China’s ‘Netflix’ iQiyi is set to open a theme park with virtual reality based on its own shows

Key Points

Chinese videostreaming platform iQiyi said Thursday it plans to open its first theme park this year, based on characters from its own shows.
The forthcoming “iQiyi Land” is set to open in the city of Yangzhou in Jiangsu province, just over two hours from Shanghai by high-speed train.
Legoland is opening its first China resort in Shanghai this summer, while Warner Bros. Discovery last month announced it is developing a “Harry Potter Studio Tour” in Shanghai with a projected opening of 2027.

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Finance

Goodbye quarterly earnings? Here’s when traders believe this big change will happen

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Key Points Traders on prediction markets platform Kalshi give 73% odds that the Securities and Exchange Commission will end its requirement for quarterly financial reports by April 2027. They give lower odds that it will happen by January. Recent rules from the commission typically take at least a year to get finalized. Source

Finance

Uber and Disney are seeing the same remarkable dynamic in this economy. Both stocks are surging

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Key Points Uber and Disney pointed to a remarkably resilient spending backdrop, with consumers continuing to shell out for rides, food delivery, vacations and theme park trips. “The consumers are spending, they’re spending locally, and we don’t see any signs of that weakening at this point,” CEO Dara Khosrowshahi said. Source

Finance

Stocks making the biggest moves premarket: AMD, Disney, Uber, Corning, Super Micro Computer & more

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Check out the companies making the biggest moves premarket: Advanced Micro Devices — Shares surged 18% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. Super […]