LOS ANGELES — “Kingdom of the Planet of the Apes” reigned over the weekend box office with a $56.5 million North American opening, according to studio estimates Sunday, giving a needed surge to an uncertain season in theaters.The film from 20th Century Studios and Disney DIS, -0.01% that built on the rebooted “Apes” trilogy of the 2010s had the third highest opening of the year, after the $81.5 million debut of “Dune: Part Two” in early March and the $58.3 million domestic opening of “Kung Fu Panda 4” a wee ...

NEW YORK — “The Fall Guy,” the Ryan Gosling-led, action-comedy ode to stunt performers, opened below expectations with $28.5 million, according to studio estimates Sunday, providing a lukewarm start to a summer movie season that’s very much to be determined for Hollywood.The release from Comcast’s CMCSA, +0.86% Universal Pictures opened on a weekend that Marvel has regularly dominated with $100 million-plus launches. (In 2023, that was “Guardians of the Galaxy Vol. 3” with a $118 million debut. ) But last y ...

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 ...

In the 1980s, Japan appeared to have the world by the tail, only to see its economy collapse into a “lost decade” and general malaise. A similar fate for the U.S. seems unimaginable nowadays. The U.S. is scoring big wins in the latest, fast-growing technologies: artificial intelligence, including Microsoft’s investment in OpenAI; Alphabet, Amazon.com and Meta Platforms leading the tech giants exploiting the internet; and Elon Musk’s Neuralink and SpaceX pushing the limits of innovation.Yet misguided governm ...

“Streamflation” has been a hot topic with streaming subscribers recently amid a slew of price hikes by media companies like Walt Disney Co., which raised the price of its Disney+ and Hulu streaming services yet again in August. Yet escalating prices don’t seem to be scaring away consumers; in fact, they’re subscribing, and spending, more than ever. Spending on streaming services in January 2024 spiked more than 70% from 2021, while the share of households paying over $100 a month has more than doubled, a ...

Microsoft Corp. continues to pull away from Apple Inc. in terms of market capitalization — so much so that the gap between them is the widest it’s been in over two decades. Based on intraday action, Microsoft MSFT, +0.13% has a $3.063 trillion market cap Friday, while Apple’s AAPL, -1.28% clocks in at $2.754 trillion. If the corresponding stock-market action carries through to the close, that would translate to a $309.4 billion margin, the largest between these two companies since Oct. 21, 2003, according t ...

Group 1: Investment Banking Revenue Growth - A surge in equity capital markets and debt market activity is boosting investment banking revenue growth at the big five Wall Street banks, surpassing analyst estimates for the first quarter [1] - Bank of America leads with over 25% increase in investment banking revenue compared to the previous year, followed by JPMorgan Chase (15%), Citigroup (10%), Morgan Stanley (7%), and Goldman Sachs (3%) [1] - Collectively, the five banks are on track to deliver 13% revenue growth over the year-ago period, exceeding the 10% consensus analyst estimate [2] Group 2: Market Performance and Trends - Equity capital markets revenue is up 39% as companies issue stock, despite a slow rebound in the IPO market [2] - Debt capital markets revenue has increased by 42% year-over-year and jumped 81% from the previous quarter, with Citigroup leading at a 113% increase over the last quarter [2] - Trading revenue remains mixed, with strength in fixed income potentially offset by muted volatility across other products [2] Group 3: Stock Performance - Year-to-date stock performance shows Bank of America up 1.2%, Citigroup up 7%, JPMorgan Chase up 8.4%, Morgan Stanley down 7.7%, and Goldman Sachs up 1.9% [3] - The Dow Jones Industrial Average is up 3.3% and the S&P 500 is up 6.3% so far in 2024 [3]

Shares of Workday Inc. fell 8% in after-hours trading Monday after the software company merely met revenue expectations for the latest quarter, while announcing an artificial-intelligence deal. The company reported fiscal fourth-quarter net income of $1.2 billion, or $4.52 cents a share, whereas it reported a net loss of $126 million, or 49 cents a share, in the year-earlier period. Net income in the latest quarter reflected a $1.1 billion release of a valuation allowance related to deferred tax assets. ...

Nvidia Corp.’s latest earnings report was one for the history books in many ways, as the company delivered record profits and revenue — and is on track to deliver the biggest one-day haul of market capitalization for any U.S. company. See more: Nvidia’s stock surge is poised to make history — and ‘mammoth growth’ is on tapBut it’s not just Nvidia NVDA, +15.37% setting records in the wake of its results. Shares of rival Advanced Micro Devices Inc. AMD, +11.22% are on track to close at a new all-time high, up ...

The Commerce Department continues to dole out money as part of the Chips Act, and Intel Corp. shares are rising premarket Tuesday as some investors appear hopeful the company will soon rake in serious funds. Intel INTC, -1.23% could receive upwards of $10 billion in subsidies consisting of both loans and direct grants, Bloomberg News reported late Friday. The report noted that the Biden administration was in talks about the funding, which would be the largest award made with money from the 2022 Chips and Sc ...