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Short Interest in Thunderbird Entertainment Group Inc. (OTCMKTS:THBRF) Decreases By 25.7%It’s lights, camera, action again in Duncan, where moviegoers no longer have to leave the city to see a film on the big screen with the reopening of the only local theatre . The former Caprice Theatre, which was around for decades, is back with the new name Duncan Cinemas. Located at 404 Duncan St., it features two auditoriums. Under new management, the theatre reopened earlier this month on Dec. 20 — nearly a year after the Caprice closed on Dec. 30, 2023, to the dismay of locals. “It does honestly make me kind of sad because it’s the only local theatre around here. Otherwise, you’ve got to go to Nanaimo or Victoria,” said Cal Elliott, a former Caprice customer, in a previous interview with CHEK News last year. The facility first opened in the early 1980s, according to Cinema Treasures, with seating for around 660 people in the two auditoriums combined. It was back in January of this year when DJRD Entertainment Limited, the owners of the Caprice, shared plans to “re-introduce the (theatre) ... to the Cowichan Valley community.” Previous tenant Moby Amarsi, who operated the theatre for about 10 years, suggested inflation and rent hikes were to blame for the closure, but DJRD said the latter was untrue. The company said rent was unchanged since 2019. Amarsi told CHEK News fading to black was a difficult decision. It came as movie theatres continue to “(battle) against the rise of online streaming services,” with more people opting to stay home, according to Ivy Business School . Theatres also lost revenue amid the COVID-19 pandemic. ‘Couldn’t be happier’ Now, the popcorn is popping at Duncan Cinemas, with Golin Cinemas Inc. taking over. This company also manages Capital 6 and The Roxy in Victoria. People took to social media to share their excitement, saying the Cowichan facility was recently refurbished with new seating and upgraded projection and sound . “The new Duncan Cinemas is stunning! The current owners renovated the theatre spaces with fresh carpet, reclining faux leather seats, and a sparkly clean black tile floor. It’s our family tradition to see a show over the holidays, and we couldn’t be happier,” wrote Stephanie Brown in a recent social media post. “The staff, the seats, the shiny floor, the treats, the joy of having a special, cool, independent theatre in our town. Thank you Duncan Cinemas – we love you!” added Jordan Kawchuk in another Facebook post, which got more than 1,000 ‘likes.’ Currently screening at Duncan Cinemas are Mufasa: The Lion King and Sonic the Hedgehog 3 — two family films dominating the holiday box office in Canada and the U.S. Find showtimes here . READ ALSO:
US Economy Surprised Again in 2024 Despite Fed, Election DramaStock indexes closed mixed on Wall Street at the end of a rare bumpy week. The S&P 500 ended little changed Friday. The benchmark index reached its latest in a string of records a week ago. It lost ground for the week following three weeks of gains. The Dow Jones Industrial Average slipped 0.2%. The Nasdaq composite edged up 0.1%. Broadcom surged after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. RH, formerly known as Restoration Hardware, surged after raising its revenue forecast. Treasury yields rose in the bond market. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks slipped in afternoon trading Friday as Wall Street closes out a rare bumpy week. The S&P 500 was up by less than 0.1% and is on track for a loss for the week after three straight weekly gains. The Dow Jones Industrial Average fell 58 points, or 0.1% to 43,856 as of 3 p.m. Eastern time. The Nasdaq rose 0.1% and is hovering around its record. Broadcom surged 24.9% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Even so, some big tech stocks were in the red Friday. Nvidia slid 2.6%, Meta Platforms dropped 1.7% and Netflix was down 0.7%. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 14.2% after raising its forecast for revenue growth for the year. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower. Damian J. Troise And Alex Veiga, The Associated Press
