Business Archives - Media City Groove

Tuesday, May 12, 2026

By Fronnie Lewis Tuesday, May 12, 2026

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US economy takes a hit as inflation climbs in April

Economy/Inflation Rises— The U.S. economy took a big hit last month. In April, inflation jumped to its highest level in almost three years, according to the latest figures released today from the Bureau of Labor Statistics. The consumer price index, a key inflation measure, shows inflation at 3.8% in April. Soaring oil and gasoline prices are reportedly the major reason. […]

Monday, May 11, 2026

By Fronnie Lewis Monday, May 11, 2026

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‘The Devil Wears Prada 2’ held onto the number one spot at the box office

Movies/Box Office— “The Devil Wears Prada 2” showed it has style and staying power by finishing first for the second straight week at the box office. The high-stepping comedy-drama continued to earn big bucks to the tune of $42 million domestically over Mother’s Day weekend. The video-game sequel “Mortal Kombat II” opened with a lot of buzz, but could not […]

Tuesday, May 5, 2026

By Fronnie Lewis Tuesday, May 5, 2026

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‘The Devil Wears Prada 2’ strutted to the top of the box office

Movies/Box Office— “The Devil Wears Prada 2” wasted no time in racking up the big bucks at the box office. The sequel to the 2006 hit brought in $77 million at the domestic box office on its opening weekend. Globally, the film earned $233 million along with good reviews from critics and moviegoers. In this installment, Miranda Priestly, the […]

Sunday, May 3, 2026

By Fronnie Lewis Sunday, May 3, 2026

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SAG-AFTRA reaches tentative agreement with Hollywood studios

Business/SAG-AFTRA Tentative Agreement— Negotiations between SAG-AFTRA and the AMPTP hit the fast track and have resulted in a deal. In a joint statement posted on their websites, they announced a tentative agreement yesterday. Those contract talks began with a soft launch back in February and apparently got down to serious business last month. No details just yet. However, […]

Saturday, May 2, 2026

By Fronnie Lewis Saturday, May 2, 2026

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Spirit Airlines grounded

Business/Spirit Airlines— The budget-friendly airlines with the bright yellow planes is no longer flying the friendly skies. Spirit Airlines was grounded by financial struggles that finally became too much to overcome. Last night, the rumors became fact, as the airlines began canceling flights and shutting down. Frustatrating ticketholders at Hollywood Burbank, LAX, and other airports. Spirit Airlines posted an explanation […]

Saturday, May 2, 2026

By Fronnie Lewis Saturday, May 2, 2026

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WGA’s new contract goes into effect today

Business/WGA Contract— The Writers Guild of America’s unprecedented new contract takes effect today. Unlike previous agreements with the studios, instead of three years, this contract runs four years, from May 2, 2026, through May 1, 2030. A tentative agreement was reached early last month. Then, once all the votes were counted on April 24, it was announced the rank-and-file of […]

Tuesday, April 28, 2026

By Fronnie Lewis Tuesday, April 28, 2026

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‘Michael’ biopic explodes at the box office with huge opening

Movies/Box Office— “Michael” the movie easily moonwalked to the top of the box office on its opening weekend. Defying expectations and criticism about the storyline, the biopic of the “King of Pop” hauled in $97 million at the domestic box office and a total of $218 million worldwide. The movie scored the biggest opening ever for a biopic and shows […]

Thursday, April 23, 2026

By Public News Service Thursday, April 23, 2026

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Recent data shows Trump’s economy is squeezing US credit card holders

Economy/Credit Cards— By Mark Richardson, producer, Oregon News Service, a bureau of Public News Service. Consumer advocates said price increases and high interest have many Americans, including Oregonians, drowning in debt and lawmakers have failed to protect them. A new analysis of credit card holders found more than 40% of U.S. adults cannot pay off their credit card balances monthly, […]

Tuesday, April 14, 2026

Photo: FLLewis / Media City G -- Walt Disney Studios entrance on Buena Vista Street Burbank April 12, 2018

By Fronnie Lewis Tuesday, April 14, 2026

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Disney begins laying off hundreds of employees

ENTERTAINMENT/Layoffs— The new Disney CEO calls it “streamlining” our operations. No matter what you call it. Hundreds of employees are losing their jobs, and that’s downright painful. Some reports say the number is as high as a thousand people being let go. CEO Josh D’Amaro reportedly sent a memo to employees this morning announcing the layoffs were underway and that […]