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AMC Warns It May Run Out of Money by End of Year

October 13, 2020

(Bloomberg) — AMC Entertainment Holdings Inc. said it may soon run out of cash amid fresh signs that the pandemic is pushing cinema operators close to default.

a group of people standing in front of a store: Customers wearing protective masks visit the concession stand at an AMC Entertainment Holdings Inc. movie theater in Austin, Texas, U.S., on Thursday, Aug. 20, 2020. AMC will be reopening more than 100 theaters across the country Thursday, about one-sixth of its locations, with plans to open more in the coming weeks.

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Customers wearing protective masks visit the concession stand at an AMC Entertainment Holdings Inc. movie theater in Austin, Texas, U.S., on Thursday, Aug. 20, 2020. AMC will be reopening more than 100 theaters across the country Thursday, about one-sixth of its locations, with plans to open more in the coming weeks.

The world’s biggest theater chain said in a filing Tuesday that liquidity will be largely depleted by the end of this year or early next year if attendance doesn’t pick up, and it’s exploring actions that include asset sales and joint ventures.

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Attendance since the resumption of business in the U.S. is down 85% from the same period a year ago, the company said. AMC has been hobbled

A 33-year-old ‘Henry’ who makes $130,000 a year shares monthly budget

October 13, 2020

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Jennifer Castillo is an attorney, blogger, and self-proclaimed “Henry” — an acronym that stands for “High Earner, Not Rich Yet.”
Henrys are millennials with six-figure incomes who are using investment and savings strategies to meet their future financial goals.
Castillo shared with Business Insider how she spends her monthly income, which includes saving for emergencies, investing in real estate, and purchasing a gym membership.
She wishes there was a “greater appreciation for the aspirational sentiment” of the term Henry.
As an Afro-Latina immigrant, Castillo said she hopes to showcase other BIPOC Henrys on her blog, Jenny the HENRY, to cultivate a more inclusive definition.
Visit Business Insider’s homepage for more stories.

Jennifer Castillo is a Washington, DC-based attorney by day and a blogger by night. Castillo, 33, is a self-described “Henry,” a term (and acronym) that she said encompasses “a subset of millennials that have six-figure incomes, but are not

Whitney Way Thore Opens Up About Her Mental Health After Year of ‘Profound Personal Loss’

October 12, 2020

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Frederick M. Brown/Getty Whitney Way Thore

Whitney Way Thore is reflecting on her mental health struggles.

In honor of World Mental Health Day, the My Big Fat Fabulous Life star, 36, reflected on the “profound personal loss” she experienced this year, which included splitting from fiancé Chase Severino after learning he was expecting a child with another woman.

“Hey y’all. It’s #worldmentalhealthday and I just want to remind you that if you’re struggling, you’re not alone,” she wrote at the start of the candid post. “I was diagnosed with depression at 18 and have been dealing with it for more than 20 years. I’ve also been diagnosed with atypical anorexia nervosa, bulimia nervosa, and generalized anxiety disorder.”

“2020 has been chaotic, terrifying, divisive, and disheartening. Even the most positive people with no history of mental health issues have probably felt hopeless, helpless, and like things are bleak,” she continued. “If

Has American Tower Corporation REIT (AMT) Outpaced Other Finance Stocks This Year?

October 12, 2020

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Investors focused on the Finance space have likely heard of American Tower Corporation REIT (AMT), but is the stock performing well in comparison to the rest of its sector peers? One simple way to answer this question is to take a look at the year-to-date performance of AMT and the rest of the Finance group’s stocks.

American Tower Corporation REIT is one of 901 individual stocks in the Finance sector. Collectively, these companies sit at #14 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months.

Irish budget deficit set to hit 6% of GDP this year -finance minister

October 9, 2020

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By Padraic Halpin

DUBLIN, Oct 9 (Reuters) – Ireland’s budget deficit is set to hit 6.1% of gross domestic product this year, Finance Minister Paschal Donohoe said on Friday, a narrower than forecast shortfall likely to give him room for more generous measures in Tuesday’s budget.

The government will look to support those hit hardest by COVID-19 restrictions in the budget for 2021, helped by state tax revenues having held up much better than expected and Ireland’s big export sector limiting the economic damage.

The finance ministry estimated early in the pandemic that a big fall in tax receipts and a huge increase in spending could lead to a deficit of 23 to 30 billion euros or between 7.4% to 10% of GDP.

