Box Office Performance - "Kingdom of the Planet of the Apes" achieved a $56.5 million opening in North America, marking a significant boost for the current theatrical season [1][2] - The film's opening is the third highest of the year, following "Dune: Part Two" at $81.5 million and "Kung Fu Panda 4" at $58.3 million [1] - "Kingdom" outperformed the combined total of the rest of the top 10 films [1] Film Rankings - "The Fall Guy" ranked second with a $13.7 million weekend, bringing its two-week total to $49.7 million [2] - "Challengers" secured the third position with $4.7 million, totaling $38 million over three weeks [2] - The opening for "Kingdom of the Planet of the Apes" is the second best in the franchise, following "Dawn of the Planet of the Apes" which opened at $72 million in 2014 [2] Critical Reception - "Kingdom of the Planet of the Apes" received strong reviews, holding an 80% fresh rating on Rotten Tomatoes and a "B" CinemaScore [2] - The film has been described as "thrilling" and "visually stunning" by critics [2]

Core Insights - "The Fall Guy" opened with $28.5 million, falling short of expectations for a summer movie season that is uncertain for Hollywood [1][2] - The film's production budget is $130 million, and it earned an additional $25.4 million internationally, indicating a need for sustained interest to achieve profitability [2] - The summer box office is projected to be closer to $3 billion, significantly lower than the historical average of $4 billion, due to fewer major releases [3][4] Box Office Performance - "The Fall Guy" ranked first at the box office with $28.5 million, while "Star Wars: The Phantom Menace" re-release came in second with $8.1 million [6] - "Challengers" dropped to third place with $7.6 million, reflecting a 49% decline from its opening weekend [4][6] - The supernatural horror film "Tarot" debuted with $6.5 million, indicating a weaker performance for the horror genre compared to previous years [5][6] Industry Trends - The superhero genre is experiencing a decline in box office performance, prompting studios to seek new alternatives [2][3] - The impact of last year's strikes has resulted in fewer big movies being released this summer, contributing to a less traditional movie season [3][4] - Audience reception for "The Fall Guy" is positive, with an "A-" CinemaScore and an 83% fresh rating on Rotten Tomatoes, suggesting potential for a longer run [2]

Long-term investors who are considering buying “growth stocks,” i.e., stocks with high price-earnings (P/E) ratios, may want to think again. The phrase “growth stocks” appears to be a misnomer. In general, differences in future earnings growth are fairly modest between high P/E and low P/E stocks and are far too small to justify the large differences in prices between those two sets of stocks. On average and over the long run, high P/E stocks deliver significantly lower returns than low P/E stocks.What do P ...

Tech investor Jason Palmer wasn’t planning to launch a bid for the White House until he decided he had no choice. “I kept waiting for someone with a business background to join the race. When they didn’t, I decided to run based on my strong business background,” said Palmer, a former deputy director at the Bill & Melinda Gates Foundation... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a su ...

OpenAI shot back at Elon Musk late Tuesday, refuting claims Musk made in a lawsuit filed last week, and publishing emails from Musk that appeared to show he had supported the company’s for-profit business plans.Last Thursday, Musk filed a lawsuit in San Francisco accusing OpenAI executives of abandoning their founding goals for developing artificial general intelligence in favor of enriching themselves and essentially selling out to Microsoft Corp. MSFT, -2.96%. “We’re sad that it’s come to this with someon ...

Ross Stores Inc. late Tuesday blew past expectations for its holiday quarter but spooked investors by saying that higher costs of living continue to pressure its customers.While inflation has moderated, there is ongoing macroeconomic and geopolitical uncertainty, and “housing, food, and gasoline costs remain elevated and continue to pressure our low- to moderate-income customers’ discretionary spend,” the off-price retailer said.“As a result, while we hope to do better, we believe it is prudent to continue ...

Apple Inc.’s stock is having its fifth down day in a row, and it’s off almost 12% to start 2024 during a period when the broader market continues to roar higher. In other words, the shares are “at a crossroads,” according to Rosenblatt Securities analyst Barton Crockett. Apple AAPL, -2.57% is dealing with all sorts of challenges, including regulatory pressures, anemic revenue trends and a dearth of mainstream new products. See also: EU’s record Apple antitrust fine is just the start of a Big Tech regulatory ...

Production at Tesla’s Berlin factory was halted due to a power outage, German media reported Tuesday.The halt was due to a fire, suspected of being arson, in an area near the factory, Berliner Zeitung reported. Deutsche Welle later reported that left-wing extremists called the Volcano Group claimed responsibility, citing the damage from “killer cars and monster trucks.”Tesla’s factory has not been damaged, the police said. Recently, environmental activists have been protesting in a state forest near the Tes ...

As Apple Inc. absorbs the regulatory body blow of a record $1.95 billion antitrust fine from the European Union on Monday, its legal team is bracing for yet another epochal action.The U.S. Department of Justice is in the final stages of a yearslong investigation into Apple AAPL, -2.81%, which could lead to a lawsuit as soon as this month. The probe — which reportedly focuses on everything from the seamless integration between the iPhone and Apple Watch, to the company’s digital-payments system and its use o ...

Shares of Boeing Co. turned higher Monday after American Airlines Group Inc. included the aerospace giant’s troubled 737 Max line in its orders for 260 new aircraft, which aims at boosting premium seating by 20%.American said its orders include 85 Boeing 737 Max 10s, 85 Airbus A321neo and 90 Embraer E175 aircraft, with options and rights to buy an additional 193 aircraft.As part of the Boeing orders, American said it “upgauged” 30 existing 737 Max 8 orders to 737 Max 10 aircraft. Boeing’s stock BA, +0.39% g ...