ Taylor Swift and Beyoncé prove yet again why they're some of the world's best businesswomen
▼ + stars: | 2023-10-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

Taylor Swift and Beyoncé are making concert films from their blockbuster Eras and Renaissance tours. In August, Swift announced that an Eras concert film will be released October 13. After much speculation, on Sunday night Beyoncé announced her own concert film: The Renaissance tour's film is set to debut December 1. "Taylor Swift ignited the spark. The Eras film will be released on over 4,000 screens in North America; the Renaissance film likely will have a similar rollout.

Persons: Taylor Swift, —, Queen Bey, Swift, Beyoncé, Paul Dergarabedian, Oprah Winfrey, Tyler Perry, Kim Kardashian, George Clooney, Dergarabedian, Puck's Matthew Belloni, Travis Kelce's, Shawn Robbins, Sam Wrench, — Belloni, they've, Michael Jackson's, Justin Bieber, Robbins, Taylor, It's Organizations: Service, Netflix, AMC, Box, Swifts, Office, Swift Locations: North America

☆ Ski towns in the American West are getting swankier — and pricing out frustrated locals
▼ + stars: | 2023-10-01 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +8 min

Driggs, Idaho, is the latest western mountain town to grapple with an surge of outsider money. AdvertisementAdvertisementChristina Assante bought a half-acre lot in Driggs, a ski town on the border of Wyoming, for $500,000 in 2021. Assante, and her son, Asher, are a part of a growing population setting course for the burgeoning ski town that was once overshadowed by its trendy neighbor Jackson, Wyoming. AdvertisementAdvertisementAn uncharted ski town in Idaho is ready to explodeIn Driggs, the town's expansion trajectory hangs in the balance as a, more literal, expansion is being organized. Locals are being pushed further outside of this Colorado ski townVail, Colorado, an expensive ski town a little less than 100 miles outside of Denver, could be viewed as a cautionary tale for Driggs and other budding ski towns.

Persons: —, Rich, Dutton, Luke Smith, Engel, Völkers Jackson, Cindy Riegel, Christina Assante, Assante, Michael, Asher, Driggs, Riegel, Allison Weibel, Steve Estvanik, Weibel, Vail, Michelle Badger, Redfin, it's, Mack, Keller Williams, Everdawn Charles, Tamara Williams, Kevin Costner's, Todd O'Hair, Montana's, Jackson, Paul Diegel Organizations: Service, Wall Street Journal, Journal, Census Bureau, New York Times, Times, Vail Resorts, Denver, Getty Images, Montana Chamber of Commerce Locations: Driggs , Idaho, Teton County , Idaho, Wyoming, Alta , Wyoming, Driggs, Jackson , Wyoming, Colorado and Montana, Idaho, Alta, Colorado, Vail , Colorado, Denver, Vail, Gypsum , Colorado, Vail —, Breckenridge, Dillon, Frisco, Bozeman , Montana, DianeBentleyRaymond, Getty Images Bozeman, Yellowstone, . Bozeman, Bozeman, Montana, Park City, Aspen

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

☆ 'Dumb Money,' the movie based on the 2021 GameStop trading frenzy, comes up short
▼ + stars: | 2023-09-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +3 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'm fascinated by Hollywood's interpretation of finance, from "The Wolf of Wall Street" and "Margin Call" to "The Big Short." The depiction of hedge fund managers Ken Griffin (Nick Offerman), Steve Cohen (Vincent D'Onofrio), and Gabe Plotkin (Seth Rogen), whose firm's GameStop short position put it in Reddit traders' crosshairs, came across as too over-the-top and cartoonish. But if satire was the direction the movie wanted — à la "The Wolf of Wall Street" — it should have pushed harder. Instead, Gill's stoner brother (Pete Davidson) has to carry the comedy load, but most of his jokes come up short.

Persons: —, Keith Gill, Paul Dano, Gill, Ken Griffin, Nick Offerman, Steve Cohen, Vincent D'Onofrio, Gabe Plotkin, Seth Rogen, Griffin, Pete Davidson Organizations: Service, GameStop, Wall

☆ Billionaire Chewy cofounder Ryan Cohen takes over as GameStop CEO
▼ + stars: | 2023-09-28 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Ryan Cohen was announced as the new CEO of GameStop on Thursday. AdvertisementAdvertisementGameStop has a CEO once again after Ryan Cohen, the billionaire founder of Chewy, was appointed Thursday. Cohen had been executive chairman since early June after CEO Matt Furlong was shown the door. Cohen, who's the largest investor in GameStop with a 12.1% stake, sold Chewy in 2017 for $3.3 billion. Cohen first took a stake in GameStop in 2020 and joined its board in January 2021 before becoming chairman that June.

Persons: Ryan Cohen, Chewy, —, Cohen, Matt Furlong, Furlong, Keith Gill, Kitty, Paul Dano, Gill, David Organizations: GameStop, Service, Amazon, Forbes, YouTube, Sony Pictures

☆ Central banks across Europe pause for breath after mammoth rate hike run, but face 'triple dilemma'
▼ + stars: | 2023-09-25 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

U.K. pauseThe Bank of England opted to pause interest rate moves after 14 straight hikes, keeping its main policy rate at 5.25%. The decline came despite interest rate hikes generally boosting the value of a currency. Scandinavian inflationIn northern Europe, Norway and Sweden opted for rate hikes on Thursday and suggested that further tightening could be ahead. Norway's headline inflation rate was 4.8% in August, with core inflation at 6.3%. The Norges Bank forecast now indicates a policy rate of 4.5% through 2024, up from the current 4.25%.

