Money

Walt Disney Company scraps plans for Florida campus

Published

1 year ago

May 19, 2023

The head of Disney’s theme park division blamed “changing business conditions”

The Walt Disney Company has scrapped a plans for a new campus that would have brought thousands of employees to Florida.

The entertainment giant was prepared to fork out nearly $1 billion for the campus.

The plan would have seen about 2,000 employees relocate to a Disney-owned complex near Orlando.

The head of Disney’s theme park division blamed “changing business conditions” in an internal email to staff.

While the email does not mention politics or DeSantis, it is alluding to mounting tensions between Disney and Florida lawmakers.

The reversal comes amid an escalating feud between Disney and the state’s Republican-led government headed by Ron DeSantis.

In a statement, DeSantis’ office says: “Given the company’s financial straits, falling market cap and declining stock price, it is unsurprising that they would restructure their business operations and cancel unsuccessful ventures.”

Money

Why the meme-stock frenzy is unlikely to repeat

Published

6 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