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Marvell Technology, Inc. Declares Quarterly Dividend PaymentMajor stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday. There were more than twice as many decliners than gainers on the New York Stock Exchange. Gains in technology stocks helped temper losses in communication services, financials and other sectors of the market. Broadcom surged 24.4% for the biggest gain in the S&P 500 after the semiconductor company beat Wall Street’s profit targets and gave a glowing forecast, highlighting its artificial intelligence products. The company also raised its dividend. The company's big gain helped cushion the market's broader fall. Pricey stock values for technology companies like Broadcom give the sector more weight in pushing the market higher or lower. Artificial intelligence technology has been a focal point for the technology sector and the overall stock market over the last year. Tech companies, and Wall Street, expect demand for AI to continue driving growth for semiconductor and other technology companies. Some tech stocks were a drag on the market. Nvidia fell 2.2%, Meta Platforms dropped 1.7% and Google parent Alphabet slid 1.1%. Among the market's other decliners were Airbnb, which fell 4.7% for the biggest loss in the S&P 500, and Charles Schwab, which closed 4% lower. Furniture and housewares company RH, formerly known as Restoration Hardware, surged 17% after raising its forecast for revenue growth for the year. All told, the S&P 500 lost 0.16 points to close at 6,051.09. The Dow dropped 86.06 points to 43,828.06. The Nasdaq rose 23.88 points to 19,926.72. Wall Street's rally stalled this week amid mixed economic reports and ahead of the Federal Reserve's last meeting of the year. The central bank will meet next week and is widely expected to cut interest rates for a third time since September. Expectations of a series of rate cuts has driven the S&P 500 to 57 all-time highs so far this year . The Fed has been lowering its benchmark interest rate following an aggressive rate hiking policy that was meant to tame inflation. It raised rates from near-zero in early 2022 to a two-decade high by the middle of 2023. Inflation eased under pressure from higher interest rates, nearly to the central bank's 2% target. The economy, including consumer spending and employment, held strong despite the squeeze from inflation and high borrowing costs. A slowing job market, though, has helped push a long-awaited reversal of the Fed's policy. Inflation rates have been warming up slightly over the last few months. A report on consumer prices this week showed an increase to 2.7% in November from 2.6% in October. The Fed's preferred measure of inflation, the personal consumption expenditures index, will be released next week. Wall Street expects it to show a 2.5% rise in November, up from 2.3% in October. The economy, though, remains solid heading into 2025 as consumers continue spending and employment remains healthy, said Gregory Daco, chief economist at EY. “Still, the outlook is clouded by unusually high uncertainty surrounding regulatory, immigration, trade and tax policy,” he said. Treasury yields edged higher. The yield on the 10-year Treasury rose to 4.40% from 4.34% late Thursday. European markets slipped. Britain's FTSE 100 fell 0.1%. Britain’s economy unexpectedly shrank by 0.1% month-on-month in October, following a 0.1% decline in September, according to data from the Office for National Statistics. Asian markets closed mostly lower.GeoCue Announces Epotronic as Latest Distributor in Germany
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What a year it was for the stock market in 2024. The S&P 500 ripped higher by more than 27% as the bull market continued for a second year. A large share of those gains came from the "Magnificent Seven" stocks, some of the world's largest tech and artificial intelligence companies. These mega-cap companies have market caps ranging from $1.5 trillion to $3.8 trillion, so a positive move for any of these stocks can have an outsized impact on the broader S&P 500 index. Almost all of the Magnificent Seven enjoyed big gains in 2024. With the Magnificent Seven morphing into the Fateful Eight, can these stocks carry the market again in 2025? The Magnificent Seven plus one Bank of America analyst Michael Hartnett coined the term Magnificent Seven in 2023, grouping several stocks that demonstrated dominance from the financial, market, and technological innovation perspectives. Here's how the Magnificent Seven stocks performed this year through Dec. 25: GOOG data by YCharts. Every stock in the Magnificent Seven outperformed the broader market except Microsoft ( MSFT -1.73% ) , and the average performance of the Magnificent Seven was close to 69%. This is a big deal because the Magnificent Seven accounts for roughly a third of the value of the market-cap weighted S&P 500 and more than 50% of the value of the Nasdaq Composite . Recently, the On The Tape podcast, hosted by Wall Street veterans Dan Nathan, Guy