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2:45 a.m. Feb. 25, 2021 - By Tomi Kilgore
SeaWorld reports narrower-than-expected loss, as attendance and guest spending rise above forecastsSeaWorld Entertainment Inc. reported Thursday a fifth straight quarterly loss, but beat bottom-line expectations for the first time in six quarters, as revenue, attendance and guest spending all beat forecasts. Thje stock was still inactive in premarket trading. The fourth-quarter net loss widened to $45.5 million, or 58 cents a share, from $24.2 million, or 31 cents a share, in the year-ago period. The FactSet consensus was for a per-share loss of 71 cents. Revenue fell 48.3% to $154.1 million, but was well above the FactSet consensus of $122.1 million. Attendance dropped 52.8% to 2.2 million but beat the FactSet consensus of 2.0 million, while admission per capita rose 9.4% to $41.44 to beat expectations of $40.80 and total revenue per capita increased 9.4% to $69.40 to top forecasts of $68.30. The company currently has eight of its 12 parks open, at limited capacity, and is planning to have all 12 of its parks open for the 2021 season. "Guests showed a continuing desire and interest to visit our parks, especially during our Halloween and Christmas events," said Chief Executive Marc Swanson. " As we enter 2021, we are pleased that guests are returning, including for our popular food and music festivals." The stock has rallied 42.4% over the past three months, while the S&P 500 has gained 8.2%.
10:58 a.m. Nov. 23, 2020 - By Ciara Linnane
U.S. coronavirus case tally tops 12 million amid growing fears that Thanksgiving travel will spark another surge of infections ‘Four days before a holiday with potentially the most indoor and in-person gatherings of the year in the U.S., the virus is here and more prevalent than ever,’ says one analystThe global case tally for the coronavirus illness COVID-19 rose to 58.8 million on Monday and the U.S. tally rose above 12 million, with new daily infections heading toward 200,0000 a day amid growing fears that Thanksgiving travel will spark another surge.
7:44 a.m. Nov. 23, 2020 - By Tonya Garcia
National Retail Federation expects holiday sales to grow as much as 5.2%, exceeding growth in recent yearsThe National Retail Federation released its forecast for holiday season retail sales, expecting growth of 3.6% to 5.2% in 2020, reaching between $755.3 billion and $766.7 billion. The forecast, which is being announced about a month later than usual due to uncertainty from coronavirus pandemic, excludes gas stations, auto dealers and restaurants. It's also higher than recent averages, with 2019 sales increasing 4% to $729.1 billion. Average holiday sales rose 3.5% over the past five years. "Consumers have responded positively to other holidays" like Halloween and Mother's Day, said NRF Chief Executive Matthew Shay on a call with media. "We've seen consumers very engaged to celebrate and move into real consumption mode around the holidays." The NRF does leave room for a loss of momentum due to the in coronavirus cases and the possibility for further restrictions. However, with many consumers longing to celebrate and increased savings from a decline in spending on other things like travel, the retail trade association expressed confidence that shoppers will come out. "Consumers have experienced a difficult year but will likely spend more than anyone would have expected just a few months ago," said Jack Kleinhenz, NRF's chief economist in a statement. "After all they've been through, we think there's going to be a psychological factor that they owe it to themselves and their families to have a better-than-normal holiday." E-commerce sales are expected to grow 20% to 30% to reach as much as $218 billion, up from $170 billion last year. The SPDR S&P Retail ETF has gained 28.5% for the year to date. The Amplify Online Retail ETF has soared 96.5%. And the benchmark S&P 500 index [s:spx] is up 10.2% for the period.
11:33 a.m. Nov. 9, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally tops 10 million and Biden warns vaccination is still months away despite positive Pfizer news There is now ‘light at the end of the tunnel’ with a return to ‘normalcy’ appearing likely in 2021, according to Raymond James analystThe U.S. tally of confirmed cases of the coronavirus illness COVID-19 rose above 10 million on Monday, and financial markets enjoyed a historic rally following positive news on a leading COVID-19 vaccine candidate.
