business

The summer box office of 2026 achieved a record $4.76 billion in ticket sales, marking a significant rebound for the theatrical industry and positioning it for a potential full-year total exceeding $10 billion for the first time since 2019. This resurgence highlights both the return of audiences and the evolving dynamics of film distribution and viewing preferences post-pandemic.

Several companies experienced significant stock movements, with Centerspace and Academy Sports seeing notable gains due to strategic mergers and improved earnings forecasts, respectively. In contrast, Casey's General Stores and ServiceTitan faced sharp declines following mixed earnings reports and disappointing guidance.

Premarket trading saw significant movements in several companies, with Mission Produce and Signet Jewelers reporting strong earnings, while Casey's General Store and ServiceTitan faced declines due to mixed results and lowered guidance.

The rise in mortgage rates has led to increased demand for adjustable-rate mortgages (ARMs), indicating a shift in borrower behavior as they seek lower initial rates amidst higher fixed-rate options.

After-hours trading saw significant stock movements for several companies, with ServiceTitan and Braze experiencing declines due to disappointing guidance, while Mission Produce and Chime Financial reported strong earnings and positive outlooks, leading to stock increases.