S&P 500 Hits Record, Approaches 5,000 for First Time in History
U.S. stocks rallied on Wednesday, with the S&P 500 closing at an all-time record high of 4,995. This has put the U.S. benchmark on track to hit the 5,000-point mark for the first time in its history.
It was the tech-heavy Nasdaq Composite that was...
Disney’s CEO Bob Iger Plans to Leave in 2026, Says Company is Looking for His Successor
Disney’s CEO, Bob Iger, will step down from his role with the company after his contract expires in 2026. Iger confirmed this during a recent appearance at the DealBook Summit.
Iger initially took over as CEO of Disney in 2005 and remained in the position...
Disney’s Future in Traditional TV Brought Into Question
Disney's future in traditional broadcast TV has been brought into question despite the company managing to resolve a contract dispute with cable company Charter that saw it pull its channels including ESPN and ABC off of Charter Spectrum cable systems in late August.
The company...
Disney Stock Drops to 9-Year Low, and It Might Not Stop There
Walt Disney Co. stock continued sliding this week, dropping almost 4% to reach its nine-year low. The investors seem to be less convinced about the company’s ability to return to its former heights and believe the dip might not stop there.
The company had an...
Disney Stock Climbs Amid Lower Capital Spending Forecast
Entertainment giant Walt Disney Company shared its second-quarter earnings on Wednesday, missing estimates on revenue and Disney+ subscribers. However, the company’s stock still made gains in the after-hours trading on the back of a lower capital spending forecast.
Disney reported revenue of $22.33 billion compared...
Disney Quarterly Earnings Miss Estimates
Disney reported its first-quarter earnings after the bell on Wednesday, narrowly missing consensus estimates on its earnings per share. The company realized adjusted earnings per share of $0.93; just short of an expected $0.94.
Revenue for the three months ending March 31 was $21.82 billion;...