The Rundown Intel CEO Steps Down, 'Moana 2' Breaks Thanksgiving Record
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Dec 2, 2024 The stock market is booming, with major indices reaching impressive heights as December unfolds. Intel faces a shake-up with its CEO stepping down, impacting stock values amid tech turmoil. Meanwhile, Tesla's stock is on the rise thanks to advancements in self-driving tech, while Stellantis struggles after a leadership change. In entertainment, 'Moana 2' breaks Thanksgiving box office records, illuminating the industry's thriving landscape during the holiday season.
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Stock Market Performance
- November was a strong month for stocks, with the S&P 500 having its best month this year.
- December is historically strong, with the S&P 500 finishing higher 73% of the time.
Record-Breaking Box Office
- The Thanksgiving weekend box office saw a record $420 million in ticket sales.
- Moana 2 led with $221 million, shattering the previous record held by Frozen 2.
Intel CEO Steps Down
- Intel CEO Pat Gelsinger stepped down amidst the company's struggles, with shares falling nearly 50% this year.
- Intel's CFO will serve as interim CEO, and the stock jumped 5% following Gelsinger's departure.