BCFC/iStock Editorial via Getty Images Theater chain AMC Entertainment ( AMC ) reported a revenue and profit beat for the fourth quarter, helped by the recovery of box office performance in North America. Shares of the company were flat in premarket trading on Monday. "AMC is exceptionally well positioned to capitalize on a recovering box office," AMC CEO Adam Aron said. "And as I have said many t...
BCFC/iStock Editorial via Getty Images Theater chain AMC Entertainment ( AMC ) reported a revenue and profit beat for the fourth quarter, helped by the recovery of box office performance in North America. Shares of the company were flat in premarket trading on Monday. "AMC is exceptionally well positioned to capitalize on a recovering box office," AMC CEO Adam Aron said. "And as I have said many times before, the not-so-secret formula to a full box‑office recovery is straightforward: we need more great movies from our studio partners." "With a movie slate including such titles as Spider-Man: Brand New Day , Avengers: Doomsday , Moana , Dune: Part Three , and The Odyssey , we anticipate significant industry growth in the remainder of the year, and we believe AMC is well positioned to capture this growth." During the quarter, admissions revenue was down 2.7% at $701.6M; food and beverage revenue fell 2.2% to $436.5M; and revenue from other sources was $150.2M, up 8.2%. Theater attendance on a consolidated basis was 56.3M in Q4, down 9.8%. The consolidated contribution margin per patron was $15.58, up from $14.05 last year. Adjusted EBITDA fell to $134.1M from $164.8M last year but was largely in line with estimates. Net loss for the three months ended December 31 narrowed to $127.4M, or a loss per share of 25 cents, from a loss of $135.6M, or a loss of 35 cents per share, for the same period last year. On an adjusted per-share basis, AMC lost 18 cents, while analysts were expecting a loss of 25 cents. Revenue fell 1.4% to $1.29B but was ahead of the $1.27B estimate. More on AMC AMC Entertainment Earnings Preview: Avoid The Stock Ahead Of Q4 Results AMC Entertainment: A Look At What It Needs To Avoid Increasing Net Debt AMC Entertainment's On A Short Leash AMC launches $1.73B notes offering to refinance debt, redeem Odeon notes AMC Non-GAAP EPS of -$0.18 beats by $0.07, revenue of $1.29B beats by $20M
The U.S. Supreme Court made waves on Friday, ruling that President Trump doesn't have the legal authority to impose tariffs under the International Emergency Economic Powers Act. Trump pivoted to a different way to at least temporarily implement tariffs worldwide of 10% -- later raised to 15% -- but the market reacted positively to the judicial setback. This is good news for for Nike (NYSE: NKE) ,...
The U.S. Supreme Court made waves on Friday, ruling that President Trump doesn't have the legal authority to impose tariffs under the International Emergency Economic Powers Act. Trump pivoted to a different way to at least temporarily implement tariffs worldwide of 10% -- later raised to 15% -- but the market reacted positively to the judicial setback. This is good news for for Nike (NYSE: NKE) , Target (NYSE: TGT) , and Home Depot (NYSE: HD) , along with many other consumer-facing giants that have come under fire since the tariffs were initially introduced more than 10 months ago. Image source: Getty Images. Continue reading
My top 10 things to watch Monday, Feb. 23 1. We're headed for a down open this morning on Wall Street. President Donald Trump already raised his baseline global tariff rate to 15% from 10% following Friday's Supreme Court decision. Oil prices were largely flat after the United States took no action against Iran over the weekend. 2. Club name Eli Lilly is once again triumphant over Novo Nordisk . T...
