Part Two’ hits theaters Friday amid box office drought

Timothee Chalamet stars as Paul Atreides in Denis Villeneuve's "Dune: Part Two."Warner Bros. | Legendary EntertainmentLOS ANGELES — Movie theater operators are hoping that Warner Bros. and Legendary Entertainment's "Dune: Part Two," due out in theaters Friday, will be the much-needed oasis amid a drought of blockbuster content.Since the...

Read more...

Key inflation measure rose 0.4%

Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates.The personal consumption expenditures price index excluding food and energy costs increased 0.4% for the month and 2.8% from a year ago, as expected according to the...

Read more...

Pfizer RSV vaccine protects older adults over two seasons

Respiratory syncytial virus vial.Manjurul | Istock | Getty ImagesPfizer's vaccine against respiratory syncytial virus maintained protection for older adults across two full seasons of the disease in an ongoing late-stage clinical trial, the company announced Thursday.The shot's efficacy declined slightly compared with the levels of protection after one RSV...

Read more...

Stocks making the biggest moves premarket: SNOW, CRM, AI, OKTA

Check out the companies making headlines before the bell. Snowflake — The cloud data company sank after posting disappointing product revenue guidance for the first quarter and announcing that CEO Frank Slootman is retiring. Snowflake said it expects product revenue to range between $745 million and $750 million in...

Read more...

What drivers need to know

An all-electric Ford Mustang Mach-E at a Tesla Supercharger station charging.FordDETROIT – Ford Motor is rolling out Tesla Supercharging capabilities to owners of its electric vehicles in the U.S. and Canada. The launch begins Thursday, but is expected to be supply constrained at the start.The Detroit automaker was the...

Read more...

Birkenstock (BIRK) earnings Q1 2024

Employee Mo Soto arranges a shelf at a Birkenstock store on October 10, 2023 in Venice, California. Ethan Swope | Getty ImagesBirkenstock on Thursday beat holiday quarter revenue expectations, reporting a 26% year-on-year jump, as the German sandal company benefited from higher pricing and rising U.S. demand.Here's how the shoemaker...

Read more...

IQiyi posts first year of profits, says it’s ‘excited’ about Sora-like AI

A view of iQiyi's website featuring a variety TV show, taken on Tuesday, Aug. 22, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — Chinese video content and streaming company iQiyi CFO Wang Jun said he is "excited" about potential new business opportunities with the emergence of OpenAI's text-to-video tool Sora.Speaking...

Read more...