Apple Seals Movie Deal With Media Mogul Peter Chernin
Apple Inc. has signed a deal to release new movies from North Road, the entertainment studio led by media mogul Peter Chernin, indicating the technology giant's growing ambitions in Hollywood.
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Forbes
32 minutes ago
- Forbes
It's Not The 1990's Gulf War
3 men reading local DAILY GAZETTE newspaper w. headline: WAR!, at Friendship House restaurant, on ... More morning after Operation Desert Storm began. (Photo by) The misdirection before the start of the weekend gave some of us optimists hope that the US would not soon bomb Iran's nuclear sites. If you did not check the news Saturday you were saved from wondering what might happen to the financial markets until Sunday morning. This had me going back into my memory banks and I first focused on the summer of 1990. The economy had been weakening in 1989-1990 in reaction to a restrictive monetary policy used to reduce inflation. There were many of other factors (more on the 1990 recession) as it was a global recession that impacted many countries more than the US. Dow Industrials 1990 The start of the 1990 Gulf War on August 2nd, 1990 is noted on the chart of the Dow Jones Industrials Average. I was also writing market commentary at the time and in early July I noticed bullish signs in the crude oil and gold futures as the Herrick Payoff Index had indicated that the money flow, as well as the volume, was positive. By the time of the invasion, I wondered if Saddam was a buyer in these two markets. The start and end of a recession are determined with a lag by the National Bureau of Economic Research. For example, the 1990 recession start date was determined in April 1991. The Dow Industrials made its low in October 1990 and by the time the Gulf War ended on February 28, 1992, the Dow was already up 20% from the lows. The bullish sentiment hit its lowest point in October 1990 which correlated with similar low readings during the stock market's decline in 2022 as well as the April 2025 lows. It is important to understand that I am not currently expecting a similar reaction in 2025 as the state of the economy as well as the supply-demand for crude oil is much different now than it was in 1990. The exchanges are also much different. In July 1990 crude oil rose from about $19 per barrel to over $40 by October. Crude Oil Weekly The weekly chart shows the surge in crude oil prices in the past two weeks as it has risen from $64.90 to $77.60 per barrel. The weekly starc+band is at $77.39 with the 38.2% Fibonacci retracement resistance at $83.93. This is calculated from the June 2022 high at $130.50. The 38.2% level is a reasonable upside target for the week ahead with the 50% retracement resistance at $92.82. There is long-term chart resistance at $97.19, line a. The on-balance volume moved above its WMA last week and has major resistance at line b. One of the indicators that I have found to be the most valuable for commodities is the Herrick Payoff Index developed by the late John Herrick. It uses volume, open interest, and price action to determine money flow. The HPI rose above its WMA at the end of May and surged sharply above the zero line three weeks ago. Markets For the week the increased tensions added more uncertainty which always makes the markets nervous. The Dow Jones Transportation Average was up 0.5% followed by a 0.4% gain by the iShares Russell 2000 (IWM). Both the NDX 100 and Dow Jones Industrial Average were unchanged while the S&P 500 was down 0.2%. On a year-to-date basis, the SPDR Gold Shares (GLD) is up 28.1% as the weekly HPI has indicated positive money flow in the gold futures since October 2023. The Dow Jones Transportation Average is down 7.1%. For the week on the NYSE, there were 1376 advancing issues and 1433 declining issues. SPY Weekly The Spyder Trust (SPY) has closed slightly lower for the past two weeks but is still up over 1% for June. The all-time high is at $613.23 (line a) with the yearly R1 at $638.09 and the weekly starc+ band at $645.41. The rising 20-week EMA at $577.26 is not consistent with a significant top. It would take a weekly close below the yearly pivot at $647.94 to turn the yearly pivot trend negative. The weekly S&P 500 A/D line has formed slightly lower highs over the past six weeks but it is still above its strongly rising WMA. It has already made new highs which does project new highs also for the SPY. The daily S&P 500 A/D is still below its MA as is the NYSE Stocks Only A/D while the NYSE All A/D line is still above its MA. For the last two days of the week, there were more New Highs than New Lows on the NYSE. Invesco QQQ Trust The Invesco QQQ Trust (QQQ) closed at $526.67 just 2.5% below the all-time high at $540.81. The yearly R1 is at $572.72 with the weekly starc+ band at $577.01. There is minor support initially in the $512-$516 area with strong support at $502.32 and the rising 20-week EMA. The NDX100 A/D line made another new high three weeks ago and is well above its rising WMA. The weekly relative performance RS is holding above its WMA and the resistance at line c. This indicates that QQQ is still leading the SPY and should continue to outperform. Over the past three months, QQQ is up 9.9% while SPY is up 5.4%. Bond Yields In 1990, the 10-year T-Note yield was in a well-defined long-term downtrend but had consolidated for a few months during the recession but then continued to drop. The current MACD analysis and last week's lower close d9es favor lower yields which is also true for the 2-year yield chart. Both should be favored by US and overseas investors as they look for safety. The weekly chart of the 30-year T-Bond yield shows the close above 5% and the 18-month resistance, line a. The initial upside targets from the breakout are in the 5.4-5.6% area. The week MACDs will point to higher yields with another close above 5%. The stock market is likely to be hit with some selling pressure on Monday but I would not expect to see more than a 1-2% pullback unless Iran takes action to block the shipping of oil. We could see 1-2 weeks of sideways to lower trading but the support at the 20-week EMAs should hold.
