Day: February 7, 2024
Wall Street loves Disney's kitchen-sink quarter, but Nelson Peltz says he isn't backing down
Nelson Peltz, founder and chief executive officer of Trian Fund Management, during the Future Investment Initiative (FII) Institute Priority Summit in Miami, Florida, US, on Thursday, March 30, 2023. Marco Bello | Bloomberg | Getty Images Are you not entertained, Nelson Peltz? Disney shares jumped 6% in after-market trading Wednesday after the company posted earnings […]
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Asset manager names a person beneath-the-radar current market to get when times are terrible, supplying 6 stock picks
Considerations above worsening geopolitical tensions, volatility in corporate earnings and uncertainty on when the U.S. Federal Reserve will cut desire charges have sent some buyers on the hunt for secure-haven assets — and marketplaces — to put their dollars in. One particular European index stands out to portfolio supervisor Carla Bänziger even in a falling […]
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Social media chatter helps draw 3 million visitors in 3 days to a frigid metropolis in northern China
For quite a few Chinese, Harbin conjures illustrations or photos of ice and metal, a city the two cold and rough. But this winter season, the greatly industrialized metropolis morphed into a warmly welcoming host, drawing in a record-breaking number of people, primarily from China’s south. During the 3-working day New Yr interval from Dec. […]
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ESPN will launch its own streaming service in fall 2025, alongside joint venture
A detail view of a broadcast camera is seen with the NFL crest and ESPN Monday Night Football logo on it during a game between the Chicago Bears and the Minnesota Vikings at Soldier Field in Chicago on Dec. 20, 2021. Icon Sportswire | Icon Sportswire | Getty Images ESPN will launch its flagship direct-to-consumer […]
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Warner Music to cut 600 jobs, or 10% of staff
The Warner Music Group logo is displayed on a smartphone. Sopa Images | Lightrocket | Getty Images Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing. The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more […]
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Disney to take $1.5 billion stake in Epic Games, work with Fortnite maker on new content
Rafael Henrique | Lightrocket | Getty Images Disney is investing $1.5 billion for a stake in Epic Games, CEO Bob Iger said Wednesday, in its biggest bet yet on the gaming space. The media giant will work with the Fortnite studio to create new games and an entertainment universe where consumers can “play, watch, shop […]
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Disney is releasing a 'Moana' sequel in theaters this Thanksgiving
Still from Disney Animation’s “Moana.” Disney How far will Disney go? Back to ancient Polynesia, it seems. On Wednesday, Disney CEO Bob Iger revealed that the untitled Disney Animation film slated for Thanksgiving is a sequel to the beloved 2016 film “Moana.” The news comes just a day after Nielsen’s year-end rankings named “Moana” as […]
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NYCB woes reignite fears about shaky banks as anniversary of March disaster nears
The New York Neighborhood Financial institution (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Photos Embattled lender New York Community Bank disclosed a litany of fiscal metrics in the previous 24 hrs in a bid to soothe skittish traders. But just one of the most […]
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Taylor Swift Eras Tour film to stream exclusively on Disney+ starting March 15
Taylor Swift performs during opening night of the Chicago Eras Tour at Soldier Field on June 2, 2023, in Chicago. Chicago Tribune |Getty …Ready for it? Taylor Swift’s filmed Eras Tour has found a home on Disney+. The concert film will arrive on the platform on March 15, Disney CEO Bob Iger announced during the […]
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PayPal concerns disappointing advice even as fourth-quarter earnings best estimates
A PayPal sign is viewed at its headquarters on January 30, 2024 in San Jose, California. PayPal declared plans to lay off 2,000 workforce or 7 p.c of its workforce. Justin Sullivan | Getty Photographs News | Getty Images PayPal claimed greater-than-expected fourth-quarter final results on Wednesday, but issued direction that was a bit underneath […]
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