Disney small improved immediately after Iger agreement extension. Here’s what the pros are declaring
Finance
Disney investors say handling of Jimmy Kimmel suspension put politics over shareholders, demand records
Key Points The American Federation of Teachers, AFL-CIO, and Reporters Without Borders are seeking board materials, communications and policies related to the suspension of “Jimmy Kimmel Live!” The groups argue that the decision was driven by threats from federal regulators and broadcast affiliates, rather than a business calculation in shareholder interests. Source
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Finance
Stocks making the biggest premarket moves: Intel, Oracle, Lithium Americas, Opendoor and more
Check out the companies making the biggest moves in premarket trading: Oracle — The database software company fell 3% as worries around the AI trade continue to drag the stock lower. Rothschild & Co Redburn initiated coverage of Oracle with a sell rating, saying the market is “materially” overestimating Oracle’s contracted cloud revenues. It sees […]
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Finance
Early Revolut backer invests in AI-focused finance software startup Light
Key Points Light, a Danish financial software startup, told CNBC it has raised $30 million in a Series A funding round led by Balderton Capital. Founded in 2022, Light’s software uses artificial intelligence to automate businesses’ accounting, bookkeeping and financial reporting. The startup recently opened an office in London and is planning to open one […]
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