TechCrunch
32 minutes ago
- TechCrunch
Why Danny Boyle shot ‘28 Years Later' with iPhones
In Brief Director Danny Boyle famously shot his post-apocalyptic classic '28 Days Later' on Canon digital cameras, making it easier for him to capture eerie scenes of an abandoned London, and giving the movie's fast-moving zombies a terrifying immediacy. To make his decades-later sequel '28 Years Later' (which opened this weekend), Boyle turned to a different piece of consumer tech — the iPhone. Boyle told Wired that by using a rig that could hold 20 iPhone Pro Max cameras, the filmmaking team created 'basically a poor man's bullet time,' capturing the brutal action scenes from a variety of angles. Even when he wasn't using the rig, Boyle (who once directed a biopic of Apple co-founder Steve Jobs) said the iPhone was the movie's 'principal camera,' albeit after disabling settings like automatic focus and adding special accessories. 'Filming with iPhones allowed us to move without huge amounts of equipment,' Boyle said, adding that the team was 'able to move quickly and lightly to areas of the countryside that we wanted to retain their lack of human imprint.'
Yahoo
41 minutes ago
- Yahoo
Reporter Fired For Caitlin Clark Tweets Speaks Out
Reporter Fired For Caitlin Clark Tweets Speaks Out originally appeared on The Spun. Rachel DeMita, the popular basketball influencer, was let go from her sports broadcasting job with The Big3 over some Caitlin Clark tweets. Advertisement Ice Cube's basketball league fired courtside commentator after DeMita, who played briefly at the collegiate level, tweeted about Caitlin Clark's return to the WNBA while covering a game for The Big3. Front Office Sports confirmed that DeMita was let go, with the "final straw" being her tweeting about Clark during a game. DeMita, who has 279,000 followers on X and at least 1 million on Instagram, posted eight times over the course of last Saturday, when the Indiana Fever were taking on the New York Liberty. All eight of her posts involved Clark and her return from injury. The Big3 reportedly told DeMita that they were 'dismayed and disappointed' by her social media posts about Clark while she was supposed to be covering one of their games. Rachel DeMita speaks DeMita/X DeMita, 35, addressed the firing in a social media post earlier this week. Advertisement "The rumors are true. I was fired from The Big3. My team received an email at 11 p.m. on Tuesday with a letter that essentially said that I had been terminated," she said. The Big3 told DeMita's team that she was caught tweeting about another league while performing services for their league. The Big3 said that she should have only been promoting league games while working as a sideline reporter. "This is true. I did send out three tweets about the Indiana Fever vs. New York Liberty game during The Big3 broadcast." DeMita said that she didn't want to make any excuses, adding that she will 'take [the firing] on the chin.' Advertisement The former college basketball player said that she was bummed by the abrupt firing. DeMita said that she didn't believe her tweets about Clark and the WNBA would do any damage to The Big3. "I feel like something like this could've been easily nipped in the bud," she said. "From my side, I know of nothing else as to why I was their side, I'm not sure." Reporter Fired For Caitlin Clark Tweets Speaks Out first appeared on The Spun on Jun 22, 2025 This story was originally reported by The Spun on Jun 22, 2025, where it first appeared.
