Lilo & Stitch Smash Records, JPMorgan Woos the Wealthy, and Consumer Confidence Climbs
Disney’s Lilo & Stitch and Tom Cruise’s final Mission: Impossible installment just delivered the biggest Memorial Day weekend in box office history, raking in over half a billion globally. Meanwhile, Macy’s cut its profit outlook amid Trump-era tariffs and slower discretionary spending, even as its restructuring shows early promise. JPMorgan is launching luxury branches to attract high-net-worth clients through concierge-style service. And finally, U.S. consumer confidence rebounded sharply in May, reversing five months of decline thanks to easing recession fears and tariff pauses.
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