One of the major issues plaguing AMC Entertainment currently is its staggering $4.5 billion debt, with a significant portion of it due in 2026. During a recent conference call following the earnings report, CEO Adam Aron openly addressed this concern. He assured investors that the company has been in talks with lenders for almost a
Uber Technologies experienced a significant drop in its stock price, falling over 8% after releasing its first-quarter results. While the company’s overall revenue exceeded expectations, coming in at $10.13 billion, investors were concerned about the loss of 32 cents per share, which was much higher than the forecasted earnings of 23 cents per share. This
The absence of a Marvel film to kick off the summer box office season in 2024 is a significant deviation from the trend seen since 2008. Over the past decade, Marvel Cinematic Universe films have consistently dominated the summer season with blockbuster openings. However, this year, the spotlight was on Universal’s “The Fall Guy,” which
Monzo, a British neobank, made headlines recently after announcing that it had raised an impressive $190 million in a new funding round. This brings the total amount raised by the company this year to an astonishing $610 million. Some of the key investors in this funding round include Hedosophia, a backer of other European fintechs
The recent decision by President Joe Biden’s administration to pause a shipment of weapons to Israel has raised concerns about the potential escalation of conflict in the region. The move came in response to apparent Israeli plans to invade the southern Gaza city of Rafah, where a large number of Palestinians have sought refuge from
The advancement of ChatGPT-like artificial intelligence technologies is revolutionizing the research landscape in China, particularly in the robotics sector. While China has long been known as the global manufacturing hub, the integration of AI technologies like OpenAI’s ChatGPT chatbot is paving the way for significant developments in the field. This newfound ability of AI to
In the recent developments in the global currency market, the US dollar has shown resilience despite earlier losses due to speculations of potential rate cuts by the Federal Reserve. This comes as no surprise as the dollar has always been seen as a safe-haven currency in times of uncertainty. Furthermore, with the stark interest rate
Oddity Tech, a newly public Israeli cosmetics platform, has defied expectations by posting first-quarter results that exceeded projections. Utilizing artificial intelligence to develop products, the company reported earnings per share of 61 cents adjusted, compared to the expected 49 cents. Additionally, revenue reached $211.63 million, surpassing the $205 million anticipated by analysts. This performance reflects
The Spring of 2024 on Broadway has seen an influx of new productions, with 18 shows opening between mid-March and late April. However, early signs are indicating an inevitable shake-out, as one show, Lempicka, is already slated to close. Additionally, several other productions are struggling to fill seats, playing to houses at only 80% capacity
Brad Gerstner, the Chair and CEO of Altimeter Capital, has made a strategic decision to reduce his exposure in the current market environment. Despite the strong run in technology stocks, Gerstner believes that it is prudent to take some chips off the table. He has trimmed his own exposure by 10 to 20 percentage points