The new Star Wars movie did poorly at the box office. According to Box Office Mojo:
Disney and Lucasfilms’s Solo: A Star Wars Story topped the Memorial Day holiday weekend box office, but the film fell well short of expectations, raising a few valid questions. Was it too soon to release another Star Wars movie five months after the last installment and was the competition just too stiff from the likes of Deadpool 2 and Disney’s own Avengers: Infinity War?
Fiat Chrysler Automobile N.V.’s (NYSE: FCAU) longtime CEO will leave and the company is preparing. According to The Wall Street Journal:
A decade after Chrysler filed for bankruptcy, a nearly debt-free Fiat Chrysler Automobiles NV is preparing to unveil a growth plan for the next five years at a test track outside Milan.
The presentation Friday for investors and media at the Italian-American company’s Balocco Proving Ground is expected to preview product plans and financial goals following the departure of Chief Executive Sergio Marchionne, who plans to step down early next year.
Apple Inc.’s (NASDAQ: AAPL) next iPhone may have new components. According to CNBC:
Apple may be planning to use high-end technology in the screens for all of its new iPhone models next year, according to a report from South Korea’s Electronic Times.
The American tech juggernaut is reportedly looking at organic light-emitting diode, or OLED, panels, which make images appear brighter and sharper compared to another technology used for some smartphone screens — liquid crystal display, or LCD.
Canadian banks may have been hit by cyber-criminals. According to CNBC:
Bank of Montreal and Canadian Imperial Bank of Commerce said Monday that cyber attackers may have stolen the data of nearly 90,000 customers in what appeared to be the first significant assault on financial institutions in the country.
Bank of Montreal, Canada’s fourth biggest lender, said it was contacted by fraudsters Sunday who claimed they were in possession of the personal and financial information of a limited number of the bank’s customers.
Starbucks Corp. (NASDAQ: SBUX) will close many of its stores this week for anti-bias training. According to CNBC:
Starbucks will close about 8,000 company-owned locations on Tuesday afternoon to offer 175,000 employees a mandatory anti-bias training.
Most of the 7,000 licensed stores, including those operated by hotels, grocery stores and airports, should be open.
BrandZ released its report on the world’s most valuable brands. Google finished first with a brand value of $302 billion.