The post-holiday box office weekend saw a significant decline in earnings compared to the previous year, with all titles grossing an estimated $68.6M, a staggering 66% drop from the previous year’s total of $205.1M. This poor performance can be attributed to various factors, including lackluster movie releases and overall audience disinterest in the available options.
Success
The exciting volleyball anime movie, Haikyu!! The Dumpster Battle, made an impressive $800K in previews yesterday. This performance is overshadowed by the highly anticipated release of The Garfield Movie, expected to dominate with a $12M second frame at the box office. In a rare moderate wide release weekend, Haikyu!! The Dumpster Battle managed to captivate
Dell Technologies saw its stock slide more than 16% after executives warned investors about further margin pressure in the coming years. While the company posted a first-quarter earnings beat on both the top and bottom line, the forecast of a roughly 150 basis point reduction in gross margin by 2025 caused concern among shareholders. On
The Food and Drug Administration has given its approval for Moderna’s vaccine for respiratory syncytial virus for adults aged 60 and older. This marks the company’s second product to enter the U.S. market, providing Moderna with a much-needed revenue stream as demand for its Covid jab declines. The decision to approve Moderna’s shot was based
Columbia Pictures’ Bad Boys: Ride or Die is set to hit theaters in China on June 22, marking the second installment of the Bad Boys franchise to be released in mainland China. The previous film, Bad Boys for Life, debuted in China in August 2020 amidst the Covid-19 pandemic, grossing a mere $3.2M. Despite this
Despite the challenging times faced by the global box office, there is still some positive news to celebrate. One such film that has reached a significant milestone is 20th Century Studios/Disney’s Kingdom of the Planet of the Apes. The movie has managed to surpass the $300 million mark worldwide. With $178.1 million coming from international
The recent transition to faster trade settlements for securities in the U.S. has been met with processing bumps, according to market participants. The move from a two-day settlement cycle (T+2) to a one-day settlement cycle (T+1) was adopted to comply with a rule change by the U.S. Securities and Exchange Commission. This shift in the
Dick’s Sporting Goods reported a solid first quarter with substantial growth in comparable sales. The company exceeded analyst expectations, with earnings per share of $3.30 compared to an expected $2.95, and revenue of $3.02 billion versus an anticipated $2.94 billion. This strong performance led to a 5.3% increase in comparable sales, driven by higher transaction
Pinduoduo (PDD) has emerged as a dominant player in China’s e-commerce landscape, beating out competitors such as Alibaba and JD.com. The company’s value-for-money positioning and the growth of its Temu marketplace have propelled it to the top spot in terms of market capitalization. With stellar first-quarter results and a surge in share value, PDD is
Robinhood’s decision to initiate a $1 billion share repurchase program is certainly a bold move. The market’s positive reaction with a 4.5% increase in after-hours trading indicates that investors are optimistic about the company’s future. However, the extended timeline of two to three years for the execution of the program starting in the third quarter
Porsche, known for its iconic sports cars, has once again raised the bar with the introduction of the 2025 911 Carrera GTS hybrid. Priced at $164,900, this production hybrid version of the beloved 911 marks a significant milestone for the German automaker. As the automotive industry continues to shift towards electrification and stricter fuel economy
In George Miller’s new Mad Max film “Furiosa,” a red paint flare explodes and casts the theater screen in a saturated crimson cloud. However, this is not the ordinary movie-viewing experience that most people are familiar with. The theater is equipped with gyroscopic 4DX chairs, plumes of fog, and environmental effects that enable the audience
Investing in the pharmaceutical industry has always been a risky venture, with constantly changing trends and advancements. However, Roundhill Investments’ recent move to launch the GLP-1 & Weight Loss ETF (OZEM) signifies a strong belief in the long-term potential of GLP-1 weight loss drugs. This ETF focuses on pairing established leaders like Eli Lilly and
Neon had a successful weekend at the box office with the expansion of the indie film “Babes.” Directed by Pamela Adlon, the film follows the story of childhood best friends Eden and Dawn, played by Ilana Glazer and Michelle Buteau, as they navigate the complexities of adulthood. The film made an estimated $1.06 million over