My top 10 things to watch Monday, Feb. 23 1. We're headed for a down open this morning on Wall Street. President Donald Trump already raised his baseline global tariff rate to 15% from 10% following Friday's Supreme Court decision. Oil prices were largely flat after the United States took no action against Iran over the weekend. 2. Club name Eli Lilly is once again triumphant over Novo Nordisk . The Danish drugmaker's next-generation obesity drug, CagriSema, wasn't more effective than Lilly's Zepbound in a head-to-head trial. Novo shares tanked 15%. Lilly added more than 3%. Keep buying Lilly. 3. Is there a private equity crisis brewing — being laid bare by concerns that AI is eating software and the massive spending by the hyperscalers on data centers? I explored all these crosscurrents in my Sunday column and will look at what they mean for our portfolio during Friday's Monthly Meeting for Club members. 4. RBC Capital Markets upgraded Spain's Banco Santander to buy from hold ahead of its investor day this week. Santander is the best bank to own in Europe, and it deserves a valuation premium. It's also expanding in the U.S., announcing an acquisition of Connecticut-based Webster Financial earlier this month. 5. Google-parent Alphabet was upgraded to buy from hold at Wells Fargo. Analysts said it's a leader in customer data, distribution, and compute capacity, three traits an AI winner needs. I agree. That's why the Club restarted a position in Alphabet late last year. 6. Jefferies took a hatchet to a chunk of its software coverage, downgrading Workday , DocuSign , Monday.com , and Freshworks due to "more persistent" AI risk and negative sentiment. Analysts said they have a relative preference for software vendors willing to disrupt themselves, like Salesforce and Intuit . Salesforce is one of the five Club holdings reporting this week, as is Nvidia . 7. JPMorgan downgraded VF Corp. , the company behind Vans, The North Face, and Timberland, to sell from hold on lowe...
The New York Stock Exchange and Nasdaq Inc. said they will be operating their markets as normal on Monday as a winter storm sweeps through the New York area. The two largest US stock exchange operators said they don’t expect any changes to Monday’s market open despite blizzard conditions that have caused travel restrictions interrupting businesses across the East Coast. New York City Mayor Zohran ...
The New York Stock Exchange and Nasdaq Inc. said they will be operating their markets as normal on Monday as a winter storm sweeps through the New York area. The two largest US stock exchange operators said they don’t expect any changes to Monday’s market open despite blizzard conditions that have caused travel restrictions interrupting businesses across the East Coast. New York City Mayor Zohran Mamdani declared a state of emergency and closed streets, highways and bridges to most traffic until noon. Read More: Central Park Gets 15 Inches of Snow as Whiteout Stunts NY Travel “There is no impact to our markets and systems. We expect normal operation,” Nasdaq said in an emailed statement. NYSE, which is owned by Intercontinental Exchange Inc. , also said it will be operating normally. Both exchanges run electronic systems, with data-centers in the New York-area, that have backup systems and other contingency plans in place, in the case of extreme interruptions. Normal US market-hours are from 9:30 a.m. to 4 p.m. in New York.
Sunan Wongsa-nga/iStock via Getty Images French defense technology company Exosens ( EXOSF ) ( EXSNY ) boosted its medium-term financial targets on Monday, citing exceptionally strong demand across defense and surveillance markets after reporting that profit more than doubled in 2025. The maker of night-vision and imaging equipment increased its goal for annual organic revenue growth to 15% and no...
Sunan Wongsa-nga/iStock via Getty Images French defense technology company Exosens ( EXOSF ) ( EXSNY ) boosted its medium-term financial targets on Monday, citing exceptionally strong demand across defense and surveillance markets after reporting that profit more than doubled in 2025. The maker of night-vision and imaging equipment increased its goal for annual organic revenue growth to 15% and now expects organic earnings before interest, taxes, depreciation and amortization growth to exceed 15% over the medium term. Chief Executive Jerome Cerisier said demand for advanced imaging systems has accelerated, particularly in surveillance, where rapidly evolving drone threats are reshaping military requirements. He described the shift as a structural change in the defense landscape. Exosens ( EXOSF ) ( EXSNY ) posted a 22% jump in revenue last year to €468.2 million, while net income from continuing operations climbed to €70.2 million. Looking ahead to 2026, the company projects revenue between €520 million and €540 million, along with adjusted ebitda of €168 million to €178 million. Those figures imply growth of roughly 13% to 14%, moderating from the more than 20% pace recorded last year. Shares fell more than 3% by midday trading. One analyst, speaking on condition of anonymity, attributed the decline to profit-taking following a strong rally, as well as ongoing discussions about a possible resolution to the war in Ukraine. Defense ‘supercycle’ Military procurement has surged since Russia’s 2022 invasion of Ukraine, compounded by U.S. pressure on European allies to increase defense budgets. Since its 2024 public listing, Exosens’ ( EXOSF ) ( EXSNY ) stock has climbed sharply, with investors betting the company, whose defense and surveillance businesses accounted for 75% of revenue last year, would benefit from sustained increases in military spending. Cerisier told Reuters he believes elevated defense budgets are likely to persist beyond any potential ceasefire in Uk...
