Dow erases losses as tech rally helps overcome dollar pressure

The Dow Jones Industrial Average erased earlier losses as a rally in tech stocks offset dollar pressure. The Dow gained 14 points, or 0.1%. The S&P 500 rose 0.6%, and the Nasdaq Composite advanced 1.4%. Consumer discretionary and information technology gave support to stocks, both up 1.3% and 0.8%, respectively. Casino stocks outperformed following news … Read more

‘The Woman King’ shows why the box office needs more mid-budget movies

Viola Davis stars in Sony’s “The Woman King.” Sony “The Woman King” held firm at the box office during its second weekend in theaters. The Sony film is expected to generate $11.2 million in ticket sales domestically from Friday through Sunday, a 42% drop from its opening weekend. Typically, blockbuster films will drop 50% to … Read more

How Bryan Lourd became one of the most powerful people in Hollywood

Bryan Lourd speaks onstage during the Lincoln Center American Songbook Gala honoring Bonnie Hammer at Broadway Theatre on January 29, 2020 in New York City. Slaven Vlasic | Getty Images Entertainment | Getty Images After shocking the corporate world last year with the news Discovery Communications would merge with WarnerMedia, incoming Warner Bros. Discovery Chief … Read more

Putin’s nuclear threats raise the risk of disaster

Speaking in a rare, televised address on Wednesday, Putin warned that if the territorial integrity of Russia is threatened, the Kremlin would “certainly use all the means at our disposal to protect Russia and our people. It is not a bluff.” Gavril Grigorov | Afp | Getty Images Russian President Vladimir Putin’s ultimatum to the … Read more

Futures lower following another day of losses after Fed rate hike, sell-offs

Stock futures were lower on Friday morning as investors continued reacting to the Fed’s rate hike and concerns over a potential economic downswing. The Nasdaq 100 was down 0.51%. Dow Jones Industrial Average futures fell by 133 points, or 0.44%. S&P 500 futures shed 0.46%. Costco stock was down about 2.6% in extended trading. Although … Read more

‘Avatar’ returns to theaters as Disney hypes James Cameron’s long-delayed sequel

Avatar Source: Walt Disney Studios The Na’vi return to the big screen this weekend as Disney looks to reignite interest in its newly acquired Avatar franchise, three months before the debut of the long-delayed sequel, “Avatar: The Way of Water.” Bringing the highest-grossing film of all time back to theaters has two purposes for Disney: … Read more

Stock futures decline a day after market selloff from Fed rate hike

US stock futures were lower on Thursday morning following a big decline in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures fell about 5 points. S&P 500 futures lost 0.1% and Nasdaq 100 futures shed 0.3%. On Wednesday, the Dow Jones Industrial Average dropped … Read more

Existing home sales fall in August, and prices soften significantly

Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors. That is the slowest sales pace since June 2020, when activity stalled very briefly due to the start of the pandemic. Outside of that, it is the … Read more

Stock futures are flat ahead of the Federal Reserve’s expected interest rate hike

Stock futures were flat Tuesday evening as traders look ahead to Wednesday’s interest rate hike announcement from the Federal Reserve. Dow Jones Industrial Average futures rose by 12 points, or 0.04%. S&P 500 and Nasdaq 100 futures climbed 0.07% and 0.07%, respectively. Stocks fell Tuesday on the first day of the Federal Open Market Committee’s … Read more

Stock futures flat with Fed set to kick off September meeting on Tuesday

Stock futures were flat on Tuesday morning as Wall Street looked to build on a modest rebound ahead of another rate hike from the Federal Reserve. Futures tied to the Dow Jones Industrial Average were marginally lower. S&P 500 futures shed 0.05%, and those for the Nasdaq 100 also fell 0.03%. The Federal Open Markets … Read more