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 recent announcement, the VGX Foundation, based in the Cayman Islands, has formed a partnership with Genopets to incorporate the VGX token as a reward within their popular move-to-earn NFT mobile game on Solana. This collaboration aims to introduce VGX as a reward token in the Genopets game, offering players utility and rewards for
The recent approval of more than $1 billion in financing requests from state agencies and local governments by the North Carolina Local Government Commission raises concerns about the financial implications and sustainability of these projects. While the commission’s mandate is to review the feasibility of proposed projects and the borrowing capacity of municipalities, the scale
In the current global economic scenario, the dollar index has been holding strong, reaching its highest level in over four months. This has had a significant impact on the Japanese yen, pushing it towards its lowest levels in decades. The increased threat of currency intervention by Tokyo has managed to cap further declines in the
Ault Alliance, Inc. (NYSE American: AULT) revealed that its subsidiary, Sentinum, Inc., mined approximately 105 Bitcoin in March 2024, showcasing a potential annual run rate of $82 million based on the current Bitcoin price of $65,000 per coin. This successful mining effort was spread out between Sentinum’s data center located in Michigan and machines hosted
In the given information, it is mentioned that the U.S. dollar slipped slightly lower in European trade but remained near an over four-month peak as traders continued to monitor the path of U.S. interest rates. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.505. It
In times of market volatility and uncertainty, investors are often left wondering where to turn for solid investment opportunities. With the ongoing unease in the market, Piper Sandler has suggested that now might be the time to consider quality stocks as a safe haven for investment. The investment firm emphasizes the importance of focusing on
The past week has seen minimal movement in mortgage rates, mirroring the stagnant state of mortgage demand for the second consecutive week. The reasons behind this lack of activity can be attributed to the excessive costs associated with mortgages and the limited supply available in the market. Potential homebuyers find themselves constrained by these factors,
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
The stock market has seen a strong start in 2024, with the S & P 500, Dow Jones Industrial Average, and Nasdaq Composite all experiencing significant gains in the first quarter. However, the second quarter has brought some uncertainty, with all three major averages down more than 1%. This shift has led investors to seek