Hollywood's absolutely bizarre accounting tactics are under renewed scrutiny
"Forrest Gump" has never made a single penny for the studio that made it, despite selling over $300 million worth of tickets at the box office. "Return of the Jedi" was a similarly monumental financial flop. Same goes for at least one Harry Potter film. All of them wildly popular, yet wildly unprofitable. At least on paper.
2023-07-20 04:21
Investors cheer Wall Street's green shoots as bank executives stay cautious
By Tatiana Bautzer, Sinéad Carew and Saeed Azhar NEW YORK U.S. banking giants reported lackluster results for investment
2023-07-20 02:59
200 U.S. lawmakers agree not to intervene in any UPS strike
WASHINGTON A group of 200 U.S. lawmakers on Wednesday said they have agreed not to intervene in the
2023-07-20 01:47
Fast grocery firms doomed by French dark store ban
Hampered by hostile new regulations, firms that promised instant grocery deliveries are leaving France.
2023-07-20 00:25
Strong US apartment construction suggests slide in rental costs
By Safiyah Riddle A surge in U.S. rental home construction could soften rent prices in the months ahead,
2023-07-19 22:18
Europe Gas Swings as Heat Risks Overshadow Ample Fuel Supplies
European natural gas prices fluctuated between gains and losses on Wednesday as traders weighed rising storage levels and
2023-07-19 21:21
Goldman Sachs profits plunge 58% as dealmaking dries up
Goldman Sachs reported a sharp drop in profit on Wednesday as dealmaking and trading, a core part of the mega bank's business, dry up. The Wall Street titan also felt the pain of a nearly $1 billion reduction in the value of its consumer and real estate businesses.
2023-07-19 21:18
US single-family housing starts fall in June; permits increase
WASHINGTON U.S. single-family homebuilding fell in June after surging in the prior month, but permits for future construction
2023-07-19 20:53
Bank CEOs are already complaining about new regulations they haven't even seen yet
Earnings season is officially underway, which means the CEOs of America's largest banks get to update the public about the health of their firms and their economic outlooks.
2023-07-19 20:19
Amazon is inundated with shoppers desperately trying to cool off
Consumers are snapping up air conditioners, ice makers, pool floats and other goods to help them cool down in response to a brutal heat wave in the United States.
2023-07-19 19:20
Nigerian Central Bank Is Losing a Battle to Close Naira-Rate Gap
Nigeria’s official currency exchange rate is once again widening a gap with the parallel-market rate, shrugging off a
2023-07-19 17:51
Biden administration unveils draft changes to US merger review guidelines
The Justice Department and the Federal Trade Commission on Wednesday released a set of long-anticipated draft updates to the nation's merger guidelines, introducing potentially comprehensive changes to the way the US government reviews mergers and acquisitions for the first time in more than a decade.
2023-07-19 17:29