Walt Disney Co
Disney fires TV content chief Peter Rice in abrupt shakeup
Peter Rice, then-chairman and chief executive officer of Fox Networks Group Inc., speaks at the Milken Institute Global Conference in Beverly Hills, California, May 3, 2017. David Paul Morris | Bloomberg | Getty Images Disney has abruptly fired Peter Rice, its most senior television content executive, multiple sources told CNBC Thursday. Rice didn’t know the […]
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We’re changing our price targets on 8 stocks in the portfolio
The moves reflect recent earnings reports, comments from company executives, and general market multiple compression. Source
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OnlyFans says it’s not seeing a Netflix-like slowdown in subscribers despite rising inflation
In this photo illustration, the OnlyFans logo is displayed on a smartphone. Sheldon Cooper | SOPA Images | LightRocket via Getty Images AMSTERDAM — OnlyFans is not experiencing a slowdown in subscribers like Netflix even as people grapple with rising prices, executives at the company said Tuesday. “We’re not experiencing that slowdown,” Keily Blair, OnlyFans’ […]
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Citi names the ‘attractive’ oversold stocks to buy right now
Market watchers have been reluctant to call the bottom on the brutal Wall Street sell-off this year, but Citi thinks a slew of stocks are now oversold and investors should buy the dip. The bank’s analysts, led by Hong Li, said that — given the “continued high macro risk and market volatility” — investors should […]
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China tries to shake off the worst of the pandemic in a long, zero-Covid journey
A handful of tourists visit the normally packed Yuyuan Garden during the Dragon Boat Festival holiday on June 4, 2022, in Shanghai, where authorities are allowing a return to normal life and business activity. Vcg | Visual China Group | Getty Images BEIJING — China is starting to show signs of recovery from the latest […]
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Dan Niles sees more pain in tech — and reveals an opportunity in the sector
Tech stocks may have already suffered a massive sell-off this year, but hedge fund manager Dan Niles thinks there could be even more pain ahead for the sector. He tells CNBC why and reveals where he sees an opportunity in the sector. Tech stocks have taken a drubbing this year as market volatility worsened and […]
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Dave Roberts is one of the most powerful executives at ESPN – and he wants more diversity behind the scenes
Dave Roberts Provided by ESPN Dave Roberts is a creature of habit. The ESPN executive, who has emerged as an influential force behind the scenes at the network, prefers to take business meetings at the Four Seasons, for instance. In 2015, sports media personality and regular ESPN panelist Bomani Jones was in Los Angeles to […]
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Star Wars is mostly TV now — and the Disney franchise’s often-fractured fanbase is cool with that
Ewan McGregor reprises his role as Obi-Wan Kenobi in the new Disney+ series “Obi-Wan Kenobi.” Disney ANAHEIM, California — By the time Oscar-winning filmmaker Taika Waititi’s untitled Star Wars film is set to hit theaters in late 2023, it will have been four years since a tale from a galaxy far, far way has been […]
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The first act of the streaming wars saga is over — Netflix’s fall from grace has ushered in the pivotal second act
Reed Hastings, Co-CEO, Netflix speaks at the 2021 Milken Institute Global Conference in Beverly Hills, California, U.S. October 18, 2021. David Swanson | Reuters The media and entertainment industry prides itself on its mastery of classical storytelling’s three acts: the setup, the conflict and the resolution. It’s safe to declare the first act of the […]
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We’re adding to an underappreciated stock and another that’s right for the moment
The combination of these purchases speaks to the importance of balancing a long view with a short focus. Source
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