The Walt Disney Company recently announced its upcoming theatrical lineup which includes highly anticipated films such as a new “Toy Story” installment and another “Tron” movie by the end of 2026. This announcement comes at a time when the company’s theatrical business has been facing challenges due to the impact of pandemic shutdowns and labor
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Artificial intelligence has been revolutionizing various industries for years, with weather forecasting being one of the key areas that has benefited greatly from AI technology. Recent advancements in generative AI have opened up new possibilities for even more accurate weather predictions, prompting companies like Spire Global to explore new partnerships with AI giants like Nvidia.
Ford Motor’s decision to delay production of a new all-electric large SUV and pickup truck signifies a significant shift in its EV production plans. The company is now focusing on offering hybrid options across its entire North American lineup by 2030, indicating a change in strategy in response to slower than expected adoption of electric
Disney shareholders celebrated a major victory this week as they reelected the media conglomerate’s full board. The preliminary results delivered a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter, who had been pushing for changes within the company. The board’s decisions, including bringing back CEO Bob Iger and efforts to reinvigorate
In a surprising turn of events, Bloomberg News reported that Disney’s largest shareholder, index fund manager Vanguard, plans to support management over Nelson Peltz’s Trian Partners in an upcoming board vote. This decision comes as a blow to Peltz’s ambitions to join Disney’s board, considering that Vanguard holds a significant 7.8% of Disney shares. The
General Motors recently reported a 1.5% decline in first-quarter US vehicle sales compared to the previous year. While the decline was largely attributed to a substantial drop in fleet sales, retail sales to customers actually increased by 6%. This mixed performance indicates that GM is facing some challenges, especially when compared to industry expectations for
The spring housing market has surprised many experts by defying expectations that prices would cool and competition would ease. Despite higher mortgage rates, which typically cool both prices and demand, the housing market remains hot. The lack of homes for sale is a major contributing factor to the high prices. The lock-in effect is preventing
In a strategic move, private equity firm Silver Lake has announced its acquisition of entertainment company Endeavor Group Holdings for $27.50 a share. This acquisition will see Silver Lake taking full ownership by acquiring 100% of the shares it does not already own. With Endeavor being acquired at an equity value of $13 billion, this
The recent decision by the Biden administration not to increase payments for private Medicare plans has had a significant impact on U.S. health insurers. Following the announcement, shares of several major health insurance companies took a hit on Tuesday. For instance, CVS Health experienced a decrease of more than 8%, while UnitedHealth Group saw its
Disney, once the king of the global box office, has seen a significant decline in revenue and operating income in recent years. In 2019, the studio had an impressive run with seven billion-dollar films contributing to a total global box office haul of over $13.2 billion. However, the picture looks vastly different in 2022 and