Monthly Archives: September 2022

Cineworld’s deputy CEO regrets it wasn’t a meme stock like AMC as the chain files for bankruptcy: ‘We were never so lucky!’

Cineworld filed for bankruptcy over a $5 billion debt. Amanda Krause/Insider Cineworld’s deputy CEO wished the movie chain had become a meme stock like rival AMC. The UK movie chain, which owns Regal Cinemas in the US, filed for Chapter 11 bankruptcy Wednesday. The chain, carrying $5 billion in debt, would have welcomed meme-stock liquidity,…

China surpasses US in corporate debt sales as the world’s 2 largest economies see starkly different central bank policies

Dollar vs. Yuan ByoungJoo/Getty Images US dollar corporate debt sales are hitting their lowest levels in 11 years, according to Bloomberg data.  Chinese yuan-denominated bond sales have now exceeded those of the dollar. Divergent central bank policies of the US and China are fueling the change.  As the Federal Reserve and the People’s Bank of…

Betting against Warren Buffett’s Berkshire Hathaway could pay off this year, analyst says

Warren Buffett. Chip Somodevilla / Getty A Berkshire Hathaway analyst warned the conglomerate’s stock could tumble in the coming months. Warren Buffett’s company might cut back on stock purchases and buybacks, KBW’s Meyer Shields said. Berkshire could also suffer from weaker consumer demand and further challenges at Geico, he said. Betting against Warren Buffett’s Berkshire…

Police escorted 200 passengers from a plane after it landed because 1 ‘inadvertently’ missed security before boarding

A Qantas aircraft at Sydney airport. Getty Images Police escorted 200 Qantas passengers back through a security scan after their flight landed. The incident occurred after a passenger “inadvertently” missed screening, the airline said. Passengers were allowed to leave Melbourne airport after being rescreened, local media reported.   Police escorted more than 200 passengers from a…

TikTok Commerce 2022 Report Preview

TikTok’s powerful algorithm and cultural relevance has made it the go-to platform for emerging shopping trends. To succeed on TikTok, brands must craft their social commerce strategies around creating content that’s designed for entertaining first and shopping second. Insider Intelligence’s TikTok Commerce 2022 Report details social shopping behaviors on TikTok, the importance of creators in…