Author: Daniel snow

AMC Posts Surprise Turnaround with Major Attendance Boost and Revenue Surge

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AMC Entertainment is showing signs of a strong rebound, reporting sharply improved financial results for the second quarter of 2025. The theater chain managed to narrow its net loss significantly—from $32.8 million a year ago to just $4.7 million—and even broke even on an adjusted per-share basis. Total revenue reached nearly $1.4 billion, representing a 35% increase year-over-year and surpassing Wall Street’s expectation of $1.35 billion, according to LSEG estimates. Shares of AMC rose 3% following the earnings release and climbed as high as 11% during intraday trading. Audience Is Back: 26% Attendance Spike One of the key drivers of…

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Nike’s Phil Knight Pledges Record-Breaking $2 Billion to Cancer Research in Historic Gift

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Nike co-founder Phil Knight and his wife Penny have announced a landmark $2 billion donation to the Knight Cancer Institute at Oregon Health and Science University (OHSU)—the single largest gift ever made to an American university, college, or health institution. The donation is set to dramatically accelerate cancer research and treatment innovation, with the potential to reshape how the world approaches the disease. According to the Knight Foundation, the funding will directly support breakthroughs in patient care, cancer diagnosis, and therapy development, with a bold vision: not just to treat cancer, but to eradicate it. At the heart of the…

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Sam Altman Warns of Overhype in AI: “Yes, It’s a Bubble—But Still the Biggest Tech Shift in Decades”

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OpenAI CEO Sam Altman is sounding the alarm on what he sees as a growing bubble in the artificial intelligence industry—even as he acknowledges the transformative power of the technology. Speaking to reporters last week, Altman compared the current AI investment surge to the infamous dot-com boom of the 1990s, when soaring valuations collapsed after many companies failed to deliver on high expectations. “Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes,” Altman said. “Is AI the most important thing to happen in a very long time? My opinion is also…

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