There are some basic truths about these gargantuan federal programs that must be acknowledged.
MarketWatch First Take: Disney’s Iger returns, and gives Wall Street what it wants. Is it enough?
In Bob Iger’s first earnings report since his recent return to Walt Disney Co., he gave Wall Street exactly what it wanted: layoffs, corporate restructuring and a move to reinstate the entertainment giant’s dividend.
: Robinhood accidentally sold short on a meme stock and lost $57 million
Robinhood accidentally sold short on a small stock as it went on a meme-like ride in December, costing the trading app more than the stock’s market cap today
: Economists continue to raise China’s economic growth forecast for this year
Analysts are upgrading their growth forecasts for China’s economy, after the easing of COVID restrictions that hit the country less than expected and as business activity quickens its pace.
The Wall Street Journal: GM may take small stake in Brazilian miner Vale
General Motors Co. has discussed taking a small stake in Brazilian miner Vale SA’s base metals unit, a business that mines and processes nickel and other metals crucial to building electric vehicle batteries, according to people familiar with the matter.
The Wall Street Journal: Warner Bros. Discovery shifts strategy, plans to keep Discovery+ separate
Warner Bros. Discovery Inc. plans to keep Discovery+ as a stand-alone streaming service, people familiar with the matter said, a strategy shift for a company that had planned to consolidate content in a single subscription app.
Earnings Results: MGM stock is already getting a March Madness bounce
Executives at casino-resort operator MGM Resorts International Inc. are betting on best-ever returns next month, as big events converge on Las Vegas.
Earnings Results: Disney stock jumps as Iger plans 7,000 job cuts in return to earnings stage
Bob Iger returned to Disney’s earnings stage and delivered a big beat, largely thanks to theme parks, but Disney+ subscribers declined more than expected.
The Ratings Game: Lumen stock sinks to levels not seen since 1988 amid a ‘reset’
The telecommunications company pressed the reset button and disappointed Wall Street with its outlook in a Tuesday afternoon report
Earnings Results: Affirm stock tanks after earnings whiff, as company plans to lay off 19% of staff
Affirm announced plans to cut 19% of its staff Wednesday following an earnings report in which the company came up shy with both its results and outlook.