Cloud Software Stock Slips From Record Highs After Earnings
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Earnings
Here’s why investors are so excited about Disney’s quarterly results
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...
Market Insider
Stocks making the biggest moves midday: TPR, CPRI, DIS
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...
Earnings
Disney doesn’t plan to change its TV networks portfolio anytime soon
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...
Buffet Watch
Baupost’s Seth Klarman takes new stake in Dollar General, exits Capri
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...
Economy
Wholesale prices rose 0.2% in October, in line with expectations
A customer shops in the ready to eat meals aisle of a grocery store on October 17, 2024 in Miami, Florida. Joe Raedle | Getty ImagesWholesale prices nudged higher in October, though largely in line with expectations and mostly consistent with the Federal Reserve cutting interest rates again in December,...
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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.
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Yields on cash ‘well ahead of inflation,’ expert says. How to invest now
Nopphon Pattanasri | Istock | Getty ImagesInvestors have been able to get the best returns on cash, as the Federal Reserve raised interest rates to bring down the pace of inflation.Now that the central bank is lowering rates — with a new quarter point rate cut announced by the...
08Nov
Gaming giant raises FY sales guidance
Sony's PlayStation 5.Thiago Prudencio | Lightrocket | Getty ImagesSony raised sales guidance for the full year on Friday and posted operating profit that smashed analyst expectations after a strong quarter for its gaming business.Here's how the company did in the September quarter, versus LSEG consensus estimates:Revenue: 2.97 trillion Japanese...
08Nov
PINS, MNST, BBWI, DJT and more
Check out the companies making headlines before the bell. Trump Media & Technology Group — Shares of President-elect Donald Trump's media company fell another 4.6% in premarket trading following a 23% plunge in the previous session. The stock, which trades under ticker Trump's initials, DJT, has given up Wednesday's...
08Nov
Bybit Expands Shunyet Jan’s Role to Drive Institutional Growth
Dubai, United Arab Emirates, November 8th, 2024, ChainwireBybit, the world’s second-largest crypto exchange by trading volume, is pleased to announce that Shunyet Jan, its current Head of Derivatives, will take on an expanded role as Head of Institutional. This move underscores Bybit’s commitment to serving institutional clients and enhancing...