Monthly Archives: August 2022

Saudi Arabia is on track for its first budget surplus in nearly a decade as the Kingdom rakes in oil revenues amid a global energy crunch

Getty Images Saudi Arabia’s budget surplus jumped to $21 billion in the second quarter as it raked in profits from expensive crude prices. The surplus was 35% higher compared to the first quarter, Saudi Arabia’s finance ministry said Thursday.  The budget surplus soared even as spending for the Kingdom increased 16% from the year prior….

How Warner Bros. Discovery can compete with Netflix and Disney as the streaming wars evolve

Warner Bros. Discovery CEO David Zaslav spoke at the company’s Upfront 2022 show in May. Kevin Mazur/Getty Images for Warner Bros. Discovery Warner Bros. Discovery is a 40,000-person mega-media company that spans properties from Warner Bros. to HBO. The new company has the breadth and depth of content to compete with Netflix and Disney in…

There is no quick fix to the global energy crisis with OPEC+ capacity at a 20-year low, Goldman Sachs analyst says

FILE PHOTO: A placard reading “Energy crisis. Maximum limit 25 litres per filling” is seen as a man fills up a car during a fuel strike, at a gas station near Lisbon Reuters There may be no quick fix to the energy crisis, a Goldman analyst said, citing dwindling OPEC capacity.  The cartel only has…

College students are quietly one of Chipotle’s most important customers

Hollis Johnson/Business Insider Just 15% of Chipotle locations are located in college towns but perform “exceptionally well,” according to the CFO. Students buy more burritos and bowls when they’re at school than when they’re back at home. Chipotle has promoted deals and events to gain loyalty from college customers. College students are the stereotypical Chipotle…

‘Batgirl’ cost a modest $90 million and was still too much of a risk for theaters — that’s bad news for the movie business

Leslie Grace as Batgirl in “Batgirl” and Robert Pattinson as Batman in “The Batman.” Warner Bros./DC “Batgirl” won’t be released to HBO Max, as intended, or even to movie theaters. It had a modest budget compared to other superhero movies, but wasn’t considered ready for theaters. But theaters are desperate for product at a time…

European energy customers should shoulder high costs to encourage consumption changes, IMF says

Machines unload coal from a barge destined for the coal-fired Kraftwerk Mehrum power station near Peine, Germany Sean Gallup/Getty Images European governments should consider only targeted efforts to aid households dealing with soaring energy costs, said the IMF.  Costs for oil and natural gas and other energy sources have surged in the wake of Russia’s…

Chris Christie says 2024 presidential race will feature Trump, Tom Cotton, Mike Pence and Ted Cruz, and will force GOP voters to choose between ‘the party of me or the party of us’

Former President Donald Trump; Republican Sen. Ted Cruz of Texas; Republican Sen. Tom Cotton of Arkansas; former Vice President Mike Pence Getty Images Chris Christie predicts less than a dozen Republicans will run for president in 2024. He billed Donald Trump, Mike Pence, Ted Cruz, and Tom Cotton as top contenders.  Christie says the decision…

The 2022 NFL preseason kicks off August 4 — here’s how to livestream games all season long

When you buy through our links, Insider may earn an affiliate commission. Learn more. Aaron Rodgers. AP Photo/Aaron Gash The 2022 NFL preseason kicks off with the Hall of Fame game on August 4, airing on NBC and Peacock. Throughout the season, HD antennas and streaming services will offer select NFL games without cable. NFL+…