Disney’s (DIS) Bob Iger will be inheriting quite a mess as he reassumes the CEO position at a company he led for 15 years. “Disney’s problems are more structural than they are related to who’s running the company,” Doug Cruetz, media analyst at Cowen, told Yahoo Finance Live. Cruetz listed several fundamental concerns, including a declining linear business, which has been tethered to an increasingly costly sports business at ESPN, in addition to a streaming unit bleeding money amid an… Source link
Read More »‘We’re in a long-term structural bull market’ despite price drop
As demand for oil weakens, gas prices are declining, with the national average falling below $4 per gallon earlier this month for the first time since March. But the pullback may be short-lived, one expert cautioned, and prices could rise again before the end of the year. “We’re in a long-term structural bull market in oil,” Schork Group principal Stephen Schork told Yahoo Finance Live (video above). “By the end of the year, I would suspect that these prices will be back in that $100… Source link
Read More »The engineering firm that found structural damage in 2018 says they’re ‘deeply troubled’ by the Florida condo collapse
Members of the South Florida Urban Search and Rescue team look for possible survivors in the partially collapsed 12-story Champlain Towers South condo building on June 26, 2021 in Surfside, Florida. Joe Raedle/Getty Images An engineering firm said it’s “deeply troubled” by the Florida condo collapse. Morabito Consultants documented “major structural damage” at the building in 2018. Officials have confirmed five deaths so far, with 156 people still unaccounted for. Visit Insider’s homepage for… Source link
Read More »Inspection reports for collapsed Miami-area condo detail ‘major structural damage’ over garage
Engineers noted design flaws and failing waterproofing that would lead to “exponential damage” about 990 days before much of the Champlain Towers South condominium complex collapsed, documents released late Friday night show. The town of Surfside, Florida, released the documents including an “unverified” 40-year inspection report that had been received 16 hours after the building’s catastrophic failure. A letter to the condominium association’s treasurer on Oct. 8, 2018, included pages of… Source link
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