AMC Networks ended 2020 with more than 6 million subscribers for its AMC Networks streaming services across recently launched AMC+, Acorn TV, Shudder, Sundance Now and ALLBLK– up 157% year-on-year. The company Friday reported fourth quarter earnings that beat Wall Street forecasts. Revenue slipped 0.6% to $780.3 million and AMC swung to net income of $94.7 million, or $2.09 a […]
Read moreSOPA Images/Getty Images The Grayscale Bitcoin Trust plunged this week, with investors pulling cash at the fastest rate in almost a year. It closed at a 3.77% discount on Thursday, a sharp reversal after trading at a hefty premium to bitcoin. The bitcoin price itself has plunged around 20% this week, the biggest weekly drop since March 2020. Sign up […]
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(Reuters) – U.S. stock index futures retreated on Friday as lofty tech stocks bled further amid elevated U.S. bond yields and prospects of a spike in inflation.FILE PHOTO: A statue of George Washington is seen on Wall St. across from the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2021. REUTERS/Brendan McDermidShares of Apple Inc, Amazon.com Inc, […]
Read moreThe parent firm of British Airways has called for the introduction of digital health passes to help reopen the skies while revealing a €7.4bn (£6.5bn) annual loss as a result of coronavirus pandemic disruption. International Airlines Group (IAG) demanded a global approach, with common testing standards, as the travel industry reels from a disastrous 12 months that has largely grounded […]
Read moreChinese President Xi Jinping said last November that it was possible to double the country's gross domestic product by 2035. Some observers said that may be hard to achieve, but Helen Qiao, head of Asia economics at BofA Global Research, said some reform measures would help China to get there. In addition to doubling its economic size, China would surpass […]
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A federal minimum wage hike was struck from the stimulus package on Thursday. Sen. Bernie Sanders said Democrats instead will propose to strip tax deductions from large corporations who don’t pay workers at least $15 an hour. He also said they would provide incentives to small businesses so that they can raise wages. Visit the Business section of Insider for […]
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SYDNEY/MIAMI (Reuters) – Asian stocks skidded to one-month lows on Friday as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.FILE PHOTO: Pedestrians are reflected in an electronic board displaying various stock prices at a brokerage in Tokyo, Japan, February 4, 2016. REUTERS/Yuya ShinoThe […]
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"The lines between traveling and living are starting to blur together," Airbnb CEO Brian Chesky told CNBC's Jim Cramer. With business travel on a decline, the home rental company sees an opportunity to serve remote workers looking to get away from home and work from anywhere as travel trends change. "We really are adaptive and resilient to any kind of […]
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A new coronavirus relief bill is in the works and it could mean a big payday for some families. New $1,400 stimulus checks plus a more generous child tax credit could give a family of four earning under $150,000 more than $14,000. The initiatives show that the country is opening up to the idea of universal basic income, one political […]
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