Amidst the changing landscape of the global box office, Sony/Alcon’s The Garfield Movie has risen to the top, dominating the domestic, international, and global charts. With an impressive offshore session in 60 markets bringing in $27.1M, the film has reached a worldwide total of $152.2M. The film’s success in China, where it opened to $8.2M,
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In May, Australian home prices experienced a significant increase, marking the largest monthly gain since October. Data from property consultant CoreLogic revealed that national home prices rose by 0.8%, extending the growth streak to sixteen consecutive months. Compared to April, when prices saw a 0.6% increase, the current figures show a steady upward trend. Year-on-year,
Adam Moelis, co-founder of Yotta, had noble intentions when he started the fintech startup in 2019. He aimed to provide Americans with a unique way to save money and build financial stability. However, what unfolded was far from his vision. A dispute between Yotta’s banking partners, Synapse and Evolve Bank & Trust, led to the
The past week has been a tumultuous one for the software and enterprise tech industry. With Salesforce executives revealing that deals are getting delayed, Dell experiencing shrinking margins, and Okta facing macroeconomic challenges, it was clear that the sector was in for a rough ride. Veeva’s CEO also highlighted the competition posed by generative artificial
The global equities index, MSCI, saw a notable rebound in afternoon trading as investors repositioned themselves for month-end activities. Initially in the red, the MSCI All Country World Price Index turned positive towards the end of the session before Wall Street trading closed. The index was up 0.57% at 785.54, showcasing a strong recovery from
Dell Technologies experienced a significant drop in share price, with shares falling more than 16% following the release of the company’s fiscal first-quarter results. Despite beating analysts’ expectations, investors were discouraged by Dell’s lower-than-expected artificial intelligence server backlog and the anticipated decline in margins. The stock market’s negative reaction to these news highlights the underlying
Morgan Stanley’s analysts recently increased their price targets on Toyota and Honda, with Honda specifically highlighted as their top choice among Japanese automakers due to improved profitability prospects and sustained shareholder returns. This strategic move is based on the idea that Honda’s profitability is expected to shine brighter in the coming days with a broader
China’s manufacturing activity took an unexpected hit in May, raising concerns about the need for additional stimulus to revive the economy. The official manufacturing purchasing managers’ index (PMI) fell to 49.5 in May from 50.4 in April, falling below the 50-mark that separates growth from contraction. This disappointing result was also below analysts’ forecast of
In a recent financial conference, Bank of America CEO Brian Moynihan highlighted a noticeable trend among U.S. consumers and businesses. Both groups have been exercising caution when it comes to spending, largely due to the impact of elevated inflation and interest rates. This caution has led to a significant slowdown in the rate of purchases
Boeing CEO Dave Calhoun is set to meet with the Federal Aviation Administration (FAA) along with other top company leaders to present a quality improvement plan. This plan is aimed at showcasing better staff training and production practices at Boeing’s factories. The FAA ordered this report after a near-catastrophic incident involving an airplane door panel
European stock markets experienced a decline on Thursday, largely influenced by the impact of rising global bond yields. At 03:10 ET (07:10 GMT), the DAX index in Germany was seen trading 0.3% lower, accompanied by a 0.2% drop in the FTSE 100 in the U.K. Conversely, the CAC 40 in France recorded a slight increase
The recent market activity has taken a toll on Salesforce, with shares plummeting over 14% after missing first-quarter revenue estimates. The company did manage to surpass adjusted earnings expectations, but its current-quarter guidance fell short on both top and bottom lines. This drop signifies the importance of meeting revenue projections in maintaining investor confidence. UiPath
Thailand’s central bank has indicated that adjustments to interest rates may be considered based on changes in the outlook for the economy and inflation. However, Deputy Governor Alisara Mahasandana emphasized that interest rates are not the primary tool for stimulating economic growth. The Bank of Thailand’s current inflation target range of 1% to 3% is
The recent rise in bond yields has sent ripples of unease throughout the European stock markets. Investors are on edge as they anticipate the release of key inflation data, fearing that monetary policy may remain tighter for a longer period. This has led to a decline in the DAX index in Germany, the CAC 40