The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Shares of AMC Entertainment skyrocketed more than 10% Monday, thanks to strong demand for "Avengers: Endgame" tickets and renewed confidence behind the company's subscription program.
B. Riley FBR upgraded AMC's rating to buy from neutral on Monday after a positive meeting with management at CinemaCon in Las Vegas last week. The investment firm had previously downgraded AMC in January due to concerns about how well its subscription program "Stubs A-List" would resonate with consumers.
"We believe the impressive advance ticket sales for 'Avengers: Endgame' signals the start of the spring/summer period and we are increasingly optimistic around the potential contribution of Stubs A-List with our updated analysis after meeting with management at CinemaCon last week," Eric Wold, analyst at B. Riley, wrote in the research note.
Wold noted that the Stubs A-List program, which allows moviegoers to see up to three flicks per week, is the likely successor to MoviePass' failed attempt at a similar program last year.
"Knowing the significant traction that was originally achieved with MoviePass before the parent company's financial issues and terms of service changes, we saw an opportunity for one of the major exhibition chains to step in and offer movie-goers a substitute plan," Wold said.
"And with Regal not yet introducing a subscription program following its acquisition by Cineworld over a year ago, our channel checks have indicated a share shift within shared AMC and Regal film markets — which we would expect to continue until at least another plan is introduced," he said.
Additionally, AMC's loyalty program, called Stubs, recently surpassed 19 million members, up from 12 million in the past year.
Stubs A-List costs about $24 per month — about the same price as two adult movie tickets in New York — and requires a three-month minimum at sign-up. There are no blackout dates and subscribers can see films in any format, including IMAX and Dolby Cinema.
In addition, Wold said AMC, which has a market value of $1.7 billion, will reap the benefit of this year's summer blockbusters.
Last week, "Avengers: Endgame" crushed Fandango's first-day U.S. sales record within the first six hours of presales. And on Atom Tickets, the film has sold three times more tickets in the first hour of sales than "Infinity War" did last year. It set a record on the site for the best first hour of presales.
"AMC announced that advance ticket sales have already surpassed the combined first day sales from 'Avengers: Infinity War', 'Captain Marvel,' 'Black Panther' and 'Star Wars: The Last Jedi,'" he said.
Also coming to theaters this summer is "Toy Story 4," "The Lion King," "Godzilla: King of Monsters," "Aladdin," "Spider-Man: Far From Home," "Detective Pikachu" and "Hobbs and Shaw," among others.
Disclosure: Comcast is the parent company of NBCUniversal and CNBC. Fandango is owned by Comcast. NBCUniversal is the distributor of "Hobbs and Shaw."