Disney/Pixar’s Inside Out 2 continues to break records, with a staggering $799.7M in global box office revenue as of Tuesday. The film has been a massive success internationally, raking in $411.9M from 44 overseas markets. In North America, Inside Out 2 has reached $387.8M, solidifying its position as a top contender on the domestic animated
Nvidia CEO Jensen Huang attributes the company’s success in the artificial intelligence chip market to a strategic bet made over a decade ago. This bet involved significant investment in AI technology, totaling billions of dollars, as well as the recruitment of a team of thousands of engineers dedicated to advancing AI capabilities. During Nvidia’s recent
Rivian Automotive experienced a significant boost in its stock price, soaring more than 40% after securing up to $5 billion in funding from Volkswagen Group. This initial investment of $1 billion, with an additional $4 billion expected by 2026, signaled a major vote of confidence in Rivian’s potential within the electric vehicle market. The surge
The Biden administration recently announced that it will be imposing inflation penalties on 64 prescription drugs for the third quarter of this year. This move is aimed at lowering costs for certain older Americans who are enrolled in Medicare. President Joe Biden has been vocal about his focus on reducing drug prices in the United
Recent statements from the European Central Bank (ECB) indicate a possible gradual reduction in interest rates if inflation drops as anticipated. This move comes after the ECB’s decision to cut rates in June, marking the first rate decrease in the current cycle. Despite the clear indication that further cuts are on the horizon, policymakers have
General Mills, Inc. reported a mixed bag in its fourth-quarter earnings, surpassing Wall Street’s earnings per share (EPS) expectations by a cent but falling short on revenue targets. The food giant posted adjusted EPS of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue for the quarter was reported at $4.71 billion, missing
When we look at the latest data on Americans’ 401(k) savings, a mixed picture emerges. While it is true that Americans are saving more for retirement, there is a pressing need for them to save even more. Vanguard’s annual report, How America Saves 2024, provides a detailed insight into the savings habits of nearly five
Southwest Airlines recently announced a sharp decline in its second-quarter revenue forecast, causing its shares to plummet by approximately 4% in premarket trading. The airline attributed this downward revision to shifting booking patterns, projecting a decrease in revenue per available seat mile between 4% and 4.5% compared to the previous year. Additionally, Southwest revised its
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
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