Tag: Disney

February 12, 2021

Walt Disney Co. posted a surge in Disney+ subscribers and lower losses at its Covid-crippled theme parks, helping the world’s largest entertainment company return to profit in the latest quarter. Subscribers to the family-oriented video service grew to 94.9 million […]

October 1, 2020

Tens of thousands of job cuts announced by blue-chip companies in a 24-hour period are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the U.S. labor market. […]

May 18, 2020

Moderna — Moderna soared 23% after the drug maker reported “positive data” for its coronavirus vaccine. The early-stage human trial showed the vaccine produced Covid-19 antibodies in all 45 participants, the biotech company announced Monday. At day 43, about two […]

January 14, 2020

Within 24 hours of the long-awaited launch of Disney+, the entertainment multinational’s streaming service, it was reported that thousands of accounts had been hacked, with critical data stolen and sold online. As these breaches are so common, we’ve become almost […]

January 2, 2020

Disney shares were on the rise to kick off 2020 after some Wall Street analysts estimated significant growth from its new streaming service and recommended clients keep buying the stock. Rosenblatt Securities analyst Bernie McTernan expects Disney+ to attract 25 […]

December 30, 2019

After a stellar 2019, investors look ahead to 2020 for stock picks. Analysts are skeptical that the stock market’s gains, which are at more than 20% in 2019, will remain in the double-digit percentage range next year. They expect volatility […]

November 5, 2019

U.S. corporate earnings are proving to be a lot more resilient than many Wall Street analysts were expecting only a few short weeks ago. Nearly three-fourths of companies in the S&P 500 have reported their third-quarter results so far. In […]

August 31, 2017

Walt Disney Co. is preparing a series of layoffs as part of broader budget cuts across the company. According to the Wall Street Journal, the majority of the cuts will take place at the ABC broadcast network, its television production […]

November 11, 2016

The Magic Kingdom is at risk of losing some of its magic. For years, Disney was the envy of its industry, the media giant that thrived like no other. The firm’s stock rose 335% between CEO Bob Iger’s appointment in […]

September 27, 2016

The list of potential Twitter acquirers continues to grow. In addition to recent reports that Salesforce and Google are interested in possibly buying the real-time news service, Disney is now said to be considering an acquisition bid as well. The […]

May 10, 2016

Investors have high hopes for Walt Disney ahead of its second-quarter earnings Tuesday. Over the past few months, the entertainment giant had enormous success on the silver screen, with titles includingStar Wars: The Force Awakens and Zootopia. While the former […]

September 21, 2015

Walt Disney Co. DIS, +0.35% Sky PLC and other global media firms are investing $65 million in a Silicon Valley virtual-reality startup, signaling increasing interest in the immersive technology among traditional media. Other new investors in Jaunt Inc., of Palo […]