Disney’s media business has long been viewed as a hindrance to the company’s overall success, with its streaming losses, declining traditional pay TV business, and box office failures causing concern among investors. This negative perception has been reflected in Disney’s stock performance, which has lagged behind the S&P 500 in recent years. However, the company’s
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Yum Brands, the parent company of well-known fast–food chains like Pizza Hut, KFC, and Taco Bell, faced a challenging quarter with declining same-store sales at both Pizza Hut and KFC. The impacts from the Middle East conflict and a more cost-conscious consumer have presented headwinds to same-store sales, according to Yum CEO David Gibbs. This
After a long and uncertain process, the Tampa Bay Rays have finally received the green light from local governments to move forward with their plan to build a new government-subsidized ballpark in St. Petersburg, Florida. The Pinellas County Commission’s decision to commit $312.5 million from its tourist tax fund towards the $1.37 billion project has
DraftKings recently made the decision to impose a gaming surcharge on winning bets in states with high sports betting tax rates. This move is aimed at increasing the company’s profits. While the company’s CEO, Jason Robins, justified the decision by comparing it to taxes in other industries, such as hotels and taxis, it raises questions
In the last fiscal year, New York City’s pensions for police officers, fire fighters, teachers, civil employees, and school personnel surpassed their investment targets with a 10% return, outperforming their 7% goal. This success was largely driven by the booming U.S. stock market, with the S&P 500 posting a remarkable 22.7% return for the year
Pop Mart, a Chinese toy company, has managed to buck the trend of reduced consumer spending over the summer by reporting impressive double-digit growth in the first half of the year. This growth has exceeded expectations, with revenue projected to increase by at least 55% and profits by 90% or more. The stock market responded
Tadge Juechter, often referred to as the “godfather” of the modern Corvette, recently retired from General Motors after an impressive career spanning nearly 47 years. His journey with the iconic sports car began in 1985 when he delved into researching the market for a new high-performance model, the ZR1. Fast forward to 2025, and Juechter’s
Warren Buffett made headlines recently when Berkshire Hathaway revealed that it had sold nearly half of its Apple stake in the last quarter. Despite this significant move, Apple still remains the conglomerate’s largest holding, with a staggering market value of $84.2 billion as of June. This indicates Buffett’s confidence in the tech giant, even as
The buzz surrounding the Summer Olympics in Paris has not only been about the athletes and their performances but also about the unexpected presence of Snoop Dogg in the coverage. With a total audience delivery average of 34 million viewers, NBCUniversal has been leveraging the star power of Snoop Dogg to enhance the viewer experience
As global financial markets experience growing risk-aversion, Asian currencies are facing pressure to perform. The movement of most Asian currencies has been limited as investors seek safe havens, resulting in a flow of funds into the US dollar. This trend can be attributed to the uncertainty surrounding the global economy and the potential impact on