Key Events This Week: CPI, PCE, ADP, Durable Goods And More

'Project Hail Mary' Writer Credits Not Going Woke For Film's Success With an $80.6 million domestic opening weekend, a 95% critics’ score on Rotten Tomatoes, and a 96% audience score, Project Hail Mary is an undeniable blockbuster hit. By its second weekend, the movie crossed $300 million worldwide and dethroned Avatar: Fire and Ash as the top-grossing Hollywood film of 2026 in North America. It’s become the second-biggest non-franchise opening over the past decade, after Oppenheimer. The Hollywood Reporter published a piece titled "Project Hail Mary: 4 Lessons Hollywood Won't Learn...

Italian Diplomatic Sources Deny Talks With Iran To Open Hormuz Update(1140ET): Italy denies talks with Iran, but still nothing official on a public level from government ministers: No negotiations are under way with Iran to guarantee safe passage through the Hormuz Strait for Italian ships or oil tankers, an Italian Foreign Ministry source has told Reuters, denying a report in The Financial Times. “In their diplomatic contacts, Italian leaders want to favour the conditions for a general military de-escalation, but there is no under-the-table negotiation aimed at preserving only some merchant ships...

Deutsche Telekom, T-Mobile Weigh Potential Mega-Merger A new Bloomberg report states that Deutsche Telekom AG is exploring a mega merger with its U.S. subsidiary, T-Mobile US, in a move that would create a telecom giant valued at roughly $400 billion. If completed, the deal would rank as the largest public M&A transaction ever. Deutsche Telekom shares fell 4% in Germany on Wednesday morning after Bloomberg reported overnight that the company is in the early stages of considering a combination with T-Mobile US, in which it already holds a 53% stake. Here's...