‘Do Revenge’: Paying Homage to Teen Classics by Way of Hitchcock

Though Gen Z is the subject, the director Jennifer Kaytin Robinson wanted to honor and critique high school movies of the ’90s.

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By Ashley Spencer

Starbucks Rises 6% On Raised FY23-25 Comp. Store Sales Growth

Shares of global coffee chain Starbucks Corp. (SBUX) are up 6 percent on Wednesday’s trading after the company unveiled its plans for fiscal 2023 to 2025. The stock was up 2.5 percent in Tuesday’s after-hours trading.

The company is optimistic about its growth opportunities in the next three years. Starbucks now anticipates global and U.S. comparable store sales growth between 7-9 percent year over year, which is higher than its earlier range of 4-5 percent.

Currently at $92.88, the stock has traded between $68.39 and $117.80 during the past 52 weeks.

God Loves a Show: Religious Satires Reveal the Art of Acting Faithful

In films like “Honk for Jesus. Save Your Soul” and shows like “The Righteous Gemstones,” pageantry is the top priority.

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By Maya Phillips

U.S. Reports 29% Decrease In Covid Cases In 2 Weeks

The number of Covid positive cases in the United States has fallen by 29 percent in the last fortnight, as per the New York Times’ latest data.

A 9 percent decrease in Covid casualties was recorded in the country during the same period.

With 520 additional deaths reported on Tuesday, the total number of people that have lost their lives due to coronavirus infection in the country has risen to 1,051,323, as per Johns Hopkins University’s latest data.

67,306 new infections on the same day took the total U.S. Covid cases to 95,390,557.

Michigan reported the most number of deaths – 150 – and the most cases – 10,062.

1,944 additional deaths were reported globally on Tuesday, taking the total number of people who have lost their lives due to the pandemic so far to 6,518,352.

93,460,171 people have so far recovered from the disease, the Worldometer tally shows.

U.S. hospitals reported a 10 percent decrease in the number of Covid patients in the last two weeks. The number of I.C.U. admissions due to the worse stage of the viral disease has also fallen by 8 percent.

U.S. Covid hospitalizations fell to 34,076. 4,133 of these patients are admitted in intensive care units.

The nation’s current test positivity rate is 12 percent.

Outgoing CEO Howard Schultz Rules Out Return To Starbucks

Outgoing Starbucks (SBUX) CEO Howard Schultz has said that he would never be returning to the top job at the coffee company as it laid out a new succession plan last week. While speaking on CNBC’s “Squawk Box”, he said, “I’m never coming back again, because we found the right person.”

Laxman Narasimhan, who is at present CEO of Lysol owner Reckitt, will join the coffee company in October and take charge in April. Schultz will stay on Starbucks’ board after Narasimhan succeeds him and act as an advisor.

Schultz was back in Starbucks as CEO for the third time in April after Kevin Jonson stepped down. Even when industry people speculated that Schultz would carry on, he made it clear that his stay at the top job was only temporary.

When Johnson announced his retirement, Schultz had said that he had no plans to return to Starbucks. He served as CEO from 1986 to 2000, leading the company to its incredible growth and again from 2008 to 2017.

While Narasimhan hasn’t joined Starbucks officially yet, Schultz told CNBC that he’s gotten to know his successor “very well” over the last few months. Before heading Reckitt, Narasimhan has worked at PepsiCo and consulting firm McKinsey.

Narasimhan’s appointment got a muted response from Wall Street. Schultz’s earlier departure announcement in late 2016 had lead to a double decline in the stock price.

European Economics Preview: ECB Monetary Policy Announcement Due

The European Central Bank is widely expected to raise its benchmark rates on Thursday, given the record high inflation and the tightening stance of its global peers.

At 1.45 am ET, Swiss unemployment data is due. The jobless rate is forecast to remain unchanged at seasonally adjusted 2.2 percent in August.

At 2.45 am ET, foreign trade and current account balance are due from France.

At 3.00 am ET, the Hungarian Central Statistical Office is scheduled to publish consumer prices and foreign trade figures. Economists forecast inflation to rise to 15.6 percent in August from 13.7 percent in July.

Also, unemployment from the Czech Republic and foreign trade from Slovakia are due.

At 8.15 am ET, the ECB is set to release the outcome of the governing council meeting in Frankfurt. The central bank is widely expected to hike its benchmark rate by 50 basis points.

At 8.45 am ET, ECB Chief Christine Lagarde is set to hold customary press conference.
The ECB staff macroeconomic projections report for the euro area is due today at 9.45 am ET.

Plane crashes into Broomfield pond and two on board safely get out of the aircraft

A small plane crashed into a pond in Broomfield and two people onboard safely got out of the aircraft.

The crash happened Wednesday in the Anthem Ranch area, according to a 12:25 p.m. tweet by North Metro Fire Rescue.

The two people on board were evaluated for injuries by responders and they did not require emergency transport to a local hospital, NMFR said.

The National Transportation Safety Board and Broomfield police are investigating the crash.