Disney, the iconic entertainment company, has been dominating the box office once again with its latest releases. From animated films like “Inside Out 2” to superhero epics like “Deadpool & Wolverine,” Disney has been on a winning streak. The company recently held its D23 fan convention in Anaheim, California, where they gave fans a sneak
Wall Street
The recent cancellation of three Taylor Swift concerts in Austria due to a foiled attack has not only been a disappointment to fans, but also a major blow to insurers. Insurers are now facing millions of dollars in claims as a result of the cancelled concerts. It is estimated that around 195,000 fans, known as
Travel companies are bracing for a slowdown in leisure travel as U.S. consumers are becoming more cautious in booking vacations due to the prevailing economic uncertainty. This trend is in stark contrast to the past few years when robust demand fueled the industry’s growth. Hilton Worldwide CEO Christopher Nassetta highlighted the challenges faced by the
Super Micro Computer, once considered a highflier in the AI industry, faced a significant setback with a 14% drop in its shares during premarket trading. This decline came as a result of a faster-than-expected contraction in the company’s gross margin. The adjusted gross margin for the fourth quarter plummeted to 11.3% from 17% a year
Japan’s SoftBank Group is expected to report a modest first-quarter profit, but investors are eagerly anticipating whether the tech investment giant will announce a significant share buyback or signal its willingness to do so. The company’s shares took a nosedive of almost 20% on Monday, reflecting the overall market turmoil and concerns surrounding the performance
In the world of finance, U.S. stock index futures took a hit in evening trading on Sunday as worries about an economic slowdown continued to linger. The S&P 500 Futures dropped 0.9% to 5,329.0 points, with Nasdaq 100 Futures also falling 1.4% to 18,302.0 points. Similarly, Dow Jones Futures retreated by 0.5% to 39,680.0 points.
Mars, a family-owned food giant well-known for brands like M&M’s and Snickers, is reportedly considering acquiring Kellanova, the maker of popular snacks such as Cheez-It and Pringles. This move could mark one of the biggest acquisitions in the packaged food sector, given Kellanova’s market value of $22 billion. However, the decision to move forward with
In the wake of Apple’s latest earnings report, analysts have expressed a generally positive outlook on the stock. Bernstein highlighted Apple’s fiscal Q3 performance, noting that results were “modestly ahead of consensus.” They pointed out that revenues grew by 5% and services expanded by 14%. Bernstein also praised Apple’s strong free cash flow and its
Striking video game voice actors and motion-capture performers recently took to the streets in front of Warner Bros. Games to protest the increasing threat of artificial intelligence to their professions. These workers expressed their concern that AI technology was being used to replicate their voices and likeness without their consent, posing a significant risk to
Billionaire investor Bill Ackman made an unexpected decision to scrap the launch of Pershing Square USA just days before the fund was set to begin trading on the New York Stock Exchange. This sudden change in plans came after Ackman downsized the initial public offering (IPO) for the second time in a week, citing the