Netflix’s latest announcement regarding its ad-supported tier has caught the attention of many, as the streaming giant revealed a significant increase in global monthly active users. The number has soared to 40 million, nearly doubling the previous figure of 23 million that was shared earlier this year in January. Back in November 2022, Netflix introduced
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AMC Entertainment, along with GameStop, experienced a significant surge in stock prices following an online post by “Roaring Kitty,” also known as Keith Gill. This surge led AMC shares to more than double since Friday’s close, reaching above $6 in afternoon trading Tuesday. This resurgence of interest in AMC could potentially help the company address
Novavax witnessed a surge in its stock price by 50% on Monday following a groundbreaking deal with French pharmaceutical giant, Sanofi. The deal, which was announced on Friday, not only doubled Novavax’s stock but also eliminated the company’s previous “going concern” warning, instilling hope in its stakeholders. This partnership has paved the way for Novavax
The restaurant industry has been experiencing a period of low sales and declining foot traffic as consumers tighten their spending habits. Major players like McDonald’s, Starbucks, and Yum Brands have reported a weak start to the year, highlighting the impact of changing consumer behavior. McDonald’s CEO emphasized the importance of offering value meals to attract
Moderna announced on Friday that the Food and Drug Administration (FDA) has postponed the approval of its vaccine for respiratory syncytial virus (RSV) to the end of May. This delay is reportedly due to “administrative constraints” at the agency, pushing back the expected decision date from Sunday. Despite this setback, the FDA has not raised
The highly anticipated boxing match between Mike Tyson and Jake Paul scheduled for this summer has already sparked a surge in ticket prices and piqued the interest of avid bettors. The event, set to take place on July 20 at AT&T Stadium in Arlington, Texas and will be live-streamed globally on Netflix, is projected to
The Consumer Financial Protection Bureau (CFPB) regulation aimed at reducing late fees on credit cards is currently facing significant opposition from the card industry led by the U.S. Chamber of Commerce. The industry filed a lawsuit against the CFPB in federal court, seeking to prevent the new rule from being implemented. This legal battle has
For the first time in over a decade, the summer movie season kicked off without a Marvel Cinematic Universe film, a shift that has had a noticeable impact on the box office. Usually, Marvel films have been the cornerstone of the summer season, consistently generating massive openings of over $100 million. However, this year, Universal’s
Disney has been gearing up for a significant shift in its business model, particularly focusing on its streaming services. The recent second-quarter results indicate a notable improvement in the financial performance of Disney’s streaming units. From a loss of $659 million a year ago to losing just $18 million this quarter, Disney+ Hulu, and ESPN+
Former Starbucks CEO, Howard Schultz, recently shared his thoughts on the company’s disappointing quarterly report. Even though he no longer has an official role within Starbucks, Schultz believes that the company can bounce back by enhancing its U.S. stores. He emphasized the need for an improved mobile order and pay experience, as well as a