AMC gives Taylor Swift, Beyonce credit for ‘literally all’ of its quarterly growth
Actor Neal McDonough talks about how faith-based films are becoming more popular on “The Bottom Line.” AMC Entertainment’s chief executive officer credited pop stars Taylor Swift and Beyoncé with movie theater operators reporting higher sales and bottom line profits in the fourth quarter. “Literally all of AMC’s revenue growth and AMC’s adjusted EBITDA growth is […]
Yet Another Key Inflation Metric Comes In Hot
The Federal Reserve’s preferred metric to gauge inflation increased by 0.3% in January compared to 0.1% in the previous month, in line with expectations following other hot inflation reports for the month, according to the Bureau of Economic Analysis (BEA). The personal consumption expenditure (PCE) price index increased 2.4% year-over-year, down from 2.6% in December, […]
Mehdi Hasan Launches New Media Company
Former MSNBC host Mehdi Hasan announced the launch of a new media company Wednesday after leaving the network. Hasan left MSNBC in early January after the cancellation of his Sunday evening show, “The Mehdi Hasan Show,” after he came under fire for his remarks on the Israel-Hamas war. He announced the launch of his new […]
Crypto exchange Gemini will return $1.1 billion to customers in a settlement with NY regulators
Michael Lee, founder of Michael Lee Strategy, has joined Varney & Co. We discuss the action in the crypto market and his position on NVIDIA stock. Gemini Trust Company, the cryptocurrency exchange founded by billionaires Cameron and Tyler Winklevoss, will refund $1.1 billion to customers who invested in its defunct loan program, New York regulators […]
Anheuser-Busch reaches agreement with Teamsters union before contract expiration
Anson Frerichs, former president of operations at Anheuser-Busch, reacts to Bud Light’s Super Bowl commercial. Anheuser-Busch (AB) announced Wednesday that it has reached a tentative agreement with the International Brotherhood of Teamsters, a day before its single master agreement with 12 U.S. breweries is set to expire. The Teamsters, which represents all 5,000 AB employees […]
Climate Activist And Liberal Billionaire Quietly Gobbles Up Rural Land In Hawaii
Salesforce CEO and climate activist Marc Benioff is purchasing rural land in Waimea, Hawaii, NPR reported on Wednesday, citing public records. Benioff’s funds have invested hundreds of millions into climate agendas and he is a prominent proponent of net zero, the complete negation of human greenhouse gas emissions. His recent acquisitions of rural land have […]
Letitia James Sues Meatpacking Company Over Allegations Of Misleading Consumers With Climate Claims
Democratic Attorney General Letitia James of New York sued a meatpacking company on Wednesday, accusing it of misleading consumers about its effects on the environment, according to an office press release. James accused the U.S. division of JBS, a Brazilian-based company with operations across the world, of lying when it vowed to be carbon-neutral by […]
Tech Billionaire’s Right, More Kids Should Drop Out Of College
Anyway you look at it, it’s become increasingly clear that college is a racket. It stifles the best and brightest, subordinating their potential to the bureaucratic ladders of race and gender hierarchy. And for everyone else, the vast majority, it simply isn’t worth it. So it’s good news that conservative billionaire Peter Thiel’s six-figure offer […]
Google loses $96B in value on Gemini fallout as CEO does damage control
Wall Street Journal editorial board members react to backlash over Google’s Gemini AI tool and slam Vice President Harris’ Varney & Co.’s new student voting program. Google’s parent company Alphabet has taken a hit in the stock market after it discontinued features in its artificial intelligence tool Gemini after users pointed out the company’s bias […]
Chrysler recalling over 330K Jeep Grand Cherokees over steering wheel issue
Scott Hayes, president of Toledo Refining Company, spoke during “FOX & Friends First” about how California’s policy failures caused collateral damage in the Midwest. Chrysler is doing a recall 338,238 Jeep Grand Cherokees will be dealing with a steering wheel issue that could cause drivers to suddenly lose control of the vehicle. The recall applies […]