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Movie Chain AMC Says It Could Go Broke By Year’s End

PYMNTS

The August reopening of one of those theaters – the location in Kansas City -- included some extra flair. million theater-goers had attended movies at AMC venues from the time of the theater reopenings, a decline of about 85 percent compared to a year prior. Celebrating the chain’s 100 th anniversary, AMC charged 15 cents for tickets.

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For Ag Lenders, Farm Outlook Warrants Watching

Abrigo

Any swing in income at the producer level may create additional ag credit needs for operating expenses or pressure credit quality. Farm businesses are farms with an annual gross cash farm income of at least $350,000 or where farming is the operator’s primary operation. Pandemic-Related Stimulus Ends. Seed purchases: -0.3%

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Fed Names Leader For FedNow Faster Payments Service

PYMNTS

“Ken brings deep financial services insights and technical expertise to his new role,” said Esther George, president and chief executive officer, Federal Reserve Bank of Kansas City, who is also the sponsor of the Fed’s payments improvement initiative. “He

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Fed Says America Needs Instant Payments As Soon As Possible

PYMNTS

The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. However, Kansas City Fed chief George said the system will initially focus on domestic movement of money and won’t include cross-border transactions.

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AMC Reopens Theaters With 15-Cent Ticket Pricing

PYMNTS

20, 1920 at the corner of 12 th Street and Grand Boulevard in Kansas City, Missouri. Lowering ticket and concession prices is a risky strategy for AMC and other operators, as snacks generate most of the actual profits,” PYMNTS noted. AMC said it plans to reopen another 300 theaters by Sept. 3, in time for Warner Bros.’

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Ag lending demand increases as farm margins tighten

Abrigo

Commercial lenders could continue to see elevated demand for agricultural loans – particularly for short-term financing to cover operating expenses -- thanks to tight profit margins for many producers. Current operating loan volumes grew for the third year in a row following several quarters of depressed crop prices,” researchers said.

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Target To Bring Fresh, Frozen Groceries To Customers’ Cars

PYMNTS

The company said in a release that it piloted the expanded grocery pickup program in Kansas City and in the Twin Cities in Minnesota. The move adds fresh and frozen grocery items to its existing pickup and delivery program.