In a surprising turn of events, Disney’s media business is no longer seen as a burden on the company. For the past few years, the prevailing narrative has been that Disney’s streaming losses, coupled with a decline in traditional pay TV, have been overshadowing the success of its theme parks and resorts. Consequently, this has
Sony’s finance chief, Hiroki Totoki, recently announced that Sony will not be reconsidering a fresh bid for film and TV production group Paramount Global. Totoki stated that acquiring Paramount does not align with Sony’s strategic goals, citing potential risks associated with such a large acquisition. This decision comes after reports from the Japanese financial newspaper
The recent weaker-than-expected economic data in the United States has raised concerns about the need for an emergency rate cut by the U.S. Federal Reserve. However, Claudia Sahm, chief economist at New Century Advisors, has expressed her opinion that an emergency cut may not be necessary at this point in time. She believes that the
In light of the recent volatility in the market, it is crucial for investors to consider the role of bonds in their portfolios. Joanna Gallegos, the co-founder and CEO of BondBloxx, emphasizes the significance of prioritizing income and high-yield bonds as part of a diversified investment strategy. According to Gallegos, fixed income assets play a
The latest data on unemployment rates for the month of July has revealed a concerning trend that has caught the attention of many economists. The Bureau of Labor Statistics has identified a group of workers known as marginally attached workers. These individuals are willing and available to work, but have not actively searched for a
Disney has recently announced that it will be increasing prices on its streaming platforms, including Disney+, Hulu, and ESPN+. These price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. The most expensive plans on Hulu, which include live TV, will see a significant
SunPower, once a leading rooftop solar installer, has recently filed for bankruptcy after facing months of financial struggles. The company’s stock plummeted by 32% to just 55 cents per share on Tuesday, marking a nearly 90% collapse in value over the course of the year. SunPower’s Chapter 11 protection filing in U.S. Bankruptcy Court for
Uber recently released its second-quarter earnings report, surpassing Wall Street’s expectations. The company’s stock saw a 4% increase in premarket trading following the positive results. Let’s delve into the specifics of how Uber performed in the period ending June 30 compared to analyst projections. Uber reported earnings per share of 47 cents, exceeding the 31
Yum Brands recently reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. The company’s CEO, David Gibbs, attributed these declines to the impacts of the Middle East conflict and a more cost-conscious consumer base. These factors have presented significant headwinds for same-store sales, making it difficult for Yum Brands to
India is on the cusp of witnessing an unprecedented growth in ultra-high net worth individuals, outpacing the global trend, as per consultancy Knight Frank. Mumbai, India’s financial capital, has already established itself as the leading billionaire hub in Asia, surpassing Beijing earlier this year. Ranking third globally in terms of billionaire count, after New York
