Sony Pictures’ volleyball anime movie, Haikyu!! The Dumpster Battle, made $800K in previews yesterday. This moderate wide release stands out amongst this weekend’s lineup, with Sony Pictures’ The Garfield Movie expected to top the box office with a $12M second frame. Warner Bros.’ R-rated Furiosa: A Mad Max Saga is projected to take second place
Dell Technologies saw its stock slide over 16% in premarket trading after executives warned of potential further margin pressure ahead. While the company posted a first-quarter earnings beat, they forecast a pullback in gross margin by about 150 basis points in 2025. This news contributed to the decline in stock value. In contrast, Lionsgate Studios
Dell Technologies experienced a significant drop in its stock value, plummeting over 16% in a single day. The primary reasons for this decline were disappointments in the company’s artificial intelligence (AI) server backlog and potential margin decreases. Despite surpassing analyst predictions for the fiscal first quarter, Dell’s shares were heavily impacted by concerns over its
China, being the world’s second-largest economy, plays a significant role in the global market. However, recent data on China’s manufacturing activity in May has raised concerns. The official manufacturing purchasing managers’ index (PMI) dropped unexpectedly to 49.5 in May from 50.4 in April. This decline indicates a contraction in the sector, reflecting challenges such as
A former Deutsche Bank investment banker, Rashawn Russell, was sentenced to 41 months in prison in a U.S. court after being found guilty of perpetrating a Ponzi-like fraud scheme involving cryptocurrency trading. Russell, 28, pleaded guilty to wire fraud and access device fraud, and was ordered to pay more than $1.5 million in restitution to
Morgan Stanley analysts recently increased their price target on Honda Motor Co Ltd (TYO:7267) to 2,250 yen from 2,200 yen, highlighting it as their top choice among Japanese automakers. The analysts emphasized that Honda’s profitability is looking more promising with an expanded lineup of hybrid electric vehicles (HEVs) and better supply chain management. Additionally, the
The recent caution exhibited by U.S. consumers and businesses in their spending habits is indicative of the challenges posed by elevated inflation and interest rates. Bank of America CEO Brian Moynihan highlighted this trend during a financial conference in New York, pointing out that both households and small- to medium-sized businesses are scaling back their
The National Association of Realtors reported a significant drop of 7.7% in signed sales contracts on existing homes in April compared to March. This decline marks the slowest pace since April 2020, highlighting a concerning trend in the housing market. The surge in mortgage rates, with the average rate on the 30-year fixed mortgage reaching
The recent election projections in South Africa have sent shockwaves through the financial markets, causing a significant decline in the country’s currency, stocks, and bonds. The African National Congress (ANC) is facing the possibility of losing its parliamentary majority for the first time in 30 years, signaling a major shift in the political landscape of
Boeing CEO Dave Calhoun, along with other top company leaders, is set to meet with the Federal Aviation Administration to discuss and present a quality improvement plan. This plan aims to showcase better staff training and production practices at Boeing’s factories. The meeting comes after a concerning incident involving a new 737 Max 9 aircraft