Adami, Danny Moses, and Liz Young Thomas, coined a new name for a group of key tech giants: Their "Fateful Eight" starts with the Magnificent Seven, but adds chipmaking and software giant Broadcom ( AVGO -1.47% ) . Broadcom's market cap recently surpassed $1 trillion, and the stock is up by more than 45% in the past month. What can we expect from the Fateful Eight in 2025? After an epic year, here are forward earnings ratios for the Fateful Eight companies: GOOG PE Ratio (Forward) data by YCharts. These are pretty lofty valuations, with Tesla ( TSLA -4.95% ) breaking away from the pack and Alphabet ( GOOGL -1.45% ) ( GOOG -1.55% ) and Meta Platforms ( META -0.59% ) looking more reasonable. In light of that, many market watchers question whether the major indexes will perform well next year, given that these eight companies make up so much of their value. Still, most Wall Street analysts expect the market to continue to perform well in 2025, though not as well as it did over the last two years. With the market up by about 57% over the last two years, it seems improbable that it could replicate such a strong performance for a third consecutive year. However, leading up to the dot-com crash, the market soared for five straight years in the late 1990s, and the tailwinds from AI seem powerful given how big the potential markets are and how impactful AI is expected to be in our daily lives. I think inflation and Treasury yields will play large roles in the performance of these stocks next year. With the 10-year Treasury yield close to 4.6% (as of Dec. 26), investors are certainly concerned about the prospect of inflation reigniting in 2025. The Federal Reserve is projecting only two interest rate cuts in 2025, down from four cuts it previously anticipated. In addition, some worry about the impact that President-elect Donald Trump's policies will have on the economy. That said, better data from the labor market or the Consumer Price Index, which would put more interest rate cuts in play without the prospect of a recession, could lift stocks, particularly those in the tech sector that trade better in a "risk-on" environment. Other market strategists think the Fateful Eight will become defensive plays due to the uncertainty ahead. I expect the market to experience turbulence in 2025. However, I don't expect Broadcom's inclusion in the Fateful Eight will have a significant impact on the group, and I don't expect the Fateful Eight to outperform the Magnificent Seven in 2025 considering the stocks have elevated valuations, tougher earnings comps, and economic challenges from renewed inflation or a potential recession. These stocks may still end 2025 at higher levels than they trade at now, but I wouldn't expect them to deliver booming results like those they put up in 2024.MINNEAPOLIS (AP) — The Minnesota Timberwolves delayed their game against the San Antonio Spurs by one hour on Sunday night due to an issue with the court at Target Center. The Timberwolves announced the decision about three hours before the originally scheduled tipoff time. The Spurs discovered the problem during their morning shootaround, Timberwolves spokesman Patrick Rees said. The team decided to delay the game so arena staff had enough time to install the replacement court that had to be delivered from elsewhere. The Timberwolves have played at Target Center since 1990. ___ AP NBA: https://apnews.com/hub/NBA The Associated Press
SANTA CLARA, Calif. , Dec. 13, 2024 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), today announced a quarterly dividend of $0.06 per share of common stock payable on January 30, 2025 to shareholders of record as of January 10, 2025 . About Marvell To deliver the data infrastructure technology that connects the world, we're building solutions on the most powerful foundation: our partnerships with our customers. Trusted by the world's leading technology companies for over 25 years, we move, store, process and secure the world's data with semiconductor solutions designed for our customers' current needs and future ambitions. Through a process of deep collaboration and transparency, we're ultimately changing the way tomorrow's enterprise, cloud, automotive, and carrier architectures transform—for the better. Marvell® and the Marvell logo are registered trademarks of Marvell and/or its affiliates. For further information, contact: Ashish Saran Senior Vice President, Investor Relations 408-222-0777 ir@marvell.com View original content to download multimedia: https://www.prnewswire.com/news-releases/marvell-technology-inc-declares-quarterly-dividend-payment-302331636.html SOURCE Marvell