Movie Theater Advertiser National CineMedia Q2 Sales Sink 96% — A Preview Of Exhibition Woe

National CineMedia isn’t a movie chain but it’s the nation’s largest cinema advertising network and it saw revenue plunge by more than 96% last quarter as theaters were shuttered for the entire period, a steep dip that’s likely to be repeated as exhibitors report earnings starting tomorrow with Cinemark and Marcus. AMC Entertainment reports Thursday. Earlier today, ratings agency S&P […]

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Stock futures trade mixed to end the week

1.3M Americans filed for unemployed last week FOX Business’ Cheryl Casone breaks down weekly initial jobless claims and June retail sales. U.S. equity futures are pointing to a mixed open when the Friday Wall Street session begins. Continue Reading Below The major futures indexes are suggesting a slight loss on the Dow, but a strong move higher by the Nasdaq. GET FOX […]

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Bond Investors Struggle to See Reasons to Be Upbeat About U.K.

Investors are so worried about the U.K.’s prospects that they’re ignoring the recent uptick in the economy and betting on an extended period of weakness. They’ve piled into havens, driving government bonds to record highs. Yields are close to those in Japan, an economy mired in low growth and high debt levels for the last two decades. And traders are […]

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Rebecca Grant: Trump critics enraged over his Mount Rushmore visit – But Obama and Hillary went earlier

Trump criticized ahead of trip to Mount Rushmore to mark July Fourth President Trump’s visit Friday to Mount Rushmore in South Dakota for Independence Day festivities has generated plenty of hypocritical and manufactured criticism from camps of the discontented – but of course, Trump gets criticized from the left for almost everything he does. How can you not love four […]

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Review: The $297,250 Ferrari F8 Spider Roars, Glides, and Bites

Ferrari has remained admirably stable during the Covid-19 pandemic, delivering 2,728 units in the first quarter of 2020 and reporting first-quarter adjusted earnings of €317 million ($356 million)—near enough to the pre-coronavirus estimates of €321 million to garner praise.   To say that the workers in Modena, Italy, have been busy—minus the spring weeks when coronavirus concerns closed the factories—would be an understatement. Last year, Ferrari […]

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Quant Giant Dimensional Takes Aim at $4.4 Trillion ETF Market

Dimensional Fund Advisors LP is throwing its hat into the $4.4 trillion exchange-traded fund arena with three proposed equity offerings. The Austin, Texas-based money manager, which oversees $506 billion in assets, filed with the Securities and Exchange Commission on Friday to register three actively managed ETFs. The Dimensional US Core ETF, Dimensional International Core ETF and the Dimensional Emerging Markets […]

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Saudi Aramco Slashes Hundreds of Jobs After Slump in Oil Prices

Follow us @middleeast for more news on the region. Saudi Aramco, the world’s biggest oil exporter, has begun cutting hundreds of jobs as it looks to reduce costs after a slump in energy prices, according to people familiar with the matter. Aramco is letting go of mostly foreign staff across several divisions, with affected employees being informed earlier this week, […]

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Amid protests, Harris emerges as top contender for Biden's V.P. slot

WASHINGTON (Reuters) – Amid the nationwide protests over racism and police brutality, U.S. Senator Kamala Harris may have found the powerful and lasting moment that eluded her failed presidential bid but could now land her the No. 2 spot on the Democratic ticket. Harris, the only black woman serving in the U.S. Senate, has marched in the streets and sponsored […]

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Fiat, PSA $50 billion merger faces lengthy EU antitrust probe: sources

BRUSSELS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot maker PSA (PEUP.PA) face a lengthy EU antitrust investigation after they declined to offer concessions in a bid to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday. Fiat and PSA, which are seeking to create the world’s fourth biggest carmaker, were last […]

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Eurozone GDP Falls Most Since 1995

The euro area economy contracted at the fastest pace since 1995 as member countries initiated coronavirus containment measures in March, the revised estimate published by Eurostat showed on Tuesday. Gross domestic product declined 3.6 percent sequentially in the first quarter, but slower than the initial estimate of -3.8 percent. Nonetheless, this was the biggest contraction since the time series began […]

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