5:11 p.m. Nov. 7, 2020 - By Ciara Linnane
Coronavirus update: Third straight single-day case record in U.S.; Trump chief of staff Meadows tests positive President-elect Joe Biden will announce a COVID-19 task force on Monday, Axios reportsThe U.S. case tally from the coronavirus illness COVID-19 rose by a record of almost 133,000 on Friday, a third straight day of record-setting levels, as hospitals in rural areas of the Midwest and southern states including Texas and Florida continued to feel the strain.
1:20 p.m. Nov. 6, 2020 - By Ciara Linnane
Coronavirus update: U.S. new cases jump 20% to record 121,200 in a single day; ‘We North Dakotans are in crisis,’ says doctor 13 states posted record case numbers on Thursday, including Illinois, Ohio, Indiana, Minnesota, Iowa, Oklahoma, Nebraska and North DakotaJust one day after the U.S. surpassed 100,000 new cases of the coronavirus illness COVID-19 in a singe day, it set a fresh record that was 20% higher, straining hospitals in areas of the Midwest and South as they struggle to cope with an influx of patients.
7:21 a.m. Nov. 5, 2020 - By Jaimy Lee
Here are all the reasons COVID-19 cases are surging again ‘Pandemic fatigue’ is setting in among Americans tired of social distancing and wearing masksExperts attribute the record-breaking number of coronavirus cases to growing weariness among Americans to keep up with pandemic practices like social distancing and wearing masks.
7:55 a.m. Nov. 3, 2020 - By Nicole Lyn Pesce
Stress-eating through Election Day? Grab freebies from McDonald’s, Wendy’s and Krispy Kreme Election Day comfort food discounts abound as American anxiety peaks over the 2020 voteElection Day comfort food discounts abound as American anxiety peaks over the 2020 vote
6:39 a.m. Oct. 31, 2020 - By Nicole Lyn Pesce
Is trick-or-treating safe? Here’s what the CDC suggests for a pandemic Halloween Some parents aren’t canceling Halloween. Some parents aren’t canceling Halloween.
5:47 a.m. Oct. 31, 2020 - By Mike Murphy
Here’s what’s coming to Hulu in November 2020, and what’s leaving Get ready for an ‘Animaniacs’ reboot, a Greta Thurnburg documentary and the start of holiday rom-com seasonHulu has a smattering of new series and movies coming in November, but for viewers of a certain age, only one really matters: The reboot of ‘Animaniacs.’
4:35 a.m. Oct. 22, 2020 - By Mike Murphy
‘The Mandalorian’ returns, but what other streaming picks are worth paying for in October 2020? Looking to cut back on streaming subscriptions? October could be a good month to do soOctober could actually be a good time for budget-minded consumers to cut back on their subscriptions.
1:04 a.m. Oct. 20, 2020 - By Sally French
10 theme parks where Halloween is still happening Here’s a guide to the best spots if you still want to celebrate Halloween, and how to get there on pointsIs Halloween canceled this year? It might be in your neighborhood, but it’s not canceled everywhere.
6:03 a.m. Oct. 14, 2020 - By Tonya Garcia
Dunkin' launching Spicy Ghost Pepper doughnut with 'Hot Ones' host Sean EvansDunkin' Brands Group Inc. will launch a limited-time Spicy Ghost Pepper doughnut on Wednesday, available nationwide through December. The doughnut is made with strawberry icing that's been flavored with cayenne and ghost pepper. The company has partnered with Sean Evans, host of the popular series, for a special episode on Oct. 19, where he will eat one of the doughnuts with a variety of hot sauces. Dunkin' is also making doughnut decorating kits available for Halloween. Dunkin' stock has gained 13% for the year to date while the S&P 500 index is up 9.1% for the period.
