Check out the companies making headlines in after-hours trading: Domino's Pizza , Ulta Beauty — Shares surged about 8% after Berkshire Hathaway announced a new stake in the pizza chain in a regulatory filing. The Warren Buffett-led firm bought more than 1.2 million shares, making the stake worth around...
Disney is back. After several quarters of cutting costs and revamping its streaming business, CEO Robert Iger's turnaround plans is paying off: On Thursday, the entertainment giant reported strong quarterly earnings and a robust outlook for the coming year. Revenue in the fiscal fourth quarter totaled $22.57 billion, topping...
Check out the companies making headlines in midday trading: Disney — The media stock popped 7% on stronger-than-expected earnings and guidance, aided by growth in its streaming business. The company said it expects high-single-digit adjusted earnings growth in fiscal 2025. Capri , Tapestry — Both luxury apparel stocks rose...
Scene from the FX series Shogun.Source: Disney | FXDisney has done the math on separating its TV networks business, and it appears too messy to be done — at least for now.The company's chief financial officer, Hugh Johnston, said Thursday on CNBC's "Squawk Box" that the "cost is probably...
Baupost's Seth Klarman took a sizable stake in discount store Dollar General last quarter, while exiting Michael Kors-owner Capri before its megadeal to merge with Tapestry was blocked by regulators. The notable hedge fund investor built a $195 million stake in Dollar General, making it his eighth biggest holding...
Check out the companies making...
Disney is back. After several...
Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Mifepristone, also known as RU-486, is a medication typically used in combination with misoprostol to bring about a medical abortion during pregnancy and manage early miscarriage.Soumyabrata Roy | Nurphoto | Getty ImagesDrug company Danco Laboratories on Friday asked the Supreme Court to review the case challenging the legality of...
Here’s a quick multiple-choice quiz: Are annuities the functional equivalent of a pension? Can annuities be investments that have nothing to do with retirement? Do clients hate annuities? Do clients love annuities? Do many advisors find annuities so confusing that they prefer to ignore them? If you answered “Yes” to...
Flourish Cash, a division of fintech company Flourish that provides registered investment advisors with access to cash management, announced Friday it is increasing its top-tier annual percentage yield as well as the amount of assets protected by FDIC insurance. Advisors can now use Flourish, which is owned by MassMutual, to...
After a dispute about fees between a leading corporate governance watchdog and REIT management, the merger of two real estate investment trusts controlled by Nicholas Schorsch’s AR Global appears to have been approved Friday, resulting in a $375 million “internalization” fee to AR Global. The two AR Global REITs...
The SEC marketing rule, which runs for 430 pages, can be complicated. But the agency’s exam sweep on compliance with the rule is straightforward. The Securities and Exchange Commission is assessing how investment advisors are adhering to the regulation when advertising their firms. The measure, which allows advisors to use...
While Social Security is the bedrock of retirement income for many Americans, it can also serve as a lifeline for children when one or both parents retire, become disabled or die. Financial advisors and their clients often have questions about how and when children become eligible for benefits. In 2021,...
