Disney/Pixar’s Inside Out 2 is set to have a strong third weekend at the box office, with expectations ranging from $55 million to $60 million in domestic earnings. The film is on track to potentially surpass the final domestic gross of Illumination/Universal’s Super Mario Bros Movie, which concluded with $574.9 million. The movie’s success has
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Despite Tesla’s reputation for innovation and cutting-edge technology, the company has been facing ongoing challenges with its Cybertruck model. Recently, two more recalls have been issued for the Cybertruck pickups in the U.S, marking the third and fourth recalls for this particular vehicle. These recalls involve physical repairs that require customers to book appointments with
When looking at the midday trading reports, it is evident that the stock market is experiencing a mixed bag of outcomes. From SolarEdge Technologies taking a substantial hit to Carnival seeing a significant rise, investors are navigating through various developments that are impacting their portfolios. Let’s delve into some of the key highlights and trends
As we enter the second half of 2023, the future of U.S. auto sales remains uncertain. While the first half of the year showed a modest increase of 2.9% compared to the previous year, there are growing concerns that this momentum may not be sustained. Factors such as increasing vehicle inventory levels and incentives, alongside
Sri Lanka is on the brink of signing a debt restructuring agreement with a group of creditor nations, marking a significant milestone in the country’s efforts to navigate through a debilitating economic crisis. The Foreign Minister, Ali Sabry, confirmed that the agreement is expected to be finalized on Wednesday, bringing hope for the country’s recovery.
Recent economic developments have led to a rise in political uncertainty in major economies around the world. With the first U.S. presidential debate on the horizon and the first round of voting in the French election taking place, investors are wary of how these political shifts could impact their positions in the market. This caution
Asian stocks experienced a positive trend on Tuesday, bouncing back from recent losses as investors shifted their focus to potential developments in the ongoing trade war between China and the West. With Chinese markets stabilizing after a period of steep declines, optimism began to emerge as Chinese and European ministers engaged in discussions regarding import
Recently, two federal judges in Kansas and Missouri, at the request of Republican-led states, have issued injunctions to prevent President Joe Biden’s administration from further implementing a new student debt relief plan. U.S. District Judge Daniel Crabtree in Wichita, Kansas, and U.S. District Judge John Ross in St. Louis, Missouri, have blocked the U.S. Department
Inspire Medical Systems and ResMed have experienced significant drops in their stock prices, with decreases of 14% and 11% respectively. This decline came after the announcement that Eli Lilly’s weight loss drug, tirzepatide, showed promising results in reducing the severity of obstructive sleep apnea. Eli Lilly has even applied for approval from the FDA for
The European Union regulators have recently accused Apple of violating new tech regulations that prohibit the restriction of customers from using alternative platforms within the App Store. In their preliminary findings, the European Commission stated that Apple’s App Store rules hinder app developers from freely directing consumers to alternative channels for offers and content. This
Target, a retail giant based in Minneapolis, has announced a new collaboration with Shopify in an effort to bring fresh and trendy brands to its website. This partnership will allow companies working with Shopify to apply to join Target Plus, a third-party marketplace launched by the discounter. In an interview with CNBC, Target’s Chief Guest
Beijing is pushing the European Union to eliminate its preliminary tariffs on Chinese electric vehicles before the July 4 deadline. These tariffs, ranging up to 38.1%, are scheduled to come into effect on July 4 as the EU investigates alleged excessive and unfair subsidies to Chinese electric vehicle manufacturers. China has been urging the EU
In a recent development, China has called upon the European Union to reverse its decision to impose provisional tariffs on Chinese electric vehicles. The dispute arose in the wake of an anti-subsidy investigation launched by the EU into Chinese EVs, leading to the imposition of duties of up to 38.1% on imported vehicles. This move
India’s economy is currently facing challenges that require immediate attention. Two external members of the central bank’s rate panel, Ashima Goyal and Jayanth Varma, have expressed the urgent need for an interest rate cut in order to sustain high growth. Their concerns stem from the fact that food price shocks have not significantly contributed to