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 […]
Coinbase share surge 13% in premarket trade after posting first quarterly profit in two years – CNBC
In this illustrated photo, the Coinbase logo is displayed on a mobile phone screen. Idris Abbas | SOPA Images | Light Rocket | Getty Images Shares of cryptocurrency exchange Coinbase soared 13% in pre-market trading in the U.S. on Friday after the company reported its first profit in two years. Coinbase, the largest cryptocurrency buying […]
Apple quarterly profit, revenue top Wall Street targets but China lags
IMAX CEO Rich Gelfond exclusively details the “amazing” partnership between the entertainment company and Apple’s new breakthrough headset. Apple on Thursday reported sales and profits that beat Wall Street expectations, driven by growth in its iPhone business. However, sales in China fell short of analysts’ targets. Apple shares fell 1.7% in after-hours trading. The company’s […]
Deutsche Bank to cut 3,500 jobs as quarterly profit plunges 30% on hit to US real estate
Deutsche Bank said Thursday it plans to cut 3,500 jobs after reporting a 30% drop in fourth-quarter profit that included significant losses on its U.S. real estate holdings. The job cuts come after Germany’s leading bank hired 300 front office staff in the three months to December 31, but the company’s CEO Christian Sewing said […]
Dow futures rise after IBM's quarterly results, investors prepare for GDP report: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange. new york stock exchange Dow futures rose Wednesday night after IBM reported better quarterly results. Dow Jones Industrial Average futures rose 67 points, or 0.2%. Futures tracking S&P 500 futures and Nasdaq 100 futures flickered near the flatline. Electric car maker Tesla fell more […]
Citigroup at risk of quarterly loss after charges come in far higher than initially disclosed – CNBC
Citi CEO Jane Fraser speaks at the 2023 Milken Institute Global Conference on May 1, 2023 in Beverly Hills, California. Mike Blake | Reuters Citigroup warned investors late Wednesday: Fee Sales related to the depreciation of the Argentine peso and bank restructuring were much higher than the company's CFO disclosed just a few weeks ago. […]
Walgreens quarterly profit beat helped by higher drug prices, cost cuts
Stephen Wieting, Chief Economist at Citi Global Wealth, joins Making Money to discuss investing in the Great Market Reset. U.S. pharmacy chain Walgreens Boots Alliance on Thursday cut its dividend by almost half in a bid to save more money, even as the company reported a better-than-expected quarterly profit thanks to cost-cutting measures. Rising drug […]