Joe Raedle/Getty Images News Pentagon leaders, including U.S. Secretary of Defense Pete Hegseth, plan to hold a meeting with Anthropic ( ANTHRO ) CEO Dario Amodei on Tuesday to open up the use cases of artificial intelligence in classified operations, according to Axios. Anthropic, which is backed by tech giants such as Amazon ( AMZN ) and Google ( GOOG )( GOOGL ), provided the first large languag...
Joe Raedle/Getty Images News Pentagon leaders, including U.S. Secretary of Defense Pete Hegseth, plan to hold a meeting with Anthropic ( ANTHRO ) CEO Dario Amodei on Tuesday to open up the use cases of artificial intelligence in classified operations, according to Axios. Anthropic, which is backed by tech giants such as Amazon ( AMZN ) and Google ( GOOG )( GOOGL ), provided the first large language model to be cleared to work on classified material for the U.S. government. However, Anthropic has reportedly pushed back on two use cases of its AI: domestic mass surveillance and autonomous weapons systems. "We have to be able to use any model for all lawful use cases," said Under Secretary for Research and Engineering Emil Michael . "If any one company doesn't want to accommodate that, that's a problem for us." The Pentagon has threatened to remove Claude from its workflows and to force other companies who work with the Pentagon to do the same if Anthropic refuses to ease up on its safeguards. The meeting on Tuesday, which will also include Deputy Secretary Steve Feinberg and Michael, will attempt to resolve this standoff. "Anthropic knows this is not a get-to-know-you meeting," a senior Defense official told Axios . "This is not a friendly meeting. This is a sh*t-or-get-off-the-pot meeting." Anthropic's contract with the Pentagon is worth up to $200M. Anthropic also partners with Palantir ( PLTR ), which works extensively with the U.S. government on security issues. Last week, a senior defense official said that many at the Pentagon see Anthropic as a supply chain risk. "The Department of War's relationship with Anthropic is being reviewed," said Chief Pentagon Spokesman Sean Parnell. "Our nation requires that our partners be willing to help our warfighters win in any fight." An Anthropic spokesperson said the company "is committed to using frontier AI in support of U.S. national security." More on Anthropic Cybersecurity stocks fall after Anthropic unveils Claude Cod...
AI Agent OpenClaw Confirms Ban On Bitcoin/Crypto Discussions In Discord Authored by Amin Haqshanas via CoinTelegraph.com, The developer behind the fast-growing open-source AI agent framework OpenClaw has confirmed that any mention of Bitcoin or other cryptocurrencies on its Discord server can lead to removal. In a Saturday post on X, a user revealed that they were blocked from OpenClaw’s Discord s...
AI Agent OpenClaw Confirms Ban On Bitcoin/Crypto Discussions In Discord Authored by Amin Haqshanas via CoinTelegraph.com, The developer behind the fast-growing open-source AI agent framework OpenClaw has confirmed that any mention of Bitcoin or other cryptocurrencies on its Discord server can lead to removal. In a Saturday post on X, a user revealed that they were blocked from OpenClaw’s Discord simply for referencing Bitcoin block height as a timing mechanism in a multi-agent benchmark. In response, OpenClaw creator Peter Steinberger confirmed the action, writing that members had accepted “strict server rules” upon joining and that the community maintains a “no crypto mention whatsoever” policy. OpenClaw confirms ban on crypto. Source: Steinberger Steinberger later agreed to re-add the user, asking them to email their username so he could restore their access to the server. OpenClaw’s crypto problem began with a fake token Trouble began during a rebrand after Steinberger received a trademark notice related to the project’s original name. In the short window between releasing old social accounts and claiming new ones, scammers seized the abandoned handles and promoted a Solana-based token called $CLAWD . The token surged to roughly $16 million in market capitalization within hours before collapsing more than 90% after Steinberger publicly denied involvement. Early buyers accused the developer. Steinberger responded at the time by warning users he would never launch a cryptocurrency and that any token claiming association with him was fraudulent. Security researchers later identified hundreds of exposed OpenClaw instances online and dozens of malicious plug-ins, many designed to target crypto traders. OpenClaw has expanded rapidly since launching in late January, surpassing 200,000 GitHub stars within weeks and attracting a wide developer audience interested in autonomous agents. Crypto firms bullish on AI agents Industry leaders increasingly see crypto as the defaul...