top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

1 Jun 2022

'Top Gun: Maverick' jets to new box office record amid crashing Paramount Shares

The Index Today

With excellent reviews, an A+ Cinemascore grade and a box office record of $160.5 million four-day domestic gross and now $300 million worldwide as of yesterday, Skydance and Paramount's Top Gun: Maverick is now Tom Cruise’s highest grossing movie amid falling stocks of AMC Entertainment and Paramount.

The Joseph Kosinski-directed sequel to Cruise’s 1986 turn as Navy fighter pilot Pete “Maverick” Mitchell beat the previous record holder for the frame, 2007’s Pirates of the Caribbean: At World’s End. It also beat the past forecasts in a theatrical sector that’s still struggling to recover from Covid restrictions, shifting release schedules and consumer reluctance — especially among older demos.

Recent data shows that the shares of giant chain AMC are changing hands at about $14.75, up about 2%. The stock had surged 10% in premarket trade but fell at the open, dipping briefly into the red. Paramount Global shares are up about 0.5% at $34. They also were in the red earlier. Top Gun 2 is the studio’s fifth No. 1 opening of 2022.

Clay pottery with table linens
bottom of page