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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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.
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
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
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
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
The Bank of Japan recently engaged in a debate regarding the potential for a near-term interest rate hike, as revealed by a meeting summary. The discussion centered around addressing the risks associated with inflation surpassing expectations. One member of the board advocated for an immediate increase in interest rates to tackle this issue without delay.
The recent developments at Boeing have brought the company into the spotlight once again, this time with potential criminal charges looming. U.S. prosecutors are putting forth a recommendation to senior Justice Department officials to bring charges against Boeing after it was found that the company violated a settlement related to two fatal crashes involving the
As the final trading week of the first half of the year begins in Asian markets, investors are taking stock of the current situation. While the equity markets in Asia seem to be in reasonably positive territory, the currency and bond markets present a more mixed picture. However, the Chinese market is faced with more
In the uncertain economic climate, it is crucial for investors to identify stocks with strong fundamentals and long-term growth potential. One such stock is Delta Air Lines (DAL), America’s second-largest carrier. With a network that reaches over 290 destinations across six continents, Delta has positioned itself as a key player in the airline industry. Analyst
Recent reports have highlighted a concerning trend in the alcohol market, particularly for the prestigious Chinese brand known as “Flying Fairy.” The brand, which is a traditional Chinese baijiu liquor, has seen a significant decrease in wholesale prices in recent weeks, sparking worries about the overall economic growth. This drop in prices comes on the