Deteriorating earnings revisions could knock stocks down another 5% to 10%, warns Morgan Stanley

U.S. company earnings revisions are “deteriorating quickly,” threatening to deepen the stock-market’s losses so far this year, according to a note from Morgan Stanley’s wealth-management division. “Negative earnings revisions and negative economic surprises could produce another 5% to 10% decline in the S&P 500,” said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, … Read more

Newen-Owned iZen Launches Investigative Docs Producer CAPA Spain – Report Door

Newen Studios’ Spanish divison iZen has launched documentary producer CAPA Spain with Emmy and Peabody-winning director and journalist Tomás Ocaña. CAPA Spain will work to develop international documentaries in Spain and the wider Hispanic market. Investigative journalist Ocaña is known for docu-series such as Lucy in the Spiderweb, which was Spanish national television streamer RTVEPlay and … Read more

Tom Cruise is back in action in first ‘Mission: Impossible 7’ trailer: ‘Take my money!’

Produce and star in a globetrotting, stunt-heavy action movie in the middle of a global pandemic. That was Tom Cruise’s mission … and he chose to accept it. The Top Gun: Maverick star and his regular collaborator, director Christopher McQuarrie, started working on the two-part Mission: Impossible adventure just as COVID-19 shut down film productions … Read more

Russia Loosens More Capital Controls as Ruble Extends Surge

(Bloomberg) — Russia eased a key capital control that’s underpinned the ruble’s recovery as the currency’s blistering rebound picked up pace Monday. Most Read from Bloomberg The share of foreign-exchange proceeds that exporters are required to sell is being reduced to 50% from 80%, the Finance Ministry said in a website statement. It cited “the … Read more

Doc On First All-Black Team To Summit Mount Everest In Works At Westbrook, REI – Report Door

EXCLUSIVE: Westbrook Studios and REI Co-op Studios have teamed up to produce a documentary about the first all-Black team, supported by Nepali Sherpas, to summit Mount Everest. News & Documentary Emmy nominee Rolake Bamgbose (Connected to the World) and Justice A. Whitaker (Restrictions Apply) will direct and produce the project about the team’s historic achievement, notched … Read more