Hollywood stock collapse clouds box office outlook
The entertainment industry faces a 1.3 billion loss in market value as AMC warns of a weaker North American box office. With flops like King Arthur and Valerian, studios fret over dwindling attendance, rising prices, and a shift to streaming. AMC plans layoffs, a write off of National CineMedia, and strategic pricing to recapture demand.
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Mortgage rates hold steady as Freddie Mac reports
Freddie Mac data show the 30 year fixed rate at 3.93 percent with 0.5 point, the 15 year at 3.18 percent, and the five year ARM at 3.15 percent. Analysts note mixed data and a Fed balance sheet plan could influence future moves. Employment data today may affect rates.
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