Money

Disney shares drop as subscribers flock

Published

1 year ago

May 11, 2023

ticker NEWS

Disney shares have dropped off the back of the entertainment giant’s quarterly earnings report

Walt Disney shares have dropped despite the entertainment giant reducing its streaming losses by $400 million.

Shares of Disney fell 4.4 per cent in after-hours trading.

A price increase and reduced marketing expenses helped improve the performance of Disney’s streaming unit.

The division ended the quarter with a loss of $659 million, compared with $1.1 billion in the prior quarter.

At the same time, total subscribers on the Disney+ service dropped by 4 million.

Most of these came from the Disney+ offering in India after it lost streaming rights to Indian Premier League cricket matches.

Disney also shed 300,000 customers in the United States and Canada, after raising prices last December.

Money

ASX positioned for strong start after positive stock rebound

Published

9 hours ago

September 10, 2024

ticker NEWS

The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

Leaders

Elon Musk is projected to become the world’s first trillionaire

Published

1 day ago

September 9, 2024

ticker NEWS

Elon Musk, the visionary entrepreneur behind Tesla and SpaceX, is projected to achieve an unprecedented financial milestone by becoming the world’s first trillionaire by 2027.

Currently the richest person alive, Musk holds a staggering net worth of $251 billion, with Tesla playing a major role in his fortune.

At this rate, experts predict his wealth could skyrocket, reaching the trillion-dollar milestone in just three years.

Tesla itself is growing at a remarkable pace, with a market value nearing $670 billion. #featured #trending

Money

Treasury Secretary believes the U.S. are on track for a “safe landing”

Published

1 day ago

September 9, 2024

ticker NEWS

Treasury Secretary Janet Yellen pointed to a “soft landing” for the economy, with unemployment slightly down despite slower job creation.

In a recent interview on Bloomberg, Yellen stated that “For the US, the kinds of metrics that we would monitor that would summarise risks — whether it’s asset valuations or a good degree of leverage — things look good, I don’t see red lights flashing”. #featured #trending