Money

Bob Iger is staying at Disney

Published

3 years ago

July 13, 2023

Disney has announced the extension of Bob Iger’s contract as CEO until the end of 2026.

Initially, Iger’s return to the company in November was intended to be a short-term arrangement, with the task of finding a new successor by the end of 2024. However, the independent directors of Disney unanimously voted to extend his term by two years.

Iger’s first tenure as CEO began in 2005 and lasted for an impressive 15 years. During this time, he oversaw significant acquisitions and remarkable growth, but also witnessed the departure of several potential successors.

Ultimately, Bob Chapek, the former theme parks chief, was chosen as his successor, but his tenure was marked by conflicts and accusations of Iger undermining him, lasting only 33 months.

Under his new contract, Iger now has the opportunity to earn five times his base salary in annual bonuses, a significant increase from the previous arrangement of one times salary.

Disney stated that Iger’s extension would provide continuity of leadership during the company’s ongoing transformation and allow for a smoother CEO succession. Iger himself expressed his belief in Disney’s bright future but acknowledged that there was still more to accomplish before his eventual successor takes over. The board is currently evaluating both internal and external candidates for the position.

This decision comes at a challenging time for Disney, as the company faces criticism for its support of LGBTQ causes, creative concerns following the box office disappointment of Pixar’s “Elemental,” declining cable television revenues affecting ESPN and other brands, a writers’ strike in Hollywood, rising sports rights costs, and the need to improve the profitability of its streaming service, Disney+.

Despite these challenges, Iger’s contract extension aims to provide stability and ensure that the company is well-positioned for the future. His continued leadership will play a crucial role in addressing these issues and successfully transitioning to a new CEO when the time comes.

Money

Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

Published

13 hours ago

January 21, 2026

Harvey Vargas

U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.

U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.

The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.

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Money

Gold hits record highs as investors flee risk

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Published

2 days ago

January 20, 2026

Harvey Vargas

Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.

Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.

The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.

Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.

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Money

Markets edge higher as 10-year yields hit new highs

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

Published

2 days ago

January 19, 2026

Harvey Vargas

Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.

All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.

The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.

Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.

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