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Netflix’s latest Blockbuster is a mix of nostalgia and reality

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Blockbuster once had over 9,000 stores, but streaming services like Netflix led to a rapid decline in business

Do you remember the smell of a video store? The fully-stocked shelves boasting the week’s newest releases, which were a haven for film and TV buffs.

Blockbuster was a stalwart in the video-retail space. However, the chain went from a corporation of 9,024 stores in 2004 to one remaining store.

The last Blockbuster store is located in Oregon, and has become a novelty for passers-by and locals.

Today, the store has become the subject of Netflix’s latest series, Blockbuster.

The show is an office-humour sitcom, which gives viewers a glimpse into the last remaining Blockbuster.

It follows a hardworking manager, who is fighting to keep his video store open and staff happy.

But the store and its employees are facing competition and complicated feelings towards their job.

Melissa Fumero and Randall Park star in Netflix’s new series.

The shows’ executive producer, Vanessa Ramos said she liked the concept of using the Blockbuster example but also wanted to “build our own little world”.

“There was a Blockbuster by my house and on Fridays, once my dad got home from work, we would go as a family and we would pick three movies,” she said.

Ramos has worked on other successful Netflix series, including Brooklyn Nine-Nine and Superstore.

Does Blockbuster still exist?

There is one remaining Blockbuster store, which is located in Oregon.

The store was opened in 1992 before it rebranded to Blockbuster in 2000. Today, loyal customers and passers-by can rent their favourite movies, shows and video games.

“Before we became the last one, it definitely was more just loyal local customers,” said Sandi Harding, who is the last remaining Blockbuster manager.

“In July, when we became the one store left, everyone started coming here and visiting from all over the world and there was more nostalgia to it,” she told the U.S. Today Show.

The store has also become a popular tourist attraction. Avid film enthusiasts can even use the store as an Airbnb.

The store was decked out with a bed, free snacks and, of course, a large TV.

“It was a challenge to find that chunky TV,” Harding told CNN.

The world’s last Blockbuster Is now listed on Airbnb.

The staycation was a popular choice for people when Covid-19 gripped the U.S. in 2020.

“It’s only $4 for the night, a penny more than what you would spend for a new release.”

“They can just enjoy their evening, enjoy pizza and popcorn and just have a blast,” Harding said.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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