7:15 a.m. Oct. 4, 2020 - By Mike Murphy
Here’s what’s coming to Hulu in October 2020, and what’s leaving Get ready for horror, with ‘Monsterland,’ ‘Helstrom,’ ‘Bad Hair’ and moreGet ready for horror, with ‘Monsterland,’ ‘Helstrom,’ ‘Bad Hair’ and more
7:13 a.m. Oct. 4, 2020 - By Mike Murphy
Here’s what’s coming to Amazon Prime Video in October 2020 A new ‘Borat,’ and Blumhouse launches four unsettling movies, while Simon Pegg and Nick Frost reunite for spooky laughs with ‘Truth Seekers’Blumhouse launches four unsettling movies, while Simon Pegg and Nick Frost reunite for spooky laughs with ‘Truth Seekers.’
7:11 a.m. Oct. 4, 2020 - By Mike Murphy
Here’s everything coming to Netflix in October 2020 — and what's leaving Get ready for the final season of ‘Schitt’s Creek,’ along with an Adam Sandler Halloween movie, a ‘Rebecca’ remake and the ghostly ‘Haunting of Bly Manor’Get ready for the final season of ‘Schitt’s Creek,’ along with an Adam Sandler Halloween movie, a ‘Rebecca’ remake and the ghostly ‘Haunting of Bly Manor’
12:27 p.m. Oct. 1, 2020 - By Andrew Keshner
Man loses bid to force ‘very wealthy’ parents to support him and the common mistakes that could get your mail-in ballot rejected Thursday’s Personal Finance Stories. Thursday’s Personal Finance Stories.Thursday’s Personal Finance Stories.
11:26 a.m. Oct. 1, 2020 - By Tonya Garcia
Halloween sales forecast could be frightful to companies trying to create holiday season momentum Data shows that a lot of people intend to scale back their Halloween plansHalloween spending is forecast to drop, as retailers start putting their holiday shopping season plans into place amid the ongoing coronavirus pandemic.
12:44 p.m. Sept. 24, 2020 - By Jacob Passy
How a seasonal job may affect your unemployment benefits and experts advise caution as Americans feel comfortable eating at restaurants again Thursday's top personal finance stories Thursday's top personal finance storiesThursday's top personal finance stories
11:42 a.m. Sept. 23, 2020 - By Tomi Kilgore
Coronavirus update: U.S. death toll tops 201,000, as daily tally more than doubles J&J kicks off final stage of trials on COVID-19 vaccine candidate; Trump mocks Biden’s masks; FDA reportedly drafts guidelines requiring rigorous vaccine safety standardsThe number of deaths in the U.S. as a result of the coronavirus that causes COVID-19 surged past the 200,000 mark, while the global count climbed closer to 1 million, while Johnson & Johnson provided a dose with regards to its vaccine candidate.
2:02 p.m. Sept. 22, 2020 - By Jacob Passy
Funding for the extra $300 unemployment benefit is nearing depletion and 4 Supreme Court cases this fall with money implications Tuesday's top personal finance stories Tuesday's top personal finance storiesTuesday's top personal finance stories
4:32 a.m. Sept. 22, 2020 - By Tomi Kilgore
Party City plans to hire 20,000 seasonal employees for Halloween, less than last yearParty City Holdco Inc. said Tuesday it plan to hire ab out 20,000 temporary employees for the Halloween season, which is down from 25,000 seasonal hires announced a year ago. The party goods retailer said it expects to open approximately 25 Halloween City pop-up stores for the season, which compares with last year's plan to open up 275 pop-up stores. The company said it expects to retain 10% of temporary seasonal hires after the Halloween season. The stock, which gained 0.7% in premarket trading, has rallied 29.9% year to date through Monday, while the S&P 500 has gained 1.6%.
