Amazon Is Trying to Buy Movie Chain Landmark Theatres

Amazon.com Inc. is in the running to acquire Landmark Theatres, a move that would vault the e-commerce giant into the brick-and-mortar cinema industry, according to people familiar with the situation. The company is vying with other suitors to acquire the business from Wagner/Cuban Cos., which is backed by billionaire Mark Cuban and Todd Wagner, according […]

Continue Reading

These are the countries most at risk if Turkey’s lira crash spirals into a debt crisis

The collapse of the Turkish lira and the strong dollar have hit emerging market currencies globally. If the trend continues, countries may start to have trouble paying back dollar-denominated debts. Analysts say Argentina, Pakistan, South Africa, and Colombia are among those most at risk. LONDON — The collapse of the Turkish lira against the dollar […]

Continue Reading

Costco just added contactless card compatibility

This story was delivered to Business Insider Intelligence “Payments Briefing” subscribers hours before appearing on Business Insider. To be the first to know, please click here. Costco is enabling contactless card acceptance at its US stores, according to PaymentsSource. The major retailer recently turned on NFC functionality on its point-of-sale (POS) terminals, allowing for contactless […]

Continue Reading

UK regulators are aiming to increase banking competition

This story was delivered to Business Insider Intelligence “Fintech Briefing” subscribers. To learn more and subscribe, please click here. The UK’s banking revolution is set to continue at pace with two of the country’s regulators — the Financial Conduct Authority (FCA) and the Competition and Markets Authority (CMA) — introducing a new financial comparison rule […]

Continue Reading

JCPenney is tumbling after slashing its full-year guidance (JCP)

Shares of JCPenney dropped 25% in early trading Wednesday after missing Wall Street’s estimates. The reatiler also slashed its full-year guidance. “Inventory receipts continued to outpace total sales performance this quarter due to prior purchase commitments,” said Chief Financial Officer Jeffrey Davis. Follow JCPenney’s stock price in real-time here. Shares of JCPenney plunged as much […]

Continue Reading

JCPenney is tumbling after slashing its full-year guidance (JCP)

Shares of JCPenney dropped 25% in early trading Wednesday after missing Wall Street’s estimates. The reatiler also slashed its full-year guidance. “Inventory receipts continued to outpace total sales performance this quarter due to prior purchase commitments,” said Chief Financial Officer Jeffrey Davis. Follow JCPenney’s stock price in real-time here. Shares of JCPenney plunged as much […]

Continue Reading

Walmart is surging after earnings crush Wall Street expectations (WMT)

Walmart beat Wall Street’s earnings expectations on Thursday, nearly doubling the forecasted same-store sales growth rate. E-commerce grew 40% over the same period a year ago. Shares rose more than 10% in early trading Thursday following the release. Follow Walmart’s stock price in real-time here. Shares of Walmart surged more than 10% in early trading […]

Continue Reading

Walmart is surging after earnings crush Wall Street expectations (WMT)

Walmart beat Wall Street’s earnings expectations on Thursday, nearly doubling the forecasted same-store sales growth rate. E-commerce grew 40% over the same period a year ago. Shares rose more than 10% in early trading Thursday following the release. Follow Walmart’s stock price in real-time here. Shares of Walmart surged more than 10% in early trading […]

Continue Reading