Money

What will Bob Iger do first at Disney?

Published

1 year ago

November 23, 2022

The surprise return of Bob Iger as Disney CEO, replacing his own replacement Bob Chapek, is not without precedent in corporate America.

In a memo to staffers announcing the shakeup, Iger framed his actions as an effort to restore power to creative executives at Disney.

Disney’s CFO Christine McCarthy told investors she lacked confidence in Chapek after a Nov. 8 conference call about the company’s worse than expected quarterly loss of $1.5 billion linked to its Disney+ streaming service.

Despite the steep financial pitfall, Chapek appeared upbeat and insisted the company was “on a path to profitable streaming business that generates shareholder value long into the future.”

By Friday of the following week, Disney execs were seeing if Iger would return to his old job of 15 years in order to replace Chapek, the paper reported.

Chairperson of Disney’s board Susan Arnold called Iger up and asked if he’d consider coming back to run the Mouse House once again, people with inside knowledge told the Journal.

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

5 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

6 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