Disney/Pixar’s Inside Out 2 has continued to exceed expectations, reaching an impressive $799.7 million globally as of Tuesday. The film has proven to be a massive hit both domestically and internationally, with $411.9 million coming from overseas markets and $387.8 million from North America alone. This has propelled Inside Out 2 to become the 10th
Nvidia CEO Jensen Huang attributes the company’s current advantage in artificial intelligence chips to a strategic bet made over a decade ago. This bet involved significant investment in AI, amounting to billions of dollars, and assembling a team of thousands of engineers. The foresight and commitment to AI has proven to be a defining factor
Southwest Airlines faced a rough start when its shares dropped by about 4% in premarket trading on Wednesday due to a revision in its second-quarter revenue forecast. The carrier pointed towards shifting booking patterns as the reason behind this downward revision. The airline now anticipates a decline of 4% to 4.5% in revenue per available
The Biden administration recently announced that it will impose inflation penalties on 64 prescription drugs for the third quarter of this year. This move is in line with President Joe Biden’s commitment to lowering drug prices in the United States, particularly for older Americans enrolled in Medicare. The administration’s initiative is part of the Inflation
The European Central Bank (ECB) is considering the possibility of gradually reducing interest rates in response to expected decreases in inflation. Despite having recently made the decision to cut rates for the first time in the current cycle, the ECB has not provided a clear commitment regarding its next move. However, policymakers within the ECB
Recently, Rivian Automotive experienced a significant surge in its stock price, rising over 40% after securing up to $5 billion in funding from Volkswagen Group. With an initial investment of $1 billion and another $4 billion expected by 2026, this partnership has undoubtedly created a buzz in the electric vehicle industry. The boost in Rivian’s
General Mills, Inc. recently released its fourth-quarter earnings, which were met with mixed reactions from investors. While the company exceeded Wall Street’s earnings per share expectations by a cent, it fell short on revenue targets. The food giant reported adjusted earnings per share of $1.01, slightly higher than the analyst consensus of $1.00. However, revenue
When we examine the current landscape of American 401(k) plans, the overarching theme seems to be one of progress tempered with significant concerns. The recently released report by Vanguard, How America Saves 2024, sheds light on the saving habits of nearly five million participants in these retirement savings vehicles. While it is heartening to see
As Disney/Pixar’s Inside Out 2 enters its third weekend at the box office, all eyes are on its impressive performance. With a projected $55 million-$60 million domestic gross, the film is poised to surpass the final numbers of Illumination/Universal’s Super Mario Bros Movie, which brought in $574.9M. The industry is abuzz with anticipation as exhibition
The announcement of SolarEdge Technologies offering $300 million worth of convertible notes due 2029 resulted in a significant drop in its shares by more than 20%. Additionally, the revelation that a customer is unable to pay a debt of $11.4 million due to bankruptcy further adds to the negative sentiment surrounding the company. Such financial