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

Why the meme-stock frenzy is unlikely to repeat

Published

5 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

6 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

7 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending