By Frank Pallotta, CNN Business The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated film in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest opening
Continue Reading By Frank Pallotta, CNN Business The Minions went bananas at the box office this weekend. Illumination’s “Minions: The Rise of Gru” — the latest animated film in the Despicable Me franchise — made an estimated $125 million domestically for its four-day opening weekend, according to Universal. That gives the film the record for biggest opening
Continue Reading By Chris Isidore, CNN Business Flights at US airports appeared to be returning to normal on Monday after another difficult holiday weekend for passengers caused by a rash of canceled flights. Tracking service FlightAware showed about 2,000 flights to, from, or within the United States canceled between Thursday and Sunday, or 2% of scheduled flights.
Continue Reading By Chris Isidore, CNN Business Flights at US airports appeared to be returning to normal on Monday after another difficult holiday weekend for passengers caused by a rash of canceled flights. Tracking service FlightAware showed about 2,000 flights to, from, or within the United States canceled between Thursday and Sunday, or 2% of scheduled flights.
Continue Reading By Anna Cooban and Isil Sariyuce, CNN Business Turkey’s annual rate of inflation hit almost 80% in June — its highest level in about two decades. Consumer prices increased by 78.6% last month compared to June 2021, driven by the soaring cost of food and drink and transportation. Food prices have almost doubled in a
Continue Reading By Laura He, CNN Business Another major Chinese developer has defaulted on its debt, dealing a new blow to the ailing real estate sector in the world’s second largest economy. Shanghai-based Shimao Group failed to pay the interest and principal on a $1 billion bond due Sunday, according to a company filing to the Hong
Continue Reading Story by Reuters Indian police made fresh arrests at the weekend over the murder of a Hindu tailor in Rajasthan — a crime that sparked tensions between the Hindu majority and Muslim minority and a clampdown on protests and the internet to prevent them from escalating. Two Muslim men already under arrest for the murder,
Continue Reading By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked
Continue Reading By Ramishah Maruf, CNN While TikTok’s short-form videos are entertaining, that’s “just the sheep’s clothing,” a Federal Communications Commission official said, and the app should be removed from app stores because of security issues. But a TikTok executive, in a rare interview on CNN’s “Reliable Sources” on Sunday, claimed there are no security concerns linked
Continue Reading By Ramishah Maruf, CNN Business The Fourth of July marks the birth of American independence, the day the Declaration of Independence was adopted in 1776. Many will celebrate the federal holiday with fireworks and barbecues, and most workplaces will be closed throughout the country. Here’s what will be open and closed on Monday, July 4.
Continue Reading By Paul R. La Monica, CNN Business Forget about an apple (or Apple) a day. Healthcare stocks may help keep the investing doctor away. Shares of Apple have plunged more than 20% this year. The FAANGs of Big Tech and other momentum stocks have been hit hard due to worries about slowing earnings growth and
Continue Reading By Danielle Wiener-Bronner, CNN Business If you hear the word “Activia,” your first thought might be of Jamie Lee Curtis. You may also think of its dated commercials, in which women complain of irregular digestion, and, well, poop. Danone launched Activia, the probiotic yogurt that claims to support gut health, in the United States in
Continue Reading By Chris Isidore, CNN Business Covid lockdowns in China resulted in a rare drop in production and sales for Tesla in the second quarter. The electric automaker reported that completed sales dropped nearly 18%, to about 255,000 vehicles in the second quarter compared to the first three months of the year. Production fell 15% to
Continue Reading By Ramishah Maruf, CNN There appears to be no end of trouble in sight for flyers this week — a chaotic July Fourth weekend has spawned at least 1,100 cancellations since Friday as airlines grapple with staffing shortages and poor weather amid an abundance of passengers. More than 7,800 US flights were delayed Friday —
Continue Reading By Isil Sariyuce, Maija Ehlinger and Ivana Kottasová, CNN Turkey has blocked access to the Turkish websites of foreign media Deutsche Welle and Voice of America, the country’s media watchdog announced on Friday. A statement released by the Turkish Radio and Television Supreme Council (RTUK) said the two outlets did not comply with “the law”
Continue Reading By Allison Morrow, CNN Business All stores have marketing tactics to get you in the door — stylish mannequins, elaborate display windows, posters screaming about all the discounts you can find inside. But some are far more subtle, so much so that chances are you’ve hardly ever noticed them. Picture your local grocery store, for
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Hy-Vee, Inc. is voluntarily withdrawing all of its Hy-Vee Potato Salad and Mealtime Potato Salad due to a presumptive positive microbial result on the line that the potatoes were processed on.
Continue Reading By Jennifer Korn, CNN Business With safe, legal abortion access in the United States being restricted in numerous states after last week’s Supreme Court decision to overturn Roe v. Wade, abortion-seekers are increasingly turning to online resources to seek medical care. Traffic to telehealth abortion platforms has skyrocketed in the last several days and weeks,
Continue Reading By Jennifer Korn, CNN Business With safe, legal abortion access in the United States being restricted in numerous states after last week’s Supreme Court decision to overturn Roe v. Wade, abortion-seekers are increasingly turning to online resources to seek medical care. Traffic to telehealth abortion platforms has skyrocketed in the last several days and weeks,
Continue Reading By Jackie Wattles, CNN Business SpaceX’s satellite-based internet business, Starlink, now has approval from the US government to expand its service to planes, ships, automobiles, RVs and other mobile vehicles. The move sets the company up to expand its customer base, which so far has been focused solely on providing roughly $100-per-month internet services to
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