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Disney (DIS) laid out key levers it can pull to help battle a potential recession — as the media giant’s theme parks business showed signs of weakness in the fourth quarter. On the earnings call following the disappointing results, Disney CFO Christine McCarthy noted that the company has tools, both new and old, that it can utilize to keep its parks business afloat should consumers pull back spending. According to the executive, one tool includes discounting — something that McCarthy noted… Source link

ARK Invest founder and CEO Cathie Wood thinks many of the market’s woes may be alleviated if Republicans win control of at least one chamber of Congress this midterm cycle. The famed fund manager, whose speculative technology-focused funds have been battered by restrictive central bank policies, said in a webcast Tuesday that a Republican sweep of the House may usher in more welcome fiscal decision-making. “I don’t think it will be because of the Republicans getting into office,” she… Source link

When a conversation between Kyrie Irving and Kevin Durant became a viral video before the 2019 NBA All-Star Game, with online sleuths speculating that they were aligning their free-agency plans, which led them to the Brooklyn Nets four months later, Irving neither denied nor confirmed the contents of their discussion. Instead, Irving went on the defensive. “Anybody’s stories or social media, I’m completely off it,” he said. “I just don’t have the care for it. It ruins locker rooms, it ruins… Source link

Disney (DIS): Despite reporting record full-year sales, Disney shares fell 6% in extended trading after missing on both the top and bottom lines in its fiscal fourth quarter. The company posted adjusted earnings of 30 cents a share on sales of $20.15 billion. Disney+ added 12 million subscribers during the quarter, topping estimates, but streaming losses grew to $1.5 billion, up from $630 million a year ago. Despite widening losses, CEO Bob Chapeck told investors he “still sees Disney +… Source link

Cryptocurrencies plunged Tuesday as investors digested an emergency deal struck for an undisclosed sum between major crypto exchanges Binance and FTX. Bitcoin (BTC-USD) tumbled 13% over the last 24 hours from $19,800 to a period low of $17,603, the largest one-day drop since June. It has since recovered above $18,600 per coin. The second largest cryptocurrency, ether (ETH-USD) sold off by 15% on the day from $1,468 to $1,318. FTX’s exchange token FTT, fell by as much as 84% on the day from… Source link

Disney (DIS) reported fiscal fourth-quarter earnings on Tuesday after the bell, missing on both the top and bottom lines. Macroeconomic challenges, including the global advertising slowdown, weighed on earnings as the company also battled higher-than-expected streaming losses. Disney stock moved lower on the heels of the report, with losses accelerating as investors digested the results — down as much as 10% in after-hours trading. Here are Disney’s fourth-quarter results compared to Wall… Source link

Stocks rallied Tuesday as investors awaited the outcome of the midterm elections in the U.S. The S&P 500 (^GSPC) inched higher by 0.6%, while the Dow Jones Industrial Average (^DJI) ticked higher by 335 points, or roughly 1%. The technology-heavy Nasdaq Composite (^IXIC) edged higher by 0.5% after wavering during afternoon trading. It was the third-straight day of gains for the major indexes ahead of another week of potential market-moving events: corporate earnings, midterm elections, and… Source link

What more can you say about Justin Fields‘ performance in Week 9? To think, most, if not all, fantasy football managers were just about ready to call Fields a bust after the early weeks of the season. And not just a bust in fantasy, but one in reality too. It’s hard not to see why though — Fields and the entire Bears’ offense were a brutal watch. Those invested in the likes of Darnell Mooney and Cole Kmet — after so much offseason hype — were just about set to swallow their losses and… Source link

Google Home is scheduled to receive a huge makeover in the near future. We know because Google told us as much about a month ago, only they said the new experience would arrive first through a public preview program. Well, friends, the public preview is opening up and you should be able to sign-up. On the support page for the Google Home app Public Preview, Google says that you should be able to jump into the current Google Home, tap into Settings and then look for “Public… Source link

Now that the fourth quarter is underway, many advertisers are trying to spend all their ad budgets and meet their annual goals. However, a lot of them run into the problem of fraudulent traffic. This is when computer-generated bots click on ads and bring no real results. Threat actors use these bots to replicate the activities of actual customers and fool advertisers into paying for ad traffic. There are a variety of ways to make it seem like there is more traffic to a website than there… Source link