4:12 a.m. Sept. 12, 2020 - By Nicole Lyn Pesce
Fauci tells Americans to ‘hunker down’ this fall and winter: ‘It’s not going to be easy’ Coronavirus cases remain ‘unacceptably high’ as schools and restaurants reopen, and flu season approachesCoronavirus cases remain ‘unacceptably high’ as schools and restaurants reopen, and flu season approaches
9:55 a.m. Sept. 4, 2020 - By Mark Hulbert
Why ‘Sell in May and go away’ was money-losing advice for stock investors in 2020 Seasonal market-timing pattern makes sense in just one year out of fourThis seasonal market-timing pattern makes sense in just one year out of four, writes Mark Hulbert.
11:08 a.m. July 28, 2020 - By Ciara Linnane
Coronavirus update: U.S. case tally climbs above 4.30 million as Texas becomes fourth state with more than 400,000 cases Pfizer, McDonald’s, 3M and Raytheon Technologies are latest Dow components to report earnings with mixed resultsThe U.S. tally for confirmed cases of the coronavirus illness COVID-19 climbed above 4.30 million on Tuesday, and the death toll exceeded 148,000, after Texas became the fourth state with more than 400,000 cases, joining California, Florida and early hot spot New York.
11:44 a.m. July 27, 2020 - By Tonya Garcia
Hershey thinks there will be trick-or-treating this Halloween despite COVID-19Hershey Co. is confident that consumers will want to take their kids trick-or-treating this Halloween despite the ongoing COVID-19 pandemic. "It is an outdoor event. And it's an event where a lot of masks are already worn," said Michelle Buck, Hershey's chief executive on the company's recent call, according to a FactSet transcript. "There's no evidence of the virus being passed through packaging or food, so we feel pretty good based on what we're seeing so far from consumer feedback." Hershey reported a profit that beat expectations, but sales fell short. Hershey has already started shipping Halloween orders, Buck said, with shipments continuing through early October. Hershey didn't provide 2020 guidance due to the uncertainty caused by the pandemic, and Buck leaves the door open for a shift between now and Halloween. "[I]f trick-or-treat tends to be a little lower than expectation, clearly, we'll focus even more on the treat for me and the candy bowl occasion," she said. About half of the Halloween product sold is for "self-consumption," and some of the product has already shifted to "everyday packaging." Stifel analysts think that most of the orders for Halloween are set, but will still keep an eye on developments given the surge in coronavirus cases and lockdown measures. Analysts note that Halloween accounts for 10% of the company's sales and 40% of third-quarter sales. Stifel rates Hershey stock hold with a $140 price target. Hershey stock is down 0.3% for the year to date while the S&P 500 index is up 0.3% for the period.
11:34 a.m. June 15, 2020 - Associated Press
Former eBay executives charged with terrorizing a couple who ran a newsletter by sending live cockroaches and spiders to their home The employees also planned to break into the couple’s garage to install a GPS device on their car, officials saidSix former eBay Inc employees have been charged with waging an extensive campaign to terrorize and intimidate the editor and publisher of an online newsletter with threats and disturbing deliveries to their home, including live spiders and cockroaches, federal authorities said Monday.
12:53 p.m. June 10, 2020 - By Nicole Lyn Pesce
The many different reasons people are upset that HBO Max temporarily pulled ‘Gone With the Wind’ The movie’s racist depictions ‘were wrong then and are wrong today,’ HBO said in a statementThe movie’s racist depictions ‘were wrong then and are wrong today,’ HBO said in a statement.
12:52 p.m. June 10, 2020 - Associated Press
Bon Appetit vows to change its culture, says it’s been ‘far too white for far too long’ Magazine promises to seek minority candidates for editor in chief, resolve pay disparitiesBon Appetit, whose top editor resigned Monday after a staff revolt over an offensive photo and longstanding issues involving treatment of people of color, said Wednesday that “our mastheads have been far too white for far too long” and promised major changes at the magazine.
7:40 p.m. June 8, 2020 - Associated Press
Top editor at Bon Appetit resigns after uproar sparked by offensive photo Magazine also accused of not paying black staffer for popular YouTube videosThe editor-in-chief of Bon Appetit, Adam Rapoport, resigned after a photo of him dressed in a stereotypical Puerto Rican costume surfaced on social media.
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