The Federal Reserve is meeting Tuesday and Wednesday. The central bank is not expected to make any policy changes, though it is likely to acknowledge the strengthening economy. Economists say
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Cuomo says New York could cut indoor dining, warns of shutdowns if hospitals are overwhelmed
New York Gov. Andrew Cuomo said Monday the state could close indoor dining in New York City and slash capacity elsewhere in the state if current hospitalization trends continue. Cuomo
Continue reading »Disney increases layoffs to 32,000 workers as coronavirus batters its theme park business
Disney will layoff 32,000 employees in the first half of fiscal 2021. This figure includes the 28,000 workers that the company previously announced in September. In addition, as of Oct.
Continue reading »Walmart sees stockpiling again as Covid cases rise—but this time it's localized
Walmart CEO Doug McMillon said the retailer is seeing some customers load up on items like paper goods, cleaning supplies and dry food again in some parts of the country.
Continue reading »Theater chains AMC and Cinemark take big third-quarter losses during Covid pandemic
With movie theaters hauling in a fraction of the revenue they were generating last year, the companies are burning through cash. Bankruptcy is a threat for some. There are fears
Continue reading »Movie theater stocks rebound as drugmakers say vaccine is more than 90% effective
On Monday, trial data indicated Pfizer and BioNTech's Covid-19 vaccine is more than 90% effective. Shares of AMC, Cinemark, Marcus Theatres and IMAX stocks rallied on the news. The hope
Continue reading »How Aston Martin is trying to save its iconic brand
Aston Martin has come a long way since it was featured as James Bond's weapon-laden sports car in the movie "Goldfinger." It makes some of the world's most envied and
Continue reading »Pelosi says there will be no stand-alone aid for airlines without bigger stimulus bill
Airline stocks eased after Pelosi signaled she wouldn't support more aid for airlines without a broader coronavirus relief package for the country. Carriers last week started furloughing more than 30,000
Continue reading »Ron Howard: The movie theater industry is 'not going away'
Director Ron Howard doesn't think the movie theater industry is going away. On Wednesday, dozens of filmmakers joined the National Association of Theater Owners, the Directors Guild of America and
Continue reading »Movie theaters in jeopardy as studios move blockbusters to 2021, audiences stay home
Six months after the pandemic restrictions began, movie theaters are among the many businesses that do not have a clear path to recovery. There are no major, big budget Hollywood
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