Donohoe said the deficit would reach 21 billion euros, provided current COVID-19 restrictions were not tightened. A no-policy-change estimated deficit of 14 billion euros or 4%

U.S. corporate earnings reports will shine a light on the uneven playing field in the year of the pandemic

October 9, 2020

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EARNINGS OUTLOOK

a group of people on a sidewalk: Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic

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Earnings season is expected to show the ‘haves’ versus the ‘have-nots’ created by the pandemic

The U.S. third-quarter corporate earnings reporting season will kick off next week and the numbers will reflect a second quarter dominated by the coronavirus pandemic that has created an uneven playing field in which some companies thrive, while others shrink and fade.

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While stock indexes have set records and big technology and online retailers have outperformed, many other industries and individual companies are grappling with deteriorating sales and earnings as economic growth has slumped across the globe.

“A lot of company risk is not being captured by equity indices,” said James Gellert, chief executive of Rapid Ratings, a data and analytics company that assesses the financial health of private and public companies. “The equity market is showing a lot of optimism, but below the surface, there’s an ocean

How much money YouTube pays finance creators: per month, year, views

October 9, 2020

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YouTube’s Partner Program lets creators monetize their videos with Google-placed ads.
YouTube pays creators a certain rate based on the type of audience their videos attract, and often talking about money can net an influencer more per view than many other topics, according to finance creators.
We spoke with several finance influencers on exactly how much money they’ve made a month, per 100,000 views, and in a single year on YouTube.
Subscribe to Business Insider’s influencer newsletter: Insider Influencers.

This is the latest installment of Business Insider’s YouTube money logs, where creators break down how much they earn.

Attorney Erika Kullberg started her personal-finance YouTube channel one year ago after leaving her job as a corporate lawyer and she now has about 71,500 subscribers.

Though Kullberg’s YouTube channel doesn’t have millions of subscribers, she is still able to earn a sizeable amount of money each month because of her video

Bank of Japan to Start Digital Currency Experiments Next Year

October 9, 2020

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(Bloomberg) — The Bank of Japan said it aims to start early phase experiments next year on issuing a digital currency in order to be ready should demand for one rise quickly.

a group of people walking on a city street: Pedestrians walk past the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Monday, Sept. 14, 2020. The Bank of Japan left its bond-purchase amount unchanged at a regular operation on Monday.

© Bloomberg
Pedestrians walk past the Bank of Japan (BOJ) headquarters at dusk in Tokyo, Japan, on Monday, Sept. 14, 2020. The Bank of Japan left its bond-purchase amount unchanged at a regular operation on Monday.

“From the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, the bank considers it important to prepare thoroughly to respond to changes in circumstances in an appropriate manner,” the BOJ said in a report released Friday.

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While the BOJ reiterated it has no immediate plans to issue a digital currency, today’s report suggests it is trying to keep up with peers including the People’s Bank of China, which has been studying the topic for

China Inc. Set for Biggest U.S. IPO Year Since ‘14 Amid Spat

October 9, 2020

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(Bloomberg) — Chinese companies are choosing to make their market debuts in the U.S., even as Beijing and Washington spar over everything from trade and coronavirus to audit access.

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Firms based in China have raised $9.1 billion through U.S. initial public offerings this year, according to data compiled by Bloomberg, putting 2020 on course for the highest annual total since 2014. The list is still growing: Chinese budget consumer goods retailer Miniso Group Holding Ltd. has started its U.S. IPO that could raise as much as $562 million, while Lufax Holding Ltd., a Chinese fintech firm, filed this week for a U.S. listing that could potentially raise at least $3 billion.

“The U.S. remains an attractive venue for Chinese companies to list,” Tucker Highfield, co-head of equity capital markets for Asia Pacific at Bank of America Corp., said in a phone interview. The U.S. still offers Chinese firms

Huntington Bank Takes Top Spot Nationally For SBA 7(a) Loan Origination By Volume For Third Consecutive Year

October 9, 2020

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12th consecutive year Huntington has led SBA 7(a) loan originations within its footprint

COLUMBUS, Ohio, Oct. 8, 2020 /PRNewswire/ — Huntington (Nasdaq: HBAN; www.huntington.com) is the nation’s largest originator, by volume, of Small Business Administration (SBA) 7(a) loans for the third consecutive year at the close of SBA fiscal year 2020, further strengthening its position as the leader in supporting small businesses. This also marks the 12^th year in a row Huntington has been the largest originator, by volume, of SBA 7(a) loans within its footprint.

This announcement follows Huntington’s recent efforts in supporting its customers by processing more than 38,000 Paycheck Protection Program loans across its footprint in 2020. These loans provided support to businesses during an extremely difficult time and further demonstrated the bank’s commitment to looking out for people.

“We believe small businesses are the lifeblood of our communities,” explained Steve Rhodes, Huntington’s Business