Warner Bros.' (TWX) "Wonder Woman" was able to top the domestic box office for the second weekend in a row, bringing in $57.2 million in North America, according to Box Office Mojo. The debut of NBCUniversal's (CMCSA - Get Report) "The Mummy" took the number two spot at the domestic box office, earning $32.2 million over the weekend.
While The Mummy, which had a production budget of $125 million, failed to dominate the domestic box office, globally the film brought in more than $141 million, bringing its total global sales to $174.1 million.
"Wonder Woman" has has brought in $435.2 million at the box office worldwide.
What's Hot on TheStreet
Apple and all of tech remains in focus: European tech shares such as SAP SE (SAP - Get Report) , Infineon Technologies AG (IFNNY) and ASML NV (ASML - Get Report) fell sharply on Monday after last week's late Nasdaq rout. Not helping matters was a rare downgrade on Apple (AAPL - Get Report) on Sunday on fears the stock may be too richly valued.
Walmart is under siege from a German rival: Aldi is coming after Walmart's (WMT - Get Report) grocery market share, as the German discount retailer says it will invest $3.4 billion to expand its U.S. presence. The privately-held German grocery store said it plans to increase its store base to 2,500 by 2022. Aldi currently operates 1,600 U.S. stores.
GE's CEO is stepping aside: Industrial conglomerate General Electric (GE - Get Report) said Jeffrey Immelt, chairman and CEO, plans to step down. Immelt has been with GE since 1982 and has served as chairman and CEO since September 2001. John Flannery, the current president and CEO of GE Healthcare, was named chairman and CEO. He will become CEO effective Aug. 1, and also take over the chairman role effective Jan. 1, 2018, a day after Immelt officially retires.
TheStreet reported last week that General Electric may sell additional businesses as investor Trian Partners pressured Immelt to meet aggressive performance targets.