Money

“Significant transformation” to occur at Disney

Published

1 year ago

February 9, 2023

ticker NEWS

Disney has announced it will be reducing its workforce by 7,000 people in a bid to cut costs

The layoffs are a part of Disney’s “significant transformation” plan to achieve $5.5 billion in cost savings.

“I have enormous respect and appreciation for the dedication of our employees worldwide,” CEO Bob Iger said in a company earnings call.

“We are going to a really hard look at everything we make because things in a more competitive world have simply gotten more expensive.”

Iger also announced a new operating structure for Disney, separated into three core business segments – Disney Entertainment, ESPN and Disney Parks.

Disney+ also registered its first-ever decline in subscribers, losing 2.4 million.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

3 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

3 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

4 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