In October 2019, the $5 billion entertainment complex and mega-mall American Dream opened in East Rutherford, New Jersey, after about two decades of planning.
Then, the pandemic hit. It reopened again in October 2020 at a time when most Americans had shifted to online shopping for a safer experience.
Now that vaccines are readily available, American Dream developer Paul Ghermezian and his team are hoping customers will look for that in-person experience that they missed throughout 2020. Not only does the mall boast stores at all price ranges, from Hermes to Zara, but it also is home to the DreamWorks Water Park, the Nickelodeon Universe theme park, and the Big Snow indoor ski slope, among other attractions. As the holiday shopping season gets in full swing, he's hoping people will stop by for gifts as well as to take advantage of the special events and deals American Dream will offer.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