Persons: Bank of England Andrew Bailey, BoE, Alastair Grant, ALASTAIR GRANT, Carsten Brzeski, BOE, Andrew Bailey, Paul Dales, Simon French, Panmure Gordon, Thomas Jordan, Jordan, Ida Wolden Bache, Bache Organizations: Bank of England, The Bank of England, Getty, Afp, ING, CNBC, of England, Capital Economics, U.S . Federal, HSBC, Panmure, Swiss National Bank, European Central Bank, ECB, U.S, Norway's Norges Bank, Norges Bank Locations: London, U.K, Paul, Switzerland, Swiss, Europe, Norway, Sweden, Norway's

☆ Every content provider is 'behind the eight ball' due to WGA strike, warns long-time media analyst
▼ + stars: | 2023-09-21 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvery content provider is 'behind the eight ball' due to WGA strike, warns long-time media analystPaul Dergarabedian, Comscore senior media analyst, joins 'Fast Money' to talk the ongoing writers and actors strikes and the impact they are having on Hollywood.

Persons: Paul Dergarabedian Organizations: WGA, Hollywood

☆ Bank of England pauses interest rate hikes as inflation falls
▼ + stars: | 2023-09-21 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The Bank of England paused its historic interest rate hiking campaign for the first time in nearly two years Thursday after inflation fell unexpectedly in August. The Federal Reserve also kept rates on hold Wednesday, as did Switzerland’s central bank earlier on Thursday. The Bank of England did not rule out further rate increases, however, although it said it expected headline inflation to “fall significantly” in the near term, reflecting lower energy and food inflation. Economists polled by Reuters had forecast inflation would rise to 7% — from 6.8% in July — because of higher oil prices. “There is an air of underlying weakness,” chief UK economist at Capital Economics Paul Dales said about July’s GDP data.

Persons: Martin Beck, insolvencies, Capital Economics Paul Dales Organizations: London CNN —, Bank of England, Federal, Reuters, Office, National Statistics, Capital Economics Paul Locations: United Kingdom, —

☆ Central bank interest rates: Is the global fight to tame inflation nearly over?
▼ + stars: | 2023-09-21 | by ( Anna Cooban | ) edition.cnn.com time to read: +5 min

London CNN —Central bankers have had to climb a metaphoric mountain over the past two years in the battle to control runaway inflation. The announcement came just hours after Switzerland’s central bank kept rates unchanged and a day after the US Federal Reserve did the same, holding its key lending rate in the range of 5.25% to 5.5%. “Central banks think they have raised interest rates enough to bring inflation down to their 2% targets in a couple of years’ time,” Paul Dales, chief UK economist at Capital Economics, told CNN. Key interest rates are now at levels that, if “maintained for a sufficiently long duration, will make a substantial contribution” to reducing inflation to its 2% target, the central bank said. “By this time next year, we anticipate that 21 out of the world’s 30 major central banks will be cutting interest rates.”

Persons: ” Paul Dales, “, Jerome Powell, Sarah Silbiger, Brent, Andrew Bailey, ” Seema Shah, ”, J.P, Morgan, Jennifer McKeown Organizations: London CNN —, Bank of England, US Federal Reserve, Capital Economics, CNN, European Central Bank, ECB, Federal, Washington DC, Bloomberg, Getty, European Union, EU, European Commission, Asset Management, “ Locations: United Kingdom, United States, Germany, Saudi Arabia, Russia

☆ The meme stock mania is now a movie. Here's what has happened to GameStop and AMC
▼ + stars: | 2023-09-15 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +6 min

There's Anthony Ramos' Marcus, a GameStop cashier, being lectured by his parents that this stock trading thing isn't real. Reddit versus Wall StreetMany social media traders discussed the meme stock moment in David vs Goliath terms — the retail traders versus the hedge funds. Several brokerages limited trading in meme stocks at the height of the meme stock mania. In the second quarter of 2019, before the meme stock mania began, the company generated about $1.3 billion in net sales. The AMC stock sales have diluted the holdings of individual shareholders, and the market cap of AMC is still down more than 50% from its peak.

Persons: Pete Davidson, Paul Dano's Keith Gill, Kitty, There's Anthony Ramos, Marcus, Jenny, hasn't, David, Gabe Plotkin, Seth Rogen, Capital, Robinhood, Chewy, Ryan Cohen, Matthew Furlong, shakeups, Adam Aron, Plotkin Organizations: Sony Pictures Entertainment, GameStop, YouTube, Ferrari, AMC Entertainment, AMC, SEC, Amazon, Wall Street titans, Charlotte Hornets

Three decades ago, as a University of North Carolina student, he covered a deadly shooting for the school newspaper. Last month, as a journalism professor at the same school, Ryan Thornburg kept his students safe during a lockdown — after another shooting. Thornburg, the former student journalist, didn’t even think to call his parents in California about the 1995 shooting until he saw a television news van near the scene. A few days later, it was their turn to experience a campus shooting. Students who grew up in the age of school shootings are arriving on campus extra jumpy, he said.

Persons: Ryan Thornburg, didn’t, Wendell Williamson, Williamson, Thornburg, ”, “, ’, Paul Dean, Dean, Zoe Bright, I’ve, Bright, Mark, Mark Bright, Presley Bright, Dan Flannery, ” Flannery, ’ ”, Holly Ramer Organizations: University of North, UNC, Chapel Hill, International Association of Campus, University of New, Safety, Violence Prevention, Research, Case Western University, Associated Press Locations: University of North Carolina, California, University of New Hampshire, United States, “, New Hampshire

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