Imax is on a winning streak, and it has Christopher Nolan to thank. Shares of the entertainment technology company hit an all-time high Monday as it continues to haul in box office receipts from Nolan’s “The Odyssey.” Imax CEO Rich Gelfond said Monday the film is tracking almost double what Nolan’s “Oppenheimer” raked in in 2023….
The Federal Aviation Administration has certified the Boeing 737 Max 7, the smallest model in the best-selling family of aircraft, after nearly a decade of delays. The agency on Monday said the approval “reflects years of sustained work to resolve complex technical issues and complete a thorough review of the airplane’s design and supporting safety…
Wherever volatile fuel prices head this year, don’t expect bargain flights. Airfare in the U.S. in June was up 26.5% compared with a year earlier, according to the latest federal data. Airline leaders say customers continue to book even after carriers hiked fares. They told Wall Street analysts this month that they’re expecting to hold…
Tom Holland stars as Peter Parker aka Spider-Man in Sony and Marvel’s “Spider-Man: Brand New Day.” Son Spider-Man is taking on the Avengers. Sony and Marvel’s “Spider-Man: Brand New Day” tallied an estimated $355 million at the domestic box office this weekend, just $2 million shy of the record-breaking debut of 2019’s “Avengers: Endgame.” The…
Wall Street got back to its winning ways last week after navigating a hawkish Federal Reserve meeting, volatile swings in chip stocks, and a critical round of Big Tech earnings. The Dow Jones Industrial Average rose 1% for the week, snapping a three-week losing streak. The S & P 500 gained 1% last week, while…
In pushing back against mass autonomous vehicle deployment efforts, labor unions have found an unlikely ally — Uber. A controversial bill currently being considered by the Washington, D.C. Council is a prime example of where this emerging political alliance is being tested. The D.C. bill, known as the “Autonomous Vehicle Deployment Authorization Amendment Act,” would…
Cheng Xin | Getty Images News | Getty Images Trump Media and Technology Group‘s new paid data service launched on Aug. 1, providing faster access to Truth Social posts from President Donald Trump and other top accounts on the platform. “Truth API,” the new application programming interface, is designed to give firms “a direct, licensed,…
A pharmacy at a Costco store in Teterboro, New Jersey, US, on Wednesday, Feb. 28, 2024. Bloomberg | Bloomberg | Getty Images As more Americans use GLP-1 weight-loss drugs to shrink their waistlines, retail giants are betting on a bottom-line bump tied to a shift in the way the drugs are priced and purchased. Employers…
Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company. The company has been struggling with slumping sales over the past few years, which it has attributed to lower consumer confidence, less…
Global soccer may be finding the limits to private equity’s stampede into sports. A plan by FIFA to sell a minority stake in a new subsidiary — FIFA Forward Enterprise, or FFE — that would control the business side of the World Cup has faced swift backlash. UEFA, the governing organization